Increasing demand for detergents, soaps, and other cleaners owing to the growing population & rising need for better hygiene has driven the linear alkyl benzene (LAB) market. Rising disposable income coupled with the high GDP growth rates of countries such as India, China & Brazil is presumed to impact positively on the LAB market.
As per the latest research report added by Value Market Research, the Global Linear Alkyl Benzene (LAB) Market was valued at USD 10.45 BN in 2022 and is anticipated to grow at a CAGR of 5.3% between 2023-2030. By volume, the market was estimated at XX.X KT in 2022 and is expected to reach XX.X KT by 2030 with a CAGR of X.X%.
LINEAR ALKYLBENZENE SULFONATE (LAS) DOMINATED THE PRODUCT SEGMENT
Linear Alkylbenzene Sulfonate (LAS) led the product type owing to rising demand for detergents, cleaners & other sanitization products is driving the LAS segment growth. This segment is expected to reach USD XX.X MN by 2030. The rising need for a biodegradable & eco-friendly substitute for traditional synthetic surfactants within end-use industries is likely to foster market growth in the following years.
BY LAS APPLICATION, HEAVY-DUTY LAUNDRY LIQUIDS LED THE SEGMENT
By LAS application, heavy-duty laundry liquids dominated the segment owing to being eco-friendly, non-flammable & more effective at removing greasy oil in low quantities is raising their demand. The segment is expected to reach USD XX.X MN by 2030.
APAC DOMINATED THE REGIONAL SEGMENT
APAC led the regional segment owing to the rising population, increasing disposal income, growing hygiene awareness among people, and rapid industrialization in emerging economies such as India & China are the factors driving the Asia-Pacific market. Asia-Pacific is expected to reach USD XX.X MN by 2030.
KEY MARKET PLAYERS OF THE LINEAR ALKYL BENZENE MARKET
CEPSA Quimica S.A., Chevron Phillips Chemical, Deten Quimica, Fushun Petrochemicals, Honeywell, Huntsman Corporation, ISU Chemical, Jintung Petrochemical, Reliance Aromatics and Petrochemicals Pvt. Ltd, Sasol, and Unggul Indah Cahaya are the key manufacturers of Linear Alkyl Benzene (LAB).