Global Sodium Lauryl Sulfate Industry – Latest Market Growth Trend Analyzed
The report "Global Sodium Lauryl Sulfate (SLS) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021" added by DecisionDatabases.com to its vast repository provides market insights, facts, historical data, and future projections of the sodium lauryl sulphate industry. This report provides information on revenue and consumption/production volume for the period 2014 to 2021. Drivers, restraints, and opportunities are intellectually assessed in the research report on the global sodium lauryl sulphate market.
Sodium lauryl sulphate (SLS) is an odorless white organic compound, which is used in the production of cleaning related products. Sodium lauryl sulphate finds applications in various cleaning and sanitation activities due to its anionic surfactant properties. Sodium lauryl sulphate market is anticipated to witness a significant growth on account of its wide usage as detergents, cleaners and soaps. It also finds applications in personal care items such as shaving creams, shampoos and toothpastes. Growth in the cleaners and detergents segment is anticipated to be a major market driver for the sodium lauryl sulphate market on account of its property of separation of dirt molecules from the surface.
Sodium lauryl sulphate finds some applications in other industries also and is used as food additive, pesticides, biocide and taste altering agent. Global SLS market is segmented by product into SLS dry and SLS liquid product segment. On the basis of application, SLS is divided into detergents & cleaners, personal care, oilfield chemicals, textile & leather and others segment. Other segments include agricultural chemicals, paints & coatings and plastics.
Detergents and cleaners was the leading application segment followed by personal care items. The global personal care market is anticipated to grow at a considerable rate, which in turn will augment the market growth of SLS owing to its widespread use in the above segment. Growing usage of SLS in healthcare sector for DNA extraction and hemoglobin-analysis is expected to fuel market growth in the near future. Furthermore, rising demand of sodium lauryl sulphate as a surfactant in floor cleaners, engine degreasers and car wash soaps also add to further growth over the forecast period. Increasing demand of SLS in the pesticide and biocide industry on account of its property to inhibit growth of various viruses will open new avenues for the market growth in the near future. However, toxic effect of SLS results in eye inflammation and skin irritation remains a key challenge and may hinder the market growth over the coming years. Additionally, usage of SLS in toothpaste results into ulcers is another restraint in its market growth. Furthermore, low production cost and wide usage in domestic and commercial applications is projected to boost the market demand for sodium lauryl sulphate in potential application in the near future.
Growing consumer awareness regarding the need of hygiene to live a healthy life is also expected to bolster market growth. Rapid usage of SLS in personal care items will surge the market growth over the forecast period. Burgeoning population and changing lifestyle preferences has been driving the global demand for detergents and cleaners, which will further drive the growth of sodium lauryl sulphate market globally. Environmental concerns and health issues is expected to restrict the market growth in the near future.
Global SLS market is divided into five geographical regions, which include Asia Pacific, Europe, North America, MEA and Latin America. Asia Pacific was the major market for SLS and is anticipated to witness significant growth over the coming years owing to rising personal care sector especially in China and India. North America and European market is also expected to grow at a sluggish rate on account of market saturation in the regions.
Major industry players for SLS include Stepan Compant, Solvay SA, Croda International, BASF Se, Clariant Corporation, Dow Chemicals, Akzo Nobel NV, Rhodis SA, Evonik Industries, Sasol Limited, Galaxy Surfactants Limited, Kao Corporation, Oxiteno, Guangzhou Xingyi Chemical Limited, Godrej Industries Limited and Huntsman Corporation.
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