Global Linear Alkylbenzene Sulfonate Market 2017-2021
About Linear Alkylbenzene Sulfonate
Linear alkylbenzene sulfonate (LAS) is manufactured from linear alkylbenzene (LAB) in self-contained enclosed systems. LAS is majorly used as surfactants in household detergents, dishwashing liquids, industrial cleaners, and personal care products. LAS is an anionic surfactant type. Hence, it combines well with other anionic and non-ionic detergent bases. The raw materials used in LAS are mostly petroleum derivatives such as kerosene, benzene, sulfonic acid, and others.
Technavio’s analysts forecast the global linear alkylbenzene sulfonate market to grow at a CAGR of 5.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global linear alkylbenzene sulfonate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Linear Alkylbenzene Sulfonate Market 2017-2021
Technavio recognizes the following companies as the key players in the global linear alkylbenzene sulfonate market: Solvay, Clariant, BASF, DowDuPont, and Lion Specialty Chemicals.
Other Prominent Vendors in the market are: Croda International, Henkel, Sasol, Stepan Company, Huntsman, Reliance Industries, Chevron Phillips Chemical, Nippon Petrochemicals, and Indian Oil.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market emergence of APAC as a major consumer. APAC is the highest consumer of LAS, with 42% of the total market share in 2016. The positive economic development and improved purchasing power of individuals in countries such as China, India, and Indonesia are the key reasons for the growth in APAC.”
According to the report, one driver in the market demand for commercial and household cleaning agents. The demand for household cleaning agents has increased significantly due to the increasing consumer awareness towards health, sanitation, and cleanliness. Moreover, linear alkylbenzene sulfonate (LAS) is a key ingredient in the manufacturing of detergents. The demand for cleaners is expected to rise further during the forecast period, thereby increasing the demand for LAS. The demand for commercial cleaning agents has increased substantially due to the vastly expanding professional cleaning industry and car/vehicle cleaning services.
Further, the report states that one challenge in the market volatility in the prices of raw materials. LAS is manufactured from petroleum by-products such as benzene and linear paraffin. The fluctuation in the price of raw materials hampers the manufacturing processes of LAS. The price of crude oil and natural gas are directly related to the price of petroleum by-products, in turn, related to the price of LAS. This has led to reduced profit margins for vendors, as products are priced at a premium. The fluctuating crude oil price also renders an effect to the procurement cost that the manufacturers have to endure.
Solvay, Clariant, BASF, DowDuPont, Lion Specialty Chemicals, Croda International, Henkel, Sasol, Stepan Company, Huntsman, Reliance Industries, Chevron Phillips Chemical, Nippon Petrochemicals, and Indian Oil.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook