Sulfosuccinate Market: Regional Outlook, Growth, Trend, Industry Share & Forecast Report
Category: #business  By Ronak Bora  Date: 2020-02-01
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Sulfosuccinate Market: Regional Outlook, Growth, Trend, Industry Share & Forecast Report

Decresearch has recently published a study titled ‘Global Sulfosuccinate Market Research Report’. In this report, analysts have provided a detailed evaluation of the global sulfosuccinate market. The report is inclusive of a completely comprehensive study of the sulfosuccinate Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

A highly methodical quantitative as well as qualitative analysis of the global sulfosuccinate market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a Porter’s five force model, in tandem with the SWOT analysis and PESTEL analysis of the sulfosuccinate market.

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The report covers various areas such as sulfosuccinate market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape. 

Geographically, Asia Pacific sulfosuccinate market is projected to register an annual growth rate of 6.5% over the period of 2016 to 2024. The growth can be attributed to the increasing disposable income of the consumers and the expanding pharmaceutical and personal care industries. India and China will contribute majorly towards the APAC industry growth.

Europe led the global landscape and is expected to strongly influence sulfosuccinate industry growth over the coming seven years, owing to the heavy manufacturing of cosmetics and personal care products across this region. UK and France are estimated to be the major revenue pockets.

North America sulfosuccinate market size worth more than USD 55 million in 2015, is forecast to grow considerably over the years to come, primarily driven by increasing investment in the pharmaceutical sector and rise in the number of shale gas exploration activities carried out across the region. U.S. will be the major regional revenue contributor.

In-depth table of contents @ https://www.decresearch.com/toc/detail/sulfosuccinate-market

The market is highly competitive with industry giants having a strong presence in the business space. Mergers & acquisitions, strategic partnerships, and regional & capacity expansion will be the major growth strategies of the players over the years to come. Key market participants include Stepan Company, Huntsman Corporation, MFG Chemical, Inc., and The Dow Chemical Company.

The rapid industrialization and growth in the infrastructural development across the globe will be the prominent factor to boost sulfosuccinate market. In addition, the product will witness heavy demand pertaining to its usage across restaurants, offices, food processing plants, and metal working industries for cleaning purposes. Speaking of cleaning, sulfosuccinate industry from industrial cleaners collected a revenue of USD 30 million in 2015 and will exhibit a significant growth rate over the years ahead. The implementation of stringent rules and regulations regarding environmental and industrial safety will impel sulfosuccinate industry growth. In addition, the growing awareness among the public regarding the importance of personal hygiene and health will also boost the market trends.

Sulfosuccinate Market revenue will exhibit a remarkable growth over the period of 2015 to 2024, owing to its increasing demand across pharmaceuticals and personal care industries.  Global sulfosuccinate market was worth over USD 284 million in 2015 and is predicted to grow at a rate of 6% over the coming seven years. Cosmetics is one of the foremost industries generating a heavy demand for sulfosuccinates, owing to its excellent hydrating, emulsifying, and dispersing characteristics. The global skin care business with target revenue of USD 150 million by 2024, will build a profitable base for the global sulfosuccinate industry.

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The healthcare sector across the globe has been expanding expeditiously, subject to which sulfosuccinate market from personal care products will experience a remarkable upsurge. The healthcare industry has also been expanding across APAC, which will fuel the regional growth. India and China will be the major contributors of Asia Pacific sulfosuccinate industry, which will register an annual growth rate of more than 6.5% over the period of 2016 to 2024. The growing adoption of a luxurious lifestyle pertaining to the rise in disposable incomes will impel sulfosuccinate market growth over the years ahead.

Rising consumer awareness pertaining to health and hygiene will further enhance worldwide sulfosuccinate based product demand. Beneficial features associated with these products such as low critical micelle concentration and high biodegradability will drive the sales.  However, the environmental concerns regarding the usage, production, and disposal of these products is likely to hinder the industry growth over the years to come.

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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