Global Linear Alkyl benzene (LAB) Market - Segmented Application, and Geography - Trends and Forecast (2018 - 2023)
The global linear alkyl benzene (LAB) market is expected to register a CAGR of 3.15% during the forecast period, 2018 - 2023. Linear alkyl benzene, an organic compound, is an intermediary in the production of surfactants, which is mainly used in detergents. LAB removes oil and fatty soil absorbed into the fabric, textile or any other material. LAB is mostly used to manufacture LAS to produce detergents, house cleaners, fabric softeners, and soap bars.
High Demand for Synthetic Detergent
Linear Alkyl Benzene (LAB) is used as surfactant in dilute solutions for their cleaning properties. Linear alkyl benzene is derived from petroleum and is the major detergent being used today, because of its low cost. LAB is the basic raw material for production of most widely used detergent. The need to remain healthy and disease free plays a vital role in the usage of detergents, household & laundry cleaners. As disposable income increases, the purchasing power of consumers is also rising. As the population is increasing, the number of houses, hospitals and other public infrastructure are also increasing, fueling the demand for cleaning products. Beside these, there exist high demand for LAB from industrial and household cleaning sector.
Surfactant Dominates the Market
Linear alkylbenzene sulfonic acid (LABSA) is the largest-volume synthetic surfactant because of its relatively low cost, good performance. LAB is straight chained and can be dried to a stable powder, which are biodegradable. LAB is also required for the manufacturing of LABSA and linear alkylbenzene sulfonate (LAS), which comprises the largest global share in synthetic surfactant sector. About 83-87% of LAS is being used in household detergents, dishwashing liquids, laundry liquids, laundry powders, and other household cleaners. Heavy-duty laundry liquids are used for blankets, carpets, and bed-sheets while light-duty laundry liquids are used for regular clothes. Industrial, institutional, and commercial cleaners account for most of the other applications.
Asia-Pacific Dominates the Market
In terms of consumption, APAC is the largest market for LAB and is expected to witness the fastest-growth during the forecast period. Several reasons, such as rising industrialization, increase in disposable income, awareness about hygiene, and increasing population are fostering the global market for LAB in this region. Developing countries, such as China, and India are expected to create opportunities for the market, owing to the growing demand for cleaners
Major Players: CEPSA Quimica SA, Chevron Phillips Chemical, Honeywell, Huntsman Corporation, and Sasol Limited, amongst others.
Reason to Purchase this Report
Analyze various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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