PUBLISHER: The Business Research Company | PRODUCT CODE: 1526954
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526954
Fatty methyl ester sulfonate (FMES) belongs to the category of anionic surfactants derived from renewable sources, typically derived from vegetable oils. These surfactants are produced by sulfonating fatty acid methyl esters, which are themselves created through the esterification of fatty acids with methanol. FMES finds utility in a range of household and personal care products due to its cleansing and foaming characteristics.
The primary packaging options for fatty methyl ester sulfonate include barrels, bags, drums, and other packaging types. Barrels are large cylindrical containers utilized for storing and transporting FMES in bulk quantities. FMES is available in various forms such as powder, flakes, and paste, with applications spanning detergents, personal care products, industrial cleaners, and more. End-users of FMES encompass pharmaceuticals, cosmetics, personal care products, home and industrial cleaning products, and various other industries.
The fatty methyl ester sulfonate market research report is one of a series of new reports from The Business Research Company that provides fatty methyl ester sulfonate market statistics, including fatty methyl ester sulfonate industry global market size, regional shares, competitors with a fatty methyl ester sulfonate market share, detailed fatty methyl ester sulfonate market segments, market trends, and opportunities, and any further data you may need to thrive in the fatty methyl ester sulfonate industry. This fatty methyl ester sulfonate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry
The fatty methyl ester sulfonate market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth observed in the historic period can be attributed to several factors, including the increasing demand for sustainability-driven products, a rise in the cosmetics industry, a growing demand for pharmaceuticals, increased utilization of fatty methyl ester sulfonate (FMES), and a heightened demand for laundry detergents.
The fatty methyl ester sulfonate market size is expected to see rapid growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The projected growth in the forecast period can be attributed to several factors, including the rising consumption of fatty methyl ester sulfonate (FMES), regulatory initiatives promoting sustainable products, the emergence of new markets, rapid urban population growth, and escalating environmental concerns. Major trends expected in this period include a heightened focus on product performance and cost-effectiveness, increased investments in research and development, advancements in technology, and growing consumer awareness regarding sustainable and eco-friendly products.
The fatty methyl ester sulfonate market is set to grow due to the rapid development of the cosmetics industry. This industry encompasses beauty and personal care products such as makeup, skincare, and haircare, with factors such as increasing demand, eco-friendliness, skin-friendly properties, and digital marketing driving its growth. Fatty methyl ester sulfonate plays a role in this development due to its effective cleansing properties, mildness, eco-friendliness, and regulatory compliance. For instance, in 2022, the cosmetic industry's retail sales saw a significant increase, reaching £8.94 billion ($10.78 billion) from £8.49 billion ($10.40 billion) in 2021, reflecting the impact of the growing cosmetics industry on the fatty methyl ester sulfonate market.
Environmental concerns are expected to boost the fatty methyl ester sulfonate market. These concerns stem from human activities and are addressed through sustainable practices, clean technologies, and support for renewable energy. Fatty methyl ester sulfonate contributes to environmental mitigation with its use of renewable feedstocks, biodegradability, reduced environmental impact, and ease of regulatory compliance. For example, in June 2023, the predicted expenditure on environmental protection for UK enterprises is projected to increase by 10.5%, reflecting the growing focus on environmental issues. This trend drives the growth of the fatty methyl ester sulfonate market.
In April 2023, KLK Emmerich GmbH acquired Temix Oleo for undisclosed terms, aiming to expand its product range and geographic presence in the oleochemical industry, emphasizing sustainability and innovation. Temix Oleo SpA, an Italy-based oleochemical company specializing in fatty methyl ester sulfonates, was the target of this acquisition.
Major companies operating in the fatty methyl ester sulfonate market are Procter & Gamble, Wilmar International Ltd., Kao Corporation, Clariant AG, KLK OLEO, Lion Corporation, Stepan Company, ISU Chemical, KLK Emmerich GmbH, K2 Industries, Godrej Industries, FENCHEM, Alfa Aesar, Emery Oleochemicals, Jinling Petrochemical Co., Ltd, KPL International Limited, Chemithon Corporation, Krishi Oils Limited, Lasenor Emul, SIDCO, Surfactant Detergent Company ltd., Sun Products, Jinchang Chemicals, Cosmique Pvt. Ltd.
Asia-Pacific was the largest region in the fatty methyl ester sulfonate market in 2023. The regions covered in the fatty methyl ester sulfonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fatty methyl ester sulfonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fatty methyl ester sulfonate market consists of sales of laundry detergents, softening agents, household cleaners, and viscosity modifiers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fatty Methyl Ester Sulfonate Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fatty methyl ester sulfonate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fatty methyl ester sulfonate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fatty methyl ester sulfonate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.