Press release
Sodium Lauryl Ether Sulfate (SLES) Market to witness appreciable growth via surging demand for detergents and cleaners over 2016-2024
Sodium lauryl ether sulfate (SLES) has been gaining popularity among various personal care product manufacturers pertaining to its effective foaming capabilities and cost effectiveness. Contamination and the lack of cleanliness are root causes of various diseases. Increasing awareness among the people about their health and hygiene will thus stimulate sodium lauryl ether sulfate industry size.
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The increasing commercialization of personal care product will also enhance the industry growth. As per the report by Global Market Insights, Inc., “Worldwide sodium lauryl ether sulfate market was worth USD 1 billion in 2015 and will register a CAGR of more than 5% over the period of 2016 – 2024.”
Growing industrialization and urbanization across the globe are the key factors influencing product demand positively. The numerous lifestyle changes that consumers have adopted of late have led to an increase in their spending capabilities as well. People have now begun to give preference to personal and organizational cleanliness.
On these grounds, Asia Pacific sodium lauryl ether sulfate industry will register an annual growth rate of above 5% over the coming seven years, having accounted for more than 30% of the global share in 2015. This growth can be credited to the increasing awareness among the APAC population with regards to residential, institutional, and personal hygiene.
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The key players in sodium lauryl ether sulfate market are Evonik Industries, Stepan Company, Croda International, BASF, Dow Chemical Company, Clariant Corporation, Solvay S.A., Galaxy Surfactants Ltd., Huntsman Corporation, Zanyu Technology Group Co Ltd., Kao Corporation, Taiwan NJC Corporation, Godrej Industries, Ultra Group, and Ho Tung Chemical Corp.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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