Press release
SLS and LABSA Market Report 2024: Strategies And Recent Developments | BASF SE, Solvay Vishnu Barium Pvt Ltd., Kao Corporation, Stepan Company, Sinopec Jinling Petrochemical Co.Ltd., Galaxy Surfactants Ltd., Cepsa, Arabian Sulfonates Company
SLS and LABSA Market
The Business Research Company offers in-depth market insights through SLS and LABSA Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sls and labsa market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to consumer goods boom, industrial cleaning applications, textile industry, pharmaceuticals, shift towards bio-based surfactants.
The sls and labsa market size is expected to see strong growth in the next few years. It will grow to $5.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to detergent manufacturing, textile and leather industries, emulsifying agents, syndet bars and personal care products, automotive and metal cleaning, petrochemical industry dynamics. Major trends in the forecast period include growing demand in personal care products, shift towards bio-based surfactants, increasing focus on green chemistry, technological innovations in production processes, fluctuations in raw material prices.
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Market Segmentation:
The sls and labsa market covered in this report is segmented -
1) By Product Type: Sodium Lauryl Sulfate (SLS), Linear Alkyl Benzene Sulfonic Acid (LABSA)
2) By Function: Cleansing, Emulsifying, Wetting, Additive, Coupling, Mercerizing, Other Functions
3) By Application: Personal Care, Home Care, Pharmaceuticals, Textiles, Food And Beverages, Other Applications
Major Driver - Sls And Labsa Market Flourishes With Soaring Demand For Personal Care Products
The increasing usage of personal care products is expected to propel the growth of the SLS and LABSA market going forward. Personal care refers to consumer products that are used for personal hygiene, personal grooming, and beautification. Personal products such as cosmetics, shampoos, toothpaste, body washes, and other personal care products are made using SLS and LABSA, as a result, increasing usage of personal care products increases the demand for SLS and LABSA market. For instance, in August 2022, according to Zippia Inc., a US-based online recruitment services company, the beauty and personal care market in the United States is worth approximately $84 billion. Further, the cosmetic industry is expected to reach approximately $463.5 billion by 2027. Therefore, the increasing usage of personal care products is driving the growth of the SLS and LABSA market.
Competitive Landscape:
Major companies operating in the sls and labsa market report are BASF SE, Solvay Vishnu Barium Pvt Ltd., Kao Corporation, Stepan Company, Sinopec Jinling Petrochemical Co.Ltd., Galaxy Surfactants Ltd., Cepsa, Arabian Sulfonates Company, Sasol Chemicals LLC., Fogla Group, Croda International Plc, Clariant AG, Shenzhen EbyTon Technology Co. Ltd., Tanzeal Enterprise, Tianjin Glorious Imp. & Exp. Co. Ltd., Meiyin development Ltd. Co., Hunan Resun Auway Industrial Co.Ltd., Pilot Chemical Corp., Huntsman Corporation, Lubrizol Corporation, Evonik Industries AG, Dow Chemical Company, Akzo Nobel N.V., Rhodia SA, Rizhao Changsheng Daily Chemicals Co. Ltd., Zibo Haixing Fine Chemicals Co. Ltd., Hengli Jinbang Fine Chemical Co. Ltd., Sino Lion Surfactants (Suzhou) Co. Ltd., Hunan Jinlong Surfactants Co. Ltd., Foshan City Dongbang Chemical Co. Ltd. .
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Top Trend - Rising Pharmaceuticals Demand Ignites Growth In Sls And Labsa Markets
The increasing demand for SLS and LABSA from end users such as pharmaceuticals is expected to propel the growth of the SLS and LABSA markets going forward. Pharmaceutical refers to a substance that is used for restoring, repairing, or altering organic functions as well as for diagnosis, and treatment. SLS is a versatile ingredient that can be used in pharmaceutical preparations as an emulsifying agent, modified-release agent, penetration enhancer, solubilizing agent, tablet lubricant, and capsule lubricant. For instance, in August 2022, according to Zippia Inc., a US-based online recruitment services company, the US pharmaceutical industry generated $550 billion in yearly revenue in 2021. Further, the global pharmaceutical industry is anticipated to expand at a compound annual growth rate of 7.41% between 2021 and 2026. Therefore, the increasing demand for SLS and LABSA from end users is driving the growth of the SLS and LABSA market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. SLS and LABSA Market Characteristics
3. SLS and LABSA Market Trends And Strategies
4. SLS and LABSA Market - Macro Economic Scenario
5. SLS and LABSA Market Size And Growth
…..
27. SLS and LABSA Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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