Press release
The Linear Alkylbenzene Sulfonate (LAS) Market Composites growth outlook with industry review and forecasts
Linear Alkylbenzene Sulfonate (LAS) Market size is poised to exceed USD 9 billion by 2024. Increasing product demand in manufacturing household detergents will be the major factor propelling the global linear alkylbenzene sulfonate market size over the estimated timeframe. The overall household detergents business is likely to exhibit gains more than 6% CAGR from 2016 to 2024 on account of increasing consumer lifestyles and awareness towards cleanliness. The product helps in removing stains from fabrics by reducing the water’s surface tension. In addition, it is widely used in various product range such as laundry powders & liquids, manual dishwashing liquids, soap bars and detergent tablets.Global Market Insights has a new study based report titled " Linear Alkylbenzene Sulfonate (LAS) Market Size By Application (Dish Washing Liquids, Household Detergents & Cleaners, Industrial Cleaners, Personal Care Products), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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Global linear alkylbenzene sulfonate (LAS) market size is positively influenced by increasing product demand in household detergents. The overall household detergents demand in 2015 was roughly around 30 million tons and is projected to exceed 50 million tons over the projected timespan. The product is an anionic surfactant and is majorly used in detergents. It offers characteristics such as reducing the surface tension of water, which helps in removing stains from fabrics and textiles caused by oily & fatty soil.
Upgrading consumer lifestyle dynamics accompanied with increasing disposable income has stimulated the demand for detergents in the recent years. This is turn will proliferate the global linear alkylbenzene sulfonate market share over the projected timeframe.
The Linear Alkylbenzene Sulfonate (LAS) Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Linear Alkylbenzene Sulfonate (LAS) Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Linear Alkylbenzene Sulfonate (LAS) Market Product Insights
5. Linear Alkylbenzene Sulfonate (LAS) Market Application Insights
Linear alkylbenzene sulfonate market share for household detergents & cleaners led the overall industry and accounted for more than 40% of the global business share in 2015. In addition, this application is likely to exhibit fastest growth over the forecast timeframe. Increasing awareness along with changing preference of consumer groups across the globe has significantly propelled the household detergents & cleaners demand over the past few years. The product gains focus in household detergents & cleaner application as a surfactant owing to its superior characteristics even at low concentrations.
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6. Linear Alkylbenzene Sulfonate (LAS) Market Regional Insights
Asia Pacific led the overall linear alkylbenzene sulfonate market share and accounted for over 40% of the overall volume in 2015. Improving consumer lifestyle dynamics, spending pattern and growing population has significantly propelled the demand for personal care products and household detergents in the region. Furthermore, rapid industrialization in the region along with regulatory norms for maintaining hygiene in the industries has stimulated the industrial cleaners. This is turn will boost the overall business size by 2024.
North America linear alkylbenzene sulfonate market size in 2015 was more than USD 850 million. Prevalence of massive customer base of personal care products, dish washing liquid and cleaners is analyzed to be the major factor driving the regional industry growth.
Europe linear alkylbenzene sulfonate market size is likely to observe gains close to 5% CAGR over the projected timespan. The regional growth rate is majorly influenced by robust dish washing cleaners and household detergents & cleaners demand. Additionally, prevalence of robust personal care product manufacturing and consumption in France, the UK and Germany will boost linear alkylbenzene sulfonate demand by 2024.
7. Competitor Profiles
The global linear alkylbenzene sulfonate market share is moderately consolidated due to presence of major large-scale product manufacturers. In addition, major industry share contributors captured roughly around half of the overall industry volume in 2015. Some of the industry share contributor includes BASF SE, Clariant Corporation, Hansa Group AG, Croda International, Rhodia SA, Huntsman Corporation, Stepan Company, Henkel AG & Co. KGaA, Galaxy Surfactants Ltd., Evonik Industries AG, DuPont and The Dow Chemical Company.
Major industry share contributors including BASF SE, Huntsman Corporation and The Dow Chemical Company have presence across multiple stages of the industry ecosystem, and thus hold a prominent chunk of the overall business. Additionally, other prominent product manufacturers including Clariant and Stepan Company are involved in R&D investments for new product development in order to achieve competitive advantage.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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