Methyl Ester Sulfonate Market
Methyl Ester Sulfonate Market (Application - Detergents (Powder and Liquid), Personal Care (Soaps and Hair Care), Dish Wash, and Dyeing Agent) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025
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Global Methyl Ester Sulfonate Market: Snapshot
In the recent past, methyl ester sulfonate has emerged as a strong substitute for conventional fossil-based surfactant such as linear alkyl benzene sulphonates (LAS). Manufactured by sulfonation of saturated fatty acid methyl esters, the cost of this chemical compound with the general structure of RCH(CO2Me)SO3Na is considerably lower than that of any other sulfactant. Consequently the market for the same is flourishing. According to this business and commerce study, the demand in the global methyl ester sulfonate market will expand at an impressive CAGR of 11.0% during the forecast period of 2017 to 2025. As far as revenue is concerned, the analysts of the report have evaluated that the opportunities in the global methyl ester sulfonate market constituted for US$454.8 mn in 2016. The worth of the global market for methyl ester sulfonate market is projected to reach up to US$1,155.0 mn by 2025.
Growing demand for sustainable and biodegradable products, easy availability of raw materials, and low cost of the compound are some of the key factors driving the demand in the global methyl ester sulfonate market, replacing LAS. On the back of global warming concerns, a number of governments are promoting the methods that help in reducing carbon footprint, which is expected to reflect positively over this market.
Detergents and Personal Care Key Application Segments
Application-wise, the methyl ester sulfonate market is segmented into detergents, personal care, dish wash, and others. The others segment includes emulsifier agent for the plastic industry, dyeing agent, pigment, release agent of rubber product, wetting agent, dye of the printing and dyeing industry, and dispersant of agricultural chemicals. Out of all these segments, the methyl ester sulfonate market is primarily gaining demand as the formation detergents. Detergents segment is anticipated to remain attractive throughout the forecast period due to the increase in demand for household cleaning products including dish washing and washing laundry. By the end of 2025, the detergent application segment of the global methyl ester sulfonate market is estimated to provide 68.9% of the total demand. Powder detergents are mostly used by the developing regions for washing purposes and the cleaning applications while the liquid detergents utilize the liquid detergents for the laundry purposes. Personal care products include the soaps, hair care, and others segment. MES is used in for the manufacturing of soaps and detergents because it has good calcium tolerance, and thus, greater detergency and less sensitivity to water hardness than other anionic surfactants.
Europe to Sustain its Position as Most Lucrative Region until 2025
Europe is a key region for the vendors operating in the methyl ester sulfonate market, providing for more than 35% of the overall demand as of 2016. Within Europe, Germany has been identified as the most lucrative country-wide market, which was a result of strong demand from the personal care industry. Europe is followed by North America as the most lucrative region, with the U.S. providing for nearly three quarters of the total demand. On the other hand, with its emerging economies and quickly growing manufacturing facilities, Asia Pacific is primed to progress as another profitable region in the years to come. The Asia Pacific has the highest cultivation of the palm oil as a region, which is the raw material for the synthesis of the methyl ester sulfonate. This, in turn, triggers the market of the methyl ester sulfonate in the Asia Pacific region.
KLK OLEO, Stephan Company, Lion Corporation, Chemithon Corporation, Wilmar International Ltd., Guangzhou Keylink Chemical Co., Ltd., Guangzhou Lonkey Industrial Co Ltd., Sinopec Jinling Petrochemical Co., Ltd., and K2 Industries are some of the key companies in the global methyl ester sulfonate market.
Rapid Rise in the Demand of Detergent Powders and Soaps to Strengthen the Growth Prospects of the Methyl Ester Sulfonate Market
The methyl ester sulfonate market is extrapolated to gain substantial growth across the assessment period of 2017-2025. The escalating demand for eco-friendly ingredients in all the products is expected to bring tremendous growth opportunities for the methyl ester sulfonate market.
- Methyl ester sulfonate, abbreviated as MES belongs to the class of anionic surfactants derived from oleochemicals feedstock through the sulfonation of saturated fatty acid methyl ester. These sulfonates are extensively used in the manufacturing of detergent soaps and powders. They are produced from renewable plant sources.
- The increasing demand for detergents and soaps across numerous regions will bring promising growth for the methyl ester sulfonate market. The rising disposable income and the increased purchasing power parity of a large chunk of the individuals may further propel the growth of the methyl ester sulfonate market.
- The utilization of methyl ester sulfonate across other personal care products such as shampoos and soaps will increase the growth rate to a substantial extent. The rising urbanization across numerous regions will lay a red carpet of growth. Washing machines have emerged as a feasible option for many individuals due to their quick washing capabilities. The rising sales of washing machines are directly proportional to the escalating demand for detergents, eventually leading to an increase in the growth rate.
- The novel coronavirus pandemic has affected the growth of the methyl ester sulfonate market to a considerable extent. The strict lockdown restrictions imposed by various countries led to the closure of production units and manufacturing facilities. These aspects ruined the growth prospects of the methyl ester sulfonate market substantially.
- The relaxations in lockdown restrictions announced by the government bodies of numerous countries to bring the economy on track will serve as a golden growth opportunity for the methyl ester sulfonate market.
Global Methyl Ester Sulfonate Market: Overview
Methyl ester sulfonate, also known as MES, is a group of anionic surfactants which is derived from renewable resources such as natural fats and oils. MES has a general structure RCH(CO2Me)SO3Na. MES can be made by the sulfonation of saturated fatty acid methyl esters, RCH2CO2Me derived from natural fats and oils. It has high detergency and calcium ion stability. MES has attractive biological properties such as low toxicity and easy and rapid degradation, as compared to other surfactants. Other properties of MES include good solubility, resistance to hard water, little stimulation to skin, and high frothing ability. The raw materials used for the production of the methyl ester sulfonate is the palm oil, so the cost is low compared to the other surfactants.
Global Methyl Ester Sulfonate Market: Scope of the Study
The report estimates and forecasts the Methyl Ester Sulfonate market on the global, regional, and country levels. The study provides forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2016 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the Methyl Ester Sulfonate market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Methyl Ester Sulfonate market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Methyl Ester Sulfonate market and global average price trend analysis.
The report includes Porter’s Five Forces Model to determine the degree of competition in the Methyl Ester Sulfonate market. It comprises qualitative write-up on market attractiveness analysis, wherein products, processes, applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw Process availability, profit margin, impact strength, Application, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for Methyl Ester Sulfonate between 2017 and 2025.
Global Methyl Ester Sulfonate Market: Research Methodology
The study provides comprehensive view of the Methyl Ester Sulfonate market by dividing it into application and geography. The Methyl Ester Sulfonate market has been segmented by application into Detergents, Personal care, Dish Wash, and Others.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
Global Methyl Ester Sulfonate Market: Regional Outlook
Regional segmentation includes the current and forecast of Methyl Ester Sulfonate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., France, Germany, the U.K., China, India, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes amount of Methyl Ester Sulfonate consumed by application in all the regions and countries.
Global Methyl Ester Sulfonate Market: Competitive Outlook
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players in the Methyl Ester Sulfonate market are KLK OLEO, Stephan Company, Lion Corporation, Chemithon Corporation, Wilmar International Ltd., Guangzhou Keylink Chemical Co., Ltd., Guangzhou Lonkey Industrial Co Ltd., Sinopec Jinling Petrochemical Co., Ltd., and K2 Industries. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
The Methyl Ester Sulfonate market has been divided into the following segments.