The global alpha olefin sulfonates market size is anticipated to be valued at USD 10.8 Billion in 2032 and exhibit steady growth at a CAGR of 7.1% in the forecast period from 2022 to 2032. The increasing usage of this anionic surfactant in industrial chemical processing and laundry detergents is likely to boost the market in future years. As per the study, the market is expected to reach USD 4.2 Billion in 2022.
Attributes | Details |
---|---|
Alpha Olefin Sulfonates Market Estimated Base Year Value (2021) | USD 3.5 Billion |
Alpha Olefin Sulfonates Market Expected Market Value (2022) | USD 4.2 Billion |
Alpha Olefin Sulfonates Market Anticipated Forecast Value (2032) | USD 10.8 Billion |
Alpha Olefin Sulfonates Market Projected Growth Rate (2022 to 2032) | 7.1% CAGR |
Alpha olefin sulfonates are a group of anionic surfactants that are extensively used as detergents. These are often produced by sulfonation of alpha-olefins by using sulfur trioxide.
These are used in numerous areas of application as surfactants backed by their foam stability and foam formation properties. These also have a favorable ecological profile, oil dissolving power, excellent fat-dissolving capability, and low human toxicity.
Apart from their usage in cleaning agents and detergents, these are used in the conditioning of mortar or cement, for degreasing, in the formulation of pesticides, and in the emulsion polymerization.
Some of the personal care product manufacturing companies are replacing sodium laureth sulfate with sodium C14-16 olefin sulfonate to provide better quality products to customers.
The rising pollution levels and the surging adoption of high-pressure lifestyles in both developed and developing countries are anticipated to augment the demand for anti-hair fall shampoo. Increasing awareness about harmful effects of various chemicals used in shampoo is set to drive the demand for organic products, thereby fostering the need for alpha olefin sulfonates.
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Alpha olefin sulfonates being an anionic surfactant, are capable of functioning as an emulsifier, a wetting agent, and detergent in a wide range of applications. These also enable personal care products to be offered as preservative-free solutions. It is further making liquid soap and detergent manufacturers to rapidly shift towards this anionic surfactant.
The surging number of quick service restaurants and hotels across the globe is a major factor that is anticipated to drive the sales of liquid soap. Government and private agencies are also creating awareness to compel people to maintain personal hygiene. This factor is also expected to accelerate the need for liquid soap and drive the demand for alpha olefin sulfonates.
The availability of various substitutes, such as alpha-sulfonated methyl esters that are usually manufactured from environmentally friendly sources may hamper the alpha olefin sulfonates market growth in the near future.
The presence of a large number of soap producers in China and India is anticipated to propel the Asia Pacific alpha olefin sulfonates market share in the evaluation period. The high popularity of organic and natural laundry detergents in these countries is another vital factor that is projected to drive the regional market.
In addition to that, the rising consumer awareness regarding hygiene and the emergence of automatic washing machines in developing economies are likely to contribute to this growth. In remote areas, people prefer to wash their clothes manually and it is set to push sales of laundry detergents in Asia Pacific.
The increasing demand for laundry and household care products in the U.S. and Canada owing to the rising awareness regrading home disinfection amid the COVID-19 pandemic is estimated to fuel the North America market. Sales of alpha olefin sulfonates are expected to grow at a steady pace in this region backed by the surging demand for higher-priced, well-known detergents.
Moreover, rising concerns among consumers regarding apparels-free of germs, as well as health and hygienic living are expected to result in the high per capita spending on laundry detergents across North America. Growing preference for non-allergenic and scented laundry care products is another vital factor that is likely to augment the market.
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The global alpha olefin sulfonates market is highly consolidated with the presence of a large number of key players. Some of them are Huntsman Corporation, Clariant AG, P. Chemicals, Kao Corporation, Zanyu Technology Group Co. Ltd., Stepan Company, Pilot Chemical Company, Nouryon, Enaspol a.s., and Rohit Surfactants Private Limited among others.
Leading companies are striving to offer novel products to generate more sales and maintain their position in the market. Numerous regional players are expected to enter the market owing to the low entry barriers.
Besides, a few other key players are trying to broaden their reach in multiple applications, including construction products, agricultural formulations, and personal care applications to gain a competitive advantage. A handful of companies are aiming to expand their manufacturing capacities to cater to the ever-increasing demand from consumers.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 7.1% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, Form, Application, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled | Huntsman Corporation; Clariant AG; P. Chemicals; Kao Corporation; Zanyu Technology Group Co. Ltd.; Stepan Company; Pilot Chemical Company; Nouryon; Enaspol a.s.; Rohit Surfactants Private Limited |
Customization | Available Upon Request |
The global alpha olefin sulfonates market is projected to exceed USD 10.8 Billion in 2032.
Asia Pacific is expected to lead the alpha olefin sulfonates market in the forecast period.
Huntsman Corporation, Clariant AG, P. Chemicals, Kao Corporation, Zanyu Technology Group Co. Ltd., Stepan Company, and Pilot Chemical Company are some of the renowned companies in the alpha olefin sulfonates market.
Market Size 2023 | USD 2,183.9 Million |
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Market Size 2033 | USD 3,424.2 Million |
Value CAGR (2023 to 2033) | 4.6% |
Expected Market Value (2022) | USD 4.2 Billion |
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Anticipated Forecast Value (2032) | USD 10.8 Billion |
Projected CAGR (2022 to 2032) | 7.1% |
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