Linear Alkyl Benzene Market Size 2020- Growth Rate, Analysis, Revenue, Market Share, Forecast To 2023

Market Insights
Commonly known as detergent alkylate, the Linear Alkylbenzenes (LAB) is an organic compound that is used as a chemical intermediate to create linear alkylbenzene sulfonate (LAS). LAS is used as a surfactant in cleaning products and detergents. A new report on the global linear alkyl benzene market, published by Market Research Future (MRFR), predicts that this market can see growth between 2018 and 2023.
The most crucial market driving factor for the global Linear Alkyl Benzene Market Size is its heavy use in various applications, low cost, and biodegradable nature. Increasing expansion, collaborations, or partnerships strategies among key market players can also boost market growth. Other factors contributing to the global linear alkyl benzene market growth include growing awareness about hygiene, growing preference for bio-based surfactants, and stringent regulations against the use of non-biodegradable dodecylbenzene sulfonate. However, volatile prices of raw material can hinder the market growth. Available alternatives to commonly used raw materials can also hurt market growth.
Key Players
  • Chevron Phillips Chemical Company
  • Clariant AG
  • Croda International PLC
  • Desmet Ballestra Group N.V
  • Deten Quimica S.A.
  • Hansa Group AG
  • Honeywell International Inc.
  • Huntsman International LLC
  • Indian Oil Corporation Ltd
  • Isu Chemical Company
  • Jingtung Petrochemical Corp. Ltd
  • PetroChina Company Limited
  • PT Unggul Indah Cahaya Tbk
  • Reliance Industries Limited.
  • Sasol Ltd.
Market Segmentation
The Global Linear Alkyl Benzene Market is segmented by application and region.
On the basis of the application, the global linear alkyl benzene market is segmented into linear alkylbenzene sulfonate (LAS) manufacturing and non-surfactant applications. LAS is sub-segmented based on applications into consumer cleaning products and industrial & commercial cleaners. Consumer cleaning products are further segmented based on product types into detergents, scouring products, soap, shampoo, and others.  Non-surfactants applications are segmented into agricultural herbicides, wetting agents, electric cable oil, ink solvents, paint industry, and others.
Regional Analysis
The Global Linear Alkyl Benzene Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. 
Asia Pacific accounted to be the largest and fastest growing market for linear alkyl benzene in 2017 and is expected to continue dominating over the forecast period, 2018-2023. Rapid industrialization & urbanization in emerging economies of Asia Pacific region is likely to witness strong demand for surfactants from household and industrial cleaning applications during the forecast period. Rising disposable income and growing awareness pertaining to hygiene are significantly contributing to the growth of the market during the forecast period. Furthermore, growing FMCG industry due to relaxed investment norms on account of FDI in India is also expected to widen the surfactant market with new technological innovations during the forecast period. Countries such as China, India, and South Korea are expected to contribute majorly to the growth of the market.
North America and Europe was the mature market for linear alkyl benzene in 2017 and is expected to show steady demand during the forecast period. Stringent regulations by the U.S. EPA against the use of non-biodegradable dodecylbenzene sulfonates is likely to boost the market growth for linear alkyl benzene owing to its non-biodegradable nature over the forecast period. High awareness pertaining to hygiene and high per-capita income are expected to largely augment the product demand for surfactant applications during the forecast period.
The Middle East and Africa is witnessing a rapid growth in the construction industry to flourish their tourism industry. Furthermore, linear alkyl benzene is likely to witness a strong demand in the region for household and commercial cleaning applications during the forecast period. Luxuries lifestyle and high disposable income are likely to support the market growth during the forecast period.
Latin America is expected to show moderate market growth owing to its poor economic condition, low consumer purchasing power, and a large drop in industrialization.
Browse key industry insights spread across 100 pages with 23 market data tables and 08 figures & charts from the report, “Linear Alkyl Benzene Market Information: By Application (Linear Alkylbenzene Sulfonates (Las) And Non-Surfactant Applications), And Region – Forecast Till 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/linear-alkyl-benzene-market-6074
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