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The sodium lauroyl isethionate market share is expected to increase by USD 11.88 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.9%.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by application (skin care, hair care, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including BASF SE, Galaxy Surfactants Ltd., Innospec Inc., JEEN International Corp, Jilin Aegis Chemical Co. Ltd., KIYU NEW MATERIAL CO.LTD., McKinley Resources Inc., Parchem Fine & Specialty Chemicals, STARCHEM ENTERPRISES ltd., Surface Chemical Industry Co Ltd., and TAIWAN NJC CORP among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the market. During the COVID-19 pandemic, the market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Sodium Lauroyl Isethionate Market Driver
Growth in the personal care industry is one of the factors driving the market's growth. According to Invest India's September 2021 statistics, Reliance Industries Ltd (Reliance Retail) will begin online selling cosmetics products in India in the coming years due to the increasing demand for cosmetics in the country. Similarly, according to the Cosmetics, Toiletry, and Perfumery Association (CTPA), the European region accounted for the largest cosmetic sector globally in 2020, with Germany ($16.18 billion) dominating the region. Such developments are expected to drive the growth of the personal care sector, which will fuel the growth of the market during the forecast period.
Key Sodium Lauroyl Isethionate Market Trend
Influence through social media and blogging is one of the key market trends fueling the market growth. Social media has become an important way for consumers to find the trendiest personal care products in line with their needs and has been reshaping consumer preferences. Social media platforms such as Instagram, Facebook, and YouTube provide an opportunity for brands to showcase and market their products and improve the sales of personal care products generated due to viral and trending posts. Many personal care brands have become popular among the younger generation through these platforms owing to product promotion by influencers. Consequently, many brands have witnessed an increase in their sales after their products were endorsed by these influencers. Such factors are expected to increase the demand for sodium lauroyl isethionate, which is used in hair and skin care products during the forecast period.
Key Sodium Lauroyl Isethionate Market Challenge
Stringent regulations on sodium lauroyl isethionate are one of the key factors challenging the market growth. Ethylene oxide, a carcinogen, is used in the production of sodium lauroyl isethionate. Owing to the use of ethylene oxide, sodium lauroyl isethionate can cause skin and eye irritation. Owing to these health concerns, the US Environmental Protection Agency (EPA) regulates and closely monitors the use of sodium lauroyl isethionate. Such stringent regulations regarding the use of sodium lauroyl isethionate are expected to hamper the growth of the market in focus during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sodium lauroyl isethionate market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated, and the vendors are deploying growth strategies such as formulations, purity, portfolio range, and services to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the sodium lauroyl isethionate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for sodium lauroyl isethionate in North America. Market growth in this region will be slower than the growth of the market in APAC.
The growing middle-class population will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely impacted the regional market. However, in Q3 2021, the vendors of sodium lauroyl isethionate resumed their operations with proper social distancing and sanitization norms owing to the initiation of large-scale vaccination drives in North America. Such factors are expected to drive the growth of the regional market during the forecast period.
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The market share growth in the skin care segment will be significant during the forecast period. According to Unilever's 2021 annual report, the skin care segment accounted for 7% of the group's revenue in 2021, up from 6% the previous year. Similarly, according to L'Oreal's 2020 annual report, the skincare segment outperformed other cosmetic segments in terms of quarterly growth in 2020. Such increasing demand for skin care products globally is anticipated to increase the demand for sodium lauroyl isethionate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Sodium Lauroyl Isethionate Market Scope |
|
Report Coverage |
Details |
Page number |
118 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.9% |
Market growth 2022-2026 |
$11.88 million |
Market structure |
Concentrated |
YoY growth (%) |
2.45 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
BASF SE, Galaxy Surfactants Ltd., Innospec Inc., JEEN International Corp, Jilin Aegis Chemical Co. Ltd., KIYU NEW MATERIAL CO.LTD., McKinley Resources Inc., Parchem Fine & Specialty Chemicals, STARCHEM ENTERPRISES ltd., Surface Chemical Industry Co Ltd., and TAIWAN NJC CORP |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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