Press release
Sodium Lauryl Sulfate Market Growth by Key Players: BASF, Solvay, The Dow Chemical Company, Sasol, Huntsman Corporation, Stepan Company, Clariant, Oxiteno, Galaxy Surfactants Limited, Kao Corporation,
Sodium Lauryl Sulfate Market
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SLS market revenue from the personal care sector, worth USD 90 million in 2015, is predicted to grow at a rate of 5% over 2016-2024, subject to the product’s numerous applications in scrubs, toothpastes, shampoos, face wash, and soaps. Heavy demand for hair care items and dermal products is also projected to significantly contribute towards the revenue.
Household detergents & cleaners sector, which contributed to more than 40% toward global sodium lauryl sulfate industry share in 2015, is estimated to witness a rapid expansion over the coming years. A steep rise in the global population across the developing regions will spur the product demand.
Sodium lauryl sulfate products are available in dry and liquid forms. Major dry types include granules, powder, and needles. Dry sodium lauryl sulfate industry, which produced a revenue of USD 250 million in 2015, is forecast to grow at an annual rate of 5% during the period from 2016 to 2024. The growth can be attributed to extensive product usage across nutraceuticals, detergents & cleaners, and rubber industries. Needle SLS market is expected to collect a revenue of more than USD 150 million by 2024, while powder SLS industry will produce an income of over USD 380 million by 2024.
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Partial Chapter of the Table of Content
Chapter 3. Sodium Lauryl Sulfate (SLS) 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. Growing demand for detergents and cleaners
3.4.1.2. Increasing demand for personal care products
3.4.2. Industry pitfalls & challenges
3.4.2.1. Health and environmental hazards associated to SLS
3.4.2.2. Lack of awareness in the emerging nations
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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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.
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