Disodium Laureth Sulphosuccinate Market Forecast and CAGR
According to the latest study by Fact.MR, the disodium laureth sulfosuccinate market is expected to witness progressive growth during the forecast period (2021-2031). The increasing demand for disodium laureth sulfosuccinate in various end-uses including bath care products, beauty care products, etc. has shifted the disodium laureth sulfosuccinate demand graph to the positive side during the assessment period. Additionally, the business is projected to grow at a solid CAGR of around 5.5% over the projected forecast period due to the escalated adoption rates across various end-uses.
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What is Driving the Demand for Disodium Laureth Sulphosuccinate?
In recent years, consumer preference for beauty and bath care products has increased drastically, driven by increasing concerns about anti-aging and derma products. Manufacturers of disodium laureth sulfosuccinate see this trend as an important opportunity to meet global demand.
Additionally, these laureth sulfosuccinates find their prominent place in these end-uses including cosmetics, bath care, detergents, etc. to witness increased sales bullion. Because of this, the demand has increased over the years and will show a similar trend in the near future.
More importantly, the business is driven by a dispersed consumer base that constantly demands improvement in their product offering. Major manufacturers take these attributes into account and are careful to offer more refined products to the end-user industries, which further use them as key ingredients in their products.
Sulfate- free offerings remain a focus Disodium laureth sulfosuccinate has carved a distinct place in the consumer base for its sulfate-free offerings. Consumers can often find DLS in their end products including shower gel, face cream, shampoo, body wash and others that claim to be sulfate free.
These end products are highly recognized by consumers and cause less damage to the skin compared to products containing sulfate. Additionally, consumer propensity for skin-sensitive products has increased due to the rising awareness of sulfate-free personal care products to reduce harmful effects on sensitive skin types.
Sulfate free products have now become popular with their rise in clean beauty and are often preferred as being less irritating compared to sulfate containing products. However, it can be seen that various non-sulphate cleansers and detergents, including body, face, etc., need to adopt different surfactant chemistry in order to prove their effectiveness in the particular cleaning job.
Here DLS has been identified as a fairly good option as it is not considered a sulfate chemistry. Additionally, it’s also a milder option when formulated as a sulfate-free product.
Market Outlook for Disodium Laureth Sulphosuccinate in Europe
Over the past decade, Europe has been identified as the home of beauty and cosmetic products. The region is stimulating demand for personal care products, including bath care, skin care, hair care, etc., and similar demand forecasts are expected in the near future. According to Cosmetic Europe, Europe recorded $90.5 billion in net sales of cosmetic products in fiscal 2020. Because of this, Germany, France and the UK are driving the wheel of fortune in the industry as they host a long list of players positioned here.
Adding to these findings, DLS is a potential ingredient in cosmetics and personal care products, ensuring its stable demand and showing prosperity in European business. Even the European market is thriving with many key consumers having high disposable incomes to regulate Europe’s burgeoning economy. This in turn increases their purchasing power to invest heavily in these products and support global DLS demand.
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Impact of COVID-19 on Disodium Laureth Sulphosuccinate Market
COVID-19 has impacted the Disodium Laureth Sulphosuccinate business worldwide. Due to the fact that DLS was a key ingredient for all cosmetic products, the second quarter was a major setback for the company during the 2020 crisis.
Historically, the majority of business segments operated through offline specialty stores, malls and malls, where DLS’s final products accounted for the largest share of sales, have been perceived as muted in the lockdown measures enforced by the government in the countries. The pandemic also presented its adverse cause in the second quarter of 2020 when the end-user demand paused and the market saw a decline in the global sales and demand chart.
With Q3, consumers began sourcing personal care products through various e-commerce channels and third-party websites, which supported DLS’s declining business. There were seven key regions including Asia Pacific, North America and Europe
rely on the hit region, which is a major driving force for the business. These regions experienced peak COVID-19 infection rates, causing a disruption in the global supply and demand curve for DLS products.
Who are the key disodium laureth sulfosuccinate manufacturers and suppliers?
Some of the prominent players in the industry are among others
Matangi
Henan Surface Chemical Industry Co. Ltd
Stepan
Company PREMIUM SURFACTANTS
Solvay
Lubrizol
Kao Chemicals
BASF
Evonik Industries
The major players in the market are keeping a good balance between their organic and inorganic market game approaches. It is found that players are indulging in collaborative market approaches to gain more traction on their sales. Even players are improving their product differentiation strategies to gain more strength in the product portfolio.
Key Segments:
By Origin
Synthetics
Vegetables
By Function
Cleansers Foaming Agents Foaming Sinergiste
Hydrotrope
Surfactant By End Use Cosmetics Sunless Tan Face Mask Hairstyling Assistant Moisturizer/Facial Treatment Mascara Anti- Aging Cream Other Bath Products Liquid Hand Soap Classic Shampoo Shower Gel / Body Wash Facial Cleansing Gel Shower Foam Other Laundry Detergents Dishwashing Liquids
By Region
North America
USA & Canada
Latin America
Brazil, Mexico, Argentina & Rest of Latin America
Europe
Germany, France, Italy, Spain, UK, Benelux, Russia & Rest of Europe
East Asia
China, Japan, South Korea South
Asia & Oceania
India, Thailand, Malaysia, Indonesia, Australia and New Zealand and the rest of South Asia
Middle East and Africa
GCC countries, Turkey, South Africa and Rest of Middle East and Africa
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