Sodium Lauryl Ether Sulfate (SLES) Market Worth $1.5bn by 2024

Global Market Insights, Inc.

OCEAN VIEW, Delaware, April 25, 2017 /PRNewswire/ --

The research report "Sodium Lauryl Ether Sulfate (SLES) Market Size By Application (Detergents & Cleaners, Personal Care Products), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024" by Global Market Insights, Inc. says Sodium Lauryl Ether Sulfate (SLES) Market size will exceed USD 1.5 billion by 2024.

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Growing awareness about personal hygiene along with huge investments in the commercial activities of personal care products will have a significant impact on global sodium lauryl ether sulfate or sodium laureth sulfate (SLES) market in the coming years. SLES is a cost-efficient anionic surfactant and foaming agent commonly used in shampoos, soaps, body washes, toothpastes, and several other daily use personal care products. Increasing pollution and concerns about personal grooming, appearance, and health will positively influence the global personal care products market, which generated more than USD 500 billion in 2015 and will have a decent growth rate in the coming years. Moreover, regular development and commercialization of new personal care products to meet specific customer demands will also bolster the global SLES market in the forecast spell. 

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Harmful side effects and increasing substitution of the product with organic and bio-based chemicals may restrain the global SLES market growth in upcoming years. Rising health concerns pertaining to SLES based personal care products due to traces of a carcinogenic chemical, 1,4-dioxane, in the by-products during the product synthesis have encouraged the manufacturers to find safer organic substitutes derived from natural sources such as palm oils, coconut, argan oil, etc. Inclination towards the usage of these products, especially in the developed countries, may have negative effects on the SLES market in the forecast timespan.