Market Insights
Commonly known as detergent alkylate, the Linear Alkylbenzenes (LAB) is an organic compound that is used as a chemical intermediate to create linear alkylbenzene sulfonate (LAS). LAS is used as a surfactant in cleaning products and detergents. A new report on the global linear alkyl benzene market, published by Market Research Future (MRFR), predicts that this market can see growth between 2018 and 2023.
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The most crucial market driving factor for the global linear alkyl benzene market growth is its heavy use in various applications, low cost, and biodegradable nature. Increasing expansion, collaborations, or partnerships strategies among key market players can also boost market growth. Other factors contributing to the global linear alkyl benzene market growth include growing awareness about hygiene, growing preference for bio-based surfactants, and stringent regulations against the use of non-biodegradable dodecylbenzene sulfonate. However, volatile prices of raw material can hinder the market growth. Available alternatives to commonly used raw materials can also hurt market growth.
Market Segmentation
The Global Linear Alkyl Benzene Market has been segmented on the basis of application. MRFR’s take on the market marks various facets of the market in-depth.
The application-based segmentation of this market covers linear alkylbenzene sulfonates (LAS) and non-surfactant application.
The LAS segment has been sub-segmented into consumer cleaning products and industrial & commercial cleaners. The consumer cleaning products have been further segmented into detergents, scouring products, shampoo, soap, and others.
Non-surfactants applications segment has been sub-segmented into agricultural herbicides, electric cable oil, ink solvents, paint industry, wetting agents, and others.
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Key Players
- Chevron Phillips Chemical Company
- Clariant AG
- Croda International PLC
- Desmet Ballestra Group N.V
- Deten Quimica S.A.
- Hansa Group AG
- Honeywell International Inc.
- Huntsman International LLC
- Indian Oil Corporation Ltd
- Isu Chemical Company
- Jingtung Petrochemical Corp. Ltd
- PetroChina Company Limited
- PT Unggul Indah Cahaya Tbk
- Reliance Industries Limited.
- Sasol Ltd.
Regional Segmentation
A geographical outlining of the global linear alkyl benzene market covers the Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa (MEA).
During the forecast period, the Asia Pacific region can be the largest and fastest-growing market due to rapid industrialization as well as urbanization. Other factors contributing to the market growth in this region include growing awareness about hygiene, growing Fast-Moving Consumer Goods (FMCG) industry, and rising disposable income. The important country-specific markets are China, India, Japan, and South Korea. In this report, Australia and New Zealand have been clubbed into one segment. An observation of the remaining countries in the Asia Pacific region featured in this report calculates the huge addition to market revenue from some other countries.
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After the Asia Pacific region, North America and Europe are the largest regional market. Both of these regions have a steady demand for linear alkyl benzene. In these regions, the market is growing due to developed awareness about hygiene, growing preference for bio-based surfactants, established FMCG industry, high per-capita income, and stringent regulations (especially in USA) against the use of non-biodegradable surfactants. As most of the major market players are based in North America, it has the edge over Europe. In North America, the biggest revenue-generating markets are USA and Canada. In Europe, such markets are France, Germany, Italy, Poland, Russia, Spain, and the UK. An inspection of the remaining countries in Europe featured in this report speculate the huge contribution to market revenue from some other countries in this region.
In Latin America, there is moderate demand for linear alkyl benzene due to the slow overall regional growth. The top country-specific markets in this region are Argentina, Brazil, and Mexico. An evaluation of the remaining countries in Latin America featured in this report expects a decent addition to market revenue from some other countries.
During the forecast period, the market can witness a rise in demand for linear alkyl benzene. Some of the key country-specific markets in this region are Bahrain, Israel, Kuwait, North Africa, Oman, Qatar, Saudi Arabia, Turkey, and the UAE. A valuation of the remaining countries in the MEA region featured in this report anticipates a decent contribution to market revenue from some other countries.
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Latest Industry News
13 Aug 2019 – Being a part of AM International, Manali Petrochemicals and Tamil Nadu Petroproducts Ltd (TPL) are investing in cost-saving projects and secure raw material from domestic sources. Plans are on to augment the LAB and heavy chemicals division (HCD) capacities as well as increasing propylene oxide (PO) derivative capacities.
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