Sodium Lauryl Sulfate (SLS), SLES, and LAS Market Projected to Reach US$11.27 Bn by 2024, Bolstered
Sodium Lauryl Sulfate (SLS), SLES, and LAS Market Projected to Reach US$11.27 Bn by 2024, Bolstered by Extensive Use in Detergents and Cleaners; Global Industry Analysis, Growth, Trends, and Forecast 2016 - 2024
Linear Alkylbenzene Sulfonate (LAS) was the largest product segment of the SLS, SLES, and LAS market, accounting for more than 75% volume share in 2015. LAS is manufactured by sulfonating Linear Alkylbenzene (LAB). Currently, LAS is the primary surfactant used in many detergents and personal care products. When compared with SLS and SLES, LAS is economical and better performer in both its forms: liquid and powder. This makes it the most preferred anionic surfactant vis-à-vis SLS and SLES. LAS is also projected to be the fastest growing product segment of the SLS, SLES, and LAS market during the forecast period.
Detergents & cleaners was the largest application segment of the global SLS, SLES, and LAS market, constituting more than 65% volume share in 2015. In terms of revenue, personal care is expected to be the fastest growing application segment, expanding at a CAGR of 5.3% from 2016 to 2024. Increasing demand for household detergents and personal care products is anticipated to drive the demand for SLS, SLES, and LAS in the near future. Key players operating in the SLS, SLES, and LAS market include Croda International Plc., Clariant, Solvay, Huntsman International LLC, Stepan Company, Henkel AG & Co. KGaA, Galaxy Surfactants, BASF SE, The Chemours Company, The Dow Chemical Company, Kao Corporation, Oxiteno, Godrej Industries Limited, Taiwan NJC Corporation, Ltd., Evonik Industries AG, and Akzo Noble N.V.
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