|07-12-2018 08:54 PM CET - Business, Economy, Finances, Banking & Insurance||
SLS, SLES, and LAS Market Size, Demand, Shares, Insights and Forecasts 2025
Press release from: Transparecny Market Research
The global SLS, SLES and LAS market is fragmented. Nevertheless, only a few key players such as Henkel, have integrated their operations across the value chain. Thus, new entrants face intense competition while sustaining in the SLS, SLES and LAS market. Several companies are focusing on innovations owing to market fragmentation and high competition. They invest significantly in research and development activities. Various manufacturers have started focusing on the development of bio-based surfactants, due to increasing awareness among consumers about eco-friendly products. Some of the leading players operating in the global SLS, SLES, and LAS market are Huntsman International LLC, Stepan Company, Croda International Plc., Lion, Clariant, Solvay, and TAYCA Corporation.
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According to the research report, the global SLS, SLES, and LAS market was valued at US$8.23 bn in 2016 and is estimated to reach US$11.61 bn by the end of 2025. During the forecast period of 2017 and 2025, the global market is estimated to surge at a CAGR of 4.0%. In terms of applications, the detergents and cleaners segment is expected to lead the global market due to overall rise in the disposable incomes. Regionally speaking, Asia Pacific is expected to lead the way for the global market as consumers are expected to spend on personal care products in the near future.
Demand for Cleaning Agents to Boost Market
The spur in the demand for personal care products has had a positive influence on the global SLS, SLES, and LAS market. The market is also expected to flourish in the coming years the uptake of leather and textile continues to be on the rise. Furthermore, rise in the production of oilfield chemicals and detergents and cleaners is projected to support market growth in the near future. According to Cosmetic Ingredient Review SLS and SLES are extremely safe raw materials for manufacturing cosmetics.
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The biggest consumer of SLS, SLES, and LAS are detergents. Thus, rise in disposable incomes in developing countries is expected to be the key driver for the global market. Growing production of surfactants in emerging economies due to growing awareness about hygiene is expected to propel market growth. Additionally, there has been a growing preference for LAS as compared to other surfactants. Ability of LAS to be integral to acidic and alkaline detergents in powdered and liquid forms is expected to drive up the demand. Furthermore, LAS is quite reasonably priced as compared to other surfactants, which is projected to drive up its demand in the near future. Availability of various personal care products and detergents and cleaners is also projected to aid sales in the near future.
Toxic Effects of SLS, SLES, and LAS to Hamper Market Growth
On the flip side, the global SLS, SLES, and LAS market is likely to be hampered by the toxic impact these substances have on the environment. The growing awareness about this impact amongst the end users is expected to impact the global market in the near future. However, manufacturers are also focusing on developing products that have low rate of toxicity. Increasing investment in research and development of products that do not have adverse effect on children is also projected to boost market demand in the near future.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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This release was published on openPR.
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