Increasing demand of detergents, soaps and other cleaners owing to growing population & rising need of better hygiene has driven the linear alkyl benzene (LAB) market. Rising disposable income coupled with high GDP growth rate of countries such as India, China & Brazil is presumed to impact positively on LAB market.
As per the latest research report added by Value Market Research, the Global Linear Alkyl Benzene (LAB) Market was valued USD 7,980.7 MN (by revenue) in 2017 and is anticipated to reach USD 10,825.5 MN by 2024 with a CAGR of 5.5%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
LINEAR ALKYLBENZENE SULFONATE (LAS) DOMINATED THE PRODUCT SEGMENT
In 2017, 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 2024. Rising need of a biodegradable & eco-friendly substitute for traditional synthetic surfactants within end-use industries is likely to foster the market growth in following years.
BY LAS APPLICATION, HEAVY-DUTY LAUNDRY LIQUIDS LED THE SEGMENT
In 2017, By LAS application, heavy-duty laundry liquids dominated the segment owing to eco-friendly, non-flammable & more effective at removing greasy oil in low quantity is raising their demand. The segment is expected to reach USD XX.X MN by 2024.
APAC DOMINATED THE REGIONAL SEGMENT
APAC led the regional segment in 2017 owing to rising population, increasing disposal income, growing hygiene awareness among people and rapid industrialization in emerging economies such as India & China are the factors driving Asia-Pacific market. Asia-Pacific is expected to reach USD XX.X MN by 2024.
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).
As per this study, the global Linear Alkyl Benzene (LAB) market was valued USD XX MN (by revenue) in 2020 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2020 and is expected to reach XX KT by 2027 with a CAGR of XX%.
Linear Alkyl Benzene is a colorless organic compound used during the production of linear alkylbenzene sulphonate (LAS) surfactant. LAB act as an intermediate chemical product used to manufacture detergent. Normal paraffin (n-paraffin) and benzene are the key raw materials for the synthesis of LAB. In the past few decades, LAB has been considered as an important raw material for manufacturing biodegradable detergent and cleaners. Owing to its environment-friendly nature, it is widely adopted among existing surfactants.
The rising demand for synthetic detergent along with the expanding construction industry is the major factor contributing to the growth of the LAB market. Also, the growing demand for glass cleaners, rug cleaners, metal cleaners, home cleaners, and other industrial cleaners is further propelling the industry expnasion. Rapidly increasing population base coupled with the growth in various industrial sectors have triggered the demand for cleaners used for various household and industrial purposes. Further, the growth in the cleaning industry is also expected to augment the growth of the market. On the flip side, the fluctuating price of raw material is the only major factor that limits the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of linear alkyl benzene (LAB).
The broad linear alkyl benzene (LAB) market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By LAS (Application)
- Linear Alkylbenzene Sulfonate (LAS)
- Heavy-Duty Laundry Liquid
- Laundry Powder
- Light-Duty Dishwashing Liquid
- Industrial Cleaner
- Household Cleaner
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for linear alkyl benzene (LAB) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Linear Alkyl Benzene (LAB) Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the linear alkyl benzene (LAB) market includes Sasol, CEPSA Quimica S.A., Chevron Phillips Chemical, Deten Quimica, Fushun Petrochemicals, Honeywell, Huntsman Corporation, ISU Chemical, Jintung Petrochemical, Reliance Aromatics and Petrochemicals Pvt. Ltd, and Unggul Indah Cahaya. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.