Secondary Alkane Sulfonate Market Size By Application, Growth Potential, Price Trends, Market Share & Forecast, 2016 - 2024

Secondary Alkane Sulfonate Market Size By Application, Growth Potential, Price Trends, Market Share & Forecast, 2016 - 2024

Secondary Alkane Sulfonate (SAS) Market is projected to exceed USD 1.3 billion according to this new research report.

Robust demand from industrial applications like laundry services, hospitality, textile pulp & paper etc. will drive the global secondary alkane sulfonate (SAS) market in the forecast period. Moreover, growing trends in household demand, due to enhanced awareness regarding personal hygiene and consumer lifestyle dynamics will propel the market growth by 2024. numerous food outlets such as Burger King, McDonald's, KFC, etc.

Cleanliness holds paramount importance in food & beverage market. Consequently, significant growth trends in food & beverage sector will fuel demand for dish-washing liquids, thus complimenting the product market share in the near future. SAS holds some unique properties such as higher water solubility, foaming power, higher chemical stability with variety of pH values, soil and grease dispersion and superior wetting action which drive its demand in the detergents industry as foremost surfactant ingredient.

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In 2016, global food & beverage business generated revenues more than USD 15 trillion. Also, favorable FDA regulations safeguarding sanitation in processing associated with food & beverage industry and the emerging fast food trends in Asia Pacific region are expected to subsequently boost the industry growth in forecast period.

The prevalent regulatory norms based on the latent product threat on being exposed to the surroundings. For instance, direct product contact (in the form of high concentration) with the skin may lead to irritation whereas its consumption through residue leftovers might lead to indigestion. Also, on its disposal into water bodies, the toxicity associated with SAS makes it hazardous for aquatic flora & fauna. These aforementioned factors could be growth restraints for the market by 2024.

The household detergents & cleaners segment held the largest share for SAS market in 2016, by accounting for 40% of the worldwide volume. The global household detergents market industry is likely to experience growth over 6% by 2024 which would contribute to further business growth across the globe.

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Key market players are Lanxess AG, Clariant Corporation, The WeylChem Group, Acar Chemicals, Rajvin Chemicals and BIG SUN Chemical Corporation

Secondary alkane sulfonate (SAS) market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Secondary alkane sulfonate (SAS) market by application:

  • Dish Washing Liquids
  • Household Detergents & Cleaners
  • Industrial Cleaners
  • Personal Care Products
  • Others

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