Sulfosuccinate Market by Type (Diester, Monoester), Raw Material (Maleic Anhydride, Isoocatanol, Others), Application (Petrochemical, Pharmaceutical), Region- Growth, COVID-19 Impact, Trends and Forecasting Till 2030

Market Overview:

Global Sulfosuccinate market size is estimated at 485 USD Million by 2028 and is anticipated to grow at a CAGR of 5.2% during the projected time frame (2021-2028). Sulfosuccinate is a co-surfactant which is mild and compatible with anionic, amphoteric, or non-anionic surfactants. It has applications in baby and skin care products as well as in detergents. It is also used as second emulsifier and has good cleansing and foaming properties. Sulfosuccinate is widely used in cosmetics and personal care end-use industries.

Dynamics of Market:

Drivers:

Increasing demand for personal care products is the major factor driving the market growth. Growing health and well being industry is expected to augment the demand for detergents, which will ultimately contribute to sulfosuccinate market growth during the forecast period.

Restraints:

The availability of alternative products with similar properties such as bio-based products, regulatory and environmental safety challenges related to production, packaging, transport, use and disposal of products and mining and drilling applications can restrain the market growth during the forecast period.

COVID-19 Impact on the Sulfosuccinate Market:

The pandemic is expected to have a moderate impact on market growth. The increasing number of COVID-19 cases and worldwide spread of the virus has raised consumer awareness about hygiene and clean environment. This augmented the demand for cleansing and hygiene products, which contribute to the demand for sulfosuccinate during the pandemic. Growing consumer demand and supply chain shortage created disruptions in the market. However, this shifted consumer behavior towards cleaning and hygiene is expected to stay post-pandemic, thus, accelerating the market demand during the forecast period.

TABLE 1: GLOBAL MARKET SCOPE

Market Segmentation of Sulfosuccinate Market

Type of Sulfosuccinate Market

By type, the sulfosuccinate market is classified into diester and monoester. The monoester segment is expected to hold the largest market share during the forecast period. The segment growth can be because monoester sulfosuccinate reduces the nanoparticle size and is ideal for applications in personal care industry.

Raw Material of Sulfosuccinate Market

By raw material, the sulfosuccinate market is classified into maleic anhydride, isoocatanol, and others. The maleic anhydride segment is expected to dominate the market during the forecast period. Maleic anhydride has low environmental hazards and low hazard profile. It has applications in industrial applications such as curing agents, artificial sweeteners, plastics & resins, and personal care industry such as floor polish, adhesives, and hair sprays. It is also used in insecticides, pesticides, and other co-polymers. Thus, increasing demand from these applications is expected to drive the segment growth during the forecast period.

Application of Sulfosuccinate Market

Application, the sulfosuccinate market is classified into petrochemical and pharmaceutical. The pharmaceutical is estimated to observe significant growth during the forecast period. The segment growth can be because sulfosuccinate is used in production of tables as an excipient and lubricant, and as an emulsifier in syrups. Increasing demand for medicine due to rising worldwide healthcare concerns is expected to contribute to segment growth.

Global Regional Analysis of Sulfosuccinate Market: North America to Hold a Lion’s Share

By region, the global Sulfosuccinate Market has been classified by North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the largest market share during the forecast period. The regional market growth can be attributed to growing pharmaceutical industry, growing cleaning industry and presence of major market players in the U.S. Growing shale gas production which requires sulfosuccinate for mining and drilling is also expected to contribute to regional market.

Market Segmentation

By Type:

• Diester
• Monoester

By Raw Material:

• Maleic Anhydride
• Isoocatanol
• Others

By Application:

• Petrochemical
• Pharmaceutical

By Region:

• North America
• Europe 
• Asia Pacific
• Middle East & Africa 
• South America 

Key Companies listed

The major companies listed in the Sulfosuccinate market are The Dow Chemical Company, Dupont, Huntsman Corporation, MFG Chemical, LLC., Clariant AG, Evonik Industries Inc., Stepan Company.

These companies are span over North America, Europe, South America, and Asia Pacific markets, which empowers it to consider clients across the globe. The company’s leading position in the Sulfosuccinate Market is endorsed by its wide product portfolio.

Report Highlights:

•          Complete overview of market

•          Major drivers, restrain, opportunities, and challenges of the market

•          Market Trends and how they are boosting the market growth

•          Changing dynamics in the Market

•          Complete overview of the market

•          Historical, Base year, projected, and current market size in terms of value and volume

•          COVID-19 Impact analysis of the market

•          Current industry trends and developments