Sodium Lauryl Sulfate Market Outlook 2019: What will be the future growth opportunities?

Sodium Lauryl Sulfate Market growth will be driven by rising requirement to workplace & household cleanliness, pertaining to the fact that SLS is one of the main constituents of various detergents and cleaners. Of late, there has been a growing concern among consumers regarding environmental cleanliness and a healthy livelihood, which will undeniably enhance the product demand. Regional governments have also been undertaking initiatives regarding the same and have deployed strict regulations to maintain cleanliness, thereby propelling sodium lauryl sulfate industry share. The increasing requirement of household detergents and cleaners in various sectors is also slated to create lucrative opportunities for sodium lauryl sulfate market giants.

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Sodium Lauryl Sulfate Market revenue from the personal care sector is predicted to grow at a rate of 5% up to 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. Sodium Lauryl Sulfate Market growth is driven by increasing demand for for personal care products and rising income levels coupled with inclination towards personal grooming. However, absence of awareness about the advantages of SLS products and certain environmental and health hazards related to the product may hamper the sodium lauryl sulfate market, during the forecast period.

Two major product segments in the global sodium lauryl sulfate market are dry and liquid products. Dry SLS products are further segmented as needles, powders, and granules. Dry product segment is anticipated to witness a fast growth rate exceeding 5% CAGR till 2024. Among the dry product type, needles market in 2024 will likely reach around USD 150 million. Liquid product type market in 2024 will likely exceed USD 350 million and is anticipated to grow by a healthy rate due to slightly lower cost and wide usage in personal grooming products and detergents.

Sodium Lauryl Sulfate Market Outlook 2019: What will be the future growth opportunities?

1. Croda
2. Clariant
3. Huntsman Corporation
4. Solvay
5. Stepan Company
6. Galaxy Surfactants Limited
7. BASF
8. Godrej & Boyce Mfg. Co. Ltd.
9. Kao Corporation
10. Sasol
11. Miwon Commercial., Ltd.
12. Oxiteno

North America sodium lauryl sulfate market, with U.S. at the helm, covered over 15% of the business share in 2015 and will collect considerable revenue by 2024. The expanding personal care products and detergents sectors will stimulate the industry size. Shifting trends toward the usage of organic personal care products will also influence the regional SLS market share, and the U.S. is undoubtedly slated to be the major revenue pocket.

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Asia Pacific is a high potential region for global sodium lauryl sulfate market due to rising demand for industrial cleaners from a fast-developing industrial sector as well as growing cosmetics and personal care products industry. This region is anticipated to witness growth of around 5% CAGR till 2024. North America SLS market will grow at a slow rate due to increased use of natural cosmetic products in this region. Matured personal care products market will also be a factor behind the regions sluggish growth rate.

Some key players in the sodium lauryl sulfate market are The Dow Chemical Company, Huntsman Corporation, BASF SE, Sasol, Oxiteno, Solvay S.A., Godrej Industries, Melan Chemical, Croda International, Galaxy Surfactants, Taiwan NJC Corporation, Kao Corporation, Clariant Corporation, Xiamen Ditai Chemicals, Stepan Company, and Miwon Commercial.

Table Of Content For This Research Report:

Chapter 4. Sodium Lauryl Sulfate Market, By Product

4.1. Sodium lauryl sulfate market share by product, 2018 & 2026

4.2. SLS liquid

4.2.1. Sodium lauryl sulfate market estimates and forecasts, 2016 – 2026

4.2.2. Sodium lauryl sulfate market estimates and forecasts by region, 2016 – 2026

4.3. SLS dry

4.3.1. Market estimates and forecasts, 2016 – 2026

4.3.2. Market estimates and forecasts by region, 2016 – 2026

4.3.3. SLS powder

4.3.3.1. Market estimates and forecasts, 2016 – 2026

4.3.3.2. Market estimates and forecasts by region, 2016 – 2026

4.3.4. SLS needles

4.3.4.1. Market estimates and forecasts, 2016 – 2026

4.3.4.2. Market estimates and forecasts by region, 2016 – 2026

4.3.5. SLS granules

4.3.5.1. Market estimates and forecasts, 2016 – 2026

4.3.5.2. Market estimates and forecasts by region, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-lauryl-sulfate-SLS-market

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