Linear Alkyl Benzene (Lab) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The linear alkyl benzene (LAB) market is expected to register a CAGR of less than 3% during the forecast period.
In 2020, the market was negatively impacted by the COVID-19 pandemic due to the disruption in supply chains, closures of various institutions/offices, and others. However, the demand for LAB has increased from housecleaning products, considering the increased awareness of cleanliness and hygiene. The market recovered significantly in 2021, and it is expected to grow with the pre-COVID rate during the forecast period.
Key HighlightsThe linear alkyl benzene (LAB) market is fragmented in terms of production capacity. The major companies (not in any particular order) in the market include Cepsa, Sasol Limited, Indorama Ventures Public Company Limited, Ho Tung Chemical Corp., and ISU Chemical, among others.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook