Press release
SLS and LABSA Market: Steady Growth, Increasing Demand, and Emerging Trends
SLS and LABSA Market Size
What Is The Projected Market Size Of The Global SLS and LABSA Market And Its Growth Rate?
• The SLS and LABSA market size is projected to grow from $4.67 billion in 2024 to $4.91 billion in 2025, registering a compound annual growth rate (CAGR) of 5.0%.
• Growth during this period can be attributed to consumer goods, industrial cleaning applications, and shift towards bio-based surfactants.
• The market is expected to further grow to $6.22 billion in 2029 at a CAGR of 6.1%.
• The growth in the forecast period can primarily be attributed to detergent manufacturing, textile and leather industries, emulsifying agents, syndet bars, and personal care products, among others.
What Is Driving The Growth In The SLS and LABSA Market?
The growth of the SLS and LABSA market is highly influenced by the increasing usage of personal care products. Personal care refers to consumer products used for personal grooming and beautification, such as cosmetics, shampoos, toothpaste, body washes, among others. These products are made using SLS and LABSA, as a result, increasing the demand for these compounds. For instance, as of August 2022, the beauty and personal care market in the US was worth approximately $84 billion, and 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.
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Who Are the Key Players Driving SLS and LABSA Market Growth?
Key players driving the SLS and LABSA market growth include:
• 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.
What Are The Key Trends In The SLS and LABSA Market?
Key trends in the SLS and LABSA market 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.
What Are The Segments Of The Global SLS and LABSA Market?
The SLS and LABSA market is segmented into:
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
Which Region Leads The SLS and LABSA Market?
The largest region in the SLS and LABSA market in 2024 was Asia-Pacific. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The SLS and LABSA Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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