Surge in Demand for Personal Care Products to Propel Sulfosuccinate Market.

Sulfosuccinates are anionic surfactants based on maleic acid anhydride gained from petrochemicals. They are primarily used in the personal care and detergent industries to improve the mildness of products. In addition, they are extensively used in the pharmaceutical industry as active pharmaceutical ingredients. There are two types of sulfosuccinates: diesters and monoesters. Diesters possess poor foaming properties, low solubility, and cause irritation to the eyes and skin. Thus, they are mostly used as wetting agents and dispersants. On the other hand, monoester sulfosuccinates are primarily used in personal care applications as they provide ample foam, and are mild on the skin and eyes.

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Transparency Market Research, a leading U.S.-based market research firm, has analyzed the global sulfosuccinate market and predicted a compounded annual growth rate of 5.3%, in terms of revenue, for the period from 2015 to 2023.

Rising acceptance of specialty detergents and cleaning agents along with surge in demand for personal care products is anticipated to boost the demand for sulfosuccinates. However, industrial shift towards bio-based surfactants is expected to restrain the growth of sulfosuccinates in the near future. In addition, environmental and regulatory issues are likely to decrease the demand for sulfosuccinates in the next few years. However, increasing demand for sulfosuccinates in enhanced oil recovery applications may open up new avenues for the market during the forecast period.

Personal care was the fastest growing application segment of the global sulfosuccinate market in 2014. Household detergents and cleaners was the largest application segment of the sulfosuccinate market in 2014. The pharmaceutical segment accounted for a substantial share of the sulfosuccinate market in 2014. This segment is anticipated to maintain an average growth rate during the forecast period.

In terms of volume, Europe dominated the global sulfosuccinate market in 2014 with a share of more than 37.0%. Economies such as China, India, Thailand, South Korea, and Indonesia are projected to propel the sulfosuccinate market in Asia Pacific. North America was the third largest region in the global sulfosuccinate market in 2014 and is likely to witness a below-average growth rate from 2015 to 2023. Latin America and the Middle East & Africa regions are anticipated to witness high growth potential in the near future.

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Major players in the sulfosuccinate market include Cytec Industries, Inc., The Dow Chemical Company, Stepan Company, Rhodia, Lonza Group Ltd, Croda International plc, MFG Chemical, Inc., and Huntsman Corporation.

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