Chemicals Industry Today

Asia Pacific Sodium Lauryl Sulfate (SLS) Market will grow at 5% CAGR to cross USD 100 million by 2024

The noteworthy players in sodium lauryl sulfate (SLS) market are Huntsman Corporation, Dow Chemical Company, Sasol, BASF SE, Oxiteno, Solvay S.A., Galaxy Surfactants, Xiamen Ditai Chemicals Co. Ltd., Croda International, Godrej Industries, Taiwan NJC Corp., Stepan Company, Miwon Commercial Co. Ltd., Clariant Corp., Kao Corporation, and Melan Chemical Co., Limited.
Published 19 September 2017
Sodium lauryl sulfate (SLS) market has been categorized on the basis of products into liquid and dry types, of which dry types are available in the form of needles, powder, and granules. SLS powder are convenient to store and transport and will gain the market at a faster rate. The segment will likely generate more than USD 380 million in 2024 and growing at over a CAGR of 5% in the forecast spell.

The rising requirement to maintain workplace & household cleanliness will stimulate sodium lauryl sulfate (SLS) market, pertaining to the fact that SLS is one of the main constituents of various detergents and cleaners. Of late, there has been a growing concern among consumers regarding environmental cleanliness and a healthy livelihood, which will undeniably enhance the product demand. Regional governments have also been undertaking initiatives regarding the same and have deployed strict regulations to maintain cleanliness, thereby propelling sodium lauryl sulfate industry share. The increasing requirement of household detergents and cleaners in various sectors is also slated to create lucrative opportunities for SLS industry giants.

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According to Global Market Insights, Inc. “Worldwide Sodium Lauryl Sulfate (SLS) Market, having had a revenue of USD 450 million in 2015, will generate a significant valuation by 2024, growing at a CAGR of more than 5% over 2016-2024.” Emerging nations across the globe are fueling the requirement for personal care products and detergents on a large scale subject to the improving purchase parity of consumers. This factor will also impel Asia Pacific sodium lauryl sulfate industry size, which was worth more than USD 100 million in 2015. This regional business is anticipated to generate significant revenue by 2024, with an annual growth rate of 5% over 2016-2024, owing to the implementation of strict norms to maintain cleanliness and hygiene.

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.

Browse key industry insights spread across 110 pages with 151 market data tables & 11 figures & charts from the report, “Sodium Lauryl Sulfate (SLS) Market Size By Product (Liquid, Dry [Powder, Needles, Granules]), By Application (Dish Washing Liquids, Household Detergents & Cleaners, Industrial Cleaners, Personal Care Products), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sodium-lauryl-sulfate-SLS-market

Browse Related Reports:
Sodium Lauryl Ether Sulfate (SLES) Market Forecast, 2016 – 2024
Sodium Lauryl Ether Sulfate (SLES) Market size was recorded at over USD 1 billion in 2015 growing at a CAGR above 5%. Growing awareness regarding cleanliness and hygiene all over the world will likely bolster the global sodium lauryl ether sulfate (SLES), also known as sodium laureth sulfate, market in the coming years, which is an anionic surfactant popularly used in detergents.
https://www.gminsights.com/industry-analysis/sodium-lauryl-ether-sulfate-SLES-market

Sodium Hydrosulfite Market Forecast, 2017 – 2024
Sodium Hydrosulfite Market Size was estimated over USD 1 billion in 2016 and the industry will likely grow by a CAGR of about 4% up to 2024. The rising paper products demand in Asia Pacific will drive the global sodium hydrosulfite market growth till 2024 owing to its extensive application as a reductive bleaching agent for pulp in the paper manufacturing process. In 2016, Asia Pacific accounted for more than 45% of the worldwide paper production and is a major regional market for the paper industry.
https://www.gminsights.com/industry-analysis/sodium-hydrosulfite-market
 
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