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Sodium Lauryl Sulfate Market size to rise at 5% CAGR to 2024

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Sodium lauryl sulfate 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.

— The size of Sodium Lauryl Sulfate Market was anticipated as 450 million in the year 2019 and is predicted to touch 700 million till 2024, rising with a CAGR of 5% between the years 2019 to 2024 as per the research done by Global Market Insights, Inc.

The rising requirement to maintain workplace & household cleanliness will stimulate sodium lauryl sulfate 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 sodium lauryl sulfate market giants.

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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 market 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 sodium lauryl sulfate market 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 noteworthy players in sodium lauryl sulfate 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.

Browse key industry insights spread across 110 pages with 151 market data tables & 11 figures & charts from the report, “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 (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

Glimpse of Table of Content (ToC)

Chapter 4. Sodium Lauryl Sulfate (SLS) Market, By Product

4.1. Sodium lauryl sulfate (SLS) market share by product, 2015 & 2024
4.2. SLS liquid
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. SLS dry
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.3.3. SLS powder
4.3.3.1. Market estimates and forecasts, 2013 - 2024
4.3.3.2. Market estimates and forecasts by region, 2013 – 2024
4.3.4. SLS needles
4.3.4.1. Market estimates and forecasts, 2013 - 2024
4.3.4.2. Market estimates and forecasts by region, 2013 – 2024
4.3.5. SLS granules
4.3.5.1. Market estimates and forecasts, 2013 - 2024
4.3.5.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Sodium Lauryl Sulfate (SLS) Market, By Application

5.1. Sodium lauryl sulfate (SLS) market share by application, 2015 & 2024
5.2. Dish washing liquids
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Household detergents & cleaners
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Industrial cleaners
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Personal care products
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/sodium-lauryl-sulfate-SLS-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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Organization: Global Market Insights, Inc.
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Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/sodium-lauryl-sulfate-SLS-market

Source URL: https://marketersmedia.com/sodium-lauryl-sulfate-market-size-to-rise-at-5-cagr-to-2024/88898808

Source: MarketersMedia

Release ID: 88898808

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