Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

COVID-19 pandemic – Boon or a Curse to the industry?

The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.

Key insights on Sodium Lauryl Sulfate Market

Sodium Lauryl Sulfate Market is likely to witness a CAGR of 5.3% during the forecast period. The prime factor driving the sodium lauryl sulfate market is the growing demand from household detergents and cleaners, owing to its outstanding properties i.e. capability to remove oil stains and residues from different types of surfaces.

Regional Insights

Asia-Pacific is estimated to be the largest market for sodium lauryl sulfate during the forecast period. China, Japan, Taiwan, South Korea and India are the major economies contributing towards the growth and high demand for sodium lauryl sulfate in the region. Huge consumer base, growing disposable income of consumers, increasing popularity of takeaway foods, and growing awareness towards personal and community hygiene are the major factors driving the growth of the Asia-Pacific sodium lauryl sulfate market. North America and Europe are also expected to witness a healthy demand for sodium lauryl sulfate during the forecast period.

Market Scope & Market Segmentation

Sodium Lauryl Sulfate Market Share: By Product Type

Based on the product type, the market is segmented as liquid and dry. The dry segment is further bifurcated into powder, needles, and granules. The liquid segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Liquid sodium lauryl sulfate is majorly used for day-to-day applications, whereas dry sodium lauryl sulfate is majorly preferred for applications, where strong cleansing is required.

Sodium Lauryl Sulfate Market Share: By Application Type

Based on the application type, the sodium lauryl sulfate market is segmented as dish washing liquids, household detergents & cleaners, industrial cleaners, and personal care products. The household detergents & cleaners segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Household detergents & cleaners majorly include liquid & powder laundry detergents, all-purpose cleaners, floor cleaners, toilet cleaners, kitchen cleaners, glass cleaners, carpet cleaners, upholstery cleaners, stain removers, and hard surface cleaners.

Which key questions will this report answer?

This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.

Some of the key questions answered by the report are:

• What is the impact of COVID-19 on the market forecast?
• What are the trends, drivers, and challenges?
• How competitive is the market? Who are the market leaders?
• What are the key strategies adopted by the market players?
• Which segments offer the greatest opportunities?
• Which are the most attractive regions?
• What are the key success factors for the market players?
• How does the business environment impact the market?
• Which strategic alliances have taken place recently and their significance?

Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.

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The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Sodium Lauryl Sulfate Market.

It was estimated prior to this unanticipated outbreak that the Sodium Lauryl Sulfate Market was expected to grow at a CAGR of 5.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Sodium lauryl sulfate is an anionic detergent and surfactant found in many household and industrial cleaning products. Based on product type, Sodium lauryl sulfate can be categorized into liquid sodium lauryl sulfate and dry sodium lauryl sulfate. On the basis of application served, it can be categorized into dish washing liquids, household detergents & cleaners, industrial cleaners, and personal care products.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the product type, the market is segmented as liquid and dry. The dry segment is further bifurcated into powder, needles, and granules. The liquid segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Liquid sodium lauryl sulfate is majorly used for day-to-day applications, whereas dry sodium lauryl sulfate is majorly preferred for applications, where strong cleansing is required.

Based on the application type, the sodium lauryl sulfate market is segmented as dish washing liquids, household detergents & cleaners, industrial cleaners, and personal care products. The household detergents & cleaners segment held the largest share of the market in 2019, and is also expected to witness a healthy growth during the forecast period. Household detergents & cleaners majorly include liquid & powder laundry detergents, all-purpose cleaners, floor cleaners, toilet cleaners, kitchen cleaners, glass cleaners, carpet cleaners, upholstery cleaners, stain removers, and hard surface cleaners.

In terms of regions, Asia-Pacific is estimated to be the largest market for sodium lauryl sulfate during the forecast period. China, Japan, Taiwan, South Korea and India are the major economies contributing towards the growth and high demand for sodium lauryl sulfate in the region. Huge consumer base, growing disposable income of consumers, increasing popularity of takeaway foods, and growing awareness towards personal and community hygiene are the major factors driving the growth of the Asia-Pacific sodium lauryl sulfate market. North America and Europe are also expected to witness a healthy demand for sodium lauryl sulfate during the forecast period.

Key Players:

Some of the major players in the sodium lauryl sulfate market are-

• Huntsman Corporation
• Croda International
• Solvay S.A
• Clariant Corporation
• Stepan Company
• BASF SE
• Galaxy Surfactants Ltd.
• Godrej Industries Limited
• Kao Corporation
• Melan Chemical Co. Ltd.
• Oxiteno S/A.
• Indústria E Comércio
• Xiamen Ditai Chemical Company Limited.