Global Fatty Methyl Ester Sulfonates (FMES) Market to register $1.58 bn growth by 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- Zion Market Research has published a new report titled "Global Fatty Methyl Ester Sulfonates (FMES) Market for Household Detergents, Personal Care Products, and Other Applications, 2014 – 2020." According to the report, the global fatty methyl ester sulfonates (FMES) market was valued at USD 0.57 billion in 2014 and is anticipated to reach USD 1.58 billion by 2020, expanding at a CAGR of 18.6% between 2015 and 2020. In terms of volume, the global fatty methyl ester sulfonates market stood at 0.46 million tons in 2014.
Europe was leading regional market for MES with over 40% share in total volume consumed in 2014. Europe was followed by North America and Asia Pacific in terms of market share respectively. Asia Pacific is expected to be the fastest growing geographical market for MES in the years to come.
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The methyl ester sulphonate (MES) market is currently in its growth phase, and participants are engaged in building product awareness to ratchet up market prospects. An outstanding aspect set to drive growth is that MES can be used as biodegradable surfactants in detergents. Usage of MES in this manner is nearly untapped but current vibration in the surfactants market for green and biodegradable raw materials to be used may lead to potential high demand for MES surfactants. End-use industries such as Household Detergents, Personal Care Products are likely to provide immense growth opportunities to manufacturers of methyl ester sulphonate.
In the area of surfactants, methyl ether sulfonate (MES) is an oleochemical substitute for linear alkyl benzene sulfonate (LABS). Until now, the development of MES has been hindered by the lack of installed production capacity but interest in this space is becoming more intense thanks to the benefits of MES. MES outscores LABS on multiple counts. It has excellent characteristics, such as high purity and actives levels, and is devoid of any volatile organic compounds. It is also gentle on the skin, has low di-salt content, is white or near-white in color and is suitable for both liquid and powder detergents.
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The biggest challenge for MES is its limitation in the liquid detergent application. MES is currently used only for heavy-duty laundry powder (HDLP). MES is not ideal for liquid products, due to the stability at low temperature. Still, it is expected to witness increasing demand for environment-friendly HDLP coming from developing countries.
Household detergents market was leading application segment for MES with over 40% share in total volume consumption globally in 2014. Personal care applications were the second largest outlet for MES in 2014. Personal care applications market for MES is expected to be the fastest growing market for MES in the years to come. Other applications include industrial cleaners, oil field chemicals, agriculture chemicals etc. This segment is expected to be a second fastest growing market for MES during the forecast period.
Browse the full report at: http://www.marketresearchstore.com/report/global-fatty-methyl-ester-sulfonates-market-for-34645
Stepan Company and Jiangsu Haiqing Biotechnology are leading MES manufacturers. Both the companies have largest installed capacities of MES in the world. Lion Corporation is another leading player in the global market. Huish Detergents, Guangzhou Lonkey Industrial Co Ltd., and KL-Kepong Oleomas also have very significant market share.
This report segments the global market as follows:
Application Segment Analysis: Household Detergents, Personal Care Products
Regional Analysis: North America(U.S.), Europe(UK, France, Germany), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
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