According to a new report by EMR titled, ‘Global Methyl Ester Sulfonate Market Report and Forecast 2020-2025’, the global methyl ester sulfonate market reached a volume of around 0.7 million metric tons in 2019. The industry is further expected to witness a healthy growth rate and is projected to display a CAGR of 14% between 2020 and 2025 to reach a volume of nearly 1.5 million metric tons by 2025.
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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).
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Market Breakup by Applications:
1 Laundry
2 Dishwashing
3 Others
Market Breakup by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
1 Chemithon Corporation
2 Wilmar International
3 KLK Oleo
4 Stepan Company
5 Lion Corporation
6 Jiaxing Zanyu Technology Development Co., Ltd.
7 P&G Chemicals
8 Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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