Sodium Cocoyl Isethionate Market - Forecast(2023 - 2028)
Sodium Cocoyl Isethionate Market Overview
Sodium Cocoyl Isethionate Market size is forecast to reach US$259.2 million
by 2027, after growing at a CAGR of 5.8% during
2022-2027. Sodium Cocoyl Isethionate is a fine white powder derived from the fatty
acid in coconut oil and isethionic acid, a type of sulfonic
acid. The growing demand for natural ingredients in-home care and personal care
is one of the major factors driving the market growth during the forecast
period 2022-2027. The manufacturers of personal care are replacing sulfate
surfactants with Sodium Cocoyl Isethionate in various products such as body
soaps, creams and lotions among others. Sodium Cocoyl Isethionate is widely preferred
as a versatile and mild primary surfactant in liquid and solid formulations. The
growing consumer spending on various personal care products such as hair care, skincare and body care also supports the market growth during the forecast period. The COVID-19 outbreak led to major economic
problems and challenges for the personal care and industries globally. According to the
International Monetary Fund (IMF), the global GDP growth declined by 3.5% owing
to the economic impact of COVID-19. Governments all across the globe announced
strict measures to slow the spread of the coronavirus and only the production
of essential commodities was allowed, which impacted the non-essential
commodity industries, thereby impacting the production of Sodium Cocoyl Isethionate.
Report Coverage
The report: “Sodium Cocoyl Isethionate Market Report – Forecast
(2022-2027)” by IndustryARC, covers an in-depth analysis of the following
segments in the Sodium Cocoyl Isethionate industry.
By Type: Flakes, Powder and Granules.
By Application: Personal care [Haircare (Shampoos, Conditioners, Hair color and
bleaching, Hair Serum, Others), Skincare (Moisturizer, Creams {Face Cream,
Anti-Aging Cream, Sun Protection Cream} Body lotions, Facial and body Powder,
Others), Oral Care (Toothpaste, Mouthwashes, Multifunctional Products, Others),
Body Care (Bar Soaps, Bathing Gels, Bath butters, Others), Baby Care Products],
Pharmaceutical and Electroplating and Electro polishing.
By Geography: North
America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain,
Netherlands, Belgium and Rest of Europe), Asia Pacific (China, Japan, India,
South Korea, Australia & New Zealand and Rest of APAC), South America
(Brazil, Argentina, Colombia, Chile, Rest of South America) and Rest of the world (Middle East (Saudi Arabia,
UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and
Rest of Africa).
Key Takeaways
- The Asia-Pacific region is expected to grow at a high CAGR 0f 6.2% during the forecast period. One of the key drivers driving the market is the growing production and skin care products along with increasing consumer expenditure on beauty products.
- The growing trend for sustainable, clean and natural label products by consumers is augmenting the sales of Sodium Cocoyl Isethionate during the forecast period.
- However, fluctuating oil prices along with the availability of other raw materials for the personal care industry are likely to hamper the market growth during the forecast period.
Figure: Asia-Pacific Sodium Cocoyl Isethionate Market Revenue, 2021-2027 (US$ Million)
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Sodium Cocoyl Isethionate Market Segment Analysis – By Type
The Powder
segment held the largest share with 42% in the Sodium Cocoyl Isethionate Market in 2021 and is anticipated to grow at a significant CAGR
during the forecast period 2022-2027. The powder-based Sodium Cocoyl Isethionate is a highly active, flowable and finely divided product
used in various products such as combo bars, syndet bars, facial cleaners,
shampoos and liquid soaps among others. According to the facts published by ITC
(International Trading Centre), the USA exported over US$ 290.43 million worth
of soap products in 2020, representing nearly 8% of the world’s total soap
exports. Some of the major soap manufacturing companies in the USA include Church
& Dwight, Colgate-Palmolive, Ecolab and Procter & Gamble among others.
The growing demand for raw materials from these companies is one of the majors
driving the market for powder-based Sodium Cocoyl Isethionate during the
forecast period.
Sodium Cocoyl Isethionate Market Segment Analysis - By Application
The Personal Care segment held the largest share with 38% in the Sodium Cocoyl Isethionate Market in 2021 and is anticipated to grow at a significant
CAGR during the forecast period 2022-2027. The Sodium Cocoyl Isethionate offers various properties such as high
foam performance & extreme mildness and offers a soft and silky skin
feeling among others. Hence these properties of the product are driving the
personal-care manufacturers to use it in different types of products such as
skin care, body care and baby care among others. The growing demand for sulfate-free surfactants
in the personal care industry is also propelling the market growth during the
forecast period. According to the Ministry of Economy,
Trade and Industry (METI), the cosmetics and personal care products market of
Japan reached US$35 billion in 2019, making it the world’s third-largest after
the U.S. and China. Japan has about
3,000 beauty care manufacturing companies, including global brands of Shiseido,
Kao, Kose and Pola Orbis. These are some of the major factors supporting the
market growth during the forecast period 2022-2027.
Sodium Cocoyl Isethionate Market Segment Analysis – By Geography
The Asia- Pacific region dominated the Sodium Cocoyl Isethionate Market share in terms of revenue with a share of 32% in 2021 and is projected to dominate the market during the forecast period (2022-2027). The presence of key manufacturers including Galaxy Surfactants Ltd., BASF SE, Akzo Nobel N.V., and Taiwan NJC Corporation; are driving the market growth for Sodium Cocoyl Isethionate in the Asia Pacific region. The growing production of personal care and cosmetic products in developing nations such as India, Japan and China are supporting the market growth during the forecast period. The presence of notable personal care manufacturers such as Unilever Group, L’Oreal Group, Godrej Group and Johnson & Johnson among others. According to the facts published by Indian beauty and personal care (BPC), the industry is estimated to be worth USD 10 billion in 2021 and estimated to grow by a CAGR of 6.5% during 2021-2024.
Sodium Cocoyl Isethionate Market Driver
Growing Demand for Natural Ingredients in Personal Care Industry
Sodium Cocoyl Isethionate is a sodium salt ester that is derived from coconut oil. Generally, they are used as surfactants in personal care and cleaning products like body wash, shampoos, shaving foams and conditioners among others. Natural personal care products are gaining popularity in developed and developing nations due to their benefits in terms of health and well-being. The personal care manufacturers are also increasing R&D investments to produce chemical-free products. According to a report published by the Indian Beauty & Hygiene Association, the all-natural market occupies around one-third of the personal care market and growing at 2.5 times more than the non-natural market. According to the facts published by Pacific Trade Invest, due to rising consumer awareness, recent studies show that the European natural organic cosmetics market, valued at €3.6 billion in 2018, is growing faster than the overall cosmetics market. Hence the growing demand for natural ingredients is driving the market for Sodium Cocoyl Isethionate during the forecast period.
Increasing demand for cleansing products will support the market growth
Sodium Cocoyl Iethionate is used as an important surfactant ingredient
in mild, syndet (synthetic detergent) cleansing bars. Surfactants are used as
cleansing agents as they mix well with both oils and water. So, sodium
cocoyl isethionate is preferred in a wide range of cleaning products such as
shampoos, soaps, baby care products and body washes among others. Rising
awareness regarding personal hygiene among adults along with an increased
number of working professionals is supporting the demand of the cleansing
product which is further supporting the market for sodium cocoyl isethionate.
According to the data published by Qatar Development Bank (QDB), the market for
detergents, soaps and toilet soaps registered about 75,600,and 36,600 metric
tons in 2019. The global liquid soap market is also reached USD 18.5 billion in
2019.
Sodium Cocoyl Isethionate Market Challenges
Availability of substitute products in the market
The Sodium Cocoyl Isethionate has several
substitutes such as sodium lauryl sulfate (SLS), sodium coco sulfate (SCS) and
sodium C14-16 olefin sulfonate among others. These substitutes have similar
chemical properties and performance. However, the high cost and complexity of
extracting sodium salt from coconut oil likely hamper the market growth in the
forecast period. Additionally, other products such as sodium lauryl sulfate
(SLS) and sodium coco sulfate are used in many cleaning products and liquid
personal care products due to their transparent esthetic properties. The
average price of sodium cocoyl isethionate ranges from US$ 3,800 to 7,000/ton
whereas sodium lauryl sulfate ranges from US$ 1,500 to 3,000/ton.
Sodium Cocoyl Isethionate Industry Outlook
Technology
launches, acquisitions and R&D activities are key strategies adopted by
players in the Sodium Cocoyl Isethionate Market. The Sodium Cocoyl Isethionate Market's top 10 companies are:
- BASF SE
- Galaxy Surfactants Ltd.
- AkzoNobel N.V.
- JEEN International Corporation
- KIYU New Material Co. Ltd.
- Taiwan NJC Corporation
- Clariant International Ltd.
- Innospec Inc.
- Henan Surface Chemical Industry Co. Ltd.
- Millchem-Akott
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LIST OF TABLES
1.Global Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)1.1 Powder Market 2019-2024 ($M) - Global Industry Research
1.2 Granule Market 2019-2024 ($M) - Global Industry Research
1.3 Needle Market 2019-2024 ($M) - Global Industry Research
2.Global Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
2.1 Distributor Market 2019-2024 ($M) - Global Industry Research
2.2 Direct Sales Market 2019-2024 ($M) - Global Industry Research
3.Global Company Profiling Market 2019-2024 ($M)
3.1 BASF SE Market 2019-2024 ($M) - Global Industry Research
3.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Global Industry Research
3.3 EWG's Skin Deep Market 2019-2024 ($M) - Global Industry Research
3.4 Innospec Inc. Market 2019-2024 ($M) - Global Industry Research
3.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Global Industry Research
3.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Global Industry Research
3.7 JEEN International Corporation Market 2019-2024 ($M) - Global Industry Research
3.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Global Industry Research
3.9 Chemistry Connection Market 2019-2024 ($M) - Global Industry Research
3.10 L'Oreal Market 2019-2024 ($M) - Global Industry Research
3.11 Earth Science Beauty Market 2019-2024 ($M) - Global Industry Research
3.12 Clariant International Ltd. Market 2019-2024 ($M) - Global Industry Research
3.13 Unilever Market 2019-2024 ($M) - Global Industry Research
3.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Global Industry Research
4.Global Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 (Volume/Units)
4.1 Powder Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Granule Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Needle Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 (Volume/Units)
5.1 Distributor Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Direct Sales Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Company Profiling Market 2019-2024 (Volume/Units)
6.1 BASF SE Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 EWG's Skin Deep Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Innospec Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Galaxy Surfactants Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Huanggang Yongan Pharmaceutical Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 JEEN International Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
6.8 TAWIWAN NJC CORPORATION Market 2019-2024 (Volume/Units) - Global Industry Research
6.9 Chemistry Connection Market 2019-2024 (Volume/Units) - Global Industry Research
6.10 L'Oreal Market 2019-2024 (Volume/Units) - Global Industry Research
6.11 Earth Science Beauty Market 2019-2024 (Volume/Units) - Global Industry Research
6.12 Clariant International Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
6.13 Unilever Market 2019-2024 (Volume/Units) - Global Industry Research
6.14 KIYU New Material Co., Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)
7.1 Powder Market 2019-2024 ($M) - Regional Industry Research
7.2 Granule Market 2019-2024 ($M) - Regional Industry Research
7.3 Needle Market 2019-2024 ($M) - Regional Industry Research
8.North America Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
8.1 Distributor Market 2019-2024 ($M) - Regional Industry Research
8.2 Direct Sales Market 2019-2024 ($M) - Regional Industry Research
9.North America Company Profiling Market 2019-2024 ($M)
9.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
9.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Regional Industry Research
9.3 EWG's Skin Deep Market 2019-2024 ($M) - Regional Industry Research
9.4 Innospec Inc. Market 2019-2024 ($M) - Regional Industry Research
9.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Regional Industry Research
9.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
9.7 JEEN International Corporation Market 2019-2024 ($M) - Regional Industry Research
9.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Regional Industry Research
9.9 Chemistry Connection Market 2019-2024 ($M) - Regional Industry Research
9.10 L'Oreal Market 2019-2024 ($M) - Regional Industry Research
9.11 Earth Science Beauty Market 2019-2024 ($M) - Regional Industry Research
9.12 Clariant International Ltd. Market 2019-2024 ($M) - Regional Industry Research
9.13 Unilever Market 2019-2024 ($M) - Regional Industry Research
9.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Regional Industry Research
10.South America Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)
10.1 Powder Market 2019-2024 ($M) - Regional Industry Research
10.2 Granule Market 2019-2024 ($M) - Regional Industry Research
10.3 Needle Market 2019-2024 ($M) - Regional Industry Research
11.South America Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
11.1 Distributor Market 2019-2024 ($M) - Regional Industry Research
11.2 Direct Sales Market 2019-2024 ($M) - Regional Industry Research
12.South America Company Profiling Market 2019-2024 ($M)
12.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
12.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Regional Industry Research
12.3 EWG's Skin Deep Market 2019-2024 ($M) - Regional Industry Research
12.4 Innospec Inc. Market 2019-2024 ($M) - Regional Industry Research
12.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Regional Industry Research
12.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
12.7 JEEN International Corporation Market 2019-2024 ($M) - Regional Industry Research
12.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Regional Industry Research
12.9 Chemistry Connection Market 2019-2024 ($M) - Regional Industry Research
12.10 L'Oreal Market 2019-2024 ($M) - Regional Industry Research
12.11 Earth Science Beauty Market 2019-2024 ($M) - Regional Industry Research
12.12 Clariant International Ltd. Market 2019-2024 ($M) - Regional Industry Research
12.13 Unilever Market 2019-2024 ($M) - Regional Industry Research
12.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Regional Industry Research
13.Europe Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)
13.1 Powder Market 2019-2024 ($M) - Regional Industry Research
13.2 Granule Market 2019-2024 ($M) - Regional Industry Research
13.3 Needle Market 2019-2024 ($M) - Regional Industry Research
14.Europe Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
14.1 Distributor Market 2019-2024 ($M) - Regional Industry Research
14.2 Direct Sales Market 2019-2024 ($M) - Regional Industry Research
15.Europe Company Profiling Market 2019-2024 ($M)
15.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
15.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Regional Industry Research
15.3 EWG's Skin Deep Market 2019-2024 ($M) - Regional Industry Research
15.4 Innospec Inc. Market 2019-2024 ($M) - Regional Industry Research
15.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Regional Industry Research
15.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
15.7 JEEN International Corporation Market 2019-2024 ($M) - Regional Industry Research
15.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Regional Industry Research
15.9 Chemistry Connection Market 2019-2024 ($M) - Regional Industry Research
15.10 L'Oreal Market 2019-2024 ($M) - Regional Industry Research
15.11 Earth Science Beauty Market 2019-2024 ($M) - Regional Industry Research
15.12 Clariant International Ltd. Market 2019-2024 ($M) - Regional Industry Research
15.13 Unilever Market 2019-2024 ($M) - Regional Industry Research
15.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Regional Industry Research
16.APAC Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)
16.1 Powder Market 2019-2024 ($M) - Regional Industry Research
16.2 Granule Market 2019-2024 ($M) - Regional Industry Research
16.3 Needle Market 2019-2024 ($M) - Regional Industry Research
17.APAC Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
17.1 Distributor Market 2019-2024 ($M) - Regional Industry Research
17.2 Direct Sales Market 2019-2024 ($M) - Regional Industry Research
18.APAC Company Profiling Market 2019-2024 ($M)
18.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
18.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Regional Industry Research
18.3 EWG's Skin Deep Market 2019-2024 ($M) - Regional Industry Research
18.4 Innospec Inc. Market 2019-2024 ($M) - Regional Industry Research
18.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Regional Industry Research
18.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
18.7 JEEN International Corporation Market 2019-2024 ($M) - Regional Industry Research
18.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Regional Industry Research
18.9 Chemistry Connection Market 2019-2024 ($M) - Regional Industry Research
18.10 L'Oreal Market 2019-2024 ($M) - Regional Industry Research
18.11 Earth Science Beauty Market 2019-2024 ($M) - Regional Industry Research
18.12 Clariant International Ltd. Market 2019-2024 ($M) - Regional Industry Research
18.13 Unilever Market 2019-2024 ($M) - Regional Industry Research
18.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Regional Industry Research
19.MENA Sodium Cocoyl Isethionate Market, By Type Market 2019-2024 ($M)
19.1 Powder Market 2019-2024 ($M) - Regional Industry Research
19.2 Granule Market 2019-2024 ($M) - Regional Industry Research
19.3 Needle Market 2019-2024 ($M) - Regional Industry Research
20.MENA Sodium Cocoyl Isethionate Market, By Channel Market 2019-2024 ($M)
20.1 Distributor Market 2019-2024 ($M) - Regional Industry Research
20.2 Direct Sales Market 2019-2024 ($M) - Regional Industry Research
21.MENA Company Profiling Market 2019-2024 ($M)
21.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
21.2 Henan Surface Chemical Industry Co Ltd. Market 2019-2024 ($M) - Regional Industry Research
21.3 EWG's Skin Deep Market 2019-2024 ($M) - Regional Industry Research
21.4 Innospec Inc. Market 2019-2024 ($M) - Regional Industry Research
21.5 Galaxy Surfactants Ltd. Market 2019-2024 ($M) - Regional Industry Research
21.6 Huanggang Yongan Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
21.7 JEEN International Corporation Market 2019-2024 ($M) - Regional Industry Research
21.8 TAWIWAN NJC CORPORATION Market 2019-2024 ($M) - Regional Industry Research
21.9 Chemistry Connection Market 2019-2024 ($M) - Regional Industry Research
21.10 L'Oreal Market 2019-2024 ($M) - Regional Industry Research
21.11 Earth Science Beauty Market 2019-2024 ($M) - Regional Industry Research
21.12 Clariant International Ltd. Market 2019-2024 ($M) - Regional Industry Research
21.13 Unilever Market 2019-2024 ($M) - Regional Industry Research
21.14 KIYU New Material Co., Ltd Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)2.Canada Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
3.Mexico Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
4.Brazil Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
5.Argentina Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
6.Peru Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
7.Colombia Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
8.Chile Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
9.Rest of South America Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
10.UK Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
11.Germany Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
12.France Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
13.Italy Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
14.Spain Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
16.China Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
17.India Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
18.Japan Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
19.South Korea Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
20.South Africa Sodium Cocoyl Isethionate Global Market Revenue, 2019-2024 ($M)
21.North America Sodium Cocoyl Isethionate Global By Application
22.South America Sodium Cocoyl Isethionate Global By Application
23.Europe Sodium Cocoyl Isethionate Global By Application
24.APAC Sodium Cocoyl Isethionate Global By Application
25.MENA Sodium Cocoyl Isethionate Global By Application