Sodium Lauryl Sulfate (SLS, SLES, and LAS) Market to Reach Valuation of US$11 Billion by 2024 - TMR

News provided by

Jun 20, 2019, 08:00 ET

ALBANY, New York, June 20, 2019 /PRNewswire/ -- The global sodium lauryl sulfate Market, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate (SLS, SLES, and LAS) market showcases steep fragmentation, as reported by Transparency Market Research (TMR) analysts. The global SLS, SLES, and LAS market is home to a number of regional vendors who exhibit a strong position in their respective industries. Several new players are seen entering the global sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate market. This could be on account of low entry barriers owing to easy availability of raw materials and low initial investments.

Vendors in the global sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate market concentrate on fresh and innovative applications of the product. Transparency Market Research reports that key players maintain their share of the market through investments in R&D operations and expansions of their portfolios.

Request a Sample of Global Sodium Lauryl Sulfate (SLS, SLES, and LAS) Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2600

Prominent players in the global SLS, SLES, and LAS market include Solvay, Stepan Company, Akzo Nobel, BASF SE, and Kao Corporation. In 2015, BASF SE was the leading vendor in the global sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate market. It was closely followed by Stepan Company and Akzo Nobel N.V.

TMR analysts project the global SLS, SLES, and LAS market to exhibit a 4.2% CAGR over the forecast period 2016 to 2024, in terms of volume.

Among the different application segments, a key focus exists on the personal care products segment. The personal care segment is expected to see high potential for growth during the forecast period, on account of high consumption of lotions, creams, and cleaning agents using these products.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2600

Asia Pacific is expected to demonstrate a lucrative growth rate in the global SLS, SLES, and LAS market in the coming years. The growing disposable incomes in the region, coupled with the high penetration and demand for cosmetic and personal care products could be held accountable for growth in this region.

Growing Consumer Demand for Superior Personal Care Products to Bolster Growth

SLES and SLS are active ingredients in products such as lotions, cleaning products, and creams in cosmetics. These components give bubble baths and cleaning products lathering and moisturizing characteristics, which contribute to their demand. The global SLS, SLES and LAS market is anticipated to be driven by changing consumer lifestyle patterns in emerging economies such as China and India, combined with high expenditure ability. The growing adoption of these products for their superior quality is expected to amplify the global sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate market in the coming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=2600

Growing Application in Detergents to Fuel Demand

The global SLS, SLES and LAS market is also highly influenced by the elevated consumption level of detergents, as producers are increasingly preferring LAS compared with other surfactants. This greater preference is due to the fact that LAS is available in both liquid and powdered acidic and alkaline detergents. In addition, LAS is comparatively inexpensive compared to other standard tensioners. This is another key trend boosting the sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate market to a large extent.

Adoption of Bio-Based Alternatives May Pose a Threat to SLS, SLES, and LAS Market

SLS and SLES are not renewable products used in the production. Ethylene oxide is for example distilled from a non-renewable resource called crude oil. Hand-made soap and other SLS-free cosmetics quickly enter the market, since they are relatively cheaper and secure. They are therefore used for the production of care and cosmetic products for kids and represent a challenge to the global SLS, SLES, and LAS market.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/sodium-lauryl-sulfate-market.htm

This review is based on TMR's report titled, "Sodium Lauryl Sulfate Market (SLS Liquid and SLS Dry), Sodium Lauryl Ether Sulfate Industry (SLES) and Linear Alkylbenzene Sulfonate (LAS) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024."Top of Form

The global Sodium Lauryl Sulfate (SLS, SLES, and LAS) Market is segmented along the following lines:

Product

SLS
SLES
LAS

Application

Detergents & cleaners
Personal care
Textile & leather
Oilfield chemicals
Others (including paints & coatings, polymer additives, and agricultural chemicals)

Regional Analysis

North America

U.S.
Rest of North America

Europe

France
U.K.
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
South Korea
Taiwan
Indonesia
Malaysia
Thailand
Vietnam
Philippines
Singapore
India
Pakistan
Australia
Rest of Asia Pacific

Latin America

Brazil
Rest of Latin America

Middle East & Africa (MEA)

Saudi Arabia
Iran
Qatar
Rest of MEA

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Sodium Laureth Sulfate Market: https://www.transparencymarketresearch.com/sodium-laureth-sulfate-market.html
Sodium Lactate Market: https://www.transparencymarketresearch.com/sodium-lactate-market.html
Sodium Lauryl Sarcosinate Market: https://www.transparencymarketresearch.com/sodium-lauryl-sarcosinate-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com

Research Blog: http://www.europlat.org/

SOURCE Transparency Market Research