The global sodium cocoyl glycinate market will expand at 5.0% CAGR during the forecast period 2017 to 2025, states a new study published by Transparency Market Research (TMR). The report highlights that market is likely to gather prodigious growth avenues on the back of significant growth in demand for sulphate-free personal care products from all across the globe.
The new study by TMR gives complete synopsis of various facets that contribute to the growth of the global sodium cocoyl glycinate market during the forecast period 2017–2025. Thus, readers gain inclusive data and analysis of market growth opportunities, drivers, challenges, and restraints.
Sodium cocoyl glycinate, or glycinate, refers to an amino-acid based mild surfactant that is found in liquid or powdered forms. Sodium cocoyl glycinate is mainly incorporated in the manufacturing of sulfate-free products. The product holds different chemical properties including minimum cleanser-induced harm to the skin and high lather formation.
The sodium cocoyl glycinate is in high demand among various companies engaged in the production of various personal care products such as skin care, hair shampoo, shaving cream, and body wash owing to its mild nature. Thus, growing demand for all abovementioned products is expected to create prodigious sales opportunities for vendors operating in the global sodium cocoyl glycinate market in the years to come.
Sodium cocoyl glycinate is gathering traction as an advanced surfactant that causes minimum harm to the skin in comparison to other products that include sulfate. The sodium cocoyl glycinate market is foreseen to gather high expansion avenues on the back of rising product demand from companies engaged in the cosmetic industry.
In recent few years, a novel manufacturing technology that incorporates green chemistry principles is introduced. This factor is projected to create significant growth in production and demand for sodium cocoyl glycinate, and thereby fuel expansion of sodium cocoyl glycinate market in years to come.
Strengthening Production Capabilities: One of Prime Focus of Market Players
Clariant, Ajinomoto Omnichem S.A., Innospec Inc., Galaxy Surfactant, Solvay S.A., Sino Lion (USA) Ltd, Henan Surface Chemical Industry Co Ltd, Guangzhou Tinci Materials Technology Co., Ltd., and Stepan Company are some of the key players from the global sodium cocoyl glycinate market. The presence of significant number of players is indication of fairly competitive landscape of the market. Thus to maintain leading position, companies in the global sodium cocoyl glycinate market are utilizing diverse strategic moves.
Several players working in the global sodium cocoyl glycinate market are focused on strengthening their production capabilities. As a result, they are seen engaged in the establishing new production plants. The tactic is helping enterprises to fulfill the increasing product demand from all across the globe.
Asia Pacific Market to Show Expansion at Rapid Pace
Middle East and Africa, Latin America, Asia Pacific, North America, and Europe are some of the key regions for the global sodium cocoyl glycinate market. Among all regions, North America and Europe are considered prominent regions of the market for sodium cocoyl glycinate.
The sodium cocoyl glycinate market is expected to experience prominent avenues in the Asia Pacific region during the forecast period This growth is attributable to swift economic development, improved spending power of major population, and presence of large customer base in several regional countries including India and China.
Global Sodium Cocoyl Glycinate Market Segmentation
The global sodium cocoyl glycinate market is segmented based on varied key aspects such as application, type, and region. Based on application, the market for sodium cocoyl glycinate is classified into hair care and skin care. In terms of type, the segmentation of sodium cocoyl glycinate market is performed into many parts such as solid/powder and liquid.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Sodium Cocoyl Glycinate Market (Form - Solid/Powder Form, Liquid Form; Application - Skin Care, Hair Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025.”
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