PUBLISHER: The Business Research Company | PRODUCT CODE: 1436695
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436695
Sodium cocoyl isethionate, derived from coconut oil, finds primary use in producing bath soaps and cleaning agents for beauty and personal care products.
The report on the sodium cocoyl isethionate market examines its segmentation based on type, including powder, needles and flakes, and granules. Moreover, it categorizes the product types as cleansing sodium cocoyl isethionate, hair conditioning sodium cocoyl isethionate, surfactant sodium cocoyl isethionate, and other variations. These classifications align with various applications spanning skincare, hair care, baby care, oral care, and additional usage areas.
The sodium cocoyl isethionate market research report is one of a series of new reports from The Business Research Company that provides sodium cocoyl isethionate market statistics, including sodium cocoyl isethionate industry, sodium cocoyl isethionate global market size, regional shares, competitors with a sodium cocoyl isethionate market share, detailed sodium cocoyl isethionate market segments, market trends and opportunities, and any further data you may need to thrive in the sodium cocoyl isethionate industry. This sodium cocoyl isethionate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sodium cocoyl isethionate market size has grown strongly in recent years. It will grow from $0.18 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historic period can be attributed to various factors. These include the increasing consumer demand for mild surfactants in personal care products, the rising popularity of solid bar products, the growth and preference for natural and organic ingredients in personal care items, the heightened awareness surrounding sensitive skin care, and the growing preference among consumers for sulfate-free formulations. Each of these factors contributed significantly to the observed growth and evolution of the personal care industry during that period.
The sodium cocoyl isethionate market size is expected to see strong growth in the next few years. It will grow to $0.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. Anticipated growth in the forecast period is expected to stem from several key factors. These include the sustained demand for gentle surfactants within personal care products, ongoing innovation in solid personal care items, a heightened emphasis on biodegradability and sustainability in product formulations, an expanded range of offerings in the baby care segment, and the sustained popularity of facial cleansers. Additionally, major trends projected for this period encompass innovations in multifunctional formulations, a strong focus on mildness catering to sensitive skin care needs, increased adoption in baby care and dermatological products, a rising demand for high-foaming hair care products, and the global expansion of applications for sodium cocoyl isethionate across various product segments. These trends are poised to shape the trajectory of the personal care industry in the forecast period.
The expanding demand for skincare commodities is set to steer the sodium cocoyl isethionate market's growth in forthcoming years. Within self-care routines, skincare products such as facial masks and body scrubs hold significant value. Sodium cocoyl isethionate, acting as a solvent facilitating the amalgamation of water, oil, and dirt for cleansing purposes, finds extensive application across numerous skincare products, from facial cleansers to styling agents. As per Trefis, a financial research entity, the global skincare industry, valued at nearly $135 billion, exhibited a robust 60% surge over the past decade. Forecasts by Trefis indicate an anticipated rise to $180 billion by 2023, marking a growth of over 30%. Hence, the surging demand for skincare items propels the sodium cocoyl isethionate market's expansion.
The ascent of self-care practices is anticipated to steer the sodium cocoyl isethionate market's growth. Self-care, focusing on individuals' well-being, often involves skincare and personal care products leveraging sodium cocoyl isethionate due to its mild properties. Reports from Self-Care Cabin in 2023 indicate heightened awareness, with 73% of individuals prioritizing self-care and 69% intending to integrate more self-care activities into their routines. This trend drives the expansion of the sodium cocoyl isethionate market.
Innovation in product technologies characterizes the sodium cocoyl isethionate market, with companies emphasizing efficient and natural surfactants for personal care products. Innospec's Iselux technology, sulfate and 1,4-dioxane-free, gained approval for use in China in January 2022, expanding its market reach significantly. Renowned for its mildness and suitability for sensitive skin, Iselux elevates the quality of personal care products, emphasizing a premium user experience in the competitive market.
Key entities in the sodium cocoyl isethionate sector are innovating to address the escalating demand for effective and natural surfactants in personal care and cosmetic products, exemplified by the development of products such as Plantapon Soy. Launched in April 2022 by BASF, Plantapon Soy is a bio-based surfactant derived from soy protein and coconut oil. Comprising non-GMO soybeans and coconut oil, this surfactant meets natural cosmetic standards, offering an alternative for sulfate or ethylene oxide derivative-containing surfactants while catering to vegan formulations and cruelty-free practices.
In October 2022, Clariant AG, a Switzerland-based chemical company, completed the acquisition of BASF Attapulgite business assets for $60 million. This strategic move enhances Clariant AG's position in the adsorbent clays market, particularly attapulgite, bolstering its technological edge. The acquisition extends Clariant's footprint in North America, aligning with its sustainability-focused growth strategy and reinforcing its commitment to innovative and sustainable solutions. BASF, a globally recognized manufacturer of sodium cocoyl isethionate, divested its attapulgite business assets to Clariant AG.
Major companies operating in the sodium cocoyl isethionate market report are BASF SE, L'Oreal S.A., Solvay SA, Akzo Nobel N.V., Clariant International Ltd., Nouryon Chemicals Co. Ltd., Stepan Company, Sino Lion USA Ltd., Innospec Inc., Aegischem Ltd., Galaxy Surfactants Ltd., Chemistry Connection, Huanggang Yongan Pharmaceutical Co. Ltd., Huzhou Zhanwang Pharmaceutical Co. Ltd., Colonial Chemical Inc., Columbus Chemical Industries Inc., Vantage Specialty Ingredients Pvt. Ltd., Matangi Industries LLP, JEEN International Corporation, Shijiazhuang City Horizon Chemical Industry Co. Ltd., Ithos Global Inc., Earth Science Naturals Inc., Taiwan Nihon Jakie Corporation, KIYU New Material Co. Ltd., Henan Surface Chemical Industry Co. Ltd., Millchem-Akott LP, Wuhan Glorious Chemical Co. Ltd., Shanghai Bett Chemical Co. Ltd., Bafeorii Chemical Co. Ltd., Starchem Enterprises Limited
North America was the largest region in the sodium cocoyl isethionate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the sodium cocoyl isethionate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sodium cocoyl isethionate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sodium cocoyl isethionate market consists of sales of raw materials for the preparation of sodium cocoyl isethionate including hydroxyethyl sodium sulfonate and coconut oil acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Sodium Cocoyl Isethionate Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sodium cocoyl isethionate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sodium cocoyl isethionate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sodium cocoyl isethionate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.