Personal Care Products
Sodium Lauryl Ether Sulfate (SLES) Market to witness appreciable growth via surging demand for detergents and cleaners over 2016-2024
China SLES Market Size, By Application, 2013 – 2024 (USD Million)
Growing industrialization and urbanization across the globe are the key factors influencing product demand positively. The numerous lifestyle changes that consumers have adopted of late have led to an increase in their spending capabilities as well. People have now begun to give preference to personal and organizational cleanliness. On these grounds, Asia Pacific sodium lauryl ether sulfate industry will register an annual growth rate of above 5% over the coming seven years, having accounted for more than 30% of the global share in 2015. This growth can be credited to the increasing awareness among the APAC population with regards to residential, institutional, and personal hygiene.
Pertaining to the superior lathering and foaming properties, SLES products are primarily used in various personal care products such as facial cleansers, body washes, soaps, creams, toothpastes, shampoos, and lotions. Personal care products covered 25% of the overall sodium lauryl ether sulfate (SLES) market share in 2015 and will generate a significant revenue with a CAGR of more than 6% over the coming timeframe. Surging acceptance of the product across the developing countries will augment sodium lauryl ether sulfate industry growth. Europe is the main base of most of the industry giants in the personal care manufacturing sector, owing to the increasing demand for the personal care products across this region.
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Europe sodium lauryl ether sulfate industry collected a revenue of USD 250 million in 2015 and is slated to generate considerable revenue with an annual growth rate of above 4.5% over 2016-2024. High living standards along with increasing consciousness among the people about cleanliness and personal care will boost the product demand noticeably across this region. As per estimates, in 2015, Europe contributed a revenue of USD 100 million toward the overall sodium lauryl ether sulfate industry via personal care product sales.
Detergent manufacturing industries have been using SLES product extensively, owing to the ease of availability and their capability to remove formidable stains. Sodium lauryl ether sulfate market size from detergents & cleaners was valued at USD 450 million in 2015 and is slated to witness considerable annual growth rate over the coming seven years. This product is adaptable to both water and fat, which will augment its demand and propel sodium lauryl ether sulfate industry share noticeably.
The key players in sodium lauryl ether sulfate market are Evonik Industries, Stepan Company, Croda International, BASF, Dow Chemical Company, Clariant Corporation, Solvay S.A., Galaxy Surfactants Ltd., Huntsman Corporation, Zanyu Technology Group Co Ltd., Kao Corporation, Taiwan NJC Corporation, Godrej Industries, Ultra Group, and Ho Tung Chemical Corp.
Author Name : Sunil Hebbalkar
APAC to stimulate Linear Alkylbenzene Sulfonate (LAS) Market, surging demand from the household detergents & cleaners sector to enhance industry growth over 2016-2024
China Linear Alkylbenzene Sulfonate (LAS) Market Size, By Application, 2013 – 2024 (USD Million)
Awareness regarding personal health and hygiene has been increasing of late. In addition, improving customer lifestyles has led to a rise in the requirement of personal care products. On these grounds, linear alkylbenzene sulfonate market from personal care applications generated a revenue of USD 450 million in 2015 and will collect considerable revenue by the end of 2024. The product is prominently used in the personal care goods, owing to its feasible characteristics such as excellent foam generation, cleansing, and emulsifying capabilities.
North America linear alkylbenzene sulfonate market was valued USD 850 million in 2015 and will register significant annual growth rate over the coming timeframe. Escalating requirement of personal care products, cleaners, and dish washing liquids, owing to the presence of a huge customer base will influence the regional industry growth. U.S. will contribute substantially toward North America industry share.
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Asia Pacific linear alkylbenzene sulfonate industry covered more than 40% of the global revenue contribution in 2015 and will generate considerable revenue with a significant CAGR over the coming seven years. Rapidly increasing population and enhanced livelihood will stimulate the regional growth. The rising per capita income will also fuel the demand for products such as household detergents and personal care goods. In addition to this, deployment of strict regulations regarding health and hygiene along with rapid industrialization will propel the regional linear alkylbenzene sulfonate industry growth.
Household detergents and cleaners led the application segment of LAS (linear alkylbenzene sulfonate) industry by accounting over 40% of the business share in 2015 and will exhibit considerable CAGR over the years ahead. Consumers across the globe have been treading toward cleanliness and hygiene standards to maintain good health. Besides, changing preferences of customers along with rising awareness among the people will propel the product demand significantly.
Europe linear alkylbenzene sulfonate industry is slated to generate considerable revenue with an annual growth rate of 5% over the coming seven years. This product is extensively used in household detergents and cleaners. Europe has been fueling the demand for household detergents and cleaners as well as dish washing cleaners over the last few years and will continue to be one of most lucrative regional grounds in the future. Moreover, major personal care manufacturers have established their plants in Germany, UK, and France, thereby impelling the regional demand for LAS industry.
The key participants in LAS (linear alkylbenzene sulfonate) market are Rhodia SA, Evonik Industries AG, Clariant Corporation, Huntsman Corporation, Stepan Company, BASF SE, The Dow Chemical Company, Croda International, Galaxy Surfactants Ltd., Hansa Group AG, Henkel AG & Co. KGaA, and DuPont.
Author Name : Sunil Hebbalkar