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Sodium Lauroyl Isethionate Market Size Forecast to Reach $113.5 Million by 2027

The Sodium Lauroyl Isethionate Market size is forecast to reach US$113.5 million by 2027 after growing at a CAGR of 4.6% during 2022-2027. 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. For instance, as per the stats by Cosmetics Europe, the European personal care and cosmetics market accounted for USD 88.91 billion at retail price, making it the world’s largest market in 2020. 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. For instance, according to the stats by trade.gov, in 2020, skincare cosmetics became the largest import category of 2020 accounting for USD 497 million of total cosmetic imports in Korea. The strict regulations regarding the use of sodium lauroyl isethionate might hamper the market’s growth.

COVID-19 Impact

The sodium lauroyl isethionate was impacted due to the COVID-19 pandemic as disturbances such as disruption in the supply chain and idling of factories surfaced amid the pandemic. Market players incorporated contingency plans to withstand the severity of the COVID-19 pandemic. Furthermore, the drop in the business in the cosmetic sector further slowed down the growth of the market. According to the 2020 full-year results report by Unilever, the use of beauty and personal care products went down amid the pandemic as people stayed at home. The market had decent growth towards the end of 2020. Going forward, the sodium lauroyl isethionate market is projected to witness robust growth owing to the increasing demand for personal care products globally.

Sodium Lauroyl Isethionate Market Segment Analysis – By Type

Flake type dominated the market in 2021 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. As per the 2020 explore report by US-based personal care surfactants company Innospec, the company mentioned its top surfactant products that include its sodium lauroyl isethionate surfactant Pureact SLI which is made of white flakes. Such robust presence of flakes-based sodium lauroyl isethionate in the market is projected to strengthen its portfolio during the forecast period.

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Sodium Lauroyl Isethionate Market Segment Analysis – By Application

The skincare application dominated the sodium lauroyl isethionate market in 2021 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. For instance, as per the 2019 annual report by Unilever, the skincare segment accounted for 8% of group revenue in 2019 which was 7% in the previous year. Similarly, as per the 2020 annual report by Loreal, the skincare segment recorded steady growth quarter on quarter compared to other cosmetic segments in 2020. Such increasing demand for skin care products globally is anticipated to increase the demand for sodium lauroyl isethionate, contributing to the market’s growth during the forecast period.

Sodium Lauroyl Isethionate Market Segment Analysis – By Geography

The Asia-Pacific region held the largest market share in the sodium lauroyl isethionate market in 2021, up to 32%. 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. The personal care sector is booming in the region with increasing demand for personal care products and this is expected to increase the demand for sodium lauroyl isethionate during the forecast period. For instance, as per data by the Ministry of Economy, Trade, and Industry (METI), the personal care and cosmetics market in Japan became the world’s third-largest market in 2019 with a market value of US$ 35 billion. Similarly, as per the data by InvestIndia, the personal care and beauty care sector currently stands at a massive figure of USD 26.8 billion and is projected to expand rapidly in the coming years. Such massive growth in the region’s personal care sector is projected to stimulate the demand for sodium lauroyl isethionate during the forecast period.

Sodium Lauroyl Isethionate Market Drivers

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. For instance, according to the September 2021 stats by Japan Cosmetics Industry Association, skincare cosmetics category made up 52.2% of the total cosmetic shipment, making it the largest category under shipment in 2020. Similarly, according to the 2020 annual data by France-based cosmetics company Loreal, the skincare business segment made up 42% of the total cosmetics market, making it the largest segment in 2020. Such massive growth in the skincare application is anticipated to increase the high use of sodium lauroyl isethionate which in turn is will drive the market’s growth during the forecast period.

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. For instance, according to the September 2021 stats by Invest India, Reliance Retail will soon start online selling cosmetic products in India owing to the increasing demand for cosmetics in the country. Similarly, as per the stats by the Cosmetics, Toiletry and Perfumery Association, in 2020, the European region accounted for the largest cosmetic market globally with Germany (USD 16.18 billion) dominating the region. This huge boost in the personal care sector globally is expected to amplify the higher requirement of sodium lauroyl isethionate, thereby driving the market’s growth during the forecast period.

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Sodium Lauroyl Isethionate Market Challenges

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.

Sodium Lauroyl Isethionate Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the Sodium Lauroyl Isethionate Market. Global Sodium Lauroyl Isethionate top 10 companies include:

Innospec Inc.,
Taiwan NJC Corporation
Surface Chemical Industry
Galaxy Surfactants
Jeen International
KIYU New Material Co. Ltd
Parchem Fine & Specialty Chemicals
JILIN AEGIS CHEMICAL CO. LTD
BASF SE
McKinely Resources, Inc

Recent Developments

In February 2021, Innospec announced the development of a shampoo powder using its Pureact surfactant technology formula for Henkel. This collaboration with Henkel allowed Innospec to expand its surfactant business in the global market

In January 2019, Innospec Inc. expanded its capabilities in research, development, and technical service for the Performance Chemicals business through a series of investments. This investment enabled the company to strengthen its surfactant portfolio.

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Key Takeaways:

Flake type dominated the sodium lauroyl isethionate market in 2021. 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. For instance, according to the stats by India Brand Equity Foundation, the skincare sector in India will grow at an annual average growth rate of 10.4% through 2022.

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 cosmetic and personal care sector will become USD 15.17 billion market by 2024 which was USD 9.98 billion in 2019.

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Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

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