Global SLS, SLES, and LAS Market Snapshot
The demand for SLS, SLES, and LAS has been increasing rapidly in the recent past and will continue to do so throughout the forecast period. SLS and SLES are currently required in major amounts by personal care and skin care manufacturers, while LAS is quickly becoming the largest used surfactant in detergents and cleaning agents. All three chemicals show nearly similar market trends: the need for non-toxic cleaning agents, the need for cost reduction in raw materials, and the need for individual chemicals or chemical families for use in a large array of applications.
The global SLS SLES, and LAS market holds a unique advantage of fulfilling all the above requirements, and as a result is expanding at a CAGR of 4.2% from 2015 to 2024. The market is expected to reach a volume of roughly 6,742.5 kilo tons in 2024, after being recorded at 4,656.1 kilo tons in 2015. The market was valued around US$7.2 bn in 2015 and with a CAGR of 5.0% for revenue, will cross US$11 bn by 2024.
Asia Pacific Will Maintain Market Leadership in SLS, SLES, and LAS Market
A high volume based market share of the global SLS, SLES, and LAS market is currently occupied by Asia Pacific. In 2015, the Asia Pacific share in this market was 42.2% and is expected to grow further, owing to factors such as improving disposable income levels and the market penetration of new and diverse cleaning products and personal care products. The second-largest share of the market in 2015 was held by Europe. This share is expected to show a slight reduction over the coming years, owing to a steady growth rate as compared to the faster ones shown by other regions, including North America and Latin America.
Most regions are expected to show a major increase in demand for LAS, owing to its large scope of use in detergents. In North America, personal care will be the fastest growing segment till 2024, owing to a high consumption rate of personal care products and cosmetics in the U.S. and the growing use of SLS and SLES in them. The U.K. shows the higher consumption rate in Europe, boosting this region’s SLS SLES, and LAS market.
LAS Finds Massive Application Scope in Detergents, Expected to Continue Growing
Key categories of segmentation in the global SLS SLES, and LAS market are product and application. From the perspective of products, the three components of the market, i.e. sodium lauryl sulfate, sodium lauryl ether sulfate, and linear alkylbenzene sulfonate, are showing an optimistic growth rate in terms of manufacture and demand. In 2015, 76.5% of the global SLS SLES, and LAS market was occupied by LAS. It is expected to continue maintaining its leading position till 2024 due to its rapidly increasing usage in detergents. LAS provides two major advantages of being usable in acid and basic substrates, and being highly cost-effective. These facts, combined with the positive safety rating, have enabled a large scope of use for LAS. SLS and SLES are primarily used in personal care products. They are classified as safe to use in cosmetics by the cosmetic ingredient review as long as they are used within a permissible limit.
In terms of applications, the major areas that required SLS, SLES, and LAS, are detergents and cleaners, oilfield chemicals, leather and textile, and personal care. 67.9% of the global SLS, SLES, and LAS market was occupied by detergents and cleaners. This high market share is justified through the large product variety in developed economies, and the increasing buying power of consumers in the emerging ones.
This report analyzes and forecasts the market for SLS, SLES, and LAS at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024. The study includes drivers and restraints of the global SLS, SLES, and LAS market. It also covers the impact of these drivers and restraints on demand for SLS, SLES, and LAS during the forecast period. The report also highlights the opportunities in the SLS, SLES, and LAS market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global SLS, SLES, and LAS market. Porter’s Five Forces model for the SLS, SLES, and LAS market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global SLS, SLES, and LAS market by segmenting it in terms of products and applications. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for SLS, SLES, and LAS in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual products and application segments in all the regions.
The study includes profiles of major companies operating in the global SLS, SLES, and LAS market. Key players profiled in the report 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. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of SLS, SLES, and LAS for 2016 and forecast for the next eight years. The global market size of SLS, SLES, and LAS has been provided in terms of volume as well as revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key product and application segments of SLS, SLES, and LAS. Market size and forecast for each major product and application have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, American Oil Chemists' Society (AOCS), Surfactants Formulation Group (SFG), internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, and Factiva, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.
The report segments the global SLS, SLES, and LAS market as follows:
SLS, SLES, and LAS Market - Product Segment Analysis
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)
SLS, SLE, and LAS Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- Rest of MEA