Global Sodium Cocoyl Isethionate market, which accrued revenue worth 136.46 (USD Million) in 2019, will register a CAGR of nearly 6.7% during the period from 2020 to 2026.
New York, United States - November 3, 2020 /MarketersMedia/ —
As per the report released by Zion Market Research, in 2019, the valuation of the global sodium cocoyl isethionate market was registered to be around $136.46 million and is projected to attain about $223.46 million by 2026 expanding at approx 6.7% CAGR during the forecast period. There is a great level of competition within the global sodium cocoyl isethionate market. The prominent players vigorously active in the sodium cocoyl isethionate market include Innospec Inc., Galaxy Surfactants Ltd., Clariant International Ltd., JEEN International Corporation, Akzo Nobel N.V., BASF SE, Taiwan NJC Corporation, KIYU New Material Co. Ltd., Huanggang Yongan Pharmaceutical Co. Ltd., and Henan Surface Chemical Industry Co. Ltd., among others.
Flourishing Personal Care Industry To Spur The Demand For Sodium Cocoyl Isethionate
During the forecast period, the global sodium cocoyl isethionate market is anticipated to observe substantial growth owing to the thriving personal care industry in budding nations. Further, the rising research & development by chemical manufacturers to form mild anionic surfactants, with lesser skin irritancy, is the key reason driving the growth of the market. As a surfactant, the oils are solubilized and the surface tension is reduced by the product, making it easy to achieve the wettability tendency. An increase in product demand for a number of waterless products like cleansers, toners, and face wash is also anticipated to propel the personal care industry further boosting the market growth. Nevertheless, formulating cost-effective, high-performance, sulfate-free products are likely to obstruct the market growth in the coming period.
The sodium cocoyl isethionate market is bifurcated based on type, application, and region. The type segment of the market is divided into powders, needles & flakes, and granules. The market, on the basis of application, is categorized into skin care, hair care, baby care, and oral care. The skin care segment is further sub-segmented into soaps & cleansers, shower gels, and shaving foams, while the hair care segment is sub-divided into conditioners, shampoos, and hairstyling products.
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North America Is Anticipated To Dominate The Global Market During The Forecast Period
The leading region within the global sodium cocoyl isethionate market is projected to be North America as it is a noteworthy consumer and manufacturer of sodium cocoyl isethionate. Further, Asia Pacific and Europe are also among the major sodium cocoyl isethionate consumers in the world, whereas the Middle East & Africa and Latin America have comparatively smaller market. Nevertheless, the market is projected to progress at a modest rate in these regions on account of the considerable expansion of the personal care and cosmetics industry. Further, increasing consumer inclination toward sulfate-free skin-friendly products is expected to drive the sodium cocoyl isethionate demand in the coming years. Worries about damaging impacts of products containing alkyl ether sulfate and alkyl sulfate are also expected to spur the need for mild surfactants like sodium cocoyl isethionate. Moreover, the rise in urbanization, increase in customers’ disposable income, and expansion in the fashion industry are key factors propelling the demand for numerous beauty products within the personal care industry.
The global sodium cocoyl isethionate market is segmented as follows:
By Type
Powder
Needles & flakes
Granules
By Application
Skin care
Hair care
Baby care
Oral care
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Source: MarketersMedia
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