Sellbyville, DE -- (SBWIRE) -- 11/13/2018 -- Sulfosuccinate market is anticipated to reach over USD 470 million by 2024 according to this new research report.The product has several uses in various end-use industries such as pharmaceuticals, personal care industry, industrial applications, household products, etc. The growing personal care industry will propel the demand for the product. The flourishing skincare business is expected to generate a revenue of more than USD 150 million in 2024. The increased per capita income of people has raised the demand for personal care products, which will ramp up the product Sulfosuccinate market growth.

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Household cleaners & detergents and dish washing liquid are an integral part of every household. The improved hygiene standards and changed consumer lifestyle will contribute to a rising growth trajectory. Rising health concerns will also stimulate the industry of household cleaners & detergents.

Increasing health disorders have led to an increased the consumption of tablets and syrups which will boost the pharmaceutical industry. The product is used as a lubricant and emulsifier in the medicines. The demand for the product in oil recovery operation will create opportunities for Sulfosuccinate market players. The product finds its application in fur and leather industries which will further add augment the growth of this industry.

The replacement of the product by bio-based alcohol ether sulfate in personal care and detergent industries can obstruct the growth of the Sulfosuccinate market. The stringent regulations of regulatory authorities such as REACH and EPA can pose a challenge for the product industry. Sulfosuccinate faces challenging environmental and regulatory pressure regarding its production, transportation, packaging and disposal, which can hamper the product market growth.

The product finds applications in products such as baby shampoos, household cleaners & detergents, tablets, syrups, etc. The household detergent market is poised to exceed Sulfosuccinate market volume of 60 kilo tons by 2024. The application of the product as a surfactant in detergents will proliferate the product Sulfosuccinate market share. The diverse uses of the product in cleansing formulations, paints and coatings, textiles, polymers, printing, agriculture, leather, etc. will fuel the Sulfosuccinate market growth.

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North America will experience noticeable gains owing to the flourishing pharmaceutical sector in the U.S. Mining and drilling applications will further augment the Sulfosuccinate market growth in the region. The consumption of personal care products is high in Europe, which will contribute to the growth of the industry. The product Sulfosuccinate market in Asia Pacific is expected to witness growth at a noticeable rate of 6.5%. The growing personal care and healthcare industries will drive the product Sulfosuccinate market in the coming years.

The key Sulfosuccinate market players in the industry include Huntsman Corporation, Stepan Company, The Dow Chemical Company, MFG Chemical Inc., Cytec Industries Inc., Evonik Industries AG, Air Products and Chemicals, Inc., Dupont, Clariant AG, Croda International, Henkel AG & Co. and KAO Corporation. Acquisitions, mergers and capacity expansion are few strategies followed by the companies.

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