The global fatty methyl ester
sulfonate (FMES) market is expected to reach USD 2.49 billion by 2025,
according to a new report by Grand View Research, Inc. Rising consumer
awareness towards cleanliness, hygiene, and health is anticipated to be a major
factor for significant market growth for FMES based personal care over the next
few years.
Growing population coupled with
increasing disposable consumer income is estimated to drive demand for
detergents and personal care products which in turn is expected to enhance
industry growth. Owing to better-quality washing performance FMES-based
products have witnessed rising utilization in household and laundry care
applications.
Personal care application
segment is expected to generate revenues exceeding USD 980 million by 2025.
Furthermore, high biodegradability of sulfonated methyl ester products is
anticipated to steer product demand in the category over the forecast period.
Detergent products including
powder detergents, hand wash, and dishwashers are expected to remain the
leading product category over the next few years. FMES demand as surfactants in
this application segment is estimated to exceed 900 kilo tons by 2025.
In depth research report on Fatty Methyl Ester Sulfonate
(FMES) Market
Further key findings from the report suggest:
•
Global fatty methyl ester
sulfonate demand was 444.6 kilo tons in 2015 and is estimated to grow at a CAGR
of over 17% to reach total volume exceeding 2,200 kilo tons by 2025.
•
Europe emerged as the dominant
region. Product demand in Germany accounted for over 26% of the revenue share
in 2015. Growing bio-based product demand across various end-use industry
verticals in the country has attributed to the significant market penetration
over the past few years.
•
North America emerged as the
second major consumer in 2015. Product demand in detergent application in the
U.S. is anticipated to exceed USD 185 million by 2025.
•
Product demand in Asia pacific
is anticipated to witness the fastest growth over the forecast period. FMES
demand in China is anticipated to exceed 50 kilo tons by 2025.
•
Central & South America is
anticipated to witness moderate growth of 17.7% from 2016 to 2025. Increasing
consumption of liquid and powder fabric cleaners plays key role towards fatty
methyl ester sulfonate market growth in the region.
•
Key players including Lion
Corporation, Chemithon, Henan Surface Chemical Industry Co., Ltd., China Factories
Group Company, Emery Oleochemicals, Sun Products, and Stepan Company dominated
the global market. Other industry participants include Jinchang Chemicals, KPL
International, Jiangsu Haiqing Biotechnology, and Alfa Aesar.
Grand View Research has segmented
the fatty methyl ester sulfonate market on the basis of end-use and region:
Fatty Methyl Ester Sulfonate (FMES) End-Use Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
•
Personal Care
•
Detergents
•
Others
Fatty Methyl Ester Sulfonate (FMES) Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
•
North America
•
U.S.
•
Europe
•
Germany
•
UK
•
France
•
Italy
•
Asia Pacific
•
China
•
India
•
Japan
•
Central & South America
•
Middle East & Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
No comments:
Post a Comment