December 20, 2019
According to the research report titled ‘Sodium Lauryl Sulfate 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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available at MarketStudyReport.com, the global sodium lauryl sulfate (SLS) market is projected to cross USD 800 million by the year 2026.
Increasing awareness regarding workplace cleanliness has led to rising adoption of cleaning agents in industries which in turn is driving the SLS market. Surging consumer spending towards health & hygiene, along with growing population across the globe are also contributing towards the market expansion.
Sodium lauryl sulfate products are extensively used in production of household cleaners & detergents, dishwashing liquids, personal care products, and industrial cleaners. Thus, surging demand for personal care products, in consort with escalating consumer disposable income are augmenting SLS market trends. However, lack of awareness regarding benefits of SLS products especially in developing countries may impede the growth of sodium lauryl sulfate market.
As per type, dry SLS market is expected to register substantial growth over the forecast period, owing to its convenient storage and easy transportability. The product is available in the form of granules, powder, and needle. The report cites that powder dry SLS segment will reach USD 100 million by the year 2026. This growth is attributed to extensive use of powder dry SLS in manufacturing of detergents, hand sanitizers, bubble baths, and others.
Based on application spectrum, SLS market from industrial cleaner segment is expected to grow with a CAGR of 5% during the period of 2019-2026. Rapid industrialization, along with rising concerns regarding safety during industrial operations are fueling the demand for SLS products in industrial applications.
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Considering geographical landscape, as per report, Latin America and Asia-Pacific markets will emerge to be lucrative growth avenues for sodium lauryl sulfate market, owing to growing population and rising industrial sector. On the other hand, rising per capita income and shifting consumer preference for luxurious lifestyle will drive the Europe SLS market. Surging demand for women personal care products in countries such as France, Italy, and Germany are contributing towards the regional market growth.
The prominent companies operating in sodium lauryl sulfate market are Xiamen Ditai Chemical, Melan Chemical, Kao Corp., Oxiteno, Croda International, BASF, Huntsman, Clariant, Solvay, Stepan, Godrej Industries, and Galaxy Surfactants.
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