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Dobanic Acid Market Share 2024 - What Are The Main Factors That Contributing Towards Industry Growth?

Author : Ronak Bora | Published Date : 2019-05-31 

Dobanic Acid Market Report added by Global Market Insights, Inc. offers industry size, share, growth, trends and forecast analysis up to 2024. The market report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global dobanic acid industry and provides information regarding the revenue for the period 2018 to 2024.

Based on the end-user industries, the global dobanic acid market is classified into personal care, paints & coatings, automotive care and cleaning and furnishing. In personal care, the product finds its uses in the cleansing creams and lotions. The automotive industry is growing at an exponential rate owing to rising disposable income of people in the developing regions such as Asia Pacific and Latin America. Increasing standard of living of people, developing infrastructure and purchasing power parity is driving the automobile industry which in turn is fueling the product demand in the automobile care industry. These factors are likely to lead the global dobanic acid industry to new heights.

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Global Dobanic Acid Market Size will witness healthy gains in coming years owing to its wide use as an efficient detergent in cleaning industry. The compound belongs to the surfactants class and is popularly known as lauryl benzenesulfonic acid, dodecyl ester, dodecyl benzene sulfonic acid or benzenesulfonic acid.

Dobanic acid market is highly driven by the cleaning industry. The global cleaning industry was valued close to USD 60 billion in 2016 and is anticipated to grow at a decent rate in the forecast period. Cleaning industry refers to a large variety of domestic and commercial cleaning products. Domestic refers to cleanings done in homes and apartments while commercial includes factories, warehouses, shops, government facilities, malls, schools, airports, and others. These factors are driving the dobanic acid industry on a large scale.

Dobanic acid market is also driven by the furnishing industry. Increasing number of houses is fueling the demand for the furnishing industry on a large scale. Developing countries are going through huge infrastructural advancements. New and well developed housing projects are being carried out in the regions of Asia Pacific, Latin America, and Africa. These developing regions have a huge market for residential construction which in turn will boost the demand for furnishing industry. This will further create new opportunities for dobanic acid industry in the coming years.

Based on applications, the global dobanic acid market can be segmented into processing aid, surfactant, plating, chemical intermediate, wetting agent, paraffin inhibitor, dispersant, foamer, and others. The product finds its use as a processing aid to reduce plasticity in other ingredients and improve the mold flow. As a surface-active agent or surfactant, the product finds its use in to lower the surface tension between two liquids or between a sold and a liquid and exhibits the properties of a detergent, dispersant, foaming agents, emulsifier, and wetting agent.

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The global dobanic acid market can be bifurcated on the basis of regions as Asia Pacific, Europe, North America, Latin America and Middle East & Africa. The product market in the developed regions of Europe and North America is mature and well developed. Due to increasing use of detergents for commercial as well as industrial use, North America hold a major chunk of the global dobanic acid industry share. Europe holds a significant market share and is likely gain steadily in the forecast period owing to a well-developed cleansing industry in this region.

Major players operating in the global dobanic acid market include Sigma-Aldrich, Kao Corporation, Upichem, Marketing Chemicals, Graham Chemical, Enaspol a.s., Dada Surfactants and Henan Provail Chemplant.

 

About Global Market Insights:

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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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 sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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