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Sodium Lauryl Ether Sulfate Market 2016 Global Analysis, Opportunities And Forecast To 2024 | By Major Key Players: Huntsman Corporation, Croda, Godrej Group, Stepan Company, BASF, Clariant, Kao Corporation, Solvay, Evonik, The Dow Chemical Company
Sodium Lauryl Ether Sulfate (SLES) Market
Asia Pacific SLES market will register more than a third of the overall Sodium Lauryl Ether Sulfate 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.
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Europe sodium lauryl ether sulfate industry collected a revenue of USD 250 million in 2015 and is slated to generate considerable revenue with an annual growth rate of above 4.5% over 2016-2024. High living standards along with increasing consciousness among the people about cleanliness and personal care will boost the product demand noticeably across this region. As per estimates, in 2015, Europe contributed a revenue of USD 100 million toward the overall sodium lauryl ether sulfate industry via personal care product sales.
Growth drivers
• Increasing household detergents market
• Rising personal care products demand
Sodium Lauryl Ether Sulfate (SLES) Market by Application
• Detergents & cleaners
• Personal care products
• Others
Sodium Lauryl Ether Sulfate Market is slated to witness significant growth over the years to come, as SLES is one of the main constituents of various household products such as dish washing soaps and household cleaners. 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. 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.”
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.
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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. For instance, BASF had established a R&D facility in India and had formed alliances with many universities in Asia to strengthen their business position. For that matter, the year 2014 had even witnessed Stepan Company launching an R&D facility in Brazil to strengthen their surfactants domain.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Solvay
2. Evonik
3. Croda
4. BASF
5. Huntsman Corporation
6. The Dow Chemical Company
7. Stepan Company
8. Clariant
9. Galaxy Surfactants Limited
10. Kao Corporation
11. Godrej Group
12. Ho Tung Chemical Corp.
13. Zhejiang Zanyu Technology Co., Ltd
14. Ultra Group
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.
Browse key industry insights report, Sodium Lauryl Ether Sulfate (SLES) Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sodium-lauryl-ether-sulfate-SLES-market
Sodium lauryl ether sulfate or Sodium Lauryl Ether Sulfate Market research report has been categorized on application basis into personal care products, detergents & cleaners, and other applications.
In 2024, detergents & cleaners application segment of the global SLES market was worth over USD 650 million and it will hold sway throughout the forecast spell owing to the superior foaming and stain removal properties in both hard and soft water.
Personal care products such as body and face cleansers, shampoos, soaps, toothpastes, etc. will account for over 25% of the overall Sodium Lauryl Ether Sulfate Market (SLES) market share by 2024 and expanding at more than 6% CAGR. Though the market may face competition from organic substitutes in the developing countries, growing acceptance of the product in the developing economies will propel the market growth.
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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Global Market Insights, Inc.
Phone: 1-302-846-7766
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