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Sodium Lauryl Sulfate Market Global Outlook on Key Growth Factors & Top Key Player Analysis - BASF SE, Solvay S.A., The Dow Chemical Company, Sasol, Huntsman Corporation, Stepan Company, Croda International, Clariant Corporation, Oxiteno & more

08-21-2018 12:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Sodium Lauryl Sulfate

Sodium Lauryl Sulfate

MarketStudyReport.com Adds New Sodium Lauryl Sulfate (SLS) Market 2016 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 110 Pages with table and figures in it.

Right from the industrial detergents & cleaners, to beauty & personal care products for grooming, cleanliness, and personal hygiene, these products have been witnessing a significant surge in demand, which is expected to massively influence sodium lauryl sulfate (SLS) market growth. Given its exceptional usage as effective foaming agent, SLS is widely used as an anionic detergent & surfactant in myriad applications. Statista claims that global personal care market is likely to cross USD 155 billion by 2022. The data stands as a substantial validation to the fact that the rapid increase in the demand for personal care products such as soaps, shampoos, shaving creams, bath bombs, and body washes, will majorly propel sodium lauryl sulfate industry share in the coming years.

Sodium Lauryl Sulfate (SLS) Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 5% CAGR to 2024.
Sodium Lauryl Sulfate (SLS) Market size will surpass USD 700 million by 2024; according to a new research report. Increasing personal care product demand throughout the globe, especially in the developing countries, will boost the global sodium lauryl sulfate (SLS) market.

Rising awareness pertaining to personal hygiene, grooming, and cleanliness along with growing research and development works to manufacture customer demand specific products will influence the industry positively. Men's grooming products such as shampoos, body washes, shaving creams, etc. are gaining popularity in the market with the upcoming of several product brands. Overall personal care products market will likely exhibit growth at over a CAGR of 5% in coming years, giving a significant boost to the SLS market.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/312360/

Prevalence of traditional locally manufactured products and lack of awareness about sodium lauryl sulfate (SLS) based detergents, cleaners, or personal care products in the emerging countries may restrain the overall SLS market development in coming years. In 2011, more than 70% of the global population belonged to the low-income group with daily income less than USD 10, most of which are concentrated in the developing and underdeveloped countries. These people are oblivious to the benefits of SLS based products and personal hygiene, negatively influencing the SLS market in next few years.

Sodium lauryl sulfate (SLS) market has been categorized on the basis of products into liquid and dry types, of which dry types are available in the form of needles, powder, and granules. SLS powder are convenient to store and transport and will gain the market at a faster rate. The segment will likely generate more than USD 380 million in 2024 and growing at over a CAGR of 5% in the forecast spell.

Sodium lauryl sulfate (SLS) needles market size will likely record over USD 150 million by 2024 owing to its extensive usage in detergents, nutraceuticals, and rubber industries. It will also likely be the fastest growing product segment among the dry product types.

Liquid form finds a wide range of use in personal care products and cleaners owing to its high solubility and are marginally cheaper than the dry product types. This segment will create a revenue beyond USD 350 million for the overall sodium lauryl sulfate market in 2024, promising a decent growth rate in coming years.

The different product applications studied in the report include personal care products, dish washing liquids, household detergents & cleaners, industrial cleaners, and others. Household detergents & cleaners will likely hold sway the sodium lauryl sulfate market throughout the forecast spell with more than 40% of the overall share throughout the forecast span.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/312360/

Personal care products including shampoos, soaps, bath bombs, body and face cleansers and scrubs, etc. will likely register more than USD 100 million for the global sodium lauryl sulfate (SLS) market in 2024.

In 2024, Asia Pacific sodium lauryl sulfate market, led by India and China, will record a revenue over USD 300 million. Developing living standards of the middle-income group population along with recognition of the benefits of the product will augment the regional industry growth in coming years.
Key sodium lauryl sulfate market participants include BASF SE, Solvay S.A., The Dow Chemical Company, Sasol, Huntsman Corporation, Stepan Company, Croda International, Clariant Corporation, Oxiteno, Godrej Industries, Galaxy Surfactants, Kao Corporation, Taiwan NJC Corporation, Miwon Commercial Co. Ltd., Xiamen Ditai Chemicals Co. Ltd., and Melan Chemical Co. Ltd.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Sodium Lauryl Sulfate (SLS) Industry Insights
Chapter 4. Sodium Lauryl Sulfate (SLS) Market, By Product
Chapter 5. Sodium Lauryl Sulfate (SLS) Market, By Application
Chapter 6. Sodium Lauryl Sulfate (SLS) Market, By Region
Chapter 7. Company Profiles

For More Details On this Report At: https://www.marketstudyreport.com/reports/sodium-lauryl-sulfate-sls-market

Outer Scope of this report: The robust growth of the personal care products, cleaners, & detergents for industrial as well as household purpose, Asia Pacific is expected to emerge as lucrative investment ground for potential stake holders. The region’s ever-growing population base coupled with rapid industrialization & urbanization trends have significantly contributed to the market expansion. Growing governmental initiatives and awareness toward personal hygiene & workplace cleanliness is further expected to heighten the regional product demand in the ensuing years. Besides APAC, the global SLS market is also projected to gain commendable proceeds from other regions such as North America, MEA, and Europe. Having found extensive applications across lucrative industries such as paints & coatings & rubber, SLS industry stands to accumulate hefty gains in the years to come.

Related Report:

United States Sodium Lauryl Sulfate (SLS) Market Report 2017

In this report, the United States Sodium Lauryl Sulfate (SLS) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-sodium-lauryl-sulfate-sls-market-report-2017/?utm_source=RR-PSR

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