Global Linear Alkyl Benzene Market Set to Grow with CAGR of 6.5% By 2026

Global linear alkyl benzene market is estimated to register a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to biodegradable properties and government regulations regarding environmental issue, rise in the demand of LAB in detergent industry and increase in the demand in personal care products

Linear alkyl benzene is an organic compound with carbon range typically between 10 and 16. LAB is highly used in biodegradable detergents and produce as an intermediate during the production of surfactants. LAB has been supported by the government and accepted as a raw material industrially and domestically due to its environmental friendly properties. LAB acts as an intermediate for the production of other important chemical compounds such as linear alkyl benzene sulfonic acid (LABSA).

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Competitive Analysis:

Global linear alkyl benzene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of linear alkyl benzene market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global linear alkyl benzene market are Cepsa, Deten Quimica S.A., Chevron Phillips Chemical Company, Honeywell International Inc, Huntsman International LLC., Reliance Industries Limited, Jingtung Petrochemical Corp., Ltd, SASOL, PT Unggul Indah Cahaya Tbk, Desmet Ballestra, Farabi Petrochemicals Co., S.B.K HOLDING, Indian Oil Corporation Ltd, Qatar Petroleum, JXTG Nippon Oil & Energy Corporation, ISU Chemical and others

Market Segmentation: Global Linear Alkyl Benzene Market

• By Application (Surfactants, Non-Surfactants)
• By End User (Laundry Powder, Heavy-Duty Laundry Liquid, Light-Duty Dish Washing Liquid, Household Cleaner, Industrial Cleaner, Others)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• Biodegradable properties and government regulations regarding environmental issue may act as a catalyst for the market growth
• Increase in the awareness among people regarding cleanliness would enhance the growth of the market
• Rise in the demand of linear alkyl benzene (LAB) in detergent industry might accelerate the growth of the market
• Increase in the demand in personal care products has driven the market growth

Market Restraints:

• Fluctuations in the prices of raw material might as a restraint to growth of this market
• Shifting preferences from powdered surfactants to liquids in heavy industry may hamper the market growth

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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