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The global methyl ester sulfonate market is being driven by the increasing demand for biodegradable products to produce environmental-friendly detergents to reduce the carbon footprint in the environment. The Asia Pacific is the leading market for methyl ester sulfonate, occupying nearly 80% of the supply market share. The industry in the Asia Pacific region is being driven by the high growth rate of powder detergents in the emerging economies of the region like India and China. The Asia Pacific is followed by North America as the other significant market for methyl ester sulfonate. The expansion of the methyl ester sulfonate market is supporting the growth of its consumers in the detergents industry like Unilever (NYSE: UL) and the Procter & Gamble (NYSE: PG).
The capacity addition for methyl ester sulfonate is rapidly increasing, mainly in the Asia Pacific, due to an anticipated increase in demand for methyl ester sulfonate as a potential substitute for LAS, due to increasing LAS price in Asia. While the current installed capacity will be sufficient to meet the global demand until 2022, Lion Corporation, a leading player in the methyl ester sulfonate industry, announced an increase of its capacity by 100,000 metric tons by the end of 2018, to meet the growing future demand in the Asia Pacific.
Wilmar International Limited (SGX: F34) is a leading manufacturer of methyl ester sulfonate, with a total capacity of 200,000 metric tons and a diversified presence in the Asia Pacific regions, like China, India, and Indonesia. The company is involved in the production of palm oil-based methyl ester sulfonate, which is providing an edge to the company over the other players in the market. The company is benefitting from the high raw material availability in China, India, and Indonesia due to favourable conditions for palm oil production.
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The major players in the global methyl ester sulfonate market are Chemithon Corporation, Wilmar International, KLK Oleo, Stepan Company, Lion Corporation, Jiaxing Zanyu Technology Development Co., Ltd., and P&G Chemicals, among others. This comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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