Superior Properties of Sodium Lauryl Sulfate to Accelerate Growth Prospects, Asia Pacific to Hold Significant Market Share of Sodium Lauryl Sulfate Market: TMR

Superior Properties of Sodium Lauryl Sulfate to Accelerate Growth Prospects, Asia Pacific to Hold Significant Market Share of Sodium Lauryl Sulfate Market: TMR

PR Newswire

ALBANY, New York, July 14, 2020

- The global sodium lauryl sulfate market may grow at a CAGR of more than 4 percent between 2019 and 2027

- The role of sodium lauryl sulfate in eliminating stains and dirt make them one of the preferred choices among numerous end-users; In terms of regional dominance, Asia Pacific may display high consumption patterns

ALBANY, New York, July 14, 2020 /PRNewswire/ -- The growing demand for detergents and disinfectants over the years may assure unstinting growth for the sodium lauryl sulfate market. Sodium lauryl sulfate is available in dry and liquid forms with varied concentration forms between 30-90 percent, depending on the intensity of cleaning required for the prospective surfaces.

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The analysts at Transparency Market Research (TMR) envision a CAGR of more than 4 percent across the forecast period of 2019-2027 for the global sodium lauryl sulfate market. The worldwide sodium lauryl sulfate market was valued at around US$ 9.0 bn in 2018 and expects to exceed US$ 11.0 bn valuation by the end of 2027. 

The escalating cases of bacterial and viral infections among the global populace have raised the hygiene and cleanliness concerns of commercial and residential spaces. The growing awareness about personal hygiene to tackle the spread of viral and bacterial infections will assure good growth opportunities for the sodium lauryl sulfate market.

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Sodium Lauryl Sulfate Market: Facts and Figures

Unfold 244 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights on Sodium Lauryl Sulfate Market (Product: SLS Liquid and SLS Dry, Sodium Lauryl Ether Sulfate (SLES) and Linear Alkylbenzene Sulfonate (LAS); Application - Detergents & Cleaners, Personal Care, Textile & Leather, Oilfield Chemicals and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/pressrelease/sodium-lauryl-sulfate-market.htm

Sodium Lauryl Sulfate Market: Key Driving Factors

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COVID 19 Outbreak Impact: Boon or Bane for Sodium Lauryl Sulfate Market?

The COVID-19 outbreak depicts two sides of a coin for the growth of the sodium lauryl sulfate market. The production of various products hit a roadblock due to the shutting down of manufacturing facilities in almost all parts of the world, eventually restraining the growth of the sodium lauryl sulfate market.

Various guidelines regarding the cleaning of commercial and residential spaces for preventing the spread of SARS-CoV-2 recommend the use of products containing antimicrobial properties. A recent research paper confirmed that household detergents containing sodium lauryl ether sulfate is effective in eliminating SARS-CoV-2 on surfaces. Therefore, the inculcation of sodium lauryl ether sulfate in government guidelines may prove as a game-changer for the growth of sodium lauryl sulfate market.

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Global Sodium Lauryl Sulfate Market Segmentation

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Ferrous Sulfate Market - In terms of value, the global ferrous sulfate market is anticipated to expand at a CAGR of 3% from 2019 to 2027 and reach ~US$ 4 Bn by 2027. Asia Pacific dominated the global ferrous sulfate market in terms of volume in 2018. It is estimated to be the leading region of the global ferrous sulfate market during the forecast period. Various companies engaged in wastewater treatment are focusing on expanding their business in Asia Pacific.

Paints & Coatings Fillers Market - The global paints & coatings fillers market was valued at ~US$ 2.8 Bn in 2018 and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. End user industries of paints & coatings fillers, such as construction and automotive, have been expanding since the past few years. The construction industry is a key consumer of paints & coatings fillers.

Magnesium Oxysulfate Market - Based on application, the magnesium oxysulfate market can be segmented into cement, fibers, and others. The resistance of magnesium sulfate cement to abrasion is about 1.5 times that of Portland cement, but only 50% of magnesium oxychloride cement. Its compressive and transverse strengths are superior to Portland cement. Thus, rise in consumption of magnesium oxysulfate in the cement industry is boosting the magnesium oxysulfate market.

Ferric Sulfate Market - Rise in consumer preference for personal hygiene and health drives the global ferric sulfate market. Unwanted chemicals and impurities in drinking water and wastewater need to be clarified in order to make it suitable for consumption. Increasing efforts toward water conservation activities by industries, municipal corporations, and environmental associations are projected to boost the global ferric sulfate market.

Cobalt Sulfate Market - Development of electric and hybrid vehicles is one of the major factors propelling the cobalt sulfate market. Rise in use of Li-ion batteries in vehicles is also augmenting the cobalt sulfate market. On the other hand, rise in pressure of extracting cobalt with limited raw materials is one of the key factors hampering the cobalt sulfate market. Furthermore, surge in pricing owing to democratic imbalance in most of the major economies is acting as a hurdle in the growth of the cobalt sulfate market.

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