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The ammonium lauryl sulphate industry is being aided by the increasing disposable incomes and the emerging middle class. The growing grooming and personal care industry, which requires ammonium lauryl sulphate for scalp treatment, foot treatment, anti-ageing, and facial cleansing and soap, is one of the major consumers of this chemical. The market is also being aided by the product’s approval by regulatory authorities across the globe. The U.S. Food and Drug Administration has this on its list of multipurpose additives and has considered this safe.
As it is widely found in items of daily use like shampoos, body wash products, shower gels, cosmetics, and even packaging, the rising retail sector has also significantly aided the market growth. Thus, the growth of retail giants like Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT), among others, have played a vital role in the distribution of ammonium lauryl sulphate end products leading to a growth of the ammonium lauryl sulphate industry.
While the Asia Pacific is the key market for ammonium lauryl sulphate, the market in Latin America is expected to expand significantly due to the rising demand for personal care products in emerging economies. Brazil, Venezuela, and Argentina are expected to be the key markets for growth due to the presence of a robust personal care industry in the countries, along with a rising middle-class population.
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The major players in the global ammonium lauryl sulphate market are BASF SE, Kao Corporation, Taiwan NJC Corporation, Stepan Company, and Henan Surface Chemical Industry Co Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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