Sodium Cocoyl Isethionate Market
Sodium Cocoyl Isethionate Market (Form - Needles, Powder Granules; Application - Hair Care, Skin Care, Oral Care, Baby Care) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
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Global Sodium Cocoyl Isethionate Market: Snapshot
Sodium Cocoyl Isethionate (SCI) is a mild surfactant used widely in the personal care industry. It is categorized under the segment of anionic surfactants, which occupies a minor share in the global surfactants market. Owing to its properties such as more foam formation, mildness, good moisturizing effect, and less skin irritation, SCI considered crucial in products such as soaps, shampoos, and a variety of baby-care products. It is available in powder, needle, and granular forms.
The global personal care industry has witnessed expansion at highly promising pace across developed as well as developing economies in the past few years. With the demand for less irritable and green products rising at a rapid pace, the uptake of SCI in the personal care sector has witnessed a massive rise in the recent years. The usage of SCI in Unilever’s highly popular Dove soap, which became one of the first kinds of cleansers in the market to carry a high moisture mark and became immensely popular among all demographics, marked a major milestone for this market. More such products have since appeared in the global market and have upped the importance of SCI in the personal care industry.
In the report, Transparency Market Research estimates that the global sodium cocoyl isethionate market will exhibit a promising CAGR of 5.3% from 2017 to 2025, rising from a valuation of US$125.1 mn in 2016 to US$197.4 mn by 2025.
Skin Care Products to Continue to Remain Leading Consumers of SCI
In terms of application, the usage of SCI in hair care is found across products such as shampoos, conditioners, hair colorants, hair treatment products, hair styling products. Skin care products using SCI include shower gels, soaps and cleansers, shaving foam, bubble baths. Apart from these, several oral care and baby products also utilize varying quantities of SCI. Consumption of SCI in skin care accounted for more than 40% of the total global consumption in 2016. This trend is expected to continue during the forecast period. The skin care segment is followed by hair care, oral care, and baby care products.
At present, companies involved in the production of skin care products are placing high importance on extra smoothening effect of the products on skin. Thus the demand for SCI due to its mild nature is high. Sulfate-free shampoo under the hair segment is also among the widely researched applications in the present market and therefore, shampoos occupy the largest share under the hair care applications of SCI. Soaps and cleansers, which come under skin care, are presently the leading contributors to the market, followed by products such as shower gels and shaving foams.
North America and Europe to Retain Dominant Spots with Steady Growth Prospects
North America and Europe, together, accounted for more than 40% of the global market for SCI in 2016. This is due to the high awareness regarding and close attention paid to the effectiveness, safety, and other qualitative aspects related to the ingredients used in personal care ingredients in these regions. Presence of some of the leading producers of personal care products in these regions is also expected to work in favor of the market for SCI.
While the market in Asia Pacific presently holds a minor share in the overall market, it could go on to acquire a prominent position in the global market over the report’s forecast period owing to the thriving personal care industry and increased demand for premium products from the increasingly affluent middle class population in the region. The market in Asia Pacific is anticipated to register a highly promising CAGR of 5.2% over the forecast period.
Leading companies operating in global SCI market include Innospec Inc., Clariant International, BASF SE, Huanggang Yongan Pharmaceutical Co., Ltd., Galaxy Surfactants, AkzoNobel N.V., Jeen International Corporation, KIYU New Material Co., Ltd., and Henan Surface Chemical Industry Co Ltd. Prominent customers of SCI in the global market include Unilever, Procter & Gamble Co., Shisiedo, L’Oreal, and Estee Lauder
Increased Awareness about Personal Health to Drive Global Sodium Cocoyl Isethionate Market
As a flexible and gentle primary surfactant that offers excellent and stable lather in both solid and liquid formulations, sodium cocoyl isethionate is extensively used in several products. It is a biodegradable substance derived from oils containing fatty acids, like coconut oil. There are different types of this product available in the marketplace, such as granules, powders, and needles of sodium cocoyl isethionate. Given its ability to allow water to be mixed with dirt and oil, it is increasingly being used as surfactant in personal care items, leaning and cosmetics products as well. Items such as shaving foams, conditioners, body wash, tonics, shampoos and so on. Such extensive use of the product is likely to support growth of the global sodium cocoyl isethionate market. This substance serves as a direct replacement for animal-based sodium tallowate.
In addition, isethionate surfactants have been able to expand its applicability in creams and lotions, and bars for cleaning. Rising product demand from the textiles industry along with rapid urbanization across the globe is likely to trigger growth of the global sodium cocoyl isethionate market in the coming years. In the textile industry, it is widely utilized as a synthetic detergent bar. Increased understanding of people's sanitation and wellbeing is also a major consideration that is likely to cause demand for detergents and soaps. This factor is likely to have a notable effect on the overall growth of the global sodium cocoyl isethionate market in near future.
Rising Demand for Use in Personal Care and Cosmetic Products to Boost Market Growth
With sustainability developing as a crucial component in shaping the decisions and choices of customers, sodium cocoyl isethionate is widely used in product formulations by the personal care industry. This actively positions these goods as zero waste manufacturers. Rising consumer understanding of the ingredients included in cosmetics and personal care products has led to the development of demand for natural alternative solutions to sulphate surfactants. The latter is increasingly being connected to cause allergies and skin irritations. Owing to its excellent frothing and cleaning capabilities and mild nature, qualities that are foreseen to drive its demand in the market in near future.
Global Sodium Cocoyl Isethionate Market: Overview
Sodium Cocoyl Isethionate (SCI) is a type of anionic surfactant used in personal care industry. The global sodium cocoyl isethionate market is segmented by form and application. By form, SCI is found to be in needle, powder or granule form, out of which needle or flake form occupies the greatest market share. Sodium cocoyl isethionate finds its application in hair care, skin care, oral care and baby care products. Among its applications, skin care accounts for a major share due to rising trend for sulfate-free products and finished products with less irritation to the skin.
Producers of SCI are also producing blends of mild surfactants containing sodium cocoyl isethionate in order to make this expensive product reasonable without compromising on its efficiency. Major demand for SCI lies in the developed regions such as North America and Europe. Under North America, the U.S. has been observed to be a major market as it houses personal care product manufacturing plants of leading players offering sodium SCI in their final products.
Global Sodium Cocoyl Isethionate Market: Scope of Study
This report analyzes and forecasts the market for Sodium Cocoyl Isethionate at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global sodium cocoyl isethionate market. It also covers impact of these drivers and restraints on demand for sodium cocoyl isethionate during the forecast period. The report also highlights opportunities in the sodium cocoyl isethionate market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global sodium cocoyl isethionate market. Porter’s Five Forces model for the sodium cocoyl isethionate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness. Asia Pacific is anticipated to grow the fastest CAGR.
Global Sodium Cocoyl Isethionate Market: Market Segmentation
The study provides a decisive view of the global sodium cocoyl isethionate market by segmenting it in terms of form of Product such as needle, powder and granule. These segments have been analyzed based on present and future trends. The study also provides segmentation of sodium cocoyl isethionate market based on the applications such as skin care, hair care, baby care and oral care. Regional segmentation includes current and forecast demand for sodium cocoyl isethionate in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa.
The report provides the actual market size of sodium cocoyl isethionate for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of sodium cocoyl isethionate has been provided in terms of volume and revenue. Market volume has been defined in tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key applications of sodium cocoyl isethionate. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Sodium Cocoyl Isethionate Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, investor presentations, ICIS, Factiva, European Cosmetics Council, The European Chemical Industry Council (CEFIC), Association for Soaps, Detergents and Maintenance Products (AISE), Journal of Surfactants and Detergents (JSD), American Chemical Society (ACS), Chemical Watch, statistical databases, trade journals, market reports, news articles, press releases, webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Sodium Cocoyl Isethionate Market: Competitive Landscape
The report comprises profiles of major companies operating in the global sodium cocoyl isethionate market. Key players include Major companies operating in global SCI market include Innospec Inc., Clariant International, BASF SE, Huanggang Yongan Pharmaceutical Co., Ltd., Galaxy Surfactants, AkzoNobel N.V., Jeen International Corporation, KIYU New Material Co., Ltd., TAWIWAN NJC CORPORATION, Henan Surface Chemical Industry Co Ltd., among the others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global sodium cocoyl isethionate market has been segmented as follows: