The methyl ester sulfonate market has experienced robust growth, expanding from $1.18 billion in 2023 to $1.34 billion in 2024, at a CAGR of 13.6%. This growth is fueled by the rising demand for biodegradable cleaning products, increased utilization in personal care and detergent applications, and a growing need for surfactants and soaps. The market is projected to reach $2.25 billion by 2028, growing at a CAGR of 13.8%. Key drivers of this anticipated growth include heightened awareness of environmental and health issues, government incentives, demand for natural ingredients, and an uptick in the pharmaceutical sector. Significant trends during this period will include advancements in production techniques and the utilization of bio-based raw materials.
Major Driver In The Methyl Ester Sulfonate Market
The growing demand for personal care products is projected to significantly propel the methyl ester sulfonate market. Personal care items, designed for hygiene and grooming, are increasingly sought after as consumers prioritize health and wellness. Methyl ester sulfonate is commonly used in shampoos, soaps, and skincare products due to its gentle properties and ability to create stable foams. According to the U.S. Department of Commerce, beauty and personal care product sales in China reached $88 billion in 2021, reflecting a 10% increase from the previous year. This rising demand for personal care products is advancing the methyl ester sulfonate market.
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Methyl Ester Sulfonate Market Competitive Landscape
BASF SE, Wilmar International Ltd., The Dow Chemical Company, Thermo Fisher Scientific Inc., Henkel AG & Co. KGaA, Evonik Industries AG, Solvay S.A., Kao Corporation, Musim Mas Holdings Pte Ltd, Wacker Chemie AG, Nouryon, Clariant AG, KLK OLEO Group, Lion Corporation, Stephan Company, Croda International Plc, Godrej Industries Limited, Vantage Specialty Chemicals Inc., Emery Oleochemicals, Fenchem Inc., Oleon NV, P&G Chemicals, Chemithon Corporation, Berg+Schmidt GmbH & Co. KG, Pilot Chemical Company
Key Methyl Ester Sulfonate Market Trend
Companies in the methyl ester sulfonate market are innovating with sulfate-free anionic surfactants to meet the rising demand for environmentally friendly alternatives to traditional surfactants. These sulfate-free surfactants are gentler on skin and hair while effectively removing dirt and oil. In August 2022, KLK OLEO, a Malaysia-based oleochemical provider, launched SYMPARE Methyl Ester Sulfonates (MES) for the personal care sector. This new surfactant boasts a high natural origin index and complies with ISO 16128 standards as a derived natural ingredient. SYMPARE represents an environmentally sustainable option compared to conventional petroleum-derived surfactants and is listed in the CleanGredients database, aligning with the EPA’s Safer Choice Standard.
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Methyl Ester Sulfonate Market Segmentation
The methyl ester sulfonate market covered in this report is segmented –
1) By Type: Sodium Methyl Ester Sulfonate, Calcium Methyl Ester Sulfonate, Other Types
2) By Form: Liquid, Powder, Flakes
3) By Application: Detergents, Personal Care, Dish Wash, Industrial And Institutional Cleaners, Laundry, Textile Industry, Other Applications
By Geography:The regions covered in the methyl ester sulfonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the methyl ester sulfonate market in 2023.
The Methyl Ester Sulfonate Global Market Report 2024 furnishes information about the global methyl ester sulfonate market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
