Sodium Lauryl Sulfate Market Projected to Reach US$11.27 bn by 2024

ALBANY, N.Y. - June 9, 2016 - PRLog -- Transparency Market Research has released a new market report titled "Sodium Lauryl Sulfate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024." According to the report, the global SLS, SLES, and LAS market was valued at US$7.26 bn in 2015 and is expected to reach US$11.27 bn by 2024, expanding at a CAGR of 5.0% from 2016 to 2024.SLS, SLES, and LAS are the widely used types of anionic surfactants. These are mostly employed in detergents and personal care products such as shampoos, shower gels, and toothpastes.SLS, SLES, and LAS surfactants contain long chain fatty acids or alcohols derived from petrochemicals and oleochemicals.
Petrochemical derivatives are obtained from natural gas and crude oil through the chemical process to manufacture fatty acids and fatty alcohols essential in the production of surfactants. Intermediates employed in the production of surfactants include fatty acids, fatty alcohols, fatty acid methyl esters, and fatty amines primarily obtained from animal and plant fats.SLS, SLES, and LAS are majorly used in detergents, shampoos, agriculture solutions, toothpastes, lubricants, cleaning, and other personal care products.

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Linear Alkylbenzene Sulfonate (LAS) was the largest product segment of the SLS, SLES, and LAS market, accounting for more than 75% volume share in 2015. LAS is manufactured by sulfonating Linear Alkylbenzene (LAB). Currently, LAS is the primary surfactant used in many detergents and personal care products. When compared with SLS and SLES, LAS is economical and better performer in both its forms: liquid and powder. This makes it the most preferred anionic surfactant vis-à-vis SLS and SLES. LAS is also projected to be the fastest growing product segment of the SLS, SLES, and LAS market during the forecast period.

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Detergents & cleaners was the largest application segment of the global SLS, SLES, and LAS market, constituting more than 65% volume share in 2015. In terms of revenue, personal care is expected to be the fastest growing application segment, expanding at a CAGR of 5.3% from 2016 to 2024. Increasing demand for household detergents and personal care products is anticipated to drive the demand for SLS, SLES, and LAS in the near future. Key players operating in the SLS, SLES, and LAS market include Croda International Plc., Clariant, Solvay, Huntsman International LLC, Stepan Company, Henkel AG & Co. KGaA, Galaxy Surfactants, BASF SE, The Chemours Company, The Dow Chemical Company, Kao Corporation, Oxiteno, Godrej Industries Limited, Taiwan NJC Corporation, Ltd., Evonik Industries AG, and Akzo Noble N.V.