Sodium Lauroyl Isethionate Market - Forecast(2024 - 2030)

Report Code: CMR 97628 Report Format: PDF + Excel

Sodium Lauroyl Isethionate Market - Overview

The Sodium Lauroyl Isethionate market size is forecast to reach USD 130 million by 2030, after growing at a CAGR of 4.6% during the forecast period 2024-2030.  Sodium lauroyl isethionate is a surfactant that is used in the formulation of a wide spectrum of personal care products such as body washes, toothpaste, facial cleansers, and conditioner bars. The personal care sector globally is exhibiting tremendous growth globally with increasing production and sales of personal care products and this is expected to drive the market’s growth during the forecast period. The cosmetic industry's continuous emphasis on innovation and the formulation of products catering to diverse skin concerns further accelerates the adoption of SLI. As a result, manufacturers are increasingly incorporating Sodium Lauroyl Isethionate into their skincare formulations to meet the growing consumer demand for products that deliver both cleanliness and a soothing experience.

Additionally, Furthermore, the demand for skincare applications is rising globally owing to the increasing awareness regarding appearance and hygiene among the consumers and this is projected to contribute to the market’s growth during the forecast period. The demand for Sodium Lauroyl Isethionate (SLI) is experiencing a significant upswing, primarily propelled by its widespread adoption in skincare applications. As consumers increasingly prioritize personal care products that offer effective and gentle cleansing, SLI has emerged as a key ingredient due to its mild and skin-friendly characteristics.

Report Coverage

The report: “Sodium Lauroyl Isethionate Market Report - Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Lauroyl Isethionate Industry.

By Type: Flakes, Granules, Powder, and Others.
By Grade: Bio-Tech Grade, Technical Grade, Reagent Grade, and Others.
By Application: Hair Care (Shampoos, Hair Conditioners, and Others), Skin Care (Body Washes, Facial Cleansers, Conditioner Bars, and Others), Toothpaste, and Others.
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

• Flake type dominated the sodium lauroyl isethionate market in 2023. This type of sodium lauroyl isethionate is low cost, making it a suitable choice in the market. 
• The skincare application is projected to influence the market’s growth during the forecast period. The rise in demand can be attributed to SLI's ability to create rich lather, providing a luxurious and effective cleansing experience in various skincare formulations. Its versatility makes it a sought-after component in products such as facial cleansers, body washes, and hand soaps.
• The Asia-Pacific region is expected to witness the highest demand for sodium lauroyl isethionate during the forecast period owing to the expanding personal care sector in the region. For instance, as per the stats by India Brand Equity Foundation, India’s beauty, cosmetics and grooming market will reach US$ 20 billion by 2025.

By Type - Segment Analysis

Flake type dominated the market in 2023 and is growing at a CAGR of 5.1% during the forecast period. This type of sodium lauroyl isethionate is inexpensive and provides excellent stability to the formulation process. Flake-type sodium lauroyl isethionate also offers personal care products with a smooth texture. Owing to such diverse properties, the portfolio of flake type of sodium lauroyl isethionate is robust in the market compared to other type of sodium lauroyl isethionates. These flakes exhibit excellent solubility, ensuring efficient dispersion during product formulation, ultimately enhancing the end-user experience. The cosmetic and personal care industry widely favors SLI flakes due to their versatility in applications, ranging from solid bars and cleansers to liquid formulations. The demand for SLI flakes is further fueled by consumer preferences for gentle and effective cleansing products, aligning with the industry's focus on developing innovative formulations.

By Application - Segment Analysis

The skincare application dominated the sodium lauroyl isethionate market in 2023 and is growing at a CAGR of 5.5% during the forecast period. Sodium lauroyl isethionate finds its massive uses in the formulation process of several skincare products such as body washes, facial cleansers, and conditioner bars. The demand for skin care products is on the rise globally owing to increasing awareness about appearance among the consumers and this is projected to bolster the market growth during the forecast period. The rise in consumer awareness regarding the importance of skincare has further propelled the demand for products that prioritize both efficacy and skin health. Sodium Lauroyl Isethionate aligns perfectly with these consumer preferences due to its mild nature, making it suitable for even the most sensitive skin types. This versatility positions SLI as a go-to ingredient for formulators aiming to create products that cater to a diverse range of skin concerns while ensuring a gentle and nurturing experience.

By Geography - Segment Analysis

Asia Pacific dominated the Sodium Lauroyl Isethionate market with 32% market share in 2023. The high demand for sodium lauroyl isethionate is attributed to the booming personal care sector in the region. Sodium lauroyl isethionate is widely used in the formulation and processing of several personal care products such as body washes, toothpaste, and conditioner bars. One of the key factors contributing to Asia Pacific's dominance in the SLI industry is its robust manufacturing capabilities. The rise of e-commerce and digital connectivity has further accelerated the accessibility of personal care products across Asia Pacific. According to India Brand Equity Foundation, In FY23, the Gross Merchandise Value (GMV) of e-commerce reached US$ 60 billion, increasing 22% over the previous year. In FY22, the GMV of e-commerce stood at US$ 49 billion. Consumers in countries like China and India, with their massive online retail presence, have easy access to a wide array of beauty and skincare products, driving the demand for SLI-infused formulations. The convenience of online platforms has allowed consumers to explore and experiment with different skincare products, contributing to the rise in the adoption of SLI in the region.
 

Drivers – Sodium Lauroyl Isethionate Market

• Increasing demand for skincare application will drive the market’s growth

Sodium lauroyl isethionate finds its massive uses in the formulation procedure of several skincare products, ranging from body washes, facial cleansers, conditioner bars, among others. The demand for skincare products is increasing globally and this is expected to drive the market’s growth during the forecast period. One of the key factors driving the demand for SLI in skincare applications is its ability to create a luxurious lather, providing a satisfying cleansing experience. As consumers seek products that not only cleanse effectively but also deliver a sensory and indulgent feel, SLI proves to be a versatile ingredient that meets these expectations. The rise of the beauty-conscious consumer, particularly in regions like Asia Pacific, has significantly contributed to the upswing in SLI demand. Countries like South Korea and Japan, renowned for their advanced skincare routines, have become influential trendsetters, with SLI playing a pivotal role in meeting the rigorous standards of these discerning markets.

• Booming personal care sector globally will drive the market’s growth

The personal care sector is one of the largest markets for sodium lauroyl isethionate where it is utilized in the formulation of numerous products such as body washes, toothpaste, facial cleansers, and conditioner bars. The personal care sector is booming globally and this is projected to contribute to the growth of the market during the forecast period. Moreover, the ever-expanding global middle-class population, particularly in emerging economies, has contributed significantly to the growth of the personal care sector and, consequently, the demand for SLI. Countries in Asia Pacific, Latin America, and the Middle East are witnessing a surge in demand for personal care products as disposable incomes rise, and consumers become more discerning about the ingredients in the products they use. SLI's ability to cater to diverse skin types, including sensitive skin, has resonated well with the varied demographics of these regions.

Challenges – Sodium Lauroyl Isethionate Market  

• The strict regulations regarding sodium lauroyl isethionate might hamper the market’s growth
The use of sodium lauroyl isethionate is strictly monitored by several governing bodies which has been a challenge and this is expected to hamper the market’s growth during the forecast period. The preparation of sodium lauroyl isethionate involves ethylene oxide which is a harmful substance. Exposure to sodium lauroyl isethionate can lead to skin and eye irritation due to the use of ethylene oxide. Owing to these health issues, the Environmental Protection Agency of the US regulates and closely monitors the use of sodium lauroyl isethionate. Such strict regulation regarding sodium lauroyl isethionate might hamper the market’s growth during the forecast period. The stringent regulations also impact the innovation and introduction of new SLI formulations into the market. Manufacturers face the challenge of staying ahead of regulatory changes, adapting formulations to meet new requirements, and conducting thorough safety assessments, all of which contribute to increased time and resource investments.

Market Landscape

Technology launches, acquisitions, and Partnership activities are key strategies adopted by players in the Sodium Lauroyl Isethionate market. In 2023, The major players in the Sodium Lauroyl Isethionate market are
  1. Innospec Inc.,
  2. Taiwan NJC Corporation
  3. Surface Chemical Industry
  4. Galaxy Surfactants
  5. Parchem Fine & Specialty Chemicals
  6. BASF SE
  7. Clariant
  8. Solvay
  9. Stepan Company
  10. Croda

Developments:

  • In December, 2023, Innospec Inc. acquired QGP Química Geral S.A., a Brazilian specialty chemicals company. Innospec plans to integrate QGP into its Performance Chemicals business. These acquisitions align with Innospec's focus on diverse markets such as fuel specialties, oilfield services, personal care, polymers, and waxes.
  • In March 2022, Vantage Specialty Chemicals announced the acquisition of Jeen International Corporation and BotanicalsPlus, Inc. The acquisition is said to have expanded Vantage's leadership in the personal care industry.

1. Sodium Lauroyl Isethionate Market- Market Overview
    1.1 Definitions and Scope
2. Sodium Lauroyl Isethionate Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Grade
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Sodium Lauroyl Isethionate Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Sodium Lauroyl Isethionate Market- Startup companies Scenario Premium  
    4.1 Major startup company analysis:
    4.1.1 Investment
    4.1.2 Revenue
    4.1.3 Product portfolio
    4.1.4 Venture Capital and Funding Scenario
5. Sodium Lauroyl Isethionate Market– Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Sodium Lauroyl Isethionate Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Sodium Lauroyl Isethionate Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Sodium Lauroyl Isethionate Market Segment Analysis – By Type (Market Size -US$ Million, Billion)
    8.1 Flakes
    8.2 Granules
    8.3 Powder
    8.4 Others
9. Sodium Lauroyl Isethionate Market Segment Analysis – By Grade (Market Size -US$ Million, Billion)
    9.1 Bio-Tech Grade
    9.2 Technical Grade
    9.3 Reagent Grade
    9.4 Others
10. Sodium Lauroyl Isethionate Market Segment Analysis – By Application (Market Size -US$ Million, Billion)
    10.1 Hair Care
        10.1.1 Shampoos
        10.1.2 Hair Conditioners
        10.1.3 Others
    10.2 Skin Care
        10.2.1 Body Washes
        10.2.2 Facial Cleansers
        10.2.3 Conditioner Bars
        10.2.4 Others
    10.3 Toothpastes
    10.4 Others
11. Sodium Lauroyl Isethionate Market Segment Analysis - By Geography (Market Size -US$ Million / Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Sodium Lauroyl Isethionate Market-Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Sodium Lauroyl Isethionate Market- Industry/Segment Competition Landscape 
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Sodium Lauroyl Isethionate Market- Key Company List by Country Premium
15. Sodium Lauroyl Isethionate Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1. Innospec Inc.,
    15.2. Taiwan NJC Corporation
    15.3. Surface Chemical Industry
    15.4. Galaxy Surfactants
    15.5. Parchem Fine & Specialty Chemicals
    15.6. BASF SE
    15.7. Clariant
    15.8. Solvay
    15.9. Stepan Company
    15.10. Croda
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)
2.Global Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 (Volume/Units)
3.North America Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)
4.South America Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)
5.Europe Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)
6.APAC Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)
7.MENA Sodium Lauroyl Isethionate Market Analysis, by Type Market 2019-2024 ($M)

LIST OF FIGURES

1.US Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
2.Canada Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
3.Mexico Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
4.Brazil Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
5.Argentina Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
6.Peru Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
7.Colombia Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
8.Chile Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
9.Rest of South America Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
10.UK Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
11.Germany Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
12.France Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
13.Italy Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
14.Spain Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
16.China Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
17.India Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
18.Japan Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
19.South Korea Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
20.South Africa Sodium Lauroyl Isethionate Market Revenue, 2019-2024 ($M)
21.North America Sodium Lauroyl Isethionate By Application
22.South America Sodium Lauroyl Isethionate By Application
23.Europe Sodium Lauroyl Isethionate By Application
24.APAC Sodium Lauroyl Isethionate By Application
25.MENA Sodium Lauroyl Isethionate By Application
26.Innospec Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Galaxy Surfactants Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.JEEN International Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.KIYU New Material Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.NJC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Henan Surface Chemical Industry Co Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.McKinley Resources Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Jilin Aegis Chemical Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)