The global sulfonic acid market is envisioned to garner $1.7 billion by 2031, growing from $700.1 million in 2021 at a CAGR of 9.2% from 2022 to 2030.
The rising usage of sulfonic acid in batteries, which aids in energy storage, has raised demand from the automotive industry. As the number of electric vehicles increases, so does the demand for sulfonic acid in the automotive industry. Sulfonic acid is used in a range of industries, including metal, automotive, and agricultural, where it is used as fertilizer. Sulfonic acid is mostly utilized in the metal sector as a cleaning agent, and for avoiding corrosion.
The fast development of demand for liquid detergents across several end-use industries, including food and beverage, household, and textiles, is driving the global market for sulfonic acid. Sulfonic acid is also an active component utilized in the soap and detergent industry. It has excellent capabilities and enormous advantages. As a result, it is expected that the global sulfonic acid market would expand more positively in the coming years. All these factors are anticipated to fuel the sulfonic acid market share.
However, environmental concerns associated with sulfonic acid plants are projected to hinder market progress during the forecast period. Inhaling sulfonic acid can cause irritation, leading in coughing, wheezing, and/or shortness of breath.
In order to make industrial processes more environmentally friendly, various attempts are now being made to replace the more prevalent homogeneous catalysts with heterogeneous ones. Acid catalysis is widely utilized in the chemical industry. According to this viewpoint, sulfonic solid acid materials are a respectable substitute for homogeneous mineral acid in a number of acid-catalyzed reactions.
The COVID-19 pandemic has produced various problems that have severely hampered the expansion of the sulfonic acid industry due to low demand from residential and commercial applications. Due to labor scarcity and lockdowns imposed in many nations, the sulfonic acid production plants were shuttered for an unprecedented period of time. Similarly, the chemical sector's sulfonic acid demand was hampered by a delay in raw material availability. In the chemical industry, for example, sulfonic acid is used to make olefins, detergents and surfactants, catalysts, and other products. These initiatives are expected to drive the sulfonic acid market size throughout the analysis period.
The key players profiled in this report include Vinati Organics Ltd, Cepsa, Stepan Company, Arkema SA, Kuantum Corp. Co., Ltd., Nandadeep Chemicals Private Limited, BASF SE, National Company for Sulfur Products, Vizagchemicals, and New India Detergents.
The rising usage of sulfonic acid in batteries, which aids in energy storage, has raised demand from the automotive industry. As the number of electric vehicles increases, so does the demand for sulfonic acid in the automotive industry. Sulfonic acid is used in a range of industries, including metal, automotive, and agricultural, where it is used as fertilizer. Sulfonic acid is mostly utilized in the metal sector as a cleaning agent, and for avoiding corrosion.
The fast development of demand for liquid detergents across several end-use industries, including food and beverage, household, and textiles, is driving the global market for sulfonic acid. Sulfonic acid is also an active component utilized in the soap and detergent industry. It has excellent capabilities and enormous advantages. As a result, it is expected that the global sulfonic acid market would expand more positively in the coming years. All these factors are anticipated to fuel the sulfonic acid market share.
However, environmental concerns associated with sulfonic acid plants are projected to hinder market progress during the forecast period. Inhaling sulfonic acid can cause irritation, leading in coughing, wheezing, and/or shortness of breath.
In order to make industrial processes more environmentally friendly, various attempts are now being made to replace the more prevalent homogeneous catalysts with heterogeneous ones. Acid catalysis is widely utilized in the chemical industry. According to this viewpoint, sulfonic solid acid materials are a respectable substitute for homogeneous mineral acid in a number of acid-catalyzed reactions.
The COVID-19 pandemic has produced various problems that have severely hampered the expansion of the sulfonic acid industry due to low demand from residential and commercial applications. Due to labor scarcity and lockdowns imposed in many nations, the sulfonic acid production plants were shuttered for an unprecedented period of time. Similarly, the chemical sector's sulfonic acid demand was hampered by a delay in raw material availability. In the chemical industry, for example, sulfonic acid is used to make olefins, detergents and surfactants, catalysts, and other products. These initiatives are expected to drive the sulfonic acid market size throughout the analysis period.
The key players profiled in this report include Vinati Organics Ltd, Cepsa, Stepan Company, Arkema SA, Kuantum Corp. Co., Ltd., Nandadeep Chemicals Private Limited, BASF SE, National Company for Sulfur Products, Vizagchemicals, and New India Detergents.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global sulfonic acid market analysis from 2021 to 2031 to identify the prevailing global sulfonic acid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global sulfonic acid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global global sulfonic acid market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Acid Catalysts
- Detergent and Surfactant
- Detergent and Surfactant
- Heavy-duty Laundry Liquid
- Laundry Powder
- Light-duty Dish-washing Liquid
- Industrial Cleaners
- Household Cleaners
- Paper Making
- Pharmaceutical
By End-use Industry
- Construction
- Cosmetic and Personal Care
- Paints and Coatings
- Chemical Manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Vinati Organics Ltd
- Cepsa
- Stepan Company
- Arkema SA
- Kuantum Corp. Co., Ltd.
- Nandadeep Chemicals Private Limited
- BASF SE
- national company for sulphur products
- Vizagchemicals
- New India Detergents
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL SULFONIC ACID MARKET, BY APPLICATION
CHAPTER 5: GLOBAL SULFONIC ACID MARKET, BY END-USE INDUSTRY
CHAPTER 6: GLOBAL SULFONIC ACID MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Global Sulfonic Acid Market," the global sulfonic acid market was valued at $700.15 million in 2021, and is estimated to reach $1.7 billion by 2031, growing at a CAGR of 9.2% from 2022 to 2031.An exceptionally potent organic acid with an acidity similar to that of inorganic acids is sulfonic acid. Sulfonic acids are sulfuric acids having one of the hydroxyl groups replaced by an organic substituent. The source chemical is the tautomer of sulfuric acid, S(=O)(OH)2, the parent sulfonic acid, HS(=O)2(OH) with the organic group replaced by hydrogen. Any group of organic acids having the general formula RSO3H, wherein R is an organic combining group, is referred to as sulfonic acid, also spelt as sulphonic. Sulfonic acids rank among the most significant of the organosulfur compounds; the free acids are frequently used as catalysts in organic synthesis, while the salts and other derivatives serve as the building blocks for the production of detergents, water-soluble dyes and catalysts, sulfonamide pharmaceuticals, and ion-exchange resins.
Sulfonic acid is an important industrial chemical used in the manufacture of fertilizers. Half of the world's sulfonic acid is used in farming and agriculture primarily as fertilizer. Sulfonic acid has wide range of applications in automotive, construction, packaging, chemicals, paints & coatings, appliances, and other industries. It is the building block for the manufacturing of various products. For instance, sulfonic acid is used in the production of acetic acid which is a chemical derivate used in paints, fleece, and adhesives. Also, sulfonic acid used for the production of silicone has applications in insulation, lubricants, sealants, and medical equipment. Similarly, sulfonic acid used for the production of olefins is used for the manufacturing of plastics, polypropylene, ethyl propylene, and others. This is majorly owing to the low production cost of sulfonic acid and its clean-burning properties.
Sulfonic acid is commonly used in the chemical industry; however, due to its strong acidity, usual measures must be taken when handling, storing, and exposing this material to the environment. In addition, in severe situations, it might result in burns, and eye, and lung irritation. All these factors are anticipated to hinder the sulfonic acid market growth.
The market also offers growth opportunities to the key players in the market. The growing usage of sulfonic acid in day-to-day applications is predicted to generate excellent growth opportunities. For instance, due to the rising use of electronics in daily life, sales in the electroplating industry will increase. Sulfonic acid is often used in the textile and garment sectors for scouring, sizing materials, soaping all textiles, and eliminating grease from clothing. The use of sulfonic acid is expanding as a result of increased investments and the development of new facilities in the textile and apparel sector. In addition, to maintain hygiene, hospitals typically use sulfonic acid-based detergents for cleaning and washing patient and healthcare worker garments. Also, industry cleanliness regulations in the food and beverage, pharmaceutical, healthcare, chemicals, and many other industries have boosted the need for industrial cleaning detergents, which has increased demand for the sulfonic acid market.
The sulfonic acid market is segmented into, application, detergent and surfactant, end-use industry, and region. On the basis of application, the market is categorized into acid catalysts, detergent and surfactant, paper making and pharmaceutical. On the basis of End-use Industry, it is fragmented into Construction Cosmetic and Personal Care, Paints and Coatings, Chemical Manufacturing and Others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
The key players profiled in the study include Vinati Organics Ltd, Cepsa, Stepan Company, Arkema SA, Kuantum Corp. Co., Ltd., Nandadeep Chemicals Private Limited, BASF SE, National Company for Sulfur Products, Vizagchemicals, and New India Detergents . The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in Ludwigshafen, Germany - May 5, 2022, global supply for methane sulfonic acid (MSA) has consistently climbed. This development is motivated by a rising popularity in environmentally optimized goods and compositions. BASF has financed a greater double-digit million-euro investment to boost manufacturing capacity at the Verbund location in Ludwigshafen in response to increasing market demands.
Key Market Insights
- By application, the detergent and surfactant segment was the highest revenue contributor to the market in 2021. However, the acid catalysts segment is estimated to be the fastest growing during the forecast period.
- Based on End-use Industry, the chemical manufacturing segment was the highest revenue contributor to the market in 2021. However, the surface mining segment is projected to be the fastest growing during the forecast period.
- Based on region, Europe was the highest revenue contributor, accounting for $316.8 million in 2021, and is estimated to reach $761.6 million by 2031, with a CAGR of 9.3%
Companies Mentioned
- Vinati Organics Ltd
- Cepsa
- Stepan Company
- Arkema SA
- Kuantum Corp. Co., Ltd.
- Nandadeep Chemicals Private Limited
- BASF SE
- national company for sulphur products
- Vizagchemicals
- New India Detergents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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About the Sulfonic Acids Market
The Sulfonic Acids market is a sector of the chemical industry that produces and sells sulfonic acids and their derivatives. Sulfonic acids are organic compounds that contain sulfur and a carboxylic acid group. They are used in a variety of applications, including detergents, pharmaceuticals, and dyes. Sulfonic acids are produced through a variety of processes, including sulfonation, sulfation, and sulfonation-oxidation. The most common method of production is sulfonation, which involves the Read more
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