The Global Linear Alkylbenzene Sulfonate (LAS) Market Was Valued At US$ 5,142.4 Million in 2016 and Is Expected To Reach US$ 8,326.0 Million By 2025
Increasing demand for linear alkylbenzene sulfonate (LAS) from household detergent is propelling the market growth. Growing hygiene awareness coupled with the advancement in the production of detergent is again expected to accelerate the market growth. Also, the integration of AI in IoT in washing machines is contributing to the industrial expansion. Ongoing research and development activities in the field of high-efficient laundry detergent is again projected to propel the market growth of linear alkylbenzene sulfonate (LAS). Increasing demand for dishwashing liquids along with the growing popularity of personal care products such as shampoo, creams, lotions, shower gels, and hair conditioners are further estimated to uplift the market growth in the near future.
In addition to this, the high demand for cleaners from various industries is projected to bring new and profitable opportunities for the linear alkylbenzene sulfonate (LAS) market over the forecast period. On the other hand, strict rules and regulation associated with the production and use of linear alkylbenzene sulfonate is expected to hinder the market growth.
From the geographical point of view, the Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to the increasing population coupled with the changing lifestyle of the consumers due to growing disposable income. According to the United Nation, the Asia and the Pacific region is home to 4.1 billion people or two-thirds of the world’s population. Also, rapid urbanization and industrialization in the region are further projected to propel the regional market growth of linear alkylbenzene sulfonate (LAS).
In June 2019, Spanish petrochemicals producer CEPSA has upgraded its chemical plant in Puente Mayorga (Cadiz, Spain), making it the first linear alkyl benzene (LAB) facility in the world to replace hydrofluoric (HF) technology with the Detal process.
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The global LAS market was valued at US$ 5,142.4 million in 2016 and is projected to register a CAGR of 5.5% in terms of revenue, over the forecast period (2017 – 2025).
BASF SE, Clariant Corporation, Rhodia SA, Hansa Group AG, Croda International, Huntsman Corporation, Henkel AG & Co. KGaA, Evonik Industries AG, Stepan Company, Galaxy Surfactants Ltd., DuPont and The Dow Chemical Company.
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