Albany, NY -- (SBWIRE) -- 10/27/2016 -- The global sodium lauryl sulfate market (SLS Liquid and SLS Dry), sodium lauryl ether sulfate industry (SLES), and linear alkylbenzene sulfonate (LAS) market is fragmented owing to low initial investments required and easy availability of raw materials. The top six companies – BASF SE, Stepan Company, Akzo Nobel N.V., Solvay, Kao Corporation, and The Dow Chemical Company accounted for 41.8% of the market in 2015. Key players are maintaining their shares in the market by investing in research and development activities and expanding their portfolio, states Transparency Market Research in its new study. Companies such as Taiwan NJC Corporation, Ltd, Godrej Industries Limited, and Evonik Industries AG are directing their efforts at increasing their market share by operating across the value chain.

According to the report, the global SLS, SLES, and LAS market is expected to rise from US$7.26 bn in 2015 to US$11.26 bn by 2024. On the basis of application, the detergents and cleaners segment is expected to lead and account for 70.1% of the market by 2024. On the basis of geography, Asia Pacific not only led in 2015 but is expected to do so through 2024, accounting for 43.3% of the market. On the basis of product, LAS will remain the dominant segment through 2024.

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High Demand from Personal Care Sector to Drive Market

The global consumption of household detergents is increasing and this trend is expected to drive the demand for SLS, SLES, and LAS surfactants. SLES and SLS are active ingredients in cosmetics such as lotions, cleansing products, and creams. These ingredients provide lathering and foaming properties to bubble baths and cleansing products, thus driving their demand. Changing trends in the lifestyle of consumers in emerging economies such as China and India coupled with the high spending capacity are expected to drive the global SLS, SLES, and LAS market. "A rise in the demand for personal care products owing to the increasing middle class population in key economies will help the market to grow significantly," states a TMR analyst.

Availability of Bio-based Alternatives to Act as Restraint

The products used in the manufacture of SLS and SLES are non-renewable. For instance, ethylene oxide is distilled from crude oil, which is a non-renewable resource. Handmade soaps and other cosmetics which are SLS-free, are rapidly penetrating the market, as these are comparatively less expensive and safe. Thus, they are employed in the manufacturing of children care and cosmetics, posing a threat to the global SLS, SLES, and LAS market.

SLS and SLES are used in a large number of products such as bubble soaps, toothpastes, detergents, cleaners, shampoos, and shower gels. However, these products can cause many side effects. SLS causes neurotoxicity, skin and eye irritation, mutations, and other health problems. Thus, the hazardous effects of SLS and SLES are hampering the growth of the market.

Focus on Finding New Applications to Create Heightened Demand for SLS, SLES, and LAS

Players in the global sodium lauryl sulfate, sodium lauryl ether sulfate industry, and linear alkylbenzene sulfonate market are shifting their focus on discovering new and innovative applications of SLS, SLES, and LAS products. SLS emulsions are now being used for the synthesis of nanoparticles of metals such as zinc oxide and gold. SLS is used in in-vitro drug delivery on pilot scale due to its high skin penetration properties. In addition to this, manufacturers are investing in new production methods that can help lower the toxicity of these products. This will help the market to grow in the coming years.

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This information is based on the findings of a report published by Transparency Market Research, titled "Sodium Lauryl Sulfate, Sodium Lauryl Ether Sulfate Industry and Linear Alkylbenzene Sulfonate (LAS) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."

The global SLS, SLES, and LAS market is segmented as follows:

SLS, SLES, and LAS Market - Product Segment Analysis
-SLS
-SLES
-LAS

SLS, SLES, and LAS Market - Application Segment Analysis
-Detergents & cleaners
-Personal care
-Textile & leather
-Oilfield chemicals
-Others (including paints & coatings, polymer additives, and agricultural chemicals)

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