According to the current analysis of Reports and Data, the global Alcohol Sulfates market was valued at USD 16.82 billion in 2018 and is expected to reach USD 23.71 billion by the year 2026, at a CAGR of 4.3%. The study provides an overall insight into the factors responsible for the growth in the Alcohol Sulfates market. Alcohol Sulfates market is expected to gain traction due to the heavy surge of demand driven by the parallel growth of end user industries like home care, building and construction, pharmaceuticals and many more. The personal care and home care industry in recent years has witnessed tremendous growth owing to the rising population, increasing per capita income of people and rising standard of living in the Asia-Pacific region.
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The growth of Alcohol Sulfates market is expected to be restrained due to environmental concerns rising all over the world. Governments have enforced strict emission and safety norms. Constant research and development activities are being funded the companies to continually overcome this challenge, to roll out innovations and products which help them capture the majority of the market. It is expected that bio-based Alcohol Sulfates would diversify the application segments and help in growing the market further.
Key participants include AkzoNobel, BASF, DowDuPont, Evonik, Clariant, Schärer + Schläpfer AG, Goulston Technologies, Inc., Sino-Japan Chemical Co. Ltd, Bendale Chemicals, Stepan Company, Vance Group Ltd., Unitop Chemicals Pvt. Ltd., G International, Inc., Desmet Ballestra.
Further key findings from the report suggest
- Alcohol Sulfates market is growing at a CAGR of 6% in Asia-Pacific followed by North America and Europe, with 4.5% and 4.2% CAGR, respectively.
- Parallel growth in the construction and agriculture segment due to rising worldwide population and increasing demand is expected to grow the Alcohol Sulfates market further.
- Pharmaceutical segment is expected to grow due to rampant diseases and improving healthcare facilities across the globe.
- Oil and Gas industry has extensive use of Alcohol Sulfates and is also on the rise due to the constant increase in demand for non-renewable fuels. This would help anionic surfactant market expand further.
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For the purpose of this report, Reports and Data has segmented the Alcohol Sulfates market on the basis of product type, chemical composition, end use, application and region:
By Product Type (Revenue in USD Million; Volume in Kilo Tons, 2016–2026)
- Bio-based Surfactants
- Synthetic Surfactants
By Application (Revenue in USD Million; Volume in Kilo Tons, 2016–2026)
- Wetting Agent
- Pesticide or Herbicide Applications
- Household Detergent
- Others
By End Use (Revenue in USD Million; Volume in Kilo Tons, 2016–2026)
- Home Care
- Personal Care
- Oil Gas
- Construction
- Textile manufacturing
- Pharmaceutical
- Agriculture
- Others
Regional Outlook (Revenue in USD Million; Volume in Kilo Tons, 2016–2026)
- North America
- Europe
- Asia Pacific
- Middle East Africa
- Latin America
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