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Global Methyl Ester Sulfonate Market to Grow at a CAGR of 14% over the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Methyl Ester Sulfonate Market Report and Forecast 2022-2027’, the global methyl ester sulfonate market reached a volume of around 0.7 million metric tons in 2020. The industry is further expected to witness a healthy growth rate and is projected to display a CAGR of 14% between 2022 and 2027 to reach a volume of nearly 1.5 million metric tons by 2026.

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.

Market Breakup by Applications and Regions:

  • Methyl ester sulfonate finds application in the laundry and dishwashing sectors, among others. 
  • Region-wise, the global methyl ester sulfonate market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for powder detergents and dishwashing detergents, particularly from emerging economies like India and China, is driving the global market for methyl ester sulfonate. 
  • With the growing global concern regarding the environment, the demand for methyl ester sulfonate has increased as it is a biodegradable substitute for petrochemical-derived LAS, a surfactant used in detergents, thus, further aiding the market.
  • The excellent surfactant properties of methyl ester sulfonate , as well as its low price over LAS, has increased its demand among manufacturers, providing further impetus to the market for its growth.

Key Offerings of the Report:

  • The EMR report gives a detailed insight into the applications and regional markets of methyl ester sulfonate for the periods (2017-2021) and (2022-2027). 
  • The report gives the regional historical (2017-2021) and forecast (2022-2027) price trends of methyl ester sulfonate. 
  • The key demand and price indicators have also been provided within the report.

The major players in the global methyl ester sulfonate market are Chemithon Corporation, Wilmar International Limited, KLK Oleo, Stepan Company, Lion Corporation, and Zanyu Technology Group CO., Ltd., 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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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