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Asia Pacific Sodium cumenesulfonate market is expected to showcase significant growth over 2020-2026

Author : Ravi Chawat | Published Date : 2021-04-01 

Sodium cumenesulfonate uses in the chemical industry will exceed an annual revenue of over USD 2,170 thousand revenue through 2026. This is due to the growing usage of the compound in the generation of several additives, wax cleaners, as well as fracturing fluids. The increasing activities across the chemical sector in the Asia Pacific and North America is another impact rendering factor for the market.

Asia Pacific accounts for a higher rate of chemical production, hence, is home to one of the established chemical industries in the world. This sodium cumenesulfonate market is anticipated to strike a 5% CAGR up to 2026 based on the rising availability of detergents and metal products. The consistently growing regional population along with their hiked income levels and improved lifestyle patterns has indicated some promising opportunities to the detergent suppliers in the region.

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Developments in the oil exploration and production sector will positively influence the sodium cumenesulfonate market through the next few years. This can be owed to the growing adoption of the chemical compound in drilling and completion fluids across the exploration activities.

Sodium cumenesulfonate, also popular as sodium 2-isopropylbenzenesulfonate acts as a primary emulsifier in the preparation of several emulsifiable lubricating compositions. These formulations are further employed across cutting and hydraulic fluids, as well as metalworking lubricants. Owing to this, there is an optimum presence of a diverse variety of sodium cumenesulfonate concentration products for the end-users.

It has been estimated that the global sodium cumenesulfonate market size could cross USD 62 million in annual valuation by 2026.

The liquid sodium cumenesulfonate market held a major revenue share in the past few years and its value is expected to rise at a 4.5% CAGR through 2026. This can be attributed to the extensive utilization of this compound across numerous end-user verticals.

Sodium 2-isopropylbenzenesulfonate, when in the liquid state, finds adoption in heavy-duty laundry and light-duty liquid detergents, rinse aids, automatic dishwashers, industrial cleaners, as well as metal preparation & working. The expansion of the liquid laundry detergent sector in the Asia Pacific and Latin America will further add impetus to the demand for sodium cumenesulfonate in detergents.

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Sodium 2-isopropylbenzenesulfonate industry share from the anti-caking application is estimated to reach more than USD 5,640 thousand over the coming years. Anti-caking agents are placed in granulated or powdered materials to facilitate easy transportation, flowability, packaging, and consumption of the components besides limiting the formation of lumps. On this note, the agents are excessively adopted in powder detergents and some other products. Furthermore, the surge in consumption of powder detergents across the Asia Pacific region has paved the way for advanced laundry washing options.

Sodium cumenesulfonate market are working towards various marketing strategies like partnerships, mergers, acquisitions, and product launches to expand their global visibility besides sustaining competition. For instance, in March 2018, Stepan Company, acquired BASF Mexicana S.A. DE C.V. to increase its presence in the Mexican market and broaden its product portfolio for surfactants.

The ongoing COVID-19 pandemic could have also significantly influenced the industry forecast to some extent. Wuhan Bright Chemical Ltd., Taiwan NJC Corporation, Yashdeep Chemicals Ltd., Nease Corporation, Nandadeep Chemicals Ltd., and Kuantum Corp. are some of the other global firms in the business.

Get More News:

https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2020/04/01/2010390/0/en/Titanium-Dioxide-Market-is-slated-to-surpass-27-billion-by-2026-Says-Global-Market-Insights-Inc.html

 

 

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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