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Sodium Lauryl Sulfate Marketplace is anticipated to develop at a CAGR of round 5.0% throughout 2019-2029

sodium lauryl sulfate market

Patience Marketplace Analysis not too long ago printed a marketplace study find out about at the sodium lauryl sulphate marketplace, titled, ‘Sodium Lauryl Sulfate Marketplace – International Trade Research 2014-2018 and Forecast 2019-2029”. The study find out about displays the worldwide sodium lauryl sulfate marketplace outlook for the following ten years, in conjunction with the compound annual expansion charge. The worldwide sodium lauryl sulfate marketplace accounted for round US$ 800.0 Mn through the top of FY 2018, and is anticipated to develop at a CAGR of round 5.0% throughout 2019-2029. A few of the end-use segments of sodium lauryl sulfate, the non-public care merchandise section is estimated to develop at a vital expansion charge, because of greater consciousness against private hygiene and converting life.

The call for for sodium lauryl sulfate is anticipated to be pushed essentially through inhabitants expansion, urbanization, building up in disposable source of revenue, and the supplementary necessities for private care merchandise. Expanding consciousness about private care and emerging disposable source of revenue are the most important elements for the expansion of the worldwide sodium lauryl sulfate marketplace. Shoppers of private care merchandise are discovering fast and simple merchandise to make use of, similar to paper soaps, foam pumps, commute dimension face washes, and so forth., which can be efficient and feature prime efficacy. Thereby, the rising call for for foam-based cosmetics is anticipated to gas the worldwide sodium lauryl sulfate over the forecast length.

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The forged type of sodium lauryl sulfate has prime content material of lively shape. As such, the cast shape sodium lauryl sulfate section has captured a vital marketplace percentage within the international sodium lauryl sulfate marketplace. Relating to geographical research, East Asia is expected to be a vital platform for the sodium lauryl sulfate marketplace, and is estimated to develop at a CAGR of just about 6% throughout the forecast length. Relating to finish use, the non-public care section was once valued round US$ 800 Mn through the top of 2018, and expected to constitute a complete incremental $ alternative just about US$ 500.0 Mn between 2019 and 2029.

Regional Marketplace Projections

Geographically, East Asia and South Asia are choosing up within the international sodium lauryl sulfate marketplace, owing to expanding disposable source of revenue and rising business infrastructure. The call for for sodium lauryl sulfate is majorly pushed through the spending on cosmetics and different client items, which implicitly is dependent upon the expansion in according to capita beauty spending and converting life, pushed through international GDP expansion. Additional, secure financial expansion in creating international locations similar to China, India, Brazil, and ASEAN international locations, and emerging according to capita disposable source of revenue and expenditure in those areas, are the foremost elements which are riding the expansion of the sodium lauryl sulfate marketplace.

Moreover, in evolved areas similar to North The us and Europe, the adoption of laundry operations and utilization of washing machines has extensively greater. This percentage is much less in creating areas similar to Asia Pacific. As an example, in 2017, between 81% and 85% of laundry duties have been performed the usage of computerized machines. Consumers are susceptible to make stronger laundry operations. Owing to this, the call for for washing merchandise similar to detergents, soaps, and so forth., is considerably prime in those areas. Thus, the call for for sodium lauryl sulfate continues to develop at a wholesome charge.

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Supplier Insights

  • Solvay SA
  • DowDupont Inc.
  • Croda Global Percent
  • Stepan Corporate
  • Galaxy Surfactants Lt6d.
  • Godrej industries Ltd.
  • Kao Company
  • Huntsman Global LLC
  • Clariant AG
  • The Lubrizol Company
  • Sasol
  • New Japan Chemical Co., Ltd.

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Coronavirus News

Sodium Lauryl Sulfate Market to be Sinusoidal Amidst Covid-19

sodium lauryl sulfate market

Sodium lauryl sulfate finds applications in beauty care as well as industrial cleaning. The outbreak of Covid-19 has curbed the demand from beauty care sector but increased demand from industrial cleaning vertical, especially after the WHO advising people to prioritize hygiene. The US FDA also asks for manufacturing standards to be adhered to by food and beverage industry. So, it is a sinusoidal situation for sodium lauryl market right now, but the situation is expected to improve post-Covid-19 era.

Persistence Market Research recently published a market research study on the sodium lauryl sulphate market, titled, ‘Sodium Lauryl Sulfate Market – Global Industry Analysis 2014-2018 and Forecast 2019-2029”. The research study shows the global sodium lauryl sulfate market outlook for the next ten years, along with the compound annual growth rate. The global sodium lauryl sulfate market accounted for around US$ 800.0 Mn by the end of FY 2018, and is expected to grow at a CAGR of around 5.0% during 2019-2029. Among the end-use segments of sodium lauryl sulfate, the personal care products segment is estimated to grow at a significant growth rate, due to increased awareness towards personal hygiene and changing lifestyles.

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The demand for sodium lauryl sulfate is expected to be driven primarily by population growth, urbanization, increase in disposable income, and the supplementary requirements for personal care products. Increasing awareness about personal care and rising disposable income are crucial factors for the growth of the global sodium lauryl sulfate market. Consumers of personal care products are finding quick and easy products to use, such as paper soaps, foam pumps, travel size face washes, etc., which are effective and have high efficacy. Thereby, the growing demand for foam-based cosmetics is expected to fuel the global sodium lauryl sulfate over the forecast period.

The solid form of sodium lauryl sulfate has high content of active form. As such, the solid form sodium lauryl sulfate segment has captured a significant market share in the global sodium lauryl sulfate market. In terms of geographical analysis, East Asia is anticipated to be a significant platform for the sodium lauryl sulfate market, and is estimated to grow at a CAGR of nearly 6% during the forecast period. In terms of end use, the personal care segment was valued around US$ 800 Mn by the end of 2018, and anticipated to represent a total incremental $ opportunity nearly US$ 500.0 Mn between 2019 and 2029.

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Regional Market Projections

Geographically, East Asia and South Asia are picking up in the global sodium lauryl sulfate market, owing to increasing disposable income and growing industrial infrastructure. The demand for sodium lauryl sulfate is majorly driven by the spending on cosmetics and other consumer goods, which implicitly depends upon the growth in per capita cosmetic spending and changing lifestyles, driven by global GDP growth. Further, steady economic growth in developing countries such as China, India, Brazil, and ASEAN countries, and rising per capita disposable income and expenditure in these regions, are the major factors that are driving the growth of the sodium lauryl sulfate market.

Furthermore, in developed regions such as North America and Europe, the adoption of laundry operations and usage of washing machines has widely increased. This share is less in developing regions such as Asia Pacific. For instance, in 2017, between 81% and 85% of laundry tasks were carried out using automated machines. Customers are inclined to enhance laundry operations. Owing to this, the demand for laundry products such as detergents, soaps, etc., is significantly high in these regions. Thus, the demand for sodium lauryl sulfate continues to grow at a healthy rate.

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Company Profiles:

  • Solvay SA
  • DowDupont Inc.
  • Croda International Plc
  • Stepan Company
  • Galaxy Surfactants Lt6d.
  • Godrej industries Ltd.
  • Kao Corporation
  • Huntsman International LLC
  • Clariant AG
  • The Lubrizol Corporation
  • Sasol
  • New Japan Chemical Co., Ltd.
  • Aarti Industries Ltd.