Secondary Alkane Sulfonate (SAS) Market to see 5% growth to 2024

Secondary Alkane Sulfonate (SAS) Market to see 5% growth to 2024

Major industry players in secondary alkane sulfonate market include Lanxess AG, Clariant Corporation, The WeylChem Group, Acar Chemicals, Rajvin Chemicals and BIG SUN Chemical Corporation

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SELLBYVILLE, Del., August 3, 2018 /PRNewswire-iReach/ -- The world forecast report says, "Secondary Alkane Sulfonate Market is predicted to be valued USD 1.3 billion by 2024. 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 secondary alkane sulfonate market 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 secondary alkane sulfonate 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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Industrial cleaners will hold gains over 4% CAGR by 2024. Rapid industrialization along with detergents demand for oil and grease stains removal will propel the secondary alkane sulfonate market across the globe.

In 2016, Asia Pacific secondary alkane sulfonate market held share over 40%, particularly led by India and China. Growing population, rapid urbanization & industrialization, rising consumer mindfulness for cleanliness and mounting regional food & beverage business will boost Asia Pacific secondary alkane sulfonate market in the coming years. North America is probable to witness moderate gains up to 3.5% CAGR over the forecast period.

Escalating regional customer base for the personal care segment will fuel the industry growth by 2024. The SAS is popularly used in the cosmetic products like shampoos, shaving cream and bar soaps owing to its moisturizing, emulsifying and foaming traits. This represents brighter growth trends for the product in the coming years.

Buy this industry insights spread across 100 pages with 88 market data tables & 11 figures & charts from the report, "Secondary Alkane Sulfonate (SAS) Market Size By Application (Dish Washing Liquids, Household Detergents & Cleaners, Industrial Cleaners, Personal Care Products), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:

Chapter 3.  Secondary Alkane Sulfonate (SAS) Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers         Robust household detergents demand

3.4.2.     Industry pitfalls & challenges         Stringent government regulations

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Porter's analysis

3.8.  Competitive landscape, 2016

3.8.1.     Strategy dashboard

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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