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Sodium Lauryl Ether Sulfate Market Is Projected to Showcase Significant Growth from Personal Care Products

Author : Ronak Bora | Published Date : 2019-08-09 

Sodium Lauryl Ether Sulfate Market may grow at an exponential rate over the projected period. The market size is expected to witness a steady gain as it is widely used in personal care products. Pertaining to the superior lathering and foaming properties, SLES products are primarily used in various personal care products such as facial cleansers, body washes, soaps, creams, toothpastes, shampoos, and lotions. Personal care products covered 25% of the overall sodium lauryl ether sulfate (SLES) market share in 2015 and will generate a significant revenue with a CAGR of more than 6% over the coming timeframe.

Surging acceptance of the product across the developing countries will augment sodium lauryl ether sulfate market growth. Europe is the main base of most of the industry giants in the personal care manufacturing sector, owing to the increasing demand for the personal care products across this region.

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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 industry size. The increasing commercialization of personal care product will also enhance the industry growth. 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.”

The 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%.

Sodium Lauryl Ether Sulfate Market in 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 product 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.  sodium lauryl ether sulfate market segmentation

3.2.  sodium lauryl ether sulfate market size and forecast, 2013 - 2024

3.3.  sodium lauryl ether sulfate market ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor channel analysis

3.4.  Sodium Lauryl Ether Sulfate Market 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.    Sodium Lauryl Ether Sulfate Market 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

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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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