Market Research Future (MRFR) has published a cooked research report on the “Global Linear Alkyl Benzene Market” that contains information from 2022 to 2030. The Global Linear Alkyl Benzene Market is estimated to register a CAGR of 4.3% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Global Linear Alkyl Benzene Market— Sasol Ltd, Clariant AG, Hansa Group AG, Croda International Plc, Honeywell International Inc, Desmet Ballestra Group N.V, Indian Oil Corporation Ltd, Reliance Industries Limited, Deten Quimica S.A., Huntsman International LLC, Chevron Phillips Chemical Company, PetroChina Company Limited, and ISU CHEMICAL.
Linear Alkyl Benzene Market Highlights
Global Linear Alkyl Benzene Market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 14.00 Billion by 2030.
Linear Alkyl Benzene (LAB) is a chemical compound primarily used in the production of biodegradable detergents, particularly household laundry detergents. It is derived from the alkylation process of benzene with long-chain linear olefins. LAB consists of a linear alkyl chain attached to a benzene ring, and the length of the alkyl chain typically ranges from C10 to C14 carbon atoms. LAB's linear structure makes it an ideal ingredient in detergent formulations because it offers excellent cleaning properties and biodegradability. Due to its low environmental impact and effectiveness in cleaning, LAB has become the dominant raw material for manufacturing biodegradable detergents, contributing significantly to the household and industrial cleaning products industry.
Segment Analysis
The Global Linear Alkyl Benzene Market has been segmented based on Application.
Based on Application, the market is segmented into Follicular Unit Linear Alkylbenzene Sulfonates and Non-Surfactant Applications. The Non-Surfactant Applications category dominates the Linear Alkyl Benzene market due to its extensive use in industrial applications such as lubricants, solvents, and additives in various industries.
Regional Analysis
The Global Linear Alkyl Benzene Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Linear Alkyl Benzene Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Linear Alkyl Benzene Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Linear Alkyl Benzene Market comprises of Middle East, Africa, and Latin America.
In Europe, the Linear Alkyl Benzene market secures the second-largest market share, driven by the increasing emphasis of the general population on cleanliness and hygiene. The market's growth is further supported by the rising consumer spending from emerging economies like Germany, the UK, and Italy. Additionally, advancements in the manufacturing sector contribute to increased market growth. Among the European countries, Germany's Linear Alkyl Benzene market holds the largest share, while the UK market exhibits the fastest growth in the region.
In the Asia-Pacific region, the Linear Alkyl Benzene Market is expected to hold the largest market share during the forecast period, primarily due to the rising demand from countries like China, India, and Japan for various cleaning products. Studies indicate a surge in sales of soap, washing powder, and synthetic detergents in the region. The growing consumption of industrial cleaners and a rapidly expanding industrial segment further contribute to the market's augmentation. Among the Asia-Pacific countries, China's Linear Alkyl Benzene market leads with the largest market share, while the Indian market experiences the fastest growth in the region.
Key Findings of the Study
- The Global Linear Alkyl Benzene Market is expected to reach USD 14.00 Billion by 2030, at a CAGR of 4.3% during the forecast period.
- During the forecast period, the Asia-Pacific Linear Alkyl Benzene Market is anticipated to dominate with the largest market share due to increasing demand from China, India, and Japan for a wide range of cleaning products. Studies reveal a notable uptick in sales of soap, washing powder, and synthetic detergent in the region.
- Based on the Application, the Market has been segmented into Non-Surfactant Applications holding the largest market in 2022.
- Sasol Ltd, Clariant AG, Hansa Group AG, Croda International Plc, Honeywell International Inc, Desmet Ballestra Group N.V, Indian Oil Corporation Ltd, Reliance Industries Limited, Deten Quimica S.A., Huntsman International LLC, Chevron Phillips Chemical Company, PetroChina Company Limited, and ISU CHEMICAL.
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Companies Covered | 15 |
Pages | 100 |
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