The Linear Alkyl Benzene Market is expected to grow at a high CAGR of 5.4% during the review period. The growing global demand for detergents and cleaning products is driving the Linear Alkyl Benzene (LAB) market. LAB is the principal raw material used to manufacture Linear Alkylbenzene Sulfonate (LAS), one of the most often used surfactants in household and industrial cleaning solutions. The growing use of laundry detergents, dishwashing solutions, and surface cleansers in both home and commercial settings has greatly increased demand for LAB-based surfactants.
The demand for linear alkyl benzene (LAB) is predicted to rise as people become more aware of the need of cleaning and hygiene products. Increased sales of detergents and other cleaning products will benefit the market. The growing demand for bio-based LAB products, together with increased production of petroleum and petrochemicals, will expand the linear alkyl benzene market's footprint throughout the forecast period.
Market Segment Insights
The global alkyl benzene market is divided into four segments: purity, sales channel, application, and end use.
The Linear Alkyl Benzene market may be divided into two segments depending on application: linear alkylbenzene sulfonates and nonsurfactant applications.
Based on purity, the market is divided into two categories: above 98% and below 98%.
The market is divided into three sales channels: direct sales, indirect sales, and others. The market is divided into two segments based on application: surfactants and non-surfactants.
The market is divided into end-use segments such as laundry powder, dishwashing liquid, household cleaners, industrial cleaners, and others.
Regional insights
The Linear Alkyl Benzene market in Europe has the second-largest market share, owing to the general population's growing emphasis on cleanliness and hygiene. Emerging economies such as Germany, the United Kingdom, and Italy will strengthen their focus on consumer spending, allowing them to capture a larger portion of the market. Furthermore, advances in the manufacturing sector are projected to boost market growth.
The Asia-Pacific Linear Alkyl Benzene Market is estimated to have the greatest market share during the forecast period, driven by increased demand for cleaning products in China, India, and Japan.
For example, the India Linear Alkyl Benzene market is predicted to contribute a larger part of the Asia Pacific market. Consumer demand for personal care items is increasing, which will fuel the growth of India's linear alkyl benzene market.
Key Players
Sasol Ltd. (South Africa), Clariant AG (Switzerland), Hansa Group AG (Germany), Croda International Plc (UK), Honeywell International Inc (U.S.), Desmet Ballestra Group N.V. (Belgium), Indian Oil Corporation Ltd. (India), Reliance Industries Limited. (India), Fushun Petrochemicals, Unggul Indah Cahaya, and Deten Quimica are among the major players in the linear alkyl benzene market.
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