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Sodium Lauryl Ether Sulfate (SLES) Market Analysis

Name: Sodium Lauryl Ether Sulfate Market Statistics and Analysis – 2024
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI1395
Published Date: Apr 2017
Report Format: PDF

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Sodium Lauryl Ether Sulfate Market Analysis

Based on applications, it is broadly categorized into detergents & cleaners, and personal care products apart from other uses such as medical, antimicrobial, and agricultural chemicals. Detergents & cleaners are the major application sector and generated more than $450 million for the overall sodium lauryl ether sulfate market share in 2015. Sodium laureth sulfate is an anionic surfactant with a strong amphiphilic base, making it compatible with both fat and water. The product is easily available and is a formidable stain remover, making it an accepted ingredient among detergent manufacturers.

Sodium Lauryl Ether Sulfate Market by Application

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Personal care products application segment accounted for more than a quarter of the global SLES market and it includes consumer products such as creams, lotions, soaps, shampoos, body washes, facial cleansers, toothpastes, etc. Superior foaming and lathering properties of the product, due to which it wets the body surface, emulsifies the oil, and solubilizes soil, will have a positive influence on the global SLES market in the coming years. Malevolent impact of the product on human health may pose certain restraints on the sodium lauryl ether sulfate market.

In 2015, Europe sodium lauryl ether sulfate market was worth more than USD 250 million and it will likely flourish at more than 4.5% CAGR in the coming years. High living standards in the West European countries and consciousness about personal care and cleanliness will be the major drivers of the regional market. Personal care products in Europe generated over USD 100 million in 2015. The joining of the former communist nations in the European Union marked a significant industrial shift towards the eastern Europe, driving the demand for industrial detergents and cleaners in the region.

Asia Pacific accounted for over a third of the total market share in 2015 and is likely to register a CAGR of 5% through the forecast timeframe. Emerging economies of China, India, and Japan will catalyze the overall sodium lauryl ether sulfate market. Enhanced lifestyle and increasing purchase parity of the population along with increasing awareness about personal and institutional cleanliness will stimulate the overall sodium lauryl ether sulfate market in the coming years. Moreover, increasing urbanization and industrialization in the region will also augment the demand for detergents and cleaners.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Expected CAGR that Sodium Lauryl Ether Sulfate Market is estimated to register is 5.5% over 2020

Sodium Lauryl Ether Sulfate Market was valued at USD 460 Million in 2020

According to the report published by Global Market Insights Inc., the SLES market is supposed to attain $1.5 billion by 2024.

Increasing household detergents business and rising personal care products demand are major factors expected to drive the growth of global market.

Solvay S.A., Evonik Industries, Croda International, BASF SE, Huntsman Corporation, The Dow Chemical Company, Stepan Company, Clariant Corporation, Galaxy Surfactants Ltd., Kao Corporation, Godrej Industries, Ho Tung Chemical Corp., Taiwan NJC Corporation, Zhejiang Zanyu Technology Co. Ltd., Ultra Group are some of the top contributors in the industry.

The detergents & cleaners application segment registered a major market value in 2015 and is projected to record a remarkable growth rate throughout the forecast period.