Sodium Lauryl Sulfate Market to exceed $800 Mn by 2026
Published Date: October 23, 2019 Authors: Kiran Pulidindi, Hemant Pandey
Sodium Lauryl Sulfate (SLS) Market size is estimated to surpass USD 800 million by 2026; according to a new research report by Global Market Insights, Inc.
Robust usage of industrial & household cleaners and detergents will make a significant contribution toward SLS market size during the forecast period. This is attributed to the increasing awareness toward personal hygiene coupled with workplace & domestic cleanliness, which will subsequently drive the product usage by 2026. In addition, stringent regulations imposed by the government to maintain hygiene to ultimately reduce the ailment-instigating agents in the ecosystem is likely to make a prominent contribution to the product consumption over the forecast span.
High SLS usage in personal care products
Personal care segment is an expanding, highly regionalized and progressively diverse industry. Personal care products are experiencing a surge due to rising spending power of consumers in developing economies coupled with increasing willingness to spend on personal hygiene and grooming. Asia Pacific and Latin America are two main regions that is expected to exhibit maximum growth potential for personal care goods in the upcoming years. Moreover, introduction of special personal grooming products targeted for the male population along with rising number of working women has seen surged customer spending on such products and is expected to drive this application segments growth in the near future.
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Health and environmental risks may hamper sodium lauryl sulfate market growth
SLS is a common ingredient in a majority of the personal care products. It has however been linked to various health hazards such as neurotoxicity, cancer, organ toxicity, skin irritation, and endocrine disruption. Furthermore, in large quantities, it is known to be harmful to the environment and the use and disposal of cleaning products and detergents release SLS into soil and water systems. It is toxic to aquatic life and has the potential to bioaccumulate in the bodies of fishes and other organisms. This may prove to be a major factor hindering the sodium lauryl sulfate market growth during the forecast period.
Browse key industry insights spread across 340 pages with 151 market data tables & 26 figures & charts from the report, “Sodium Lauryl Sulfate (SLS) 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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026” in detail along with the table of contents:
Liquid sodium lauryl sulfate market will continue to be in majority shareholding position, with close to 65% share by 2026. Liquid SLS is preferred over dry SLS for household detergents & cleaners, personal care goods and dish washing liquids due to presence of less active matter. In addition, it is preferable owing to its soaring miscibility with different chemicals and cost-effective nature which in turn becomes economically viable for consumers.
Dish washing liquid is likely to generate copious opportunities
Dishwashing liquids are available for commercial as well as consumer sectors. In commercial sector, the consumption is reliant on economic development. In the consumer sector, the popularity is dependent upon the increase in population, especially in the households involving children. Foam forming capability, viscosity, and grease cutting are important characteristics for dishwashing and SLS has excellent foaming and lather properties. SLS market from dish washing liquids will exhibit over 5% CAGR during the forecast period.
Asia Pacific will dominate the global consumption
The positive growth indicators in the Asia Pacific personal care industry are based on an increasing awareness for maintaining personal hygiene and workplace cleanliness. India, Japan, and China will be the largest contributors to SLS popularity in the region. Asia Pacific accounted for over 40% of the total SLS sales and will continue to garner high revenues until 2026.
The key players involved in sodium lauryl sulfate market share are Solvay, Huntsman Corp., Clariant Corporation, Croda International, Stepan Co., Galaxy Surfactants, BASF SE, Godrej Industries Ltd., Xiamen Ditai Chemical Company Limited, Kao Corporation, Oxiteno S/A. Indústria E Comércio, Melan Chemical Co., etc.