Sodium Lauryl Sulfate Market - Forecast(2023 - 2028)

Overview

Sodium Lauryl Sulfate (SLS) Market size is forecast to reach the market size of $734 million by 2025, after growing at a CAGR of 5.3% during 2020-2025. During the forecast period, intensive use of industrial & household cleaners and detergents would contribute significantly to the growth of the sodium lauryl sulfate (SLS) industry. This is due to the growing knowledge of personal hygiene coupled with office & domestic cleanliness, which will boost consumer use by 2026. However, strict regulations imposed by the government to preserve hygiene and eventually that the ailment-inducing agents in the environment are expected to make a significant contribution over the forecast timeframe to consumer consumption.

Sodium lauryl sulfate is a synthetic soap, or surfactant, which can be derived from coconut oil, palm kernel oil, or milk. This produces as it cleanses a foamy lather, and is very effective in removing oil and debris from clothes and surfaces. It is cheap and almost entirely biodegradable. It is an anionic surfactant used in many cleaning and hygiene products. it is suitable in most routine electrophoresis applications as a denaturing agent for proteins.

Report Coverage

The report: “Sodium Lauryl Sulfate Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Lauryl Sulfate Industry.

Key Takeaways

• The detergents and cleaners product dominated the market in 2019 and is expected to grow during the forecast period due to increased knowledge of hygiene in developing countries.
• The growing demand in Asian countries for personal care products is also likely to boost demand in the forecast period for SLS.
• Asia-Pacific led the worldwide market with high consumption from countries like China and India, followed by North America and Europe.

By Product Type - Segment Analysis

Dry SLS includes the highest share in SLS market. Dry SLS is easy to handle, store and transport, making it more popular among producers of detergents. Dry SLS also has a lower active ingredient concentration (about 90%) and is therefore favored in applications where strong cleaning agents are required. Dry SLS is available in forms of dust, needle and granule and will facilitate the development of new drugs. In the rubber sector, dry SLS needles are commonly used as flow agents and inner lubricants. Therefore, in many products, nutraceuticals companies use it as an excipient. It is also used in the manufacture of oral care goods, cream for rashing and other sanitary products. In the manufacture of powdered bubble baths, hand cleaners, detergents and many other items, Powdered SLS is commonly used. The powder category will grow with increasing demand for industrial & household cleaners and personal care products, which in effect will have a significant impact on the market for sodium lauryl sulfate (SLS) by 2025.

By End User - Segment Analysis

In 2019, SLS is a common ingredient in most personal care products. Nonetheless, it was correlated with various health risks such as neurotoxicity, leukemia, organ toxicity, skin irritation, and disturbance of the endocrine. In contrast, the use and processing of cleaning products and detergents leak SLS into soil and water supplies is considered to be harmful to the environment in large quantities. Personal care is a sector that is growing, increasingly regionalized, and slowly multicultural. Personal care products are seeing an increase due to enhanced consumer spending strength in developing economies, along with improved willingness to spend on personal hygiene and toiletries.

Geography - Segment Analysis

In 2019, the Asia-Pacific region led the global market share. China is the world's fastest-growing market for laundry. In India, laundry products based on washing machines have gained prominence due to the changing retail environment with broader brand-wide availability of various products. This rising in detergent demand is projected to improve SLS production. India's beauty and personal care industry has seen steady growth in the recent past due to increased focus on people grooming and expanded shelf space in India's retail stores and boutiques that sell cosmetics globally. It is also anticipated that this increase in demand for personal care products would fuel the rise in SLS production.

Drivers – Sodium Lauryl Sulfate (SLS) Market

·         Increasing Demand for Detergents and Cleaners Likely to Boost the Demand for SLS.

In most personal care products, sodium lauryl sulfate (SLS) is used as an emulsifier. It helps to break the surface tension of liquid and distinguish the different molecules from each other, forming a bubble or a lather on the skin in response. Depending on the supplier and the material, the concentration of SLS in cleaning products can range from 1% to 30%. Increased focus on safe food processing, the need to clean domestic surfaces, and hygienic garbage disposal standards are anticipated in the forecast period to drive demand for SLS. Government programs, such as the Swachh Bharat Mission in India, aimed at increasing people's awareness of hygiene are projected to have a positive impact on the market for detergents and cleaning products, which will in turn improve SLS production. Due to the increasing popularity of e-commerce and the increasing proliferation of washing machines in developing economies, demand for laundry detergents is growing rapidly around the globe.

Challenges – Sodium Lauryl Sulfate (SLS) Market

·         Human and Environmental Toxicity of Sodium Lauryl Sulfate (SLS) is constraining the market growth.

Toxic chemical exposure is a major concern for packaged goods customers. The nature of the chemical nomenclature and the wide availability of scientific research offers detailed information, which causes the lay person to misunderstand. This has contributed to a misconception of the environmental health effects of the compound and claims in the press that are not medically validated for the surfactant sodium lauryl sulfate (SLS). The toxicity of SLS in aquatic life and the ability to bioaccumulate in the bodies of fishes and other organisms are the major concerns which are hindering the market growth.

Market Landscape

Acquisitions and R&D activities are key strategies adopted by players in the Sodium Lauryl Sulfate (SLS) market. In 2019, the market of Sodium Lauryl Sulfate (SLS) has been consolidated by the top five players accounting for xx% of the market share. Sodium Lauryl Sulfate (SLS) Market top 10 companies are Solvay, Huntsman Corp., Clariant Corporation, Croda International, Stepan Co., Galaxy Surfactants, BASF SE, Godrej Industries Ltd., Xiamen Ditai Chemical Company Limited, Kao Corporation, Oxiteno S/A. Indústria E Comércio, and Melan Chemical Co., among others.