Fatty Methyl Ester Sulfonate Market - Forecast(2023 - 2028)

Fatty Methyl Ester Sulfonate Market Overview 

Fatty Methyl Ester Sulfonate Market size is forecast to reach US$2.2 billion by 2027, after growing at a CAGR of 11.2% during 2022-2027. The fatty methyl ester Sulfonate is the anionic surfactant and it is produced by sulfonation of saturated fatty acid methyl esters derived from natural fats and oils. It is less toxic and highly biodegradable when compared with other types of surfactants. Fatty methyl ester sulfonate has excellent physicochemical qualities and can be used as an emulsifier, softening agent, and detergents. The fatty methyl ester is primarily driven by an increase in the demand for the industrial and home cleaning industry. The growing cosmetics and personal care industry is also fueling the growth of the fatty methyl ester sulfonate industry. Furthermore, the growth of the pharmaceuticals sector has also increased its demand, thereby, propelling the fatty methyl ester sulfonate market growth during the forecast period.

COVID-19 Impact 

The COVID-19 pandemic in 2020 impacted the growth of many industries, but the demand for the fatty methyl ester market increased because there was an upsurge in the demand for home and personal cleaning, which accelerated the market growth. For instance, according to the International Association for Soaps, Detergent, and Maintenance Products (A.I.S.E), the demand for home and industrial cleaning in Europe increased by 67% in 2020, when compared with 2019. Furthermore, demand for home and industrial cleaning, pharmaceuticals, and other commodities surged in 2021 as a result of the elevated Covid-19 pandemic, which spurred market expansion. Also, it is forecasted that the Covid-19 impact will end by mid-2022, thereby, further boosting the demand for the fatty methyl ester sulfonate market.

Report Coverage

The report: "Fatty Methyl Ester Sulfonate Market –Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fatty Methyl Ester Sulfonate Market. 

By Form: Powder, Flakes, and Paste.
By Packaging: Barrel, Bag, Drum, and Others.
By End-Use Industry: Pharmaceuticals, Cosmetics and Personal Care (Shampoo, Hand Wash, Nail Care, Body Care, and Others), Home and Industrial Cleaning (Detergent (Light-duty and Heavy-duty), Soaps and Cleaners), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)).

Figure: Asia-Pacific Fatty Methyl Ester Sulfonate Market Revenue, 2022-2027 (US$ Billion)

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Fatty Methyl Ester Sulfonate Market Segment Analysis – By Form

The powder segment held the largest share in the fatty methyl ester sulfonate market in 2021 and is growing at a CAGR of 8.3% during 2022-2027. The powder form is widely utilized in detergents because it has superior detergency at low concentrations, and it provides enhanced functionality when combined with hard water. Furthermore, when compared with other forms it is cost-effective, because of this advantage its demand is increasing, which is further accelerating the market growth. Thus, due to these advantages of powder form, and the fatty methyl ester sulfonate market will continue to prosper during the forecast period. 

Fatty Methyl Ester Sulfonate Market Segment Analysis – By Packaging 

The bag segment held the largest share in the fatty methyl ester sulfonate market in 2021. Bag packaging is used for fatty methyl ester sulfonate because it is lightweight in comparison to other types of packaging, and as a result, it is very cost-effective. The bag packaging offers high strength because it can carry a weight up to a thousand times its weight. Thus, due to these features of bag packaging, its use for fatty methyl ester sulfonate packaging is increasing, which is accelerating the growth of the fatty methyl ester sulfonate.

Fatty Methyl Ester Sulfonate Market Segment Analysis – By End-Use Industry 

The home and industrial cleaning segment held the largest share in the fatty methyl ester sulfonate market in 2021 and is growing at a CAGR of 10.6% during 2022-2027. The fatty methyl ester sulfonates have active cleaning agents, softening agents, and emulsifiers owing to this it is used in home and industrial cleaning products such as laundry detergents, industrial detergents, and more. The growing home and industrial cleaning industry is propelling the growth of the market. For instance, according to the International Association for Soaps, Detergent, and Maintenance Products (A.I.S.E), in 2019 the home cleaning industry of Europe was €30.2 billion (US33.8 billion) and in 2021 it was €32.4 billion (US$37 billion), an increase of 7.3%. Furthermore, the industrial cleaning industry of Europe in 2019 was €7.2 billion (US$8.06 billion) and in 2021 it was €8.8 billion (US$10.1 billion), an increase of 22.22%. Thus, the growing home and industrial cleaning industry across the globe is aiding the fatty methyl ester sulfonate market growth. 

Fatty Methyl Ester Sulfonate Market Segment Analysis – By Geography 

Asia-Pacific region held the largest share in the Fatty Methyl ester sulfonate market in 2021 up to 38%. The increasing production of detergent in the region is driving the growth of the market. For instance, the production of detergents in the year 2019 in India was 687,000 MT and in 2021 it was 715,000 MT, an increase of 4.1%. Moreover, it is widely utilized in pharmaceutical products because it has a high concentration of oil, antioxidants, and proteins. The growing pharmaceutical industry in the region is forecasted to drive the growth of the market. For instance, the pharmaceutical production in the 4th quarter of 2019 was 16,183.2 MT and in 2021 was 16,892.7 MT, an increase of 4.2%. Thus, the increasing detergent and pharmaceuticals production in the Asia-Pacific region is fueling the fatty methyl ester sulfonate market growth.