Linear Alkyl Benzene Market Overview
Linear Alkyl Benzene Market Size was valued at USD 10.5 billion in 2022. The Linear Alkyl Benzene market industry is projected to grow from USD 10.9 Billion in 2023 to USD 14.0 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period (2022 - 2030).
The latest research report from Market Research Future (MRFR) profiles the global linear alkyl benzene market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for Linear Alkyl Benzene Market growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global linear alkyl benzene market and gives readers a comprehensive analysis of the leading players in the global linear alkyl benzene market. The report also profiles the major drivers and restraints affecting the global linear alkyl benzene market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the linear alkyl benzene market is also assessed in the report.
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Linear alkyl benzene also has an advantage over other surfactants, in that it is biodegradable. This makes it highly beneficial for application in cleaning agents, which are increasingly being regulated over their impact on the environment. The biodegradability of linear alkyl benzene makes it perfect for use in detergents in a time when governments are actively promoting the use of environmentally viable surfactants. This is likely to remain a major driver for the global linear alkyl benzene market over the forecast period, as not many other surfactants are biodegradable, and most aren’t as ecologically viable as linear alkyl benzene. On the other hand, the high prices of petroleum and price fluctuations in the same are likely to be the important restraints on the global linear alkyl benzene market over the forecast period from 2022 to 2030.
Linear alkyl benzene is a surfactant widely used to produce detergents and other cleaning products. The growing urbanization in developing economies in Asia Pacific, South America, and Africa has been a major driver for the global linear alkyl benzene market over the last few years, as this has driven the demand for household cleaning agents in these regions. With the rising number of households and residential apartments, the demand for household cleaning agents such as detergents and floor cleaners has grown rapidly. This is likely to remain a major driver for the global linear alkyl benzene market over the forecast period.
Linear Alkyl Benzene Market Segmentation:
The global linear alkyl benzene market is segmented by application and region.
On the basis of the application, the global linear alkyl benzene market is segmented into linear alkylbenzene sulfonate (LAS) manufacturing and non-surfactant applications. LAS is sub-segmented based on applications into consumer cleaning products and industrial & commercial cleaners. Consumer cleaning products are further segmented based on product types into detergents, scouring products, soap, shampoo, and others. Non-surfactants applications are sub-segmented into agricultural herbicides, wetting agents, electric cable oil, ink solvents, paint industry, and others.
Linear Alkyl Benzene Market Regional Analysis:
Asia Pacific is the largest and fastest growing regional market for linear alkyl benzene and is likely to retain this position over the forecast period due to the growing urbanization in the region, which has led to a growing demand for cleaning agents and surfactants.
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Linear Alkyl Benzene Market Competitive Leader board:
Leading players in the global linear alkyl benzene market include PT Unggul Indah Cahaya Tbk, Jingtung Petrochemical Corp. Ltd., Isu Chemical, Petrochina Co. Ltd., Chevron Phillips Chemical Company, Huntsman International LLC, Deten Quimica SA, Reliance Industries Ltd., Indian Oil Corporation Ltd., Desmet Ballestra Group NV, Honeywell International Inc., Croda International plc, Hansa Group AG, Clariant AG, and Sasol Ltd. Major players in the global linear alkyl benzene market are likely to engage in production capacity expansion in the coming years in order to stay on top of the growing demand for linear alkyl benzene from urban areas around the world.
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