Global fatty methyl ester sulfonate (FMES) market is expected to witness significant growth on account of increasing demand in various applications including soap, slurry, washing powder, house detergents, and liquid detergents over the next seven years. Growing personal care & detergent sector in various countries including in India, China, Brazil, Thailand, Saudi Arabia and UAE is expected to increase market penetration over the forecast period.
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Rising disposable income coupled with urbanization will drive demand for personal care & detergents which in turn will propel industry growth. Mounting consumption for fatty methyl ester sulfonate in laundry applications owing to superior washing performance and physicochemical properties will create immense potential for market expansion. In addition, increasing demand on account of high biodegradability will spur industry growth. Rising consumption pertaining to low cost, energy saving and reduction of organic load in wastes discharged in the environment will stimulate growth.
Growing awareness regarding liquid laundry detergent and growing industrial investments in emerging economies such as India and China are expected to fuel growth of liquid laundry detergent sector in this region. Increasing consumption in light of good water solubility, wetting power, water hardness stability, detergent power, and skin compatibility is expected to fuel demand over the forecast period. Fatty methyl ester sulfonateoffers a viable cost alternative to the linear alkyl benzene sulfonates which are currently used by detergent producers, thereby increasing its market size over the upcoming years.
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Inexpensive raw material prices, high availability, low production cost coupled with low toxicity will open new market avenues over the forecast period. Rising consumption of compact powder, conventional powder, liquid, bars & creams, liquid dish wash, hand wash and body shampoo is likely to spur industry expansion over the next seven years. Increasing investment by major players in various countries including Singapore, Malaysia, Thailand, China, Brazil, and Africa will drive the market.
Asia Pacific was a prominent market and is expected to show rapid growth owing to high growth in end-use industries including personal care, soap/detergent, oilfield chemical, food, and pharmaceuticals in China, Australia, and India. High demand for soaps and detergents in South East Asia is likely to increase demand over the forecast period. High enlargement in textile industry along with economic growth in Asia Pacific will propel demand over the forecast period.
North America will witness substantial growth over the forecast period on account of numerous players in the U.S. and Canada along with increasing personal care and textile sector in the regions. MEA and Latin America will augment demand as a result of high consumption of personal care products, increasing disposable income and high living standard of consumers.
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