Sodium Lauryl Sulfate (SLS) Market Growth, Analysis Report & Opportunities, 2017 – 2024.

Sodium Lauryl Sulfate (SLS) Market revenue from the personal care sector, worth USD 90 million in 2015, is predicted to grow at a rate of 5% over 2016-2024, subject to the products 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.

The growth of Sodium Lauryl Sulfate (SLS) Market is directly proportional to the surging global demand for personal care items, dish washing liquids, industrial cleaners, and household detergents & cleaners. The product’s exceptional foaming and wetting features have made it highly popular across the paints & coatings, polymer additives, and rubber sectors. In 2015, the worldwide demand for household detergents was over 30,000 kilotons.

This figure is expected to rise considerably in the future, thereby generating lucrative opportunities for the SLS business. Mounting consumer awareness pertaining to health and sanitation in the developing nations of APAC, MEA, and LATAM will considerably influence market demand. According to Global Market Insights, Inc., “Sodium lauryl sulfate (SLS) industry is anticipated to cross the revenue margin of USD 700 million by 2024, growing at a rate of 5% over 2016-2024.”

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Escalating commercialization of hair care and dermal products across the world will stimulate the demand for personal care products noticeably. Consumers have been giving preference to personal care products such as soaps, scrubs, shampoos, facial creams, bath bombs, which will augment SLS industry growth, owing to the fact that SLS is primarily used in various personal care products. As per estimates, sodium lauryl sulfate market share from personal care applications generated a revenue of USD 90 billion in 2015 and will register considerable annual growth rate over the coming timeframe. Moreover, growing consciousness among the people about their personal health and hygiene will influence the market share positively.

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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. It has been observed that industry giants prefer to manufacture liquid products rather dry products, due to the high miscibility factor of the former coupled with its cost-effectiveness. On that note, sodium lauryl sulfate industry size from liquid forms was valued at USD 200 million in 2015, and is slated to collect a revenue of more than USD 350 million by the end of 2024. The growth can be attributed to the prominent use of liquid products in personal care and detergents applications.

Sodium Lauryl Sulfate (SLS) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Growing demand for detergents and cleaners
3.4.1.2. Increasing demand for personal care products
3.4.2. Industry pitfalls & challenges
3.4.2.1. Health and environmental hazards associated to SLS
3.4.2.2. Lack of awareness in the emerging nations
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends

View a summary and Industry Analysis Report @ https://www.gminsights.com/industry-analysis/sodium-lauryl-sulfate-SLS-market

Industry participants will try to acquire a major portion of the market share by implementing key business growth strategies such as joint ventures, strategic partnerships, product benchmarking, product differentiation, new product launches, pricing, high R&D investments, and mergers & acquisitions.
The Dow Chemical Company, Miwon Commercial Company Limited, Stepan Company, Croda International Plc, BASF SE, Huntsman Corporation, Xiamen Ditai Chemicals Company Limited, Kao Corporation, Taiwan NJC Corporation, Solvay S.A., Oxiteno, Galaxy Surfactants Limited, Clariant Chemicals Company, Godrej Industries Limited, Melan Chemical Company Limited, and Sasol Limited are the major players of sodium lauryl sulfate market.

About Global Market Insights, Inc.
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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