Alpha Olefin Sulfonate (AOS) Market by Analysis, by Production, Revenue, Gross Margin and Trends 2030
The Alpha Olefin Sulfonate market is projected to reach USD 479.7 million by 2030, at a CAGR of 2.3% from USD 399.9 million in 2022. High demand for cleaning products, rising awareness for workplace and personal hygiene along with biodegradability property is driving the demand for alpha olefin sulfonates. The global demand for alpha olefin sulfonates from various applications including detergents, shampoos, bar soap, and others is expected to increase during the forecast period.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=248443464
Market Dynamics
Driver: High Demand for Cleaning Products
The demand for cleaning products such as shampoos,
soaps, face wash, and detergents are high resulting in increased demand for
alpha olefin sulfonate used as surfactant. Alpha olefin sulfonate has high
foamability and compatibility with skin and fabrics resulted in becoming the
key ingredient in detergent and cosmetic sector. It is free from skin irritants
which makes alpha olefin sulfonate as the preferred feedstock for premium
quality shampoos, soaps and body wash. Due to high pH stability, it generates
additional demand over other types of sulfonates such as lauryl sulfates and
lauryl ether sulfates.
Restraints: Government and Environmental
Regulations
Surfactants produced from petrochemicals undergo
various chemical processes that release toxic wastes and gases. These chemicals
can cause environmental and health concerns. Therefore, various regulations are
imposed by government agencies such as the United States Environmental
Protection Agency (USEPA) and Registration, Evaluation, Authorization, and
Restriction of Chemicals (REACH) to address them. These agencies map and
monitor the toxicity levels to keep it within the permissible level. The
stringent regulations restrict the growth of the overall alpha olefin sulfonate
market.
Opportunities: Increasing Demand from healthcare
and hospitality industries
Cleaning plays a very important role in the growth
and performance in industries such as healthcare, hospitality, and retail. In
these sectors, there is direct client interaction; thus, these industries
focused on ensuring cleanliness. In manufacturing, automotive, and food
processing industries, better hygiene not only results in quality products but
is also safe for the worker’s health, which helps in improving productivity.
All these industries are projected to grow at a positive rate, which is
expected to drive the demand for surfactant used in these products resulting in
growth of alpha olefin sulfonate.
Challenges: Changes in Consumer Behaviour due to
Impact of COVID-19
Due to the current Covid-19 scenario, people are
more concern about the ingredients, the performance and the effectiveness of
any cleaning products. Consumers are getting more educated on which product can
be the best for the use, hence gaining customer loyalty can be a big challenge.
Innovation and development of new and effective products to gain customer trust
and attract customers by advertising and marketing can be a way to reinforce
market presence. The market players are gradually shifting to green and
bio-based surfactant considering the environmental and health concerns which
can be a challenging. Products such as
hand wash, soaps and detergents need to be more effective in performance in
order to build a strong brand name.
Speak to our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=248443464
“Blend C14-C16 was the largest type
of Alpha Olefin Sulfonate market in 2021, in terms of value”
Blend C14-C16 also called as Sodium
C14-16 olefin sulfonate is the highest consumed type of AOS. It is an anionic
surfactant mainly used in skin care and hair care cleansers. It is also used as
a key ingredient in laundry care and dish washer detergents. It is a mixture of
long chain sulfonate salts produced by sulfonation of C14-16 alpha olefins.
“Detergents was the largest
application for Alpha Olefin Sulfonate market in 2021, in terms of value”
Detergent is the largest market for
AOS. Detergents are used in a wide variety of applications, including laundry
detergents & soaps, and dishwasher detergents & soaps. AOS used in
detergent help remove oil, dirt, and unwanted particles from fabrics, dishes,
and other surfaces. AOS not only remove the dirt and unwanted particles, but
also keep them suspended during washing, resulting in a cleaner surface. AOS
are mainly used in the soap & detergents industry due to their properties,
such as surface tension reduction, emulsion, and dispersion. The demand for
innovative detergents, which are sustainable, water-efficient, and high on
performance, is increasing.
“Asia Pacific was the largest market
for Alpha Olefin Sulfonate in 2021, in terms of value.”
The personal care industry in the
Asia Pacific region is flourishing due to rise in the number of working women,
increased spending of masses on products such as shampoo, bubble soap and bar
soap, and growth of young population in the region. Increasing population,
improving the standard of living of masses, and rising e-commerce activities
have led to increased demand for personal care products in the Asia Pacific
region. Emerging economies such as China and India are high-growth markets for
skin care, and hair care in the Asia Pacific region, owing to the economic growth
of these countries and increased consumers spending on cosmetic products in the
region.
Key Market Players
The key players in this market
Clariant AG (Switzerland), Stepan Company (US), Solvay S.A. (Belgium)v,
Innospec (US), Pilot Chemical Company (US), Nouryon (Netherland), Nirma Limited
(India), Kao Corporation (Japan). Continuous developments in the
market—including new product launches, mergers & acquisitions, agreements,
and expansions—are expected to help the market grow. Leading manufacturers of Alpha
Olefin Sulfonate have opted for new product launches to sustain their market
position.
Read More Insights At https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-sulfonate-market-192720814.html
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment