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Sodium lauryl ether sulfate market Share and Forecasts to 2024, Key Players are Solvay, Evonik, BASF, Dow, Clariant, Ultra Group
Sodium Lauryl Ether Sulfate Market
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The demand for soaps, cleaners and detergents across the globe is rapidly increasing on account of growing concerns for hygiene and cleanliness.
Mounting requirement for superior cleanser and conditioners may fuel SLES product penetration. Cleaners & detergents segment from sodium lauryl ether sulfate market generated a revenue of over USD 0.65 billion in 2014 and is likely to grow at a considerable pace.
Asia Pacific sodium lauryl ether sulfate market share is poised to witness robust growth with an estimated revenue of around USD 0.6 billion by 2024. With increasing economic conditions in countries across the region, the trend of using personal care products has reached heights over the past years. Consumer perspective regarding hygiene standards has significantly evolved and has positively fueled product demand in the region.
Key manufacturers in the sodium lauryl ether sulfate market are involved in extensive research for expanding their businesses. Some of the players contributing towards global sodium lauryl ether sulfate market share are BASF SE, Evonik Industries, Stepan Company, Clariant Corporation, The Dow Chemical Company, Godrej Industries, Huntsman Corporation, Galaxy Surfactants Ltd., Taiwan NJC Corporation and Solvay, among others.
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Sodium lauryl ether sulfate (SLES) has become a prevalent surfactant in personal care and cleaning products. It is worth noting that sodium lauryl sulfate is gaining traction as a highly efficacious anionic surfactant that is used to ward off residues and oily stains.
SLES is also gaining traction in industrial products such as floor cleaners, engine degreasers, and car wash products. Besides, SLES is witnessing increased palpability in personal care and household products, including toothpastes, cleaning products, shaving foams, and shampoos.
Traction of SLES in detergent and cleaners is poised to boost the business outlook as its use in cleaning products, including wetting surfaces, surfactants, emulsifying and solubilizing oils have become more pronounced in recent years. Global Market Insights, Inc., has projected sodium lauryl ether sulfate market size to surpass US$1.5 bn by 2024.
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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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