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Worldwide Sodium Lauryl Ether Sulfate Market Size 2024: Current Business Trends & Growth Opportunities Analysis By Top Key Players Solvay, Evonik, Croda, BASF, Huntsman Corporation, Renowned Companies Stepan Company, Clariant, Galaxy Surfactants Limited,

Sodium Lauryl Ether Sulfate Market

Sodium Lauryl Ether Sulfate Market

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 size was worth USD 1 billion in 2015 and will register a CAGR of more than 5% over the period of 2016 – 2024.”

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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. 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.

Sodium Lauryl Ether Sulfate (SLES) Market by Application
• Detergents & cleaners
• Personal care products
• Others

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 Market 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.

The soaring detergent sector in Europe and Asia Pacific will propel sodium lauryl ether sulfate market size. Europe SLES industry was valued for over USD 250 million in 2015 and is likely to register a CAGR of 4.5% over 2016-2024, hitting a valuation of USD 400 million by 2024. This growth can be credited to the high living standards in the European nations and the rising awareness regarding personal hygiene.

The sodium lauryl ether sulfate market is relatively fragmented. Companies have been indulged in extensive research for the expansion of their businesses. The major manufacturers of the product are Evonik Industries, BASF SE, Stepan Company, Croda International, Clariant Corporation, The Dow Chemical Company, Huntsman Corporation, Godrej Industries, Galaxy Surfactants Ltd., Solvay, Taiwan NJC Corporation, Zhejiang Zanyu Technology, Ho Tung Chemical, Ultra Group, etc.

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Asia Pacific held more than 33% of global SLES market share in 2015 and will grow at a rate of 5% over 2016-2024. The rising consumer purchase parity and the high-grade lifestyles will stimulate the regional growth. China, India, and Japan are slated to be the key revenue pockets.

Personal care products are another chief application arena of sodium lauryl ether sulfate market size . This segment held more than 25% of the overall market share in 2015 and is forecast to grow at a CAGR of 6% over 2016-2024, pertaining to rising consumer consciousness regarding personal cleanliness. The lathering and foaming properties of the product will lead to its adoption in creams, soaps, shampoos, lotions, and bath oils, which will spur SLES market from the personal cares sector across various geographies.

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


Europe SLES industry share from personal care products was more than USD 100 million in 2015. Pertaining to the gradual industrial shift toward East Europe, this regional market will register a high demand for personal care products and detergents.

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 market 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.

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

The key players in sodium lauryl ether sulfate market size 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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://headlinenewsnation.com

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