Sodium Lauryl Ether Sulfate Market Top Key Participant Are BASF, Evonik, Huntsman Corporation, The Dow Chemical Company, Clariant, Croda, Solvay

Majorly driven by the rising consumer consciousness regarding personal hygiene, Sodium lauryl ether sulfate (SLES) market is set to grow at a CAGR of 5% over the coming years. A high rate of commercialization of personal care products such as body soaps, lotions, cleansers, shampoos, and conditioners will have a positive influence on the overall sodium lauryl ether sulfate industry. Major companies have recognized the shifting trends of consumers toward hygiene and cleanliness, and have accordingly expanded their product portfolio to target a wider customer base. In addition, sodium lauryl ether sulfate market participants concentrate on increasing the number of research and development activities in order to come up with an impressive range of innovative products.

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SLES market is quite fragmented and encompasses the participation of several renowned biggies. Major players operating in this business include BASF, Dow Chemical Company, Croda International, Ho Tung Chemical, Huntsman Corporation, Clariant Corporation, Zhejiang Zanyu Technology, Stepan Company, Ultra Group, Evonik Industries, Solvay, Taiwan NJC Corporation, Galaxy Surfactants, Kao Corporation, and Godrej Industries.

SLES is also called sodium laureth sulfate, and is an anionic surfactant that is popularly used in detergents. Worldwide demand for household detergents crossed 30 million tons in terms of volume in 2015 and is expected to increase at a rate of 5% over time, pertaining to the numerous government initiatives to maintain cleanliness in public areas such as airports, bus stations, railway stations, etc. In addition, the residential and commercial sectors have been experiencing an increase in the requirement of household detergents, which will spur SLES industry.

While sodium lauryl ether sulfate finds usage in two primary applications, viz., personal care and detergents, it is also extensively used in antimicrobial, agricultural, and medical chemicals. SLES market size from detergents & cleaners was valued for more than USD 450 million in 2015, and is expected to cross USD 650 million by 2024. This growth can be attributed to the fact that this product is compatible with both fat and water and is a wonderful stain remover, making it popular among detergent manufacturers.

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Partial Chapter of the Table of Content

Chapter 3. Sodium Lauryl Ether Sulfate (SLES) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing household detergents market
3.4.1.2. Rising personal care products demand
3.4.2. Industry pitfalls & challenges
3.4.2.1. Harmful side effects associated with SLES
3.4.2.2. Substitution by bio-based products
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends

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Asia Pacific SLES market will register more than a third of the overall SLES market share in 2024 owing to increasing awareness towards personal, residential, and institutional hygiene in the developing countries such as China and India. The regional market will likely grow at a CAGR over 5% in the forecast span.

Europe SLES market will witness a decent growth in the next eight years owing to the enhanced living standards of the Western Europe population. The region will generate close to USD 400 million in 2024, witnessing growth at more than 4.5% CAGR.

SLES market competitive landscape is fragmented due to presence of numerous multinational conglomerates such as BASF SE, Evonik Industries, Huntsman Corporation, The Dow Chemical Company, Clariant Corporation, Croda International, and Solvay SA. Other notable manufacturers include Kao Corporation, Stepan Company, Godrej Industries, Galaxy Surfactants, Ultra Group, Zhejiang Zanyu Technology, Ho Tung Chemical, and Taiwan NJC Corporation.

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