Linear Alkyl Benzene (LAB) Market Size, Status and Detailed Research Analysis 2020-2025

The report presents an in-depth assessment of the Global Linear Alkyl Benzene (LAB) including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Linear Alkyl Benzene (LAB) investments from 2020 till 2025.

The market for linear alkylbenzene (LAB) is expected to register a CAGR of around 3% during the forecast period. Major factors driving the market studied are the rise in demand for cleaners and increased shale gas production. However, increasing focus on environmental regulations is expected to hinder the growth of the market studied.

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Top Leading Manufactures-

Cepsa Quimica Becancour Inc. (Compania Espanola de Petroleos SAU), Farabi Petrochemicals Co., Formosan Union Chemical Corporation, HO TUNG CHEMICAL CORP., Huntsman Corporation, Indian Oil Corporation Ltd, ISU CHEMICAL, Jingtung Petrochemical Corp. Ltd, JXTG Nippon Oil & Energy Corporation, NIRMA Ltd, Quimica Venoco, Reliance Industries Limited, SBK HOLDING, Sasol, Tamilnadu Petroproducts Ltd

Market Scenario

Laundry Detergents to Dominate the Market

- Linear alkylbenzene sulfonate (LABS) is a colorless organic compound and an intermediate chemical, used mainly for the purpose of manufacturing household and industrial cleaning agents. LABS also enjoys a good demand from the detergent industry as its basic raw material.
- The applications of LABS include heavy-duty laundry liquids, light-duty dishwashing liquids, laundry powders, etc.
- Major detergent manufacturers prefer using LABS, owing to its cost-performance ratio and versatility nature. LABS is also considered as one of the safest anionic surfactants from human health and environmental point of view.
- Countries such as India, China,etc., are the leading manufacturer of laundry detergent.
- For instance, in recent times, India is one of the largest producers of soaps and detergents, globally. Government initiatives, such as the Swachh Bharat Mission, promote health and hygiene. Such initiatives, along with growing usage of soaps and detergent, have led to the growth of the manufacturing industry, which is further boosting the demand for LABS in the country.

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Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share and is likely to continue its dominance during the forecast period. With the growing personal care industry and increasing need for cleaners in countries, such as China, India, and Japan, the usage of linear alkylbenzene is increasing in the region.
- The market for the soap, washing powder and synthetic detergent industry in China has grown at an average annual rate of more than 10%, in the past six years, due to increasing awareness about hygiene and development in the liquid soap segment.
- China is becoming the largest market in terms of cosmetics and skincare products, globally. The beauty sector in the country has witnessed an average growth of over 5% in the past 10 years.

Competitive Landscape

The market for linear alkylbenzene is consolidated in terms of production capacity. The top five players account for more than 40% of the global market share. The major companies include Cepsa Qumica Bcancour, Ho Tung chemicals, Sasol, Huntsman International LLC, and Reliance Industries Limited.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: Global Linear Alkyl Benzene (LAB) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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