Press release
Linear Alkylbenzene Sulfonate Market to Witness Increase in Revenues By 2025
Linear alkylbenzenes sulfonate is proved to be an environmental-friendly compound, which carries largest share of surfactant as compare to others. Linear alkylbenzenes sulfonate are mainly used in the personal care products, owing to its viable characteristics such as emulsifying capabilities, excellent foam generation and cleansings. Ever-increasing consumer awareness for cleanliness, due to increasing health issues, aging population and lifestyle diseases, is driving the demand for the global linear alkylbenzenes sulfonate market and is expected to rise over the forecast period as LAS-resultant products are not harmful to humans and the environment.
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Global Linear Alkylbenzene Sulfonate Market: Dynamics
Changing lifestyle and shifting preference towards the environmental-friendly products have led to significant rise in the demand for linear alkylbenzene sulfonate-based personal care products and detergents. Increasing demand for detergents and cleaners in order to maintain hygiene standard has resulted into increase in demand for linear alkylbenzene sulfonate. Furthermore, industrial norms pertaining to the hygiene standard in the food & beverage, pharmaceutical, healthcare, chemicals and many other industries have led to increase in demand for detergents for industrial cleaning application, which subsequently results into increase in demand for the linear alkylbenzene sulfonate market. Moreover, rising consumer spending, improved lifestyle and increasing demand for personal care products across the globe help to increase the demand for linear alkylbenzene sulfonate. Apart from this, availability of alternative synthetic chemicals and pricing advantage over the linear alkylbenzene sulfonate-based products may hamper the growth of the market.
The global linear alkylbenzene sulfonate is mainly dominated by the Asia Pacific (APAC) region and is expected to boost the demand for linear alkylbenzene sulfonate over the forecast period, owing to increasing population coupled with growing lifestyle, increasing per capita expenditure and increasing demand for personal care products. Rapid urbanization, industrial growth and changing consumer preference towards environmental-friendly surfactant & detergents help to drive the linear alkylbenzene sulfonate market in APAC and is expected to register significant growth over the forecast period. North America is the second largest consumer market for the linear alkylbenzene sulfonate, and significant demand for personal care products and household detergent demand is in turn expected to drive the market over the forecast period. The presence of massive customer based in Europe, especially in Germany, U.K., France and other countries wherein the demand personal care products, dish washing liquids and cleaners is increased. Also, the government regulations pertaining to industrial hygiene maintenance have resulted into increase in demand for detergents and surfactants. Thus, the Europe linear alkylbenzene sulfonate market is expected to grow substantially over the forecast period. The Latin America and Middle East & Africa markets are expected to register slow growth over the forecast period.
Global Linear Alkylbenzene Sulfonate Market: Key player
Examples of some of the market participants in the global linear alkylbenzene sulfonate market identified across the value chain include: K.G. International, Inc., Parchem Fine & Specialty Chemicals, Enaspol A.S., Unger Fabrikker A.S., Compañía Española de Petróleos, S.A.U., KPL International Limited, Thai Oil Public Company Limited, Huntsman International LLC, Jingtung Petrochemical Corp., Ltd., S.B.K Holding, Farabi Petrochemicals Co., RICCA Chemical Company, Sinopec Jinling Petrochemical Co., Ltd., Wanjie International Co., Ltd., and Triveni Interchem Pvt. Ltd., among others
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