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Sulfosuccinate Market Size in the pharmaceutical applications to grow at 5% CAGR till 2024

Author : Ronak Bora | Published Date : 2019-08-08 

In terms of applications, sulfosuccinate market is segmented into Industrial cleaners, pharmaceutical, paints & coatings, farming, dish washing liquids, leather, personal care products, textiles, polymers, printing, and household detergents & cleaners. Pharmaceutical application will exhibit an annual growth rate of more than 5% over the period of 2016 to 2024, owing to the wide usage of sulfosuccinate as emulsifier and lubricant in syrups and tablets respectively.

Industrial cleaners application worth USD 30 million in 2015, is likely to witness a significant growth over the next few years.  Sulfosuccinate based cleaners are prominently used in food processing plants, transportation vehicle, office buildings, and metal treatment & cleaning.

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Petroleum-based alcohol ether sulfate (AES) can be replaced by bio-based AES in the detergents and the personal care industry, owing to their similar characteristics. This is likely to restrict the business growth. In addition, the product experiences stringent environmental legislations pertaining to its production and transportation. This may further hinder the global sulfosuccinate market share by 2024. However, upcoming product use across oil & gas industry as a surfactant in mature oil reserves has created growth prospects for the industry players.

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.

Sulfosuccinate market share was highly competitive in 2015. The major industry contributors include The Dow Chemical Company, Huntsman Corporation, Stepan Company and MFG Chemicals. These companies have presence across several stages in the industry ecosystem, which the industry competitive.

Glimpse of Table of Content (ToC)

Chapter 3.   Sulfosuccinate 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.    Distribution channel analysis

3.4.   Sulfosuccinate industry impact forces

3.4.1.    Growth drivers

3.4.1.1. Rising personal care product demand

3.4.1.2. Increasing household cleaning & detergents demand

3.4.2.    Industry pitfalls & challenges

3.4.2.1. Drifting focus towards bio-based surfactants

3.4.2.2. Stringent environmental legislations

3.5.   Growth potential analysis

3.6.   Porter's analysis

3.7.   Competitive landscape, 2015

3.7.1.    Strategy dashboard

3.8.   PESTEL analysis

3.9   Regional price trends

3.9.1.    Cost structure analysis

Chapter 4.   Sulfosuccinate Industry Application Insights

4.1.   Global sulfosuccinate market share by application, 2015 & 2024

4.2.   Dish washing liquid

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.   Household detergents & cleaners

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.4.   Industrial cleaners

4.4.1.    Market estimates and forecast, 2013 - 2024

4.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.5.   Personal care products

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

4.6.   Pharmaceutical

4.6.1.    Market estimates and forecast, 2013 - 2024

4.6.2.    Market estimates and forecast, by region, 2013 – 2024

4.7.   Others

4.7.1.    Market estimates and forecast, 2013 - 2024

4.7.2.    Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sulfosuccinate-market

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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.

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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