Ammonium lauryl sulfate is an organic compound with the chemical formula C12H27NH4O4S. It is mainly used as an emulsifier, corrosion inhibitor, scale inhibitor, detergent, and surfactant, and can also be used as a medium for polymerization reactions.
According to its structure and properties, ammonium lauryl sulfate belongs to the category of organic acid-base products and can be used to neutralize acidic substances such as sulfuric acid and hydrochloric acid. In addition, it can also be used to synthesize other organic compounds, such as alcohols, ethers, esters, etc.
Overview of Market Development and Analysis of Segmented Markets
With the rapid development of technology and industrialization, the global market for ammonium lauryl sulfate is showing a steady growth trend. According to our research data, the global market revenue for ammonium lauryl sulfate in 2023 was $283 million, with an increase of 3.50% compared to 2022. It is expected that its market revenue will continue to increase to $317 million by 2025.
According to the different concentration ranges, ammonium lauryl sulfate can be divided into two categories: high-concentration ammonium lauryl sulfate and low-concentration ammonium lauryl sulfate. Among them, the submarket of low-concentration ammonium lauryl sulfate dominates.
As an important organic chemical, ammonium lauryl sulfate has a wide range of applications in various fields such as personal care products, detergents, rubber, and pesticides. Among them, the field of personal care products is its largest downstream application market.
Global Ammonium Lauryl Sulphate Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global ammonium lauryl sulfate market is moderate. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $94.95 million in the ammonium lauryl sulfate market, with a total revenue share of 33.55%. The top 3 companies were BASF, Stepan Company, respectively, and Lubrizol. In 2023, these three companies accounted for 14.43%, 10.958%, and 8.17% of the global market revenue for ammonium lauryl sulfate, respectively.
Ammonium Lauryl Sulphate Market Revenue and Share of Main Companies in 2023
Companies
|
Market Revenue (Million USD)
|
Share
|
BASF
|
40.84
|
14.43%
|
Stepan Company
|
30.99
|
10.95%
|
Lubrizol
|
23.12
|
8.17%
|
Top3
|
94.95
|
33.55%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "China Ammonium Lauryl Sulphate Industry Market Research Report 2023-2029".