Global Methyl Ester Sulfonate Market to Reach $1.5 Billion by 2030
The global market for Methyl Ester Sulfonate estimated at US$784.5 Million in the year 2023, is expected to reach US$1.5 Billion by 2030, growing at a CAGR of 9.6% over the analysis period 2023-2030. Detergents Application, one of the segments analyzed in the report, is expected to record a 10.2% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Personal Care Application segment is estimated at 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $204.6 Million, While China is Forecast to Grow at 12.7% CAGR
The Methyl Ester Sulfonate market in the U.S. is estimated at US$204.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$341.4 Million by the year 2030 trailing a CAGR of 12.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 7.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$225.9 Million by the year 2030.
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