PUBLISHER: The Business Research Company | PRODUCT CODE: 1409808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409808
“Sodium Lauryl Ether Sulfate [SLES] Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sodium lauryl ether sulfate [sles] market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sodium lauryl ether sulfate [sles]? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The sodium lauryl ether sulfate [sles] market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Sodium lauryl ether sulfate (SLES) is a widely used anionic surfactant present in numerous personal care products and utilized across various industrial applications. It functions as a surfactant, aiding in cleaning processes, wetting surfaces, and suspending soil for effective removal. This ingredient also imparts foaming characteristics to cleaning solutions.
Sodium lauryl ether sulfate (SLES) is primarily categorized into cosmetic grade, industrial grade, and pharmaceutical grade. Cosmetic-grade SLES serves as a raw ingredient in cosmetic production and is available in dry and liquid forms. Its applications span across diverse sectors, including use in detergents and cleaners, personal care products, agrochemicals, medical chemicals, and other industrial applications.
The sodium lauryl ether sulfate (SLES) market research report is one of a series of new reports from The Business Research Company that provides sodium lauryl ether sulfate (SLES) optical components market statistics, including sodium lauryl ether sulfate (SLES) optical components industry global market size, regional shares, competitors with a sodium lauryl ether sulfate (SLES) optical components market share, detailed sodium lauryl ether sulfate (SLES) optical components market segments, market trends and opportunities, and any further data you may need to thrive in the sodium lauryl ether sulfate (SLES) optical components industry. This sodium lauryl ether sulfate (SLES) optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sodium lauryl ether sulfate [sles] market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The historical growth in the utilization of sodium lauryl ether sulfate (SLES) during the past period can be attributed to various factors. These include the increased demand for personal care products, a surge in the need for surfactants across industries, growth in detergent manufacturing, the expansion of homecare product ranges, evolving trends in cosmetics and personal care, and heightened consumer awareness and preferences. These factors collectively contributed to the increased usage and demand for SLES.
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%. Anticipated growth in the forthcoming period is expected to be driven by several factors, including the expanding personal care industry, increased demand for surfactants, ongoing expansion in detergent manufacturing, a noticeable shift towards eco-friendly formulations, and a trend towards product diversification within the personal care sector. Key trends projected for this period encompass the adoption of natural and organic formulations, a focus on sustainable and biodegradable surfactants, embracing the clean beauty movement, innovations in product formulations, and a further diversification of products within the personal care segment. These trends collectively contribute to the anticipated growth and evolution within the industry.
The sodium lauryl ether sulfate (SLES) market is poised for growth, driven by an increasing awareness of personal hygiene practices. Personal hygiene, encompassing how individuals care for their bodies, has gained prominence, especially with heightened safety and hygiene concerns during the pandemic. This has led to a surge in the consumption of personal care products, consequently boosting the demand for sodium lauryl ether sulfate (SLES) in these products. Notably, a report from the US Bureau of Labor Statistics revealed that the average annual expenditure on personal care products and services increased from $646 in 2020 to $771 in 2021, marking a substantial 19.3% annual growth. The rising consciousness regarding personal hygiene is a key factor propelling the growth of the sodium lauryl ether sulfate (SLES) market.
The sodium lauryl ether sulfate (SLES) market is anticipated to experience growth fueled by the increasing demand for liquid detergents. Liquid detergents, versatile cleaning agents soluble in liquid form, are widely used in both residential and commercial settings for various cleaning applications. Sodium lauryl ether sulfate (SLES) plays a pivotal role as a surfactant in the production of liquid detergents. The consumer preference for liquid forms of cleaning products has further contributed to the effectiveness of SLES in cleaning and foaming applications. According to data from Chegg, Inc., a US-based education technology company, sales of top brands of liquid laundry detergent increased from 3267.92 million in 2021 to 3433.86 million in 2022. Similarly, sales of Tide detergent rose from 1257.75 million in 2021 to 1382.72 million in 2022. The growing demand for liquid detergents is a significant driver of the sodium lauryl ether sulfate (SLES) market.
Product innovation stands out as a notable trend in the sodium lauryl ether sulfate (SLES) market, with major companies focusing on bio-based solutions. In a noteworthy example, Solvay S.A., a Belgium-based chemical company and supplier of cosmetic ingredients, introduced two high-performance biosurfactants, Mirasoft SL L60 and Mirasoft SL A60, in June 2022. These bio-based glycolipid biosurfactants, derived from sugar and rapeseed oil, boast a low carbon and environmental footprint. They find applications in various beauty care products, including face washes, lotions, shower gels, shampoos, and conditioners. The introduction of the Mirasoft line aims to tap into new business opportunities enabled by biotechnology and end-of-life product management. Additionally, it aligns with the growing demand for sustainable solutions by increasing the share of renewable carbon in Solvay's product offering, reflecting a broader trend in the sodium lauryl ether sulfate (SLES) market.
Major players in the sodium lauryl ether sulfate (SLES) market are actively pursuing strategic collaborations with prominent manufacturing companies to enhance their market position. These collaborations provide companies with valuable partnerships, leveraging the expertise of allied firms to turn conceptual ideas into tangible products. An illustrative example is the collaboration between LanzaTech Global, Inc., a US-based carbon recycling company, and The Dow Jones Industrial Average (Dow), a US-based materials science company, announced in September 2023. This collaboration resulted in the development of EcoSense 2470, a novel biodegradable surfactant tailored for the home care market. Dow's surfactant, produced using LanzaTech's CarbonSmartTM technology, incorporates recycled carbon materials, aligning with sustainability goals while maintaining high-performance standards. The strategic collaboration ensures swift market entry for EcoSense 2470, highlighting the effectiveness of partnerships in advancing innovative solutions.
In June 2021, One Rock Capital Partners LLC, a US-based investment company, completed the acquisition of BASF SE's production plant for an undisclosed amount. Following the acquisition, the plant was rebranded as Kensing LLC. This strategic initiative allows the new entity to preserve BASF's longstanding commitment to quality and reliability, while also providing enhanced focus and resources to foster continued growth across the primary end industries it serves. BASF SE, a Germany-based chemical manufacturing company, operated the Kankakee manufacturing site, producing specialty chemicals, including sodium lauryl ether sulfate for personal care products. This acquisition by One Rock Capital Partners LLC signifies a strategic move to reinforce and expand the capabilities of Kensing LLC in serving the evolving needs of the sodium lauryl ether sulfate (SLES) market.
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. Industria e Comercio, 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. .
Asia-Pacific was the largest region in the sodium lauryl ether sulfate (SLES) market in 2023 and is expected to be the fastest-growing region in the sodium lauryl ether sulfate (SLES) market during the forecast period. The regions covered in the sodium lauryl ether sulfate [sles] market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the sodium lauryl ether sulfate [sles] market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The sodium lauryl ether sulfate (SLES) market consists of sales of ammonium lauryl sulfate (ALS), and sodium pareth sulfate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.