PUBLISHER: The Business Research Company | PRODUCT CODE: 1409799
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409799
“SLS, SLES, And LAS Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sls, sles, and las market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sls, sles, and las? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The sls, sles, and las market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Sodium lauryl sulfate (SLS), sodium lauryl ether sulfate, and linear alkyl benzene sulfonate (LAS) are surfactants that reduce water surface tension, facilitating the cleansing and lathering of items. They play a key role in emulsifying cleaning agents found in household cleaning products, including laundry detergents, spray cleaners, and dishwasher detergents.
The primary product types of SLS, SLES, and LAS include sodium lauryl sulfate (SLS), sodium lauryl ether sulfate (SLES), and linear alkyl benzene sulfonate (LAS). SLS, as an anionic surfactant, is commonly utilized as an emulsifying cleaning agent in household cleaning products such as laundry detergents, spray cleaners, and dishwasher detergents. These surfactants are manufactured through coco-based and inorganic-based processes and find applications in various industries, including detergents and cleaners, personal care, oilfield chemicals, textile and leather, paints and coatings, and others.
The SLS, SLES, and LAS market research report are one of a series of new reports from The Business Research Company that provides SLS, SLES, and LAS optical components market statistics, including SLS, SLES, and LAS optical components industry global market size, regional shares, competitors with an SLS, SLES, and LAS optical components market share, detailed SLS, SLES, and LAS optical components market segments, market trends and opportunities, and any further data you may need to thrive in the SLS, SLES, and LAS optical components industry. This SLS, SLES, and LAS optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The sls, sles, and las market size has grown strongly in recent years. It will grow from $10.6 billion in 2023 to $11.24 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed during the historical period can be attributed to industrial applications, population growth, urbanization, adherence to regulatory standards, cost-effectiveness, and increased awareness of hygiene.
The sls, sles, and las market size is expected to see strong growth in the next few years. It will grow to $14.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The expansion anticipated in the forecast period can be attributed to the adoption of sustainable practices, the growth of e-commerce, innovations in green chemistry, emerging markets, a focus on customization and specialty products, and adherence to stringent regulations. Major trends expected in the forecast period encompass increased investments in research and development, innovations in formulations, technological advancements in production processes, initiatives for sustainable packaging, and collaborations and partnerships within the industry.
The anticipated rise in the demand for sanitation and hygiene in the SLS, SLES, and LAS industries is expected to drive the growth of the SLS, SLES, and LAS markets. Personal hygiene, which involves maintaining cleanliness for overall health and well-being, has fueled the demand for anionic surfactants such as SLS, SLES, and LAS. These surfactants serve as emulsifying cleaning agents in various household cleaning products, including laundry detergents, spray cleaners, and dishwasher detergents. The surge in demand for sanitation and hygiene is exemplified by the alarming statistics from UNICEF, revealing that preventable diseases due to inadequate water, sanitation, and hygiene (WASH) cause approximately 1.4 million deaths annually. With 3.5 billion people lacking safely managed services in 2022, the call for sanitation and hygiene in the manufacturing industry is a significant driver for the growth of the SLS, SLES, and LAS markets.
The growth of the e-commerce industry is expected to be a driving force for the SLS, SLES, and LAS markets. E-commerce, the electronic buying and selling of goods and services over the internet, has become a pivotal platform for consumers to access personal care and cleaning products containing SLS, SLES, and LAS. This shift toward e-commerce has not only provided consumers with a convenient way to purchase such products but has also enabled manufacturers to broaden their reach and enhance market presence. The International Trade Administration reports that in September 2022, consumer eCommerce constituted 30% of the UK's overall retail sector, with an annual revenue exceeding $120 billion. With 82% of people in the UK making at least one online purchase in 2021, the growth of the e-commerce industry is a catalyst for the expansion of the SLS, SLES, and LAS markets.
Major companies operating in the SLS, SLES, and LAS markets are strategically investing in eco-friendly surfactants to boost production and enhance sustainability. These investments aim to optimize resource efficiency and establish a waste-free chemical industry that aligns with environmental sustainability. Unilever PLC, a UK-based consumer packaged goods company, exemplifies this strategy by acquiring NextLab linear alkylbenzene (LAB), a renewable and biodegradable surfactant used in LAS production. NextLab LAB, the world's first surfactant made from renewable carbon, represents a more environmentally friendly approach to manufacturing a vital raw ingredient for surfactants.
Major companies in the SLS, SLES, and LAS market are focusing on introducing advanced products such as LAS raw materials to gain a competitive advantage. LAS is industrially prepared through the sulfonation of linear alkylbenzenes (LABs), derived from the alkylation of benzene with long-chain monoalkenes. Cepsa Quimica, a Spain-based chemicals company, introduced NextLab, the world's first LAB, in January 2023. LAB is used in the production of LAS, the largest primary surfactant in homecare industry detergents. This innovative product demonstrates the commitment to introducing advanced solutions to maintain a competitive edge in the market.
In April 2022, Indorama Ventures Public Company Limited (IVL), a Thailand-based sustainable chemical company, acquired Oxiteno, a Brazil-based manufacturer of chemicals and surfactants. This acquisition enabled IVL to expand its growth profile into Latin America and the United States, positioning itself as the surfactant producer for the Americas and gaining potential for further expansion in Europe and Asia. Oxiteno's expertise in chemicals and surfactants, including sulfates such as sodium lauryl sulfate, complemented IVL's strategic growth plans.
Major companies operating in the sls, sles, and las market report are Galaxy Surfactants Ltd., Croda International Plc, Clariant AG, Taiwan NJC Corporation, Solvay, Stepan Company, Dow Inc., Huntsman International LLC, Henkel AG & co. KGaA, Godrej Industries Limited, Kao Corporation, Badische Anilin und Soda Fabrik Societas Europaea, Merck KGaA, Alpha Chemicals Private Limited, Akshar Chemical India Private Limited, Shell Chemicals, Procter & Gamble, AkzoNobel, Unilever, Sasol, Oxiteno, Lion Corporation, Evonik Industries, JXTG Nippon Oil & Energy, Enaspol, Guangzhou Litze Chemical, Xinyi Group, Lianlian Chemical, Nease Co., TAYCA Corporation .
Asia-Pacific was the largest region in the SLS, SLES, and LAS market in 2023. Latin America is expected to be the fastest-growing region in the SLS, SLES, and LAS market during the forecast period. The regions covered in the sls, sles, and las market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the sls, sles, and las market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The SLS, SLES, and LAS market consists of sales of dry and liquid forms of sodium lauryl sulfate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.