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Transparency Market Research, New York: The properties of sodium lauryl sulfate make it an important component in the production of detergents, toothpaste, shampoos, and soaps. This factor may prove to be a great growth opportunity for the sodium lauryl sulfate market through the forecast period of 2019-2027.
The global sodium lauryl sulfate market is extrapolated to expand at a CAGR of more than 4 percent across the assessment period of 2019-2027. Sodium lauryl sulfate market was valued at around 9.0 bn in 2018 and expects to surpass11.0 bn valuation by the end of 2027.
The heightening cases of viral infections across considerable populace have raised hygiene concerns. The escalating awareness about hygiene to overcome the problem of the spread of viral and bacterial infections will invite expansive growth opportunities for the sodium lauryl sulfate market.
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Sodium Lauryl Sulfate Market: Facts and Figures
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Sodium Lauryl Sulfate Market: Key Driving Factors
Regulatory bodies and various organizations related to cleanliness and hygiene are creating awareness among the global populace to inculcate hygiene in their day-to-day life. This aspect may eventually bring expansive growth prospects for the sodium lauryl sulfate market.
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Sodium Lauryl Sulfate Market: Geographical Dimensions
The global sodium lauryl sulfate market is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific may gain substantial growth for the sodium lauryl sulfate market. Asia Pacific held a substantial share of more than 35 percent in 2018 and is likely to display expansive growth across the forecast period of 2019-2027. The escalating popularity of personal care products among a large populace may prove to be a prominent factor of growth.
North America and Europe may also add extra stars of growth to the sodium lauryl sulfate market due to the large presence of detergent and personal care industries in the region. The increasing popularity of sulfate-free products across various countries in North America and Europe may serve as a growth dampener.
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Sodium Lauryl Sulfate Market: Key Players
Some well-established players in the sodium lauryl sulfate market are Evonik Industries AG, Kao Corporation, Clariant AG, Huntsman International LLC, Nouryon, Croda International Plc., and Galaxy Surfactants Ltd.
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Global Sodium Lauryl Sulfate Market: Segmentation
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