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As per the research report, the worldwide market for methyl ester sulfonate is gaining substantially from the increasing preference for bio-based products among consumers. The increasing government support to encourage the usage of eco-friendly products and the volatility in the cost of petroleum-based surfactants are projected to boost up the demand for bio-based surfactants, specifically, methyl ester sulfonate, in the years to come. Methyl ester sulfonate witnesses the most prominent demand from the cosmetic industry, owing to the surge in the number of consumers taking up natural cosmetics over synthetic ones, states the research report.
Methyl ester sulfonate also finds significant application in the production of several agro chemicals, which is why the global methyl ester sulfonate market is also boosted by the tremendous rise in the agriculture industry. With the rapidly expanding population and swiftly depleting agricultural land, the need to improve crop yield to produce enough food is rising, which is leading to generous application of agrochemicals. This, consequently, will reflect on the sales of methyl ester sulfonate in the years to come.
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On the other hand, the difficulties related to the production of good quality Methyl ester sulfonate on a commercial scale is expected to limit the growth of this market over the next few years. Regionally, North America has emerged as the market leader and is anticipated to retain this position in the near future, notes the research report.
The competition prevalent in the global market for methyl ester sulfonate has also been evaluated in this research study. Researchers have profiled the key players operating in this market to gain an insight into the current business hierarchy. With only a few players, the competitive landscaper of this market appears concentrated. KPL International Ltd., Chemithon Corp., and KLK OLEO are leading this market currently and are likely to remain on the top over the next few years, states the research report.
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