SLS and LABSA Market Value to Reach US$ 6.5 Bn by 2031; The Linear Alkyl Benzene Sulfonic Acid (LABSA) Segment Held 85.3% of Market Share

Mar 25, 2023

Widespread utilization of sodium lauryl sulfate (SLS) and linear alkyl benzene sulfonic acid (LABSA) in personal care and home care products is likely to propel market growth

Wilmington, Delaware, United States, March 25, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – Extensive utilization of surfactants in the manufacture of cleaning and personal care products is driving demand for sodium lauryl sulfate (SLS) and linear alkyl benzene sulfonic acid (LABSA). These have become popular synthetic anionic surfactants in household cleaning applications owing to cost-effectiveness and environmental safety. The SLS and LABSA Industry was valued at US$ 4.3 Bn in 2021.

Increase in usage of LABSA as synthetic surfactant in the manufacture of detergent powders & cakes, liquid soaps, and industrial cleaning products has accelerated SLS and LABSA market development. LABSA is extensively utilized in household detergents, as it is biodegradable and environmental-friendly. LABSA finds applications in a range of anionic specialty formulations. As per TMR study, the LABSA segment is projected to account for the leading market share during the forecast period.

Market Snapshot:

Market Revenue

USD 4.3 Bn

Estimated Value

USD 6.5 Bn

Growth Rate - CAGR

4.3%

Forecast Period

2022–2031

No. of Pages

395 Pages

Market Segmentation

By Type, Function, End-use

Regions Covered

North America, Latin America, Europe, Asia Pacific, Middle East & Africa

Format

Electronic (PDF) + Excel

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Key Findings of Study

Rise in Demand for Personal Care and Household Cleaning Products: Rise in global spending on household cleaning and personal care products is expected to drive the usage of SLS and LABSA formulations. SLS has been established by several regulatory agencies as a safe ingredient to be used in cleaning and personal care products. Furthermore, LABSA is low-cost and high-performance synthetic surfactant, which makes it suitable for usage in the detergent industry. Hence, laundry and personal care product manufacturers are tapping into the demand in the industry to increase revenue.

Increase in Usage of SLS and LABSA in Agrochemicals: Wide range of applications in the agrochemical industry has propelled the SLS and LABSA market. Anionic surfactants, including SLS and LABSA, are utilized in spray adjuvants for insecticides in the agrochemical sector. Furthermore, SLS is used as a flea and tick repellent in pesticide products utilized in disinfestation. Manufacturers of surfactants are expanding their product lines in order to increase customer base in the global SLS and LABSA industry

Key Drivers

Growth of the agrochemical sector is driving the SLS and LABSA industry

Strong demand for personal care and household cleaning products, especially in emerging economies, is a key trend driving the global SLS and LABSA market

Adoption of environmental-friendly household cleaning products and agrochemicals is likely to fuel SLS and LABSA market development during the forecast period

Regional Growth Dynamics

Asia Pacific is projected to account for major share of the market from 2022 to 2031. This is ascribed to rise in usage of LABSA and SLS in several end-use industries. SLS and LABSA manufacturers are shifting their production bases to countries in Asia Pacific in order to achieve economies of scale. These are setting up manufacturing plants in Indonesia, China, Vietnam, and India. China is a prominent producer of surfactants and is a leading consumer of anionic surfactants including LABSA.

Europe held significant share of the global market in 2021. Expansion of the home care industry in Germany is expected to propel the market in Europe.

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Competition Landscape

The market landscape is consolidated, with small number of large-scale vendors holding majority stake. Prominent companies in the market are Croda International plc, Fogla Group, Sasol Chemicals, Arabian Sulfonates Company, Cepsa, Galaxy Surfactants, Stepan Company, Kao Corporation, Solvay, and BASF SE

Key Points f r om TOC:

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Key Facts and Figures

1.4. Trends Impacting Market

1.5. TMR's Growth Opportunity Wheel

4. Impact of Current Geopolitical Scenario on the Market

16. Competition Landscape

17. Primary Research: Key Insights

18. Appendix

TOC Continued……

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SLS and LABSA Market Segmentation

Type

Sodium Lauryl Sulfate (SLS)

Linear Alkyl Benzene Sulfonic Acid (LABSA)

Function

Cleansing

Emulsifying

Wetting

Additive

Coupling

Mercerizing

Others

End-use

Personal Care

Home Care

Pharmaceuticals

Textiles

Food & Beverage

Industrial & Institutional Cleaning

Agrochemicals

Others

Regions Covered

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

C ountries Covered

U.S.

Canada

Germany

U.K.

France

Spain

Italy

Russia and CIS

Japan

China

India

ASEAN

Brazil

Mexico

GCC

South Africa

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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