Sodium Lauryl Sulfate (SLS) Business Research Report 2024: Market to Reach $919.9 Million by 2030 - Focus on Developing Low-Dose, High-Efficacy SLS Formulations Creates New Opportunities
Sodium Lauryl Sulfate (SLS) Market
Dublin, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The "Sodium Lauryl Sulfate (SLS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sodium Lauryl Sulfate (SLS) was estimated at US$648.9 Million in 2023 and is projected to reach US$919.9 Million by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
SLS continues to be popular due to its effectiveness and versatility. The growing demand for cleaning and personal care products across the globe, driven by rising hygiene awareness and urbanization, is propelling the SLS market.
What Are the Key Drivers of Growth in the SLS Market?
The growth in the Sodium Lauryl Sulfate (SLS) market is driven by several factors, including the increasing demand for cleaning and personal care products, technological advancements in mild and sustainable surfactants, and the expansion of industrial cleaning applications. The rising focus on hygiene and cleanliness, particularly in the wake of the COVID-19 pandemic, is driving the demand for SLS in household and industrial cleaning products.
The shift towards more sustainable and biodegradable surfactants is promoting the development of new-generation SLS formulations with reduced environmental impact. The growth of the personal care segment, driven by the demand for high-foaming and deep-cleaning shampoos and body washes, is further supporting market growth. Additionally, the increasing use of SLS in oil and gas applications, such as enhanced oil recovery, is creating new opportunities for market expansion.
How Are Emerging Alternatives and Health Concerns Affecting the SLS Market?
The Sodium Lauryl Sulfate market is undergoing transformation due to the rising demand for sulfate-free and milder surfactants, driven by increasing consumer awareness of health and safety. Concerns over skin irritation, allergic reactions, and environmental impact have led to the development of alternative surfactants such as Sodium Coco-Sulfate (SCS), Sodium Lauryl Sulfoacetate (SLSA), and plant-based surfactants that offer similar foaming and cleaning properties with reduced irritation potential.
The shift towards natural and organic personal care products is further influencing the demand for sulfate-free formulations. Additionally, advancements in green chemistry and sustainable manufacturing processes are enabling the production of more biodegradable and eco-friendly SLS formulations, addressing environmental concerns and expanding the market's appeal among environmentally conscious consumers.
Which Market Segments Are Contributing to the Growth of the SLS Industry?
Applications of SLS include personal care products, household cleaning products, industrial cleaners, and others, with household cleaning products holding the largest market share due to the widespread use of SLS in detergents, dishwashing liquids, and surface cleaners. End-use industries comprise personal care and cosmetics, household cleaning, industrial cleaning, and oil and gas, with household cleaning leading the market due to the high demand for effective cleaning agents.
Geographically, North America and Europe are the largest markets for SLS, driven by high consumer awareness and demand for cleaning and personal care products, while Asia-Pacific is expected to witness significant growth due to rising urbanization, increasing disposable incomes, and expanding industrial sectors.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Household Detergents & Cleaners Application segment, which is expected to reach US$393.3 Million by 2030 with a CAGR of a 5.8%. The Personal Care Products Application segment is also set to grow at 4.5% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, which was valued at $173.7 Million in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $202.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Akshar Chemicals India Private Limited, Ampak Chemicals Inc., Chemceed, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
Report Attribute | Details |
No. of Pages | 192 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $648.9 Million |
Forecasted Market Value (USD) by 2030 | $919.9 Million |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Global Economic Update
Sodium Lauryl Sulfate (SLS) - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
Increasing Use of SLS in Detergents and Cleaning Products Drives Market Growth
Rising Demand for SLS in Personal Care Products, Including Toothpaste and Shampoos, Expands Addressable Market
Focus on Enhancing Foam Stability and Cleaning Efficiency Propels Market Innovation
Challenges Related to Health Concerns and Skin Irritation Pose Market Constraints
Shift Towards Sulfate-Free and Mild Surfactants Spurs Competitive Market Dynamics
Technological Advancements in SLS Production Processes Strengthen Market Potential
Growing Emphasis on Sustainable and Biodegradable Surfactants Drives Market Adoption
Expansion of SLS Applications in Industrial Cleaners and Pharmaceutical Formulations Enhances Market Reach
Rising Demand for High-Performance Surfactants in Oil & Gas Industry Fuels Market Growth
Focus on Developing Low-Dose, High-Efficacy SLS Formulations Creates New Opportunities
Growth in Household and Industrial Cleaning Segments Expands Market Demand for SLS
Emergence of Natural and Plant-Based Surfactants Throws Spotlight on Eco-Friendly Alternatives
FOCUS ON SELECT PLAYERS(Total 38 Featured):
Akshar Chemicals India Private Limited
Ampak Chemicals Inc.
Chemceed
Chemmax Chemical Co. Limited
Dongming Jujin Chemical Co. Ltd.
Erca Wilmar Cosmetic Ingredients S.R.L
Explicit Chemicals Pvt., Ltd.
Kvadro Ltd.
Qingdao Teland Chemical Co., Ltd.
Sinarmas Cepsa Pte. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/2xik5g
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