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Sodium Lauryl Ether Sulfate Market Analysis 2014-2025: Key Players are BASF, Huntsman Corporation, The Dow Chemical Company, Kao Corporation, Godrej Group, Ho Tung Chemical Corp., Zhejiang Zanyu Technology Co., Ltd, Ultra Group, Renowned Companies Stepan
China SLES Market Size, By Application, 2013 – 2024 (USD Million)
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Detergent manufacturing industries have been using SLES product extensively, owing to the ease of availability and their capability to remove formidable stains. Sodium lauryl ether sulfate market size from detergents & cleaners was valued at USD 450 million in 2015 and is slated to witness considerable annual growth rate over the coming seven years. This product is adaptable to both water and fat, which will augment its demand and propel sodium lauryl ether sulfate industry share noticeably.
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.”
Sodium Lauryl Ether Sulfate (SLES) Market by Application
• Detergents & cleaners
• Personal care products
• Others
Chapter 4. Sodium Lauryl Ether Sulfate (SLES) Market, By Application
4.1. Global SLES market volume share by application, 2015 & 2024
4.2. Detergents & cleaners
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Personal care products
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
Growing industrialization and urbanization across the globe are the key factors influencing product demand positively. The numerous lifestyle changes that consumers have adopted of late have led to an increase in their spending capabilities as well. People have now begun to give preference to personal and organizational cleanliness. On these grounds, Asia Pacific sodium lauryl ether sulfate industry will register an annual growth rate of above 5% over the coming seven years, having accounted for more than 30% of the global share in 2015. This growth can be credited to the increasing awareness among the APAC population with regards to residential, institutional, and personal hygiene.
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
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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Pertaining to the superior lathering and foaming properties, SLES products are primarily used in various personal care products such as facial cleansers, body washes, soaps, creams, toothpastes, shampoos, and lotions. Personal care products covered 25% of the overall sodium lauryl ether sulfate (SLES) market share in 2015 and will generate a significant revenue with a CAGR of more than 6% over the coming timeframe. Surging acceptance of the product across the developing countries will augment sodium lauryl ether sulfate industry growth. Europe is the main base of most of the industry giants in the personal care manufacturing sector, owing to the increasing demand for the personal care products across this region.
The key players in sodium lauryl ether sulfate market are Evonik Industries, Stepan Company, Croda International, BASF, Dow Chemical Company, Clariant Corporation, Solvay S.A., Galaxy Surfactants Ltd., Huntsman Corporation, Zanyu Technology Group Co Ltd., Kao Corporation, Taiwan NJC Corporation, Godrej Industries, Ultra Group, and Ho Tung Chemical Corp.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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