Global Sodium Lauryl Sulfate Market Analysis with Booming Trends Supporting Growth Till 2020

Posted on 2018-04-16 by Mark Hub in Chemicals // 0 Comments

Albany, USA, 2018-Apr-16 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Sodium Lauryl Sulfate, Market Research Reports Search Engine (MRRSE) has included a new report titled “Sodium Lauryl Sulfate Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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A highly fragmented global market for sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate has allowed regional players to obtain a better foothold in it, says MRRSE in a latest analysis. The easy availability of raw materials, a massive scope of applications, and a low financial requirement for industry setup has promoted the entry of many new players into this market. BASF SE led the global SLS, SLES, and LAS market in terms of revenue in 2015, followed by Stepan Company and Akzo Nobel N.V. In the same year, the top six companies held 41.8% of the market’s revenue, the remainder being held by a large number of regional players.

Rapidly Growing Use in Personal Care Products Boosts Demand for SLS, SLES, and LAS

The largest application segments in the global SLS, SLES, and LAS market have been textile and leather, personal care, detergents and cleaners, and oilfield chemicals. Of these, the current major area of focus lies in the personal care products segment, as SLES and SLS are being widely used in cleaning products, lotions, and creams. Both chemicals provide the abilities of suspending oil, cleaning wet surfaces, and provide a better grade of skin care with few or no instances of toxicity cases.

“The panel of experts at the Cosmetic Ingredient Review had concluded SLES and SLS to be safe for use in personal care products, including cosmetics, as long as they are used in a calculated amount. At the same time, major research and development efforts are being undertaken to remove the minor toxic effects of SLES and SLS completely,” said a MRRSE analyst. “These facts, coupled with the rapidly increasing demand for personal care and cosmetic products, will be the major propellants for the global SLS, SLES, and LAS market in the near future.”

Detergent Demand Increases, Further Driving SLS, SLES, and LAS Consumption

Another major driver pointed out by the MRRSE analysts is the rapidly growing demand for household detergents. A large variety of detergents and cleaners are commercially available today, ranging from carpet cleaners and toilet cleaners to laundry detergents. This increased scope of use has ascribed a large consumer base across the world. This growth in consumer base applies especially to the emerging economies of the world, where improving income and disposable income rates are allowing individuals to purchase a better range and quality of cleaning products.

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Similar to personal care products, the global SLS, SLES, and LAS market receives a major thrust from the high detergent consumption rate, as manufacturers are increasingly preferring LAS over other surfactants. The reason for this higher preference is the fact that LAS can be utilized in both acidic and alkaline detergents of both liquid and powdered forms. Additionally, LAS is relatively cheaper than other conventional surfactants.

All these factors are the major ones responsible for propelling the global SLS, SLES, and LAS market at a CAGR of 4.2% within a forecast period from 2016 to 2024 in terms of volume. It stood at around 4,656 kilo tons in 2015 and is expected to reach 6,742.5 kilo tons by the end of 2024. Regionally speaking, all major locations of the market are expected to show a high rate of growth in the various segments. Asia Pacific held the highest share of volume in the global SLS, SLES, and LAS market for 2015 and is expected to do the same at the end of 2024.

The report comprises company profiles of major players in the market. These profiles include company overview, financial overview, business strategies, product portfolio and recent developments. The global SLS, SLES and LAS industry is highly fragmented, having large numbers of manufacturers in the market. The industry is on the verge of consolidation as large manufacturers are acquiring other competitive firms. Major participants profiled in the report include Croda International, Rhodia SA, Solvay S.A, The Dow Chemical Company, Stepan Company, Clariant Corporation, Sasol Limited, BASF SE, Akzo Nobel N.V., Huntsman Corporation, Galaxy Surfactants Ltd., Evonik Industries AG., Zhejiang Zanyu Technology Co., Ltd., Kao Corporation, Unger Surfactants, Godrej Industries Ltd., Guangzhou Xingyi Chemical Trading Co., Ltd. and Oxiteno among others.

This report segments the global SLS, SLES & LAS market as follows:

SLS, SLES & LAS Market – Product Segment Analysis
- Sodium lauryl sulfate (SLS)
  - Sodium lauryl sulfate liquid (SLS liquid)
  - Sodium lauryl sulfate dry (SLS dry)
- Sodium lauryl ether sulfate (SLES)
- Linear alkylbenzene sulfonate (LAS)

SLS, SLES & LAS Market – Application Analysis
- Detergents & cleaners
- Personal care
- Textile & leather
- Oilfield chemicals
- Others (Including Paints & Coatings, Plastics, Agricultural Chemicals, etc.)

SLS, SLES & LAS Market – Regional Analysis
- North America
- Europe
- China
- Rest of Asia Pacific
- Rest of the World

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