Global Linear Alkylbenzene And Linear Alkylate Sulfonate Market Report and Forecast 2023-2028

Global Linear Alkylbenzene and Linear Alkylate Sulfonate Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global linear alkylbenzene and linear alkylate sulfonate market attained a healthy growth in the historical period. Aided by the increasing demands in the detergent industry and the versatile applications of LAB and LAS in various sectors, the global linear alkylbenzene (LAB) market demand is expected to grow at a CAGR of 3% between 2023 and 2028 whereas the industry for LAS is expected to grow at a CAGR of 3% in the forecast period of 2023-2028.

Linear Alkylbenzene (LAB) is an organic compound typically used as a raw material for the production of Linear Alkylate Sulfonate (LAS), which is a primary component in the production of biodegradable detergents. LAB and LAS are known for their effective surfactant properties, making them indispensable in various applications, from laundry detergents to industrial cleaners.

A significant driver behind the linear alkylbenzene and linear alkylate sulfonate market growth is the global surge in the detergent industry. As urbanisation and industrialisation continue to advance, the demand for effective cleaning agents has risen in tandem. LAB and LAS, with their superior surfactant properties, stand as the preferred choice for formulators in the detergent sector.

Moreover, heightened awareness regarding the environmental impact of cleaning agents has led to a shift towards biodegradable detergents. LAS, being biodegradable, positions itself as an environmentally-friendly surfactant, further augmenting its demand in the detergent market.

As per the linear alkylbenzene and linear alkylate sulfonate market analysis, the varied applications of LAB and LAS across industries act as another propellant for market growth. In addition to its dominance in the detergent sector, LAS finds use in personal care products, especially in shampoos and hand washes. Its ability to remove oil and dirt effectively makes it a prized ingredient in the personal care segment. On the other hand, LAB, due to its stable nature, is often utilised in agricultural solvents and lubricating oils.

The cosmetic industry's increasing reliance on LAS has also been noteworthy. Capitalising on LAS's effective surfactant and emulsifying properties, cosmetic formulations are increasingly incorporating it, especially in products like liquid foundations and sunscreens.

Furthermore, the transition towards more sustainable and eco-friendly cleaning agents in both domestic and industrial segments is giving a substantial boost to the linear alkylbenzene and linear alkylate sulfonate market demand. As regulations become stricter and consumers more discerning, biodegradable products like LAS are anticipated to witness a surge in demand.

Market Segmentation

The linear alkylbenzene market can be divided based on application and region.

Market Breakup by Application

• Linear Alkylate Sulfonate
• Others

The linear alkylate sulfonate (LAS) market can be divided based on application and region.

Market Breakup by Application

• Laundry Detergents
• Dishwashing Detergents
• Industrial Cleaners
• Household Cleaners
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global linear alkylbenzene and linear alkylate sulfonate market. Some of the major players explored in the report by Expert Market Research are as follows:

• Sasol Limited
• Cepsa Quimica S.A
• Jin Tung Petrochemical Corp Ltd
• PetroChina Company Limited
• Deten Quimica S.A
• Sinopec Jinling Petrochemical Co Ltd
• PT Unggul Indah Cahaya Tbk
• Farabi Petrochemicals Co.
• ISU Group
• PetroChina Company Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.