Global Sulfonic Acid Market By Application (Acid Catalysts, Detergent and Surfactant, Paper Making, Pharmaceutical), By End-use Industry (Construction, Cosmetic and Personal Care, Paints and Coatings, Chemical Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global sulfonic acid market is envisioned to garner $1.7 billion by 2031, growing from $700.1 million in 2021 at a CAGR of 9.2% from 2022 to 2030.
The rising usage of sulfonic acid in batteries, which aids in energy storage, has raised demand from the automotive industry. As the number of electric vehicles increases, so does the demand for sulfonic acid in the automotive industry. Sulfonic acid is used in a range of industries, including metal, automotive, and agricultural, where it is used as fertilizer. Sulfonic acid is mostly utilized in the metal sector as a cleaning agent, and for avoiding corrosion.
The fast development of demand for liquid detergents across several end-use industries, including food and beverage, household, and textiles, is driving the global market for sulfonic acid. Sulfonic acid is also an active component utilized in the soap and detergent industry. It has excellent capabilities and enormous advantages. As a result, it is expected that the global sulfonic acid market would expand more positively in the coming years. All these factors are anticipated to fuel the sulfonic acid market share.
However, environmental concerns associated with sulfonic acid plants are projected to hinder market progress during the forecast period. Inhaling sulfonic acid can cause irritation, leading in coughing, wheezing, and/or shortness of breath.
In order to make industrial processes more environmentally friendly, various attempts are now being made to replace the more prevalent homogeneous catalysts with heterogeneous ones. Acid catalysis is widely utilized in the chemical industry. According to this viewpoint, sulfonic solid acid materials are a respectable substitute for homogeneous mineral acid in a number of acid-catalyzed reactions.
The COVID-19 pandemic has produced various problems that have severely hampered the expansion of the sulfonic acid industry due to low demand from residential and commercial applications. Due to labor scarcity and lockdowns imposed in many nations, the sulfonic acid production plants were shuttered for an unprecedented period of time. Similarly, the chemical sector's sulfonic acid demand was hampered by a delay in raw material availability. In the chemical industry, for example, sulfonic acid is used to make olefins, detergents and surfactants, catalysts, and other products. These initiatives are expected to drive the sulfonic acid market size throughout the analysis period.
The key players profiled in this report include Vinati Organics Ltd, Cepsa, Stepan Company, Arkema SA, Kuantum Corp. Co., Ltd., Nandadeep Chemicals Private Limited, BASF SE, National Company for Sulfur Products, Vizagchemicals, and New India Detergents
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global sulfonic acid market analysis from 2021 to 2031 to identify the prevailing global sulfonic acid market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the global sulfonic acid market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global global sulfonic acid market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Acid Catalysts
Detergent and Surfactant
Detergent and Surfactant
Heavy-duty Laundry Liquid
Laundry Powder
Light-duty Dish-washing Liquid
Industrial Cleaners
Household Cleaners
Paper Making
Pharmaceutical
By End-use Industry
Construction
Cosmetic and Personal Care
Paints and Coatings
Chemical Manufacturing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
United Arab Emirates
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Vinati Organics Ltd
Cepsa
Stepan Company
Arkema SA
Kuantum Corp. Co., Ltd.
Nandadeep Chemicals Private Limited
BASF SE
national company for sulphur products
Vizagchemicals
New India Detergents
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