Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Linear Alkyl Benzene (Lab) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.8% during the review period (2022 to 2027).
The rising demand for linear alkylbenzene in the linear alkylbenzene sulfonates (LAS) application will fuel the market growth. LAS is a surfactant and derived from linear alkylbenzene. It can be definitely bio-degradable which makes it a preferred choice over dodecylbenzene sulfonates. In addition, the evolution of linear alkylbenzene sulfonates is also credited to its low cost and versatility nature. Additional, it is also considered as the safest anionic surfactant from the environmental and human health point of view. The increasing consumer need for light-duty dishwashing liquids, heavy-duty laundry liquids, and laundry powders will fuel the demand for linear alkylbenzene sulfonates.This further aid to surge the growth for the market.
Increase in applications of linear alkyl benzene (LAB) in household cleaners and light-duty dishwashing liquid is anticipated to drive the global linear alkyl benzene (LAB) market during the forecast period 2022-2027. Heavy-duty laundry liquids are main application areas of LAB, in terms of both volume and revenue. Linear alkyl benzene (LAB) is expressively used in manufacturing of LAS. LAS is a basic raw material used in the manufacturing of detergent and accounts for a substantial portion of the global LAB consumption. LAB can be converted to LAS or directly supplied for various end-user applications. LAB exhibits optimum optical transparency, high light yield, high flash point, and low radioactive impurities due to which it is also used in neutrino detectors.
Industry Developments:
April 25, 2022: Cepsa Quimica (Madrid, Spain) has introduced the first two products in a new line of sustainable chemicals: NextLAB and NextPhenol, now made from renewable and recycled raw materials. The products are used, among other things, for the production of cleaning agents and engineering plastics. The introduction of the new product lines is not only part of Cepsa Química’s ambitions to make its own business activities fossil-free in the long term, but it also helps Cepsa customers to make their products and production processes more sustainable.
The Linear Alkyl Benzene (Lab) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Huntsman Corporation, Honeywell, CEPSA Quimica S.A., Sasol, Deten Quimica, Reliance Aromatics and Petrochemicals Pvt. Ltd., Chevron Phillips Chemical, Unggul Indah Cahaya, Jintung Petrochemicals, Fushun Petrochemicals, ISU Chemical and others.
Linear Alkyl Benzene (Lab) Market is segmented based on the applications, End use, companies and regions.
By Applications
By End-Use
Asia Pacific is anticipated to account for the main share of the global market. This is due to the robust growth of end-use industries of LAB in emerging economies such as India and China. Asia Pacific controls the worldwide linear alkyl benzene (LAB) market due to the accessibility of raw materials at affordable rates. China is the most profitable country in the linear alkyl benzene (LAB) market. The growing applications of linear alkyl benzene (LAB) in heavy-duty laundry liquids, laundry powders, and industrial cleaners, light-duty dishwashing liquids, and household cleaners is anticipated to help this region produce considerable revenues over the next few years.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.8% during the review period (2022 to 2027). |
By Product Type |
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By Application |
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By Companies | Huntsman Corporation, Honeywell, CEPSA Quimica S.A., Sasol, Deten Quimica, Reliance Aromatics and Petrochemicals Pvt. Ltd., Chevron Phillips Chemical, Unggul Indah Cahaya, Jintung Petrochemicals, Fushun Petrochemicals, ISU Chemical |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 94 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Linear Alkyl Benzene (Lab) Market is studied from 2017 - 2027.
What is the growth rate of Linear Alkyl Benzene (Lab) Market?
The Linear Alkyl Benzene (Lab) Market is growing at a CAGR of 3.8% over the next 5 years.
Who are the leading key players in Linear Alkyl Benzene (Lab) Market?
Huntsman Corporation, Honeywell, CEPSA Quimica S.A., Sasol, Deten Quimica, Reliance Aromatics and Petrochemicals Pvt. Ltd., Chevron Phillips Chemical, Unggul Indah Cahaya, Jintung Petrochemicals, Fushun Petrochemicals, ISU Chemical
What regions regions does this Linear Alkyl Benzene (Lab) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Applications of Linear Alkyl Benzene (Lab) Market?
Linear Alkylbenzene Sulfonates (LAS), Non-Surfactant
What are the significant End users of Linear Alkyl Benzene (Lab) Market?
Laundry Detergents, Light-Duty Dishwashing Liquids, Industrial Cleaners, Household Cleaners, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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