Fatty Methyl Ester Sulfonate Market - Forecast(2024 - 2030)
Fatty Methyl Ester Sulfonate Market Overview
Fatty Methyl Ester Sulfonate Market size is forecast to reach US$2.5 billion by 2030, after growing at a CAGR of 11.2% during 2024-2030. 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.
One major trend shaping the FMES market is the heightened focus on sustainable and bio-based surfactants. With increasing environmental concerns and a shift towards eco-friendly products, the FMES industry is witnessing a surge in demand for bio-based alternatives. Manufacturers are actively investing in the development and production of sustainable surfactants derived from renewable sources, such as vegetable oils. This trend aligns with the global push towards green chemistry and sustainable practices in the chemical industry. Moreover, regulatory initiatives promoting the use of biodegradable and environmentally friendly surfactants further drive the adoption of FMES derived from methyl esters, contributing to a more sustainable and responsible chemical landscape. As a result, the FMES market is experiencing a paradigm shift towards eco-conscious solutions, reflecting the industry's commitment to reducing its ecological footprint and meeting the growing consumer demand for environmentally friendly products.
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 (2024-2030)”, 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)).
Key Takeaways
• Asia-Pacific region dominates the fatty methyl ester sulfonate market, owing to the increasing pharmaceuticals production in the region. For instance, from 2024 to 2028, China, the world's second-largest country in pharmaceutical spending, is projected to experience a 20% volume increase with a corresponding 21% rise in expenditure.
• The growing demand for fatty methyl ester sulfonate in industrial cleaning and oilfield chemicals is predicted to open up an array of attractive market prospects.
• Additionally, the rising use of fatty methyl ester sulfonate in laundry detergents, due to its physiochemical qualities, is driving up demand for fatty methyl ester sulfonate and thereby boosting the market growth.
• However, the methyl ester sulfonates have low water solvency, owing to these factors the other fatty acid ester is widely is used, which is limiting the growth of the market.
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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 2023 and is growing at a CAGR of 8.3% during 2024-2030. 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 2023. 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 2023 and is growing at a CAGR of 10.6% during 2024-2030. 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 2022, the home cleaning industry in Europe reached €34.1 billion (US$37.1 billion), marking a 5.2% increase from the previous year. Furthermore, in the same year, the industrial cleaning industry in Europe reached €8.7 billion (US$9.4 billion), marking a 19.1% increase from the previous year. 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 2023 up to 38%. The increasing production of detergent in the region is driving the growth of the market. For instance, in the fiscal year 2022, India produced over 780 thousand metric tons of synthetic detergent intermediates, reflecting a 5.9% increase. 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, at the moment, the pharmaceutical industry in India is the third largest in the world in terms of volume and 14th largest in terms of value. The pharma sector currently contributes to around 1.72% of the country’s GDP. Thus, the increasing detergent and pharmaceuticals production in the Asia-Pacific region is fueling the fatty methyl ester sulfonate market growth.
Fatty Methyl Ester Sulfonate Market Drivers
Rapid Development of the Cosmetics Industry
The cosmetics and personal care industry widely employ fatty methyl ester sulfonate in cosmetics and personal care products such as shampoo, hand wash, body care, and more because its natural properties ensure that it does not harm the skin. The growing cosmetics industry in the world is accelerating the fatty methyl ester sulfonate industry growth. For instance, according to Cosmetic Europe- the personal care association, in 2022 Europe was the largest cosmetic market at the global level with annual sales of €88 billion (US$95.9 billion). Moreover, according to the Cosmetic, Toiletry and Perfumery Association (CTPA), in 2022, It was skincare products, that dominated the cosmetic market in Europe, constituting 29% of the market share. Thus, the growing demand for the cosmetics and personal care industry will also act as a driver for the growth of the fatty methyl ester sulfonate market during the forecast period.
Increasing Demand for Bio-Based Raw Materials from Various End-Use Industries
The increasing usage of bio-based raw materials in products such as cosmetics, pharmaceuticals, laundry detergent, and more is being fueled by consumer desire for biodegradable and low-toxic products. Furthermore, fatty methyl ester sulfonate is highly biodegradable and less toxic, which is accelerating the growth of the market. The growing pharmaceutical industry is accelerating the demand for fatty methyl ester sulfonate. For instance, according to the European Federation of Pharmaceutical Industries and Association, In the year 2022, the production of pharmaceuticals reached €340 billion (equivalent to US$370.6 billion), reflecting a 4.9% increase from the previous year. Also, international organizations are promoting the usage of bio-based raw materials, which is further propelling the growth of the market. For instance, because of its high potential for future growth, job creation, and ability to address climate change by lowering greenhouse gas emissions such as carbon dioxide, the EU has designated the bio-based products industry as a priority area. Thus, the increasing demand for bio-based raw materials from various end-use industries is boosting the growth of the market.
Fatty Methyl Ester Sulfonate Market Challenges
The High Cost of Fatty Methyl Ester Sulfonate
The high cost of fatty acid ester sulfonate is posing a major challenge for market growth. The low water solvency of the fatty methyl ester sulfonate, owing to this factor the consistency maintenance becomes difficult, which affects the production process. Moreover, to overcome the challenges associated with methyl ester sulfonate production, methyl ester sulfonate manufacturers are focusing on process optimization and product innovation. This factor is adding to the cost for the manufacturers. Thus, factors such as low water solvency, process optimization add to the cost of fatty methyl ester sulfonate and more are posing as a major challenge for the growth of the fatty methyl ester market.
Fatty Methyl Ester Sulfonate Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the fatty methyl ester sulfonate market. Major players of the fatty methyl ester sulfonate market are:
- K2 Industries
- Cosmique Pvt. Ltd.
- Chemithon Corporation
- KPL International Ltd.
- Lion Corporation
- KLK Oleo
- Stephan Company
- Wilmar International Ltd.
- KLK Emmerich GmbH
- Godrej Industries
Recent Developments
In April 2023, KLK Emmerich GmbH, a subsidiary of Kuala Lumpur Kepong Berhad, acquired Temix Oleo, a Milan-based oleochemical company. This strategic move in the Global Automotive Electronic Control Unit (ECU) Market enhances product portfolios and geographic presence, emphasizing sustainability and innovation in the automotive industry.
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1. Fatty Methyl Ester Sulfonate Market: Market Overview
1.1 Definitions and Scope
2. Fatty Methyl Ester Sulfonate Market- Executive Summary
2.1 Key Trends by Form
2.2 Key Trends by Packaging
2.3 Key Trends by End-Use Industry
2.4 Key Trends by Geography
3. Fatty Methyl Ester Sulfonate Market– Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.4 Top 5 Financials Analysis
3.5 Patent Analysis- Major Companies
3.6 Pricing Analysis (ASPs will be provided)
4. Fatty Methyl Ester Sulfonate Market- Startup companies Scenario Premium Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Fatty Methyl Ester Sulfonate Market– Industry Market Entry Scenario Premium Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Fatty Methyl Ester Sulfonate Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Fatty Methyl Ester Sulfonate Market– Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Fatty Methyl Ester Sulfonate Market-By Form (Market Size –US$ Million/Billion)
8.1 Powder
8.2 Flakes
8.3 Paste
9. Fatty Methyl Ester Sulfonate Market-By Packaging (Market Size -US$ Million/Billion)
9.1 Barrel
9.2 Bag
9.3 Drum
9.4 Others
10. Fatty Methyl Ester Sulfonate Market-By End-Use Industry (Market Size -US$ Million/Billion)
10.1 Pharmaceuticals
10.2 Cosmetics and Personal Care
10.2.1 Shampoo
10.2.2 Hand Wash
10.2.3 Nail Care
10.2.4 Body Care
10.2.5 Others
10.3 Home and Industrial Cleaning
10.3.1 Detergent
10.3.1.1 Light-duty
10.3.1.2 Heavy-duty
10.3.2 Soaps
10.3.3 Cleaners
10.4 Others
11. Fatty Methyl Ester Sulfonate Market-By Geography (Market Size -US$ Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zealand
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Fatty Methyl Ester Sulfonate Market – Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Fatty Methyl Ester Sulfonate Market–Industry / Segment Competition landscape Premium Premium Premium
13.1 Company Benchmarking Matrix – Major Companies
13.2 Market Share at Global Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category- Major companies
14. Fatty Methyl Ester Sulfonate Market – Key Company List by Country Premium Premium Premium
15. Fatty Methyl Ester Sulfonate Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 K2 Industries
15.2 Cosmique Pvt. Ltd.
15.3 Chemithon Corporation
15.4 KPL International Ltd.
15.5 Lion Corporation
15.6 KLK Oleo
15.7 Stephan Company
15.8 Wilmar International Ltd.
15.9 KLK Emmerich GmbH
15.10 Godrej Industries
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)1.1 Personal Care Market 2019-2024 ($M) - Global Industry Research
1.2 Detergent Market 2019-2024 ($M) - Global Industry Research
2.Global Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 (Volume/Units)
2.1 Personal Care Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Detergent Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)
3.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
3.2 Detergent Market 2019-2024 ($M) - Regional Industry Research
4.South America Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)
4.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
4.2 Detergent Market 2019-2024 ($M) - Regional Industry Research
5.Europe Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)
5.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
5.2 Detergent Market 2019-2024 ($M) - Regional Industry Research
6.APAC Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)
6.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
6.2 Detergent Market 2019-2024 ($M) - Regional Industry Research
7.MENA Fatty Methyl Ester Sulfonate Market:End-Use Outlook Market 2019-2024 ($M)
7.1 Personal Care Market 2019-2024 ($M) - Regional Industry Research
7.2 Detergent Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)2.Canada Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
3.Mexico Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
4.Brazil Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
5.Argentina Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
6.Peru Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
7.Colombia Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
8.Chile Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
9.Rest of South America Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
10.UK Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
11.Germany Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
12.France Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
13.Italy Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
14.Spain Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
16.China Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
17.India Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
18.Japan Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
19.South Korea Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
20.South Africa Fatty Methyl Ester Sulfonate Market Revenue, 2019-2024 ($M)
21.North America Fatty Methyl Ester Sulfonate By Application
22.South America Fatty Methyl Ester Sulfonate By Application
23.Europe Fatty Methyl Ester Sulfonate By Application
24.APAC Fatty Methyl Ester Sulfonate By Application
25.MENA Fatty Methyl Ester Sulfonate By Application
26.The Chemithon Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Factory Group Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Fenchem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Henan Surface Chemical Industry Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Jinchang Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Kpl International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Lion Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Pemex Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.The Sun Product Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zanyu Technology Group Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Stepan Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Proctor Gamble Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Jiangsu Hiaqing Biotechnology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Klk Oleo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Wilmar International Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Alfa Aesar, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Emery Oleochemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)