SLS and LABSA Global Market Report 2024

The sls and labsa market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth observed during the historical period can be attributed to the boom in consumer goods, industrial cleaning applications, the textile industry, pharmaceuticals, and a shift towards bio-based surfactants.

The sls and labsa market size is expected to see strong growth in the next few years. It will grow to $5.8 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The expansion anticipated in the forecast period can be attributed to detergent manufacturing, the textile and leather industries, emulsifying agents, syndet bars, and personal care products, as well as automotive and metal cleaning, along with dynamics in the petrochemical industry. Major trends expected in the forecast period include a growing demand for personal care products, a shift towards bio-based surfactants, an increasing focus on green chemistry, technological innovations in production processes, and fluctuations in raw material prices.

The growth of the SLS and LABSA market is expected to be fueled by the increasing utilization of personal care products. Personal care encompasses consumer products used for personal hygiene, grooming, and beautification, including cosmetics, shampoos, toothpaste, and body washes. SLS and LABSA are key components in the production of these personal care items. With the beauty and personal care market in the United States reaching approximately $84 billion in August 2022, and the cosmetic industry projected to reach around $463.5 billion by 2027, the rising usage of personal care products is a driving force behind the growth of the SLS and LABSA market.

The growing demand for liquid detergents is poised to contribute to the expansion of the SLS and LABSA market. Liquid detergents, versatile cleaning agents soluble in liquid form, are widely used in both residential and commercial settings for various cleaning purposes. Sodium lauryl ether sulfate (SLES), a vital surfactant, is employed in the manufacturing of liquid detergents. The increasing consumer preference for liquid cleaning products is reflected in rising sales, such as the increase in sales of top liquid laundry detergent brands from 3267.92 million in 2021 to 3433.86 million in 2022. Similarly, Tide detergent sales rose from 1257.75 million in 2021 to 1382.72 million in 2022, highlighting the growing demand for liquid detergents and driving the SLS and LABSA market.

The rising demand for SLS and LABSA from end-users, particularly in the pharmaceutical sector, is expected to fuel the growth of the SLS and LABSA markets. SLS, with its versatile applications as an emulsifying agent, penetration enhancer, tablet lubricant, and more, finds utility in pharmaceutical preparations. The US pharmaceutical industry generated $550 billion in revenue in 2021, and the global pharmaceutical industry is projected to grow at a compound annual growth rate of 7.41% between 2021 and 2026. The increasing demand from end-users, particularly in the pharmaceutical sector, is a key driver for the growth of the SLS and LABSA market.

Major companies in the sodium lauryl sulfate (SLS) and linear alkyl benzene sulfonic acid (LABSA) markets are actively pursuing natural solutions to enhance their market positions. Natural cosmetics, made from natural raw materials such as minerals and plants, are gaining popularity. For instance, Galaxy Surfactants Ltd., an India-based chemical company, introduced Galsoft SLL in June 2021 - a completely natural product for the personal care market. The mild and multipurpose molecule offers superior foam profile, enhanced emollience, moisturization, and sensorial qualities while being easily biodegradable.

In January 2021, Huntsman Corporation, a US-based chemical product manufacturer, acquired Gabriel Performance Products for $250 million. This strategic acquisition aims to expand Huntsman's differentiated and specialty chemicals products and strengthen its portfolio. Gabriel Performance Products, LLC, a chemical corporation providing specialty additives and epoxy curing agents, including SLS and LABSA, contributes to Huntsman's position in the specialty chemicals market.

Major companies operating in the sls and labsa market report are BASF SE, Solvay Vishnu Barium Pvt Ltd., Kao Corporation, Stepan Company, Sinopec Jinling Petrochemical Co.Ltd., Galaxy Surfactants Ltd., Cepsa, Arabian Sulfonates Company, Sasol Chemicals LLC., Fogla Group, Croda International Plc, Clariant AG, Shenzhen EbyTon Technology Co. Ltd., Tanzeal Enterprise, Tianjin Glorious Imp. & Exp. Co. Ltd., Meiyin development Ltd. Co., Hunan Resun Auway Industrial Co.Ltd., Pilot Chemical Corp., Huntsman Corporation, Lubrizol Corporation, Evonik Industries AG, Dow Chemical Company, Akzo Nobel N.V., Rhodia SA, Rizhao Changsheng Daily Chemicals Co. Ltd., Zibo Haixing Fine Chemicals Co. Ltd., Hengli Jinbang Fine Chemical Co. Ltd., Sino Lion Surfactants (Suzhou) Co. Ltd., Hunan Jinlong Surfactants Co. Ltd., Foshan City Dongbang Chemical Co. Ltd.

Asia-Pacific was the largest region in the SLS and LABSA market in 2023. The regions covered in the sls and labsa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sls and labsa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of SLS and LABSA include sodium lauryl sulfate (SLS) and linear alkyl benzene sulfonic acid (LABSA). Linear alkyl benzene sulfonic acid (LABSA) is a synthetic chemical surfactant commonly employed as an industrial detergent. Its diverse functions encompass cleansing, emulsifying, wetting, acting as an additive, coupling, mercerizing, and others. These surfactants find applications in various industries such as personal care, home care, pharmaceuticals, textiles, food and beverages, and other related areas.

The SLS and LABSA market research report is one of a series of new reports that provides SLS and LABSA market statistics, including SLS and LABSA industry global market size, regional shares, competitors with an SLS and LABSA market share, detailed SLS and LABSA market segments, market trends and opportunities, and any further data you may need to thrive in the SLS and LABSA industry. This SLS and LABSA 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 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.


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