New York, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The global sodium lauryl sulfate market size is predicted to expand at 8% CAGR between 2024-2036. The market is projected to garner a revenue of USD 20 billion by the end of 2036, up from a revenue of USD 10 billion in the year 2023. The demand for sodium lauryl sulfate is expected to continue to grow, especially in emerging markets where personal care and cleaning product consumption is on the rise. However, the industry is also experiencing increased scrutiny and competition from alternative surfactants, which may influence the market's future direction.
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Sodium lauryl sulfate is an anionic surfactant commonly used in various consumer products, such as shampoos, body washes, toothpaste, detergents, and industrial cleaning agents. Manufacturers are focusing on creating customized SLS formulations to meet specific requirements of their customers. Customized formulations of sodium lauryl sulfate (SLS) are gaining popularity, with a survey of personal care product manufacturers indicating that over 70% of them are now offering customized SLS formulations to meet specific product requirements and consumer preferences. It is known for its foaming and emulsifying properties, which make it a popular ingredient in these products. SLS is used in a wide range of personal care and cosmetic products due to its ability to create a foamy lather, which is associated with cleanliness. It is used in shampoos, soaps, shower gels, toothpaste, and more. SLS is an effective cleaning agent and is used in various household cleaning products, including dishwashing liquids, laundry detergents, and multi-purpose cleaners.
Sodium Lauryl Sulfate Market: Key Takeaways
- Market in Asia Pacific to propel highest growth
- The liquid segment to garner the highest growth
- Market in North America to grow at a highest rate
Increasing Demand in Personal Care Products across the Globe to Accelerate Market Growth
SLS is a crucial ingredient in personal care items such as shampoos, soaps, and toothpaste due to its foaming and cleansing properties. The growing global population, coupled with increased consumer emphasis on personal grooming and hygiene, has driven the demand for SLS in this sector. The global personal care and cosmetics sales were valued at USD 458.7 billion in 2020. The COVID-19 pandemic has heightened global awareness of personal hygiene and cleanliness. As a result, there has been a surge in demand for hygiene-related products, including SLS-based soaps and sanitizers. In response to environmental concerns, the industry is exploring sustainable alternatives to SLS. Innovations in green chemistry and the development of eco-friendly surfactants have gained traction, aligning with evolving consumer preferences. The pharmaceutical industry's need for high-quality excipients and oral care products has created opportunities for SLS manufacturers. The industrial and commercial cleaning sector also contributes to the demand for SLS in cleaning products.
Sodium Lauryl Sulfate Market: Regional Overview
The global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.
Booming Personal Care and Cosmetics Industry to Drive the Market Growth in Asia Pacific Region
The sodium lauryl sulfate market in Asia Pacific region is estimated to garner the largest revenue by the end of 2036. The Asia Pacific region is home to a burgeoning personal care and cosmetics industry, driven by the rising middle-class population and increased spending on beauty and grooming products. SLS, with its foaming and emulsifying properties, has become a cornerstone ingredient in various personal care products. In fact, the sales for personal care products in the Asia Pacific is expected to reach a value of approximately USD 200 billion by 2025, according to a report. This robust growth in the beauty and personal care sector is a primary driver for SLS in the region. SLS finds application in the pharmaceutical industry, particularly in oral care products and as an excipient in tablet and capsule manufacturing. The Asia Pacific pharmaceutical market is expanding rapidly, primarily due to an aging population and increased healthcare spending. The cleaning product industry in Asia Pacific is experiencing significant growth, driven by increased urbanization, hygiene awareness, and the need for effective cleaning solutions. SLS is a key ingredient in household cleaning products, such as dishwashing liquids and laundry detergents.
Growing Demand in Cleaning Products Industry to Propel the Growth in the North America Region
The North America sodium lauryl sulfate market is estimated to garner the highest CAGR by the end of 2036. North America hosts a thriving personal care and cosmetics industry, driven by consumer demand for high-quality beauty and grooming products. SLS, renowned for its foaming and emulsifying properties, plays a pivotal role in an array of personal care items, including shampoos, body washes, and toothpaste. According to a report, the personal care industry in North America was valued at approximately USD 89 billion in the year 2020, showcasing a steady upward trajectory. This demand for personal care products significantly fuels the growth of the SLS market in the region. The SLS market in North America also benefits from the growth of the cleaning product sector. SLS is a key component in household cleaning products like detergents and dishwashing liquids due to its effective cleaning properties. SLS is widely employed in oral care products for its ability to create a foamy lather and its role as a surfactant. The North American population's growing awareness of oral hygiene has led to a surge in demand for these products.
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Sodium Lauryl Sulfate Market-Segmentation by Type
- Powder
- Liquid
Amongst these segments, the liquid segment is anticipated to hold the largest share over the forecast period. Liquid SLS offers manufacturers several advantages in terms of formulation and ease of use. It dissolves readily in water, making it convenient for product manufacturers to incorporate into various formulations. This ease of formulation is a significant driver for the growth of the liquid SLS segment, as it simplifies the production process and enhances product consistency. The liquid SLS segment also benefits from the growth of liquid detergents. Liquid detergents have become increasingly popular in households due to their ease of use and effectiveness. SLS is a crucial component in these products, helping to remove dirt and stains. According to a report, the global liquid detergent sales are expected to reach USD 34 billion by 2028, with North America and Europe being significant contributors. This growth augments the demand for liquid SLS as a key ingredient in detergent formulations. Consumers are increasingly seeking out liquid alternatives in various personal care and household products due to their perceived convenience and effectiveness. Liquid SLS aligns well with this consumer preference.
Sodium Lauryl Sulfate, Segmentation by End User
- Personal Care
- Pharmaceuticals
- Food & Beverage
Amongst these segments, the pharmaceuticals segment is anticipated to hold a significant share over the forecast period. The pharmaceutical industry places a premium on product quality and regulatory compliance. SLS meets stringent quality standards, making it a preferred choice for pharmaceutical manufacturers. The emphasis on quality is evident in the growing adoption of good manufacturing practices (GMP) and quality assurance measures within the industry, ensuring that SLS maintains a significant presence in pharmaceutical applications. Over-the-counter medications, which include products like pain relievers, cold remedies, and antacids, are witnessing sustained growth. These products often contain SLS as an active ingredient or excipient. The OTC pharmaceutical market is projected to grow, fueled by the need for self-care and the convenience of obtaining non-prescription medications. According to a report, the global OTC pharmaceutical sales are expected to reach USD 260 billion by 2028. This growth drives the demand for SLS within this pharmaceutical segment. The pharmaceutical sector is characterized by continuous research and development (R&D) activities, leading to the introduction of new drugs, formulations, and treatment options. SLS is utilized in various R&D processes, including preclinical and clinical trials. The increasing investment in pharmaceutical R&D is reflected in the market's growth.
Few of the well-known market leaders in the global sodium lauryl sulfate market that are profiled by Research Nester are BASF SE, Stepan Company, Croda International Plc, Solvay S.A., Sasol Limited, and KLK OLEO, and other key market players.
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Recent Development in Sodium Lauryl Sulfate Market
- Stepan Company announced today the completion of its acquisition of the surfactant business and associated assets of PerformanX Specialty Chemicals, LLC. The acquisition includes intellectual property, commercial relationships, and inventory. Financial terms of the transaction were not disclosed.
- Stepan Company Featured in Singapore Chemicals, Ingredients and Materials 2022 Report. The company is included in the 2022 edition of the Singapore Chemicals, Ingredients and Materials Reports series. Stepan is recognized for its commitment to delivering innovative products from responsibly sourced materials that promote energy efficiency, improved health and wellness, and reduced environmental impact.
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