The Sodium Lauryl Ether Sulfate [SLES] by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sodium Lauryl Ether Sulfate [SLES], 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 growth in the historic period can be attributed to rise in personal care products, surfactant demand, detergent manufacturing, expansion of homecare products, cosmetics and personal care trends, consumer awareness and preferences.
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.
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.
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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
Top Major Players:
- Croda International PLC
- Huntsman International LLC
- Solvay SA
- Taiwan NJC Corporation Ltd.
- Stepan Company
Asia-Pacific was the largest region in the sodium lauryl ether sulfate (SLES) market in 2023
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, Mira soft SL L60 and Mira soft 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 Mira soft 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.
The sodium lauryl ether Sulfate [sles] market report table of contents includes:
1. Executive Summary
2. Sodium Lauryl Ether Sulfate [SLES] Market Characteristics
3. Global Sodium Lauryl Ether Sulfate [SLES] Market Trends And Strategies
4. Sodium Lauryl Ether Sulfate [SLES] Market – Macro Economic Scenario
5. Global Sodium Lauryl Ether Sulfate [SLES] Market Size and Growth
…….
26. Global Sodium Lauryl Ether Sulfate [SLES] Market Competitive Benchmarking
27. Global Sodium Lauryl Ether Sulfate [SLES] Market Competitive Dashboard
28. Key Mergers and Acquisitions Sodium Lauryl Ether Sulfate [SLES] Market
29. Sodium Lauryl Ether Sulfate [SLES] Market Future Outlook and Potential Analysis
30. Appendix
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