Press release
Foaming Success: Sodium Lauryl Ether Sulfate Market Report 2024 | Size, Share, and Forecast
Sodium Lauryl Ether Sulfate Market
The sodium lauryl ether sulfate [sles] market size is expected to see strong growth in the next few years. It will grow to $1.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growth in personal care industry, rising demand for surfactants, continued expansion in detergent manufacturing, shift towards eco-friendly formulations, product diversification in personal care.. Major trends in the forecast period include natural and organic formulations, sustainable and biodegradable surfactants, clean beauty movement, innovations in product formulations, diversification in personal care..
Market Overview -
Sodium lauryl ether sulfate (SLES) is a popular anionic surfactant found in a wide range of personal care products and for multiple industrial uses. It acts as a surfactant in cleaning products, wetting surfaces, and suspending soil so that it may be washed away. This component gives cleaning solutions foaming qualities to the products.
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Growing Personal Hygiene Awareness Amplifies Sodium Lauryl Ether Sulfate (SLES) Market Demand
Rising awareness about personal hygiene is expected to propel the growth of the sodium lauryl ether sulfate (SLES) market going forward. Personal hygiene refers to the practice of how a person cares for their body. Furthermore, the pandemic has heightened safety and hygiene concerns, resulting in increased consumption of personal care products and demand for sodium lauryl ether sulfate (SLES) utilized in these personal hygiene products. For instance, in September 2022, according to a report published by the US Bureau of Labor Statistics, a US-based government, the average annual expenditure for personal care products and services in 2020 was $646, which raised to $771 in 2021, representing a 19.3% annual increase. Therefore, the rising awareness about personal hygiene is driving the growth of the sodium lauryl ether sulfate (SLES) market.
Competitive Landscape -
Major companies operating in the sodium lauryl ether sulfate [sles] market report are Croda International Plc, Huntsman International LLC, Solvay SA, Taiwan NJC Corporation Ltd., Stepan Company, Galaxy Surfactants Limited, Godrej Industries Ltd., Kao Corporation, Clariant AG, Evonik Industries AG, Quimicos del Cauca S.A.S., Akshar Chemical India Private Limited, Zhengzhou Joint Industry Corporation, Yantai Wenxu Industrial Co. Ltd, Airedale Chemical Company Limited, BASF SE, Dow Inc., Sasol Limited, Oxiteno S.A. Indústria e Comércio, Vinati Organics Limited, Lion Corporation, Zhejiang Zanyu Technology Co. Ltd., Guangzhou Startec Science and Technology Co. Ltd., Xinyi Hengchang Chemical Co. Ltd., Lubrizol Corporation, Enaspol a.s., Innospec Inc., Hydrite Chemical Co., Sinolight Chemicals Co. Ltd., Miwon Commercial Co. Ltd., Sinopec Jinling Petrochemical Co., Yangzhou Chenhua New Materials Co. Ltd. .
Major Players Embrace Bio-Based Advances In The Sodium Lauryl Ether Sulfate (SLES) Market
Product innovation has emerged as a key trend gaining popularity in the sodium lauryl ether sulfate (SLES) market. Major companies operating in the market are advancing toward the use of bio-based solutions for the sodium lauryl ether sulfate (SLES) market. For instance, in June 2022, Solvay S.A., a Belgium-based chemical company and supplier of cosmetic ingredients, announced two new high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, that facilitate the creation of environmentally friendly beauty care products. These glycolipid biosurfactants, which are based on sugar and rapeseed oil and have a low carbon and environmental footprint, can be used in a variety of beauty care products, including face washes, lotions, shower gels, shampoos, and conditioners. The new Mirasoft line of products aims to create new business opportunities enabled by biotechnology and product end-of-life management while also meeting the growing demand for sustainable solutions by increasing the share of renewable carbon in Solvay's product offering.
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Key Segments -
The sodium lauryl ether sulfate [sles] market covered in this report is segmented -
1) By Type: Costemtic Grade, Industrial Grade, Pharmaceutical Grade
2) By Form: Dry, Liquid
3) By Application: Detergents And Cleaners, Personal Care, Agrochemicals, Medical Chemicals, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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