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Sodium Cocoyl Isethionate Market – Key Insights
Proliferation of e-commerce platforms in the last decade substantially bolstered sales of personal, skin care, baby care, and home care products which, in turn, helped sodium cocoyl isethionate market register a CAGR of 3.8% during the 2013-2018 period.
The sodium cocoyl isethionate market was valued at over US$ 155 million in 2018. A surge in the demand for natural ingredients in personal and home care products is likely to propel sales of sodium isethionate with the market estimated to witness a Y-o-Y growth of more than 4.5% in 2019.
North America is expected to retain the bulk of the sodium cocoyl isethionate market share with personal care goods manufacturers intensifying the use of natural ingredients in product formulations to meet the burgeoning demand in the region.
South Asia & Oceania is likely to emerge as the fastest growing region for sodium cocoyl isethionate market as personal and home care product manufacturers continue to use aggressive marketing and e-commerce platforms to extend their consumer base.
What are the Key Challenges Stifling Sodium Cocoyl Isethionate Market Growth?
- High cost and complexity of extracting sodium salt from coconut oil poses a daunting challenge to sodium cocoyl isethionate market growth. Additionally, its opaque appearance is expected to dampen its use in cosmetics and other liquid personal care products where transparent esthetics is a key requirement.
- Although sodium cocoyl isethionate is exceptionally mild to the skin and exhibits efficient foaming properties, the presence of isethionate ester in the compound increases the dissolution of soaps using the chemical. Additionally, studies have suggested the production of excess mush when using soap bars manufactured using sodium cocoyl isethionate-based surfactants. The drawbacks in the formulation are likely to dampen sodium cocoyl isethionate market growth.
- Consumers using soaps and shampoos with isethionate-based surfactants have reported requirement of extra rinsability to wash off the slimy feeling left behind due to residue formation on the skin. The factor poses a threat to sodium cocoyl isethionate market growth with consumer behavior patterns suggesting a preference for soaps and shampoos that can be easily washed away.
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Skin Care Industry to Push Demand for Sodium Cocoyl Isethionate
Burgeoning demand for natural and organic personal care products, in addition to sodium cocoyl isethionate’s superior lathering properties, mildness towards skin, moisture retention, and cleansing capabilities are some of the factors expected to drive widespread adoption of the chemical compound as surfactant in skin care products such as soaps, creams, lotions, cleansers, bubble baths, shaving foam, and makeup remover.
Its eco-friendly and sustainable nature in addition to its efficient cleaning action is expected to aid its adoption in hair, oral, and baby care products. Demand for the chemical compound in pharmaceuticals and electroplating applications is also expected to burgeon in the foreseeable future and aid in sodium cocoyl isethionate market proliferation.
Sodium Cocoyl Isethionate Market – Competitive Landscape
Some of the key players operating in the sodium cocoyl isethionate market are BASF SE, Galaxy Surfactants Ltd., AkzoNobel N.V., JEEN International Corporation, KIYU New Material Co. Ltd., Taiwan NJC Corporation, Clariant International Ltd., Innospec Inc., Henan Surface Chemical Industry Co Ltd., Millchem-Akott, and Huanggang Yongan Pharmaceutical.
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