Global Linear Alkyl Benzene Market 2017-2021
About Linear Alkyl Benzene
Benzene is a by-product of crude oil, which is used in various applications. It is colorless and a highly flammable liquid with a sweet smell. It is used for manufacturing chemicals with a complex structure such as styrene and ethylbenzene. More than 50% of the entire benzene production is processed into styrene, which is used to make plastics and polymers. A small amount of benzene is used to make rubber, detergents, explosives, lubricants, dyes, drugs, and pesticides. LAB is a raw material used in the production of detergents. It is a colorless liquid with a specific odor. LAB produced from mono-olefins are detergent immediate and can be easily sulfonated to obtain linear alkyl sulfonate acid (LABSA). Some of the characteristics of LAB are high light yield, high flash point, low radioactive impurities, and optimum optical transparency. LAB is either directly supplied to end users or converted to LAS and then sold.
Technavio’s analysts forecast the global linear alkyl benzene market to grow at a CAGR of 5.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global linear alkyl benzene market for 2017-2021. To calculate the market size, the report considers the revenue generated from various applications such as LAS and other niche applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Linear Alkyl Benzene Market 2017-2021
Technavio recognizes the following companies as the key players in the global linear alkyl benzene market: Clariant, Huntsman International, Reliance Industries, Chevron Phillips Chemical, and CEPSA
Other Prominent Vendors in the market are: Bisotun Petrochemical (Mahan Sepahan Industrial Development Group), Farabi Petrochemicals, Indian Oil, Iran Chemical, ISU Chemical, JXTG Nippon Oil and Energy, SEEF, Tamilnadu Petroproducts, and Unggul Indah Cahaya.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand from niche applications. LAB is mostly utilized to manufacture LAS. However, there are various other niche applications such as its use as a fluid in underground electricity transmission cables. It is also suitable for underwater cables. The demand for LAB will be positively impacted by an increased use of such cables.”
According to the report, one of the major drivers for this market is Growing demand for cleaners. One of the major drivers for the global LAB market is the growing demand for household and industrial cleaners. The awareness about hygiene is a major cause of this demand. To remain healthy and to keep their surrounding clean, consumers are demanding high-performance cleaners. This is driving the demand for LAB.
Further, the report states that one of the major factors hindering the growth of this market is Stringent regulation and policies. The stringent regulations of federal agencies and European Union (EU) are expected to limit the market growth. The governments of various countries, such as the US, Germany, the UK, and Canada, along with environmental associations, have set certain regulations regarding the use of surfactants in various applications. This is due to the harmful effects of synthetic surfactants.
Clariant, Huntsman International, Reliance Industries, Chevron Phillips Chemical, CEPSA, Bisotun Petrochemical (Mahan Sepahan Industrial Development Group), Farabi Petrochemicals, Indian Oil, Iran Chemical, ISU Chemical, JXTG Nippon Oil and Energy, SEEF, Tamilnadu Petroproducts, and Unggul Indah Cahaya.
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