Global Sulfosuccinate Market to 2030 - Increasing Demand for Sulfosuccinate in Enhanced Oil Recovery Presents Opportunities - ResearchAndMarkets.com

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DUBLIN, January 24, 2022--(BUSINESS WIRE)--The "Global Sulfosuccinate Market- Market Size & Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global sulfosuccinate market in the COVID-19 period has been estimated to value USD 336.50 million in 2021 and is projected to reach USD 520.47 million by 2030 at a CAGR of 4.97% during the forecast period.

However, without the COVID-19 impact, the global sulfosuccinate market was estimated to value at USD 377.39 million in 2021 and reach USD 592.39 million by 2030 at a CAGR of 5.14% during the forecast period. Growing demand for personal care products is analyzed to be the major factor driving the growth of the global sulfosuccinate market during the forecast period. The products provide good emulsifying, dispersing, wetting properties, which makes it perfect for its applications in personal care products comprising baby shampoos, and bubble baths. The sulfosuccinates are present in cleansing products and shampoos that are utilized on oily and sensitive skin.

Changing lifestyle and growing customer disposable income mainly in BRIC (Brazil, Russia, India, and China) nations will complement the overall industry development over the forecast period. The sulfosuccinate product is an anionic surfactant and is largely utilized in detergents. It is also utilized as dispersants and solubilizers. Increasing demand for sulfosuccinates in enhanced oil recovery is also creating an opportunity for the sulfosuccinates market. Sulfosuccinate surfactant compounds are mixed in binary and ternary combinations to yield synergistic sulfosuccinate surfactant systems and are used in hydraulic fracturing applications and in improved oil recovery process.

A huge volume of sulfosuccinate companies felt the impact of the COVID-19 outbreak in multiple dimensions and are now highlighting sustained development in long term. As the worldwide sulfosuccinate and other chemical industries play a major role in the economic recovery of nations, sulfosuccinates companies are expected to observe possible opportunities in the short-term period.

This research report categorizes the market for sulfosuccinate based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the sulfosuccinate market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the sulfosuccinate market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as source and application of the sulfosuccinate market.

Market Dynamics

Drivers

  • Increasing Personal Care Product Demand

  • Increasing Household Cleaning and Detergents Demand

Restraints

  • Stringent Environmental Legislations

Opportunities

  • Increasing Demand for Sulfosuccinate in Enhanced Oil Recovery

Challenges

  • Growing Focus Towards Bio-Based Surfactants

Companies Mentioned

  • The Dow Chemical Company

  • Indorama Ventures Public Company Limited

  • Stepan Company

  • Solvay S.A

  • Evonik Industries

  • Nouryon

  • Innospec Inc

  • Clariant Ag

  • Croda International plc

  • Fengchen Group Co Ltd

  • Henan Surface Chemical Industry Co Ltd

  • Jlk Industries

For more information about this report visit https://www.researchandmarkets.com/r/932v6t

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005665/en/

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