According to ChemAnalyst report, “Linear Alkyl Benzene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Linear Alkyl Benzene market witnessed a strong demand in the past five years and is projected to achieve a CAGR of 4% during the forecast period owing to its extensive utilization in the manufacturing of detergents, soaps bars, dishwashing liquids, Industrial as well as institutional cleaners and minor applications as solvent and binder in cable oil, ink industry, insulating, and electricity domains.
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Linear Alkyl Benzene is an organic compound mostly used as an intermediate in the production of surfactant linear alkylbenzene sulphonate (LAS), also known as linear alkylbenzene sulphonic acid (LABSA) which is the key ingredient for producing biodegradable detergents. About 90% of Linear Alkyl Benzene consumed globally is used for the production of detergents and cleaners for both household and industrial use. At present, UOP technology is one of the most cost-effective technology accessible therefore widely used method for the production of LAB (nearly 70%) and utilizes hydrogenated kerosene or normal paraffins as key raw materials. Almost majority of the Linear Alkyl Benzene produced is sulfonated to manufacture LABSA (Linear Alkyl Benzene Sulphonic Acid) which is the most economical surfactant available for use in detergent as well as oil soap formulations. Now, new modern technologies are being adopted by the manufacturers such as Detal Technology which not only are more efficient and sustainable processes but also optimize the use of raw material, electricity with the minimal emission and wastewater generation. Implementation of new technologies would be effective to increase the production and to meet the growing demand for biodegradable detergents in the upcoming years. new modern technologies are being adopted by the manufacturers such as Detal Technology which not only are more efficient and sustainable processes but also optimize the use of raw material, electricity with the minimal emission and wastewater generation. Implementation of new technologies would be effective to increase the production and to meet the growing demand for biodegradable detergents in the upcoming years. new modern technologies are being adopted by the manufacturers such as Detal Technology which not only are more efficient and sustainable processes but also optimize the use of raw material, electricity with the minimal emission and wastewater generation. Implementation of new technologies would be effective to increase the production and to meet the growing demand for biodegradable detergents in the upcoming years.
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COVID-19 Impact:
With the sudden outbreak of COVID-19, a strong boost in the demand for industrial and household cleaners has been perceived as the pandemic shifted consumer preference strongly towards healthcare and hygiene related products. Giant manufacturers of detergent as well as cleaners across the globe such as Procter & Gamble, Hindustan Unilever (HUL) and many others have reported strong quarterly earnings due to robust demand of detergents and household cleaners amid the Covid. To maintain hygienic conditions amidst Covid pandemic, there is a huge consumption of detergents and cleaners for washing clothes thereby, a continuous incline is witnessed in the market for detergents and cleaners. Moreover, governments listed health and hygiene products under the category of essential items therefore, the majority of LAB and LABSA manufacturers remained largely operational despite lockdowns. It is expected that burst in the global demand as several economies ramp up their manufacturing units to cater to the exponential rise in consumer demand would further accelerate the market growth in the forecast period.
Regional Outlook:
Region wise, Asia pacific holds the major share of global demand for Linear Alkyl Benzene market, due to the largest consumption of Linear Alkyl Benzene from China and India. Increased urbanization and government initiatives to promote better health and hygiene practices are likely to drive the surge in the demand for detergent. Chennai base TPL has announced to invest 240 crores for increasing its capacity from 120,000 to 145,000 tons per annum. CEPSA, one of the largest producers of Linear Alkyl Benzene is going to expand its capacity up to approximately 2 lakh tons per annum at Puente Mayorga, Spain which will enhance its total capacity up to 6 million tons / annum that consequently going to fuel its market in Europe in the forthcoming years.
Major Players:
- CEPSA Quimica SA
- Deten Quimica
- Fushun Petrochemical Company
- Chevron Phillips Chemicals
- Honeywell
- Arabian Petrochemical Company
- Huntsman Corporation
- Reliance Industries Limited
- Jingtung Petrochemical Corp.
- Indian Oil Corporation Ltd etc.
“Being directly linked to the FMCG industry, The Linear Alkyl Benzene Market is expected to move in tandem with the population growth and growing consumer sophistication. With rising concerns over cleanliness and personal hygiene, government led various campaigns to promote wellness, well-being and welfare (WWW) of the citizens to reach Sustainable Development Goal (SDG), targeting universal water, sanitation and hygiene for all by 2030 would further support the market growth in the forecast period. Moreover, there is a trajectory rise in the demand for detergents and cleaners amid Covid crisis also expands its market across the globe and further expected to grow in the future. All these factors are likely to propel the Linear Alkyl Benzene market growth in the forecast period. With new competitors emerging across the Asian Linear Alkyl Benzene market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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The Global Linear Alkyl Benzene (LAB) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Geography – Asia PacificFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global Linear Alkyl Benzene (LAB) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10142-linear-alkyl-benzene-lab-market-reportThe report also covers the complete competitive landscape of the global Linear Alkyl Benzene (LAB) market with company profiles of key players such as:SasolCEPSA Quimica S.A.Chevron Phillips ChemicalDeten QuimicaFushun PetrochemicalsHoneywellHuntsman CorporationISU ChemicalJintung PetrochemicalReliance Aromatics and Petrochemicals Pvt.
LtdUnggul Indah CahayaA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Applications:Heavy-Duty Laundry LiquidLaundry PowderLight-Duty Dish-Washing LiquidIndustrial CleanerHousehold CleanerOtherBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Linear Alkyl Benzene (LAB) Market @ https://www.decisiondatabases.com/contact/download-sample-10142The Global Linear Alkyl Benzene (LAB) Market has been exhibited in detail in the following chapters –Chapter 1 Linear Alkyl Benzene (LAB) Market PrefaceChapter 2 Executive SummaryChapter 3 Linear Alkyl Benzene (LAB) Industry AnalysisChapter 4 Linear Alkyl Benzene (LAB) Market Value Chain AnalysisChapter 5 Linear Alkyl Benzene (LAB) Market Analysis By ApplicationsChapter 6 Linear Alkyl Benzene (LAB) Market Analysis By GeographyChapter 7 Competitive Landscape Of Linear Alkyl Benzene (LAB) CompaniesChapter 8 Company Profiles Of Linear Alkyl Benzene (LAB) IndustryPurchase the complete Global Linear Alkyl Benzene (LAB) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10142Other Reports by DecisionDatabases.com:Global Nitrobenzene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Ethylbenzene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Chlorobenzene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
