Press release
Sodium Lauryl Sulfate market share 2018 |Top Worldwide Key Players :BASF SE, Solvay S.A., The Dow Chemical Company, Sasol, Huntsman Corporation, Stepan Company
Growing detergents & cleaners demand for household and industrial use will drive the global Sodium Lauryl Sulfate (SLS) market during the forecast period owing to the products application in the manufacture of detergents and other cleaning products. High industrial growth coupled with industrial cleanliness initiatives will drive the demand for industrial cleaners in future years. Increasing awareness about cleanliness and hygiene will also positively affect the detergents and household cleaners demand. Global household detergents industry is poised to grow during the forecast period and will augment the global SLS market during the forecast period.
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Rising income levels coupled with inclination towards personal grooming has resulted in growing demand for personal care products. The segments market is anticipated to grow by more than 5% CAGR and will propel the global SLS market during the forecast period. However, absence of awareness about the advantages of SLS products and certain environmental and health hazards related to the product may hamper the SLS market during the forecast period.
Two major product segments in the global SLS market are dry and liquid products. Dry SLS products are further segmented as needles, powders, and granules. Dry product segment is anticipated to witness a fast growth rate exceeding 5% CAGR till 2024. Among the dry product type, needles market in 2024 will likely reach around USD 150 million. Liquid product type market in 2024 will likely exceed USD 350 million and is anticipated to grow by a healthy rate due to slightly lower cost and wide usage in personal grooming products and detergents.
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Application types under the global SLS market is categorized as industrial cleaners, personal care products, household detergents & cleaners, dish washing liquids, and other types. Household detergents & cleaner occupied about 40% of total market and is anticipated to be the quickest growing segment. Personal care products revenue will likely reach USD 100 million and this category will also grow substantially owing to increased demand for these products in emerging economies.
Asia Pacific is a high potential region for global SLS market due to rising demand for industrial cleaners from a fast-developing industrial sector as well as growing cosmetics and personal care products industry. This region is anticipated to witness growth of around 5% CAGR till 2024. North America SLS market will grow at a slow rate due to increased use of natural cosmetic products in this region.
SLS market competitive landscape is highly fragmented with the presence of several large and medium scale manufacturing companies. Dominance of large conglomerates such as BASF SE, The Dow Chemical Company, and Huntsman Corporation across the product value chain as raw material manufacturers as well as product manufacturer and distributor characterizes the global SLS market. Other key manufacturers include Solvay S.A., Sasol, Croda International, Oxiteno, Stepan Company, Galaxy Surfactants, Godrej Industries, Kao Corporation, Clariant Corporation, Melan Chemical Co. Ltd., Taiwan NJC Corporation, Miwon Commercial Co. Ltd., and Xiamen Ditai Chemicals Co. Ltd.
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Personal Care Ingredients Market Size By Product (Surfactants, Conditioning Polymers, Emollients, Rheology Control Agents, Emulsifiers, Antimicrobials), By Application (Skin Care, Hair Care, Oral Care, Cosmetics) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/toc/detail/personal-care-ingredients-market
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