Global Market Insights, Inc. adds new Sodium Lauryl Sulfate Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
The rising requirement to maintain workplace & household cleanliness will stimulate sodium lauryl sulfate market, pertaining to the fact that SLS is one of the main constituents of various detergents and cleaners. Of late, there has been a growing concern among consumers regarding environmental cleanliness and a healthy livelihood, which will undeniably enhance the product demand. Regional governments have also been undertaking initiatives regarding the same and have deployed strict regulations to maintain cleanliness, thereby propelling sodium lauryl sulfate industry share. The increasing requirement of household detergents and cleaners in various sectors is also slated to create lucrative opportunities for SLS industry giants.
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According to Global Market Insights, Inc. “Worldwide Sodium Lauryl Sulfate Market, having had a revenue of USD 450 million in 2015, will generate a significant valuation by 2024, growing at a CAGR of more than 5% over 2016-2024.” Emerging nations across the globe are fueling the requirement for personal care products and detergents on a large scale subject to the improving purchase parity of consumers. This factor will also impel Asia Pacific sodium lauryl sulfate industry size, which was worth more than USD 100 million in 2015. This regional business is anticipated to generate significant revenue by 2024, with an annual growth rate of 5% over 2016-2024, owing to the implementation of strict norms to maintain cleanliness and hygiene.
Escalating commercialization of hair care and dermal products across the world will stimulate the demand for personal care products noticeably. Consumers have been giving preference to personal care products such as soaps, scrubs, shampoos, facial creams, bath bombs, which will augment SLS industry growth, owing to the fact that SLS is primarily used in various personal care products. As per estimates, sodium lauryl sulfate market share from personal care applications generated a revenue of USD 90 billion in 2015 and will register considerable annual growth rate over the coming timeframe. Moreover, growing consciousness among the people about their personal health and hygiene will influence the market share positively.
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North America sodium lauryl sulfate market, with U.S. at the helm, covered over 15% of the business share in 2015 and will collect considerable revenue by 2024. The expanding personal care products and detergents sectors will stimulate the industry size. Shifting trends toward the usage of organic personal care products will also influence the regional SLS market share, and the U.S. is undoubtedly slated to be the major revenue pocket. It has been observed that industry giants prefer to manufacture liquid products rather dry products, due to the high miscibility factor of the former coupled with its cost-effectiveness.
The noteworthy players in sodium lauryl sulfate (SLS) market are Huntsman Corporation, Dow Chemical Company, Sasol, BASF SE, Oxiteno, Solvay S.A., Galaxy Surfactants, Xiamen Ditai Chemicals Co. Ltd., Croda International, Godrej Industries, Taiwan NJC Corp., Stepan Company, Miwon Commercial Co. Ltd., Clariant Corp., Kao Corporation, and Melan Chemical Co., Limited.
Browse key industry insights spread across 110 pages with 151 market data tables & 11 figures & charts from the report, “Sodium Lauryl Sulfate Market” in detail along with the table of contents:
Sodium lauryl sulfate (SLS) market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Sodium Lauryl Sulfate (SLS) Market by Product
- SLS liquid
- SLS dry
- SLS powder
- SLS needles
- SLS granules
Sodium Lauryl Sulfate (SLS) Market by Application
- Dish washing liquids
- Household detergents & cleaners
- Industrial cleaners
- Personal care products
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- South Africa
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