Stratview Research has launched a new report, titled The Secondary Alkane Sulfonate Market is Segmented by Application Type (Dish Washing Liquids, Household Detergents & Cleaners, Industrial Cleaners, Personal Care Products, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Secondary Alkane Sulfonate Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Owing to its efficient and effective qualities, secondary alkane sulfonate is commonly used in home cleaning applications, particularly in dishwashing solutions and laundry detergents. It is also found in cosmetics including hair and body care, as well as household and industrial cleansers. As a result, the secondary alkane sulfonate market is being driven by increased demand for home products, rising standards of living in developing countries, and rising need for hygienic products in emerging economies.
Market Segments’ Analysis
Based on the application type, the market is segmented as dish washing liquids, household detergents & cleaners, industrial cleaners, personal care products, and others. The household detergents & cleaners’ segment is expected to dominate the market during the forecast period. The growth of the segment is owing to the product providing emulsifying, cleaning performance with strong surfactant features, and value-added washing performance along with high chemical stability across a wide range of pH values. In addition, the worldwide secondary alkane sulfonate market is benefiting from an increase in demand for high-quality personal care products and industrial cleansers.
In terms of regions, North America is estimated to witness significant growth in the market during the forecast period owing to the growing demand for applications including industrial cleaners, dish washing liquid & cleaners, household detergents & cleaners, and personal care products in the region. Further, Asia-Pacific is also estimated to hold significant share of the market on account of increasing sales of household detergents and personal care products, and increasing standard of living of consumers, fueling the overall industry growth in the regional market.
The following are the key players in the Secondary Alkane Sulfonate Market
- Acar Chemicals
- BIG SUN Chemical Corporation
- Burlington Chemical Company
- Claraint Corporation
- Colonial Chemical
- Kao Chemicals
- Kawaken Fine Chemicals
- Lanxess AG
- Rajvin Chemicals Pvt. Ltd.
- The WeylChem Group.
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Secondary Alkane Sulfonate Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Secondary Alkane Sulfonate Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2433/Secondary-Alkane-Sulfonate-Market.html
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