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Methyl ester ethoxylate market worth $139.8 M by 2021
FOCUS discussed. Downstream FAE prices have surged on higher costs of mid-cut C12-14 fatty alcohols, the key market driver. Some producers resisted operating at full production due to difficult feedstock procurement. Higher C12-14 prices also dragged output down. Capacity expansions are not expected in the near term. Demand, on the other hand, was steady throughout 2016 on stable trends in downstream consumption. Spot FAE prices increased in the last six months due to higher feedstock costs. Some buyers accommodated the hikes on a needbased purchasing pattern. Chinese FAE prices settled at an average of $1740/ tonne CIF China in early Feb 2017, up by about 62% from Feb 2016. Southeast Asian prices rose by 54% year on year to an average of $1750/ tonne CIF Southeast Asia. Suppliers will adjust their prices depending on upstream trends, while consumers will continue to purchase cautiously due to volatile feedstock costs. Demand is expected to be stable through 2017. The leading Asian ethoxylates companies include Sanjiang Fine Chemicals with 200,000 tonnes/y capacity in Zhejiang, China, Liaoning Huaxing Group Chemical with a 120,000 tonnes/y facility in Liaoning, China, and Pan Asia Chemicals with its 100,000 tonnes/y plant in Taipei, Taiwan. Original Source: ICIS Chemical Business, 24 Feb-2 Mar 2017, 291 (8), 39 (Website: http:// www.icis.com) © Reed Business Information Limited 2017
Rising demand for beauty products drives Asia Pacific surfactants market According to a research report by Transparency Market Research, the Asia Pacific surfactants market is expected to be worth $6.3 bn by the end of 2024 as compared to $4.1 bn in 2015. Between the forecast years of 2016 and 2024, the global surfactants market is expected to expand at a compound annual growth rate (CAGR) of 5.0%. By the end of 2024, the nonionic surfactants segment is expected to account for 34.2% of the overall market. The rising use of these surfactants in sectors such as oilfield chemicals, textiles and agrochemicals is expected to drive growth in the coming years. China dominated the overall Asia Pacific market in 2015 with a 43.3% share, and is expected April 2017
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to retain its stance in the coming years, though its share is expected to fall to 39.4% by the end of 2024. The increasing adoption of a wide range of personal care products is cited as the main cause of on-going growth in the region's surfactants market, further boosted by increasing incomes and shifting perceptions and lifestyles. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 8 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Methyl ester ethoxylate market worth $139.8 M by 2021 The report 'Methyl Ester Ethoxylates Market by Type (C16-C18 & C12-C14), Application (Domestic Cleaning, Industrial Cleaning, Personal Care & Others), and Region - Global Forecast to 2021', published by MarketsandMarkets, projects that the MEE market will reach $139.8 M by 2021, at a compound annual growth rate of 3.4% between 2016 and 2021. The prevalence of low-foam and lowrinse detergents and growing demand for eco-friendly detergents have increased demand for MEE. Huntsman (USA) KLK OLEO (Malaysia), Lion (Japan), Ineos Group (Switzerland), and Jet Technologies (Australia) are among the leading players in the MEE market. Original Source: MarketsandMarkets, 9 Feb 2017 (Website: http://www.marketsandmarkets. com) © MarketsandMarkets 2017
ASSOCIATED PRODUCTS Personal care products drive global preservative blends market The global market for preservative blends demonstrates a fragmented and competitive landscape with a large number of players, finds Transparency Market Research in a new research report. The leading companies, such as Dow Chemical, Lonza and Lanxess, are primarily concentrating on improving the product definition, design, commercialization and manufacturing phases, owing to the increasing demand for beauty care, home care and personal care products. Over the
coming years, these players are likely to invest heavily in R&D activities in order to introduce innovative and advanced products, which may lead to intensified competition within the market. As per the report, the market for preservative blends was worth $133.5 M in 2015. Rising at a healthy compound annual growth rate (CAGR) of 5.6% from 2016 to 2024, the market is likely to attain a value of $215.9 M by the end of the forecast period. Demand for these preservatives is highest from the personal care segment. In 2015, Asia Pacific acquired dominance in this market with a share of >35%. On the flip side, the preservative blends markets in North America and Europe are expected to witness a moderate progression in the years to come on account of their maturity. However, the budding markets in Latin America, and the Middle East and Africa (MEA) are likely to present the most profitable opportunities in the near future, as they are growing exponentially. The GCC countries are projected to emerge as the leading domestic markets in the MEA, owing to the presence of well-established market players. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 27 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Global flavours & fragrances markets to be worth c $30 bn in 2020 As reported by IAL Consultants, worldwide demand for flavours and fragrances is set to expand by 5.1%/y from $23.6 bn in 2015 to $30 bn by 2020. Asia Pacific led all regions in terms of market share, followed by North America and Western Europe. Leading end-use segments are beverages (34%) and dairy (13%) for flavours, and soap/detergents (32%), cosmetics (27%) and fine fragrances (17%) for fragrances. In 2015, Firmenich, Givaudan, IFF and Symrise held a combined 50% share. Selected regional consumption values are as follows: Africa & Middle East from $1.33 bn in 2015 to $1.67 bn in 2020; Asia from $8.53 bn to $12.19 bn; and Central/North America from $5.99 bn to $7.42 bn. Original Source: Chemical Weekly, 31 Jan 2017, 62 (26), 180 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
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Rising demand for beauty products drives Asia Pacific surfactants market According to a research report by Transparency Market Research, the Asia Pacific surfactants market is expected to be worth $6.3 bn by the end of 2024 as compared to $4.1 bn in 2015. Between the forecast years of 2016 and 2024, the global surfactants market is expected to expand at a compound annual growth rate (CAGR) of 5.0%. By the end of 2024, the nonionic surfactants segment is expected to account for 34.2% of the overall market. The rising use of these surfactants in sectors such as oilfield chemicals, textiles and agrochemicals is expected to drive growth in the coming years. China dominated the overall Asia Pacific market in 2015 with a 43.3% share, and is expected April 2017
ON
S U R FAC TA N T S
to retain its stance in the coming years, though its share is expected to fall to 39.4% by the end of 2024. The increasing adoption of a wide range of personal care products is cited as the main cause of on-going growth in the region's surfactants market, further boosted by increasing incomes and shifting perceptions and lifestyles. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 8 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Methyl ester ethoxylate market worth $139.8 M by 2021 The report 'Methyl Ester Ethoxylates Market by Type (C16-C18 & C12-C14), Application (Domestic Cleaning, Industrial Cleaning, Personal Care & Others), and Region - Global Forecast to 2021', published by MarketsandMarkets, projects that the MEE market will reach $139.8 M by 2021, at a compound annual growth rate of 3.4% between 2016 and 2021. The prevalence of low-foam and lowrinse detergents and growing demand for eco-friendly detergents have increased demand for MEE. Huntsman (USA) KLK OLEO (Malaysia), Lion (Japan), Ineos Group (Switzerland), and Jet Technologies (Australia) are among the leading players in the MEE market. Original Source: MarketsandMarkets, 9 Feb 2017 (Website: http://www.marketsandmarkets. com) © MarketsandMarkets 2017
ASSOCIATED PRODUCTS Personal care products drive global preservative blends market The global market for preservative blends demonstrates a fragmented and competitive landscape with a large number of players, finds Transparency Market Research in a new research report. The leading companies, such as Dow Chemical, Lonza and Lanxess, are primarily concentrating on improving the product definition, design, commercialization and manufacturing phases, owing to the increasing demand for beauty care, home care and personal care products. Over the
coming years, these players are likely to invest heavily in R&D activities in order to introduce innovative and advanced products, which may lead to intensified competition within the market. As per the report, the market for preservative blends was worth $133.5 M in 2015. Rising at a healthy compound annual growth rate (CAGR) of 5.6% from 2016 to 2024, the market is likely to attain a value of $215.9 M by the end of the forecast period. Demand for these preservatives is highest from the personal care segment. In 2015, Asia Pacific acquired dominance in this market with a share of >35%. On the flip side, the preservative blends markets in North America and Europe are expected to witness a moderate progression in the years to come on account of their maturity. However, the budding markets in Latin America, and the Middle East and Africa (MEA) are likely to present the most profitable opportunities in the near future, as they are growing exponentially. The GCC countries are projected to emerge as the leading domestic markets in the MEA, owing to the presence of well-established market players. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 27 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Global flavours & fragrances markets to be worth c $30 bn in 2020 As reported by IAL Consultants, worldwide demand for flavours and fragrances is set to expand by 5.1%/y from $23.6 bn in 2015 to $30 bn by 2020. Asia Pacific led all regions in terms of market share, followed by North America and Western Europe. Leading end-use segments are beverages (34%) and dairy (13%) for flavours, and soap/detergents (32%), cosmetics (27%) and fine fragrances (17%) for fragrances. In 2015, Firmenich, Givaudan, IFF and Symrise held a combined 50% share. Selected regional consumption values are as follows: Africa & Middle East from $1.33 bn in 2015 to $1.67 bn in 2020; Asia from $8.53 bn to $12.19 bn; and Central/North America from $5.99 bn to $7.42 bn. Original Source: Chemical Weekly, 31 Jan 2017, 62 (26), 180 (Website: http://www. chemicalweekly.com) © Sevak Publications & Chemical Weekly Database P Ltd 2017
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