MarketersMEDIA / Newsroom / By 2024, Sodium Lauryl Ether Sulfate Market Size to hit $1.5bn

By 2024, Sodium Lauryl Ether Sulfate Market Size to hit $1.5bn

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Worldwide sodium lauryl ether sulfate market was worth USD 1 billion in 2015 and will register a CAGR of more than 5% over the period of 2016 – 2024.

— As per the report by Global Market Insights, Inc., “Worldwide sodium lauryl ether sulfate market was worth USD 1 billion in 2015 and will register a CAGR of more than 5% over the period of 2016 – 2024.” Sodium Lauryl Ether Sulfate Market is slated to witness significant growth over the years to come, as SLES is one of the main constituents of various household products such as dish washing soaps and household cleaners. Sodium lauryl ether sulfate (SLES) has been gaining popularity among various personal care product manufacturers pertaining to its effective foaming capabilities and cost effectiveness. Contamination and the lack of cleanliness are root causes of various diseases. Increasing awareness among the people about their health and hygiene will thus stimulate sodium lauryl ether sulfate market size. The increasing commercialization of personal care product will also enhance the industry growth.

Growing industrialization and urbanization across the globe are the key factors influencing product demand positively. The numerous lifestyle changes that consumers have adopted of late have led to an increase in their spending capabilities as well. People have now begun to give preference to personal and organizational cleanliness. On these grounds, Asia Pacific sodium lauryl ether sulfate market will register an annual growth rate of above 5% over the coming seven years, having accounted for more than 30% of the global share in 2015. This growth can be credited to the increasing awareness among the APAC population with regards to residential, institutional, and personal hygiene.

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The booming personal care industry is another sector which will propel the market of sodium laureth sulfate. The rising disposable income of the people has led to an increased purchase power which will drive the demand of personal care products. Changing lifestyle and modernization are the factors which will propel the sodium lauryl ether sulfate market for personal care products.

Stringent regulations regarding the use of the product in personal care items followed by U.S FDA and other governing authorities can potentially affect the market of sodium lauryl ether sulfate. According to Environmental Protection Agency, a concentration of above 5% of the product can cause hair loss and death in laboratory animals. The product can cause allergic reactions in few cases such as scalp irritation and can be carcinogenic, which can obstruct the demand for the product. Bio-based substitutes of the product can likely hinder the growth of the sodium lauryl ether sulfate market.

The sodium lauryl ether sulfate market segment of cleaners & detergents is expected to grow at a considerable pace and its revenue is anticipated to cross USD 0.65 billion in 2014. Personal care products are being used extensively across the globe which will cause the segment to grow at a noticeable CAGR of approximately 7%.

Europe sodium lauryl ether sulfate industry collected a revenue of USD 250 million in 2015 and is slated to generate considerable revenue with an annual growth rate of above 4.5% over 2016-2024. High living standards along with increasing consciousness among the people about cleanliness and personal care will boost the product demand noticeably across this region. As per estimates, in 2015, Europe contributed a revenue of USD 100 million toward the overall sodium lauryl ether sulfate industry via personal care product sales.

Browse key industry insights spread across 75 pages with 82 market data tables & 11 figures & charts from the report, “Sodium Lauryl Ether Sulfate (SLES) Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/sodium-lauryl-ether-sulfate-SLES-market

Asia Pacific is estimated to witness robust market growth with the revenue of about USD 0.6 billion by 2024. The trend of using personal care products is increasing over the years which will drive the sodium lauryl ether sulfate market. Consumer perspective about the hygiene standards has significantly impacted the market in the region. Europe is expected to register a market share of more than one-fifth of the overall market by 2024. The high standards of living of people in European countries will boost the demand of the product in the region.

The sodium lauryl ether sulfate market is relatively fragmented. Companies have been indulged in extensive research for the expansion of their businesses. The major manufacturers of the product are Evonik Industries, BASF SE, Stepan Company, Croda International, Clariant Corporation, The Dow Chemical Company, Huntsman Corporation, Godrej Industries, Galaxy Surfactants Ltd., Solvay, Taiwan NJC Corporation, Zhejiang Zanyu Technology, Ho Tung Chemical, Ultra Group, etc.

Glimpse of Table of Content (ToC)

Chapter 3. Sodium Lauryl Ether Sulfate Market 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. Increasing household detergents market
3.4.1.2. Rising personal care products demand
3.4.2. Industry pitfalls & challenges
3.4.2.1. Harmful side effects associated with SLES
3.4.2.2. Substitution by bio-based products
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
Chapter 4. Sodium Lauryl Ether Sulfate (SLES) Market, By Application
4.1. Global SLES market volume share by application, 2015 & 2024
4.2. Detergents & cleaners
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Personal care products
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-lauryl-ether-sulfate-SLES-market

About Global Market Insights:

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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Website: https://www.gminsights.com/pressrelease/sodium-lauryl-ether-sulfate-SLES-market

Source URL: https://marketersmedia.com/by-2024-sodium-lauryl-ether-sulfate-market-size-to-hit-15bn/88910518

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