Market Size of Sodium Lauryl Sulfate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sodium Lauryl Sulfate Market Analysis
The Sodium Lauryl Sulfate (SLS) market is expected to register at a CAGR of around 4% during the forecast period.
In 2020, COVID-19 impacted the global sodium lauryl sulfate market due to the raw material shortage. However, the surging demand for personal care products propelled sodium lauryl sulfate consumption.
- One of the major factors driving the market studied is the growing demand for detergents and cleaning products and the rapidly growing personal care industry in Asia-Pacific.
- However, the bio-based alternatives and rising concern regarding the toxicity of sodium lauryl sulfate on both human health and the environment are expected to restrain the market growth.
- The growing application footprint across various industries will likely offer new growth opportunities to the market.
- Asia-Pacific dominated the global market with large consumption from countries such as China and India, followed by North America and Europe.
