The new report by Expert Market Research titled, ‘Global Linear Alkylbenzene and Linear Alkylate Sulfonate Market Price, Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global linear alkylbenzene and linear alkylate sulfonate market, assessing the market based on its segments like applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Linear Alkylbenzene and Linear Alkylate Sulfonate Market Size, Share, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.0% (Global Linear Alkylbenzene (LAB) Market)
- Forecast CAGR (2023-2028): 3.0% (Global Linear Alkylate Sulfonate (LAS) Market)
The increasing application of linear alkylbenzene and linear alkylate sulfonate in the manufacture of detergents and cleaners is driving the market growth. The anticipated increase in the demand for surfactants from household, owing to the increasing disposable income and rapid urbanisation, is likely to accelerate the market growth.
Moreover, the market growth is likely to be driven by the increasing demand for industrial cleaners owing to the rising sanitation standards across various industries. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the rapid industrialisation across the emerging economies, such as India and China.
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Linear Alkylbenzene and Linear Alkylate Sulfonate Industry Definition and Major Segments
Linear alkylbenzene and linear alkylate sulfonate refers to a synthetic surfactant which contains salts of sulfonated alkylbenzenes and is utilised extensively in the industrial sector. This chemical compound is also used to prepare biodegradable surfactants, such as linear alkyl sulfonate (LAS). Moreover, the downstream products of this compound exhibit excellent stability and good industrial performance.
On the basis of application, the linear alkylbenzene market can be segmented into:
- Linear Alkylate Sulfonate
- Others
The major applications of linear alkylate sulfonate are as follows:
- Laundry Detergents
- Dishwashing Detergents
- Industrial Cleaners
- Household Cleaners
- Others
The regional markets for linear alkylbenzene and linear alkylate sulfonate include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Linear Alkylbenzene and Linear Alkylate Sulfonate Market Trends
The key trends in the linear alkylbenzene and linear alkylate sulfonate market include the thriving e-commerce industry, which is propelling the sales of laundry detergents and household cleaners. This, in turn, will bolster the supply and value chain of linear alkylbenzene and linear alkylate sulfonate. The stringent safety standards and government policies aimed towards maintaining the hygiene in commercial structures, including hotels, restaurants, and hostels, among others, are likely to be the crucial trends in the market.
Furthermore, the growing research and development activities in industries such as agriculture, are likely to generate significant demand for agricultural herbicides, which will therefore propel the demand for linear alkylbenzene and linear alkylate sulfonate.
Key Market Players
The major players in the market are 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, and PetroChina Company Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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