The global SLS, SLES, and LAS Market is expected to be worth US$11.61 bn by the end of 2025 from US$8.23 bn in 2016. During the forecast years of 2017 and 2025.
Albany, NY -- (SBWIRE) -- 02/01/2018 -- This research report offers a comprehensive analysis of the "SLS (SLS Dry and SLS Liquid), SLES, and LAS Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Global SLS, SLES, and LAS Market: Overview
Rising demand for consumers, currently, prefer to read and research about the products being used, which makes them well-aware of the harmful chemicals utilized in the personal care and household products. Therefore, rising consumer awareness regarding the harmful effects of SLS, SLES, and LAS is anticipated to restrain the market in the near future. According to Transparency Market Research, the global SLS, SLES, and LAS Market is expected to be worth US$11.61 bn by the end of 2025 from US$8.23 bn in 2016. During the forecast years of 2017 and 2025, the global market is estimated to surge at a steady CAGR of 4.0%.
LAS to be in High Demand due to its Excellent Emulsifying Properties
Sodium lauryl sulfate (SLS) is also known as sodium laurilsulfate or sodium dodecyl sulfate. SLS is a highly effective surfactant and is employed in applications demanding elimination of oily stains and residues. Sodium lauryl ether sulfate (SLES), also known as sodium laureth sulfate, is a high foaming, anionic surfactant, which exerts emulsifying action, thus removing oil and soil from the hair and skin. Linear alkylbenzene sulfonate (LAS) is an anionic surfactant with molecules categorized as a hydrophilic and a hydrophobic group. The major raw material for producing LAS is LAB, manufactured by the alkylation of benzene with n-paraffins in the presence of hydrogen fluoride or aluminum chloride as catalyst. The report states that the demand for LAS is likely to be high in the coming years as it is an affordable material. LAS is also known to have excellent emulsifying, cleansing, and foaming properties, which is primarily the reason why it is used for making industrial and household detergents.
Trend towards using mild and bio-based surfactants is gaining attraction in the market. This switch in the consumption trend is highly visible in developed economies vis-à-vis developing economies. It can be ascribed to buyers' preference of using low-priced products. Thus, the prospect of internal substitution is high, while the threat of substitution is however moderate in the market in Asia Pacific. Key manufacturers such as Huntsman Corporation and Sasol held significant shares in North America while Stepan held a competitive place in the Latin America SLS, SLES and LAS market.
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Rising Disposable Income in Asia Pacific puts Region in the Forefront
Asia Pacific and North America dominate the global SLS, SLES and LAS in terms of volume as well as revenue. Growing disposable income coupled with the increasing middle class population in regions such as Asia Pacific is estimated to propel the demand for consumer products such as household detergents and personal care in the next few years. Growth of the personal care industry in Asia Pacific is expected to boost the SLS, SLES and LAS market during the forecast period. Additionally, the demand for liquid detergents is rising in the developed as well as developing regions on account of its relatively mild nature compared to the bar soaps and powdered detergents. In China and developing nations in Southeast Asia, demand for emulsion polymers is estimated to be driven by strong economic growth and enhanced usage of the waterborne coatings technology in water-based paints, coatings, and adhesives industries. Waterborne coatings are projected to replace the solvent-borne formulations in the next few years.
Some of the key players in the SLS, SLES and LAS market include Croda International Plc., Lion, TAYCA Corporation, Clariant, Solvay, Huntsman International LLC, Stepan Company, Henkel AG & Co. KGaA, Galaxy Surfactants, BASF (Thailand), The Dow Chemical Company, Kao Corporation, Oxiteno, Godrej Industries Limited, Taiwan NJC Corporation, Ltd., Evonik Industries AG, Akzo Noble N.V.
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