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Worldwide Linear Alkyl Benzene (LAB) Industry to 2026 – Laundry Detergents to Dominate the Market

Dublin, March 24, 2021 (GLOBE NEWSWIRE) — The “Linear Alkyl Benzene (LAB) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The Global Linear Alkyl Benzene Market was valued at 3,444 kilotons in 2020 and the market is projected to register a CAGR of less than 3{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} during the forecast period (2021-2026).Due to COVID-19, due to lockdown regulations and a deficient number of workers, the production in various chemical and other industries has decreased. However, Surfactant-based products, when used correctly, can help to stop the spread of the coronavirus infection. As a result, cleaning products and surfactant manufacturers have seen an increase in demand since the beginning of the year, as evidenced by their reported financial results. Oxiteno, a Brazilian manufacturer of surfactants and specialty chemicals reported improved sales and earnings in the first quarter of 2020. On average, sales revenue increased by 4.9 percent year on year. Over the medium term, a major factor driving the market studied is the rise in demand for cleaners. Surfactants are major applications for linear alkylbenzene sulphonate (LAS), which is a derivative of linear alkylbenzene (LAB). On the flip side, increasing focus on environmental regulations hinders the market growth. Environmental issues address certain key concerns that include toxicity, biodegradability, eutrophication, and lifecycle analysis. Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period. Key Market TrendsLaundry Detergents to Dominate the Market Linear alkylbenzene sulfonate (LABS) is a colorless organic compound and an intermediate chemical, used mainly for the purpose of manufacturing household and industrial cleaning agents. LABS also enjoys a good demand from the detergent industry as its basic raw material.The applications of LABS include heavy-duty laundry liquids, light-duty dishwashing liquids, laundry powders, etc.Major detergent manufacturers prefer using LABS, owing to its cost-performance ratio and versatility nature. LABS is also considered as one of the safest anionic surfactants from human health and environmental point of view.Countries such as India, China, etc., are the leading manufacturer of laundry detergent.For instance, in recent times, India is one of the largest producers of soaps and detergents, globally. Government initiatives, such as the Swachh Bharat Mission, promote health and hygiene. Such initiatives, along with growing usage of soaps and detergent, have led to the growth of the manufacturing industry, which is further boosting the demand for LABS in the country.Furthermore, the detergent industry of the United States includes around 630 establishments (single- and multi-location companies), with combined annual revenue of about USD 25 billion.In Germany the market for the soap and detergent manufacturing industry is dynamic, and the industry is known for strong product innovation, as the manufacturers compete to retain consumer interest.All the aforementioned factors are likely to increase the demand for linear alkylbenzene sulfonate over the forecast period. Asia-Pacific Region to Dominate the Market Asia-Pacific region dominated the global market share and is likely to continue its dominance during the forecast period. With the growing personal care industry and increasing need for cleaners in countries, such as China, India, and Japan, the usage of linear alkylbenzene is increasing in the region.The market for the soap, washing powder and synthetic detergent industry in China has grown at an average annual rate of over 13{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} in the past five years, due to increasing awareness about hygiene and development in the liquid soap segment. The increasing consumption of industrial cleaners in the country, supported by the rapid growth in the industrial segment, is expected to drive the market for linear alkylbenzene over the forecast period.Likewise, a growing number of consumers is stimulating the demand for personal care products, which, in turn, is driving the linear alkylbenzene (LAB) market in India.According to Department for Promotion of Industry and Internal Trade (India), for fiscal year 2019, the proposed investment value in India’s soaps, cosmetics, and toiletries sector was around INR 3.5 billion from January to December. These investments were made as part of the industrial entrepreneur memorandums, which were created to help businesses grow.The aforementioned factors are contributing to the increasing demand for linear alkyl benzene (LAB) consumption in the region, during the forecast period. Competitive LandscapeThe market for linear alkylbenzene is fragmented in terms of production capacity. The top five players account for more than 40{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of the global market share. The major companies include Cepsa Quimica Becancour, Ho Tung chemicals, Sasol, Huntsman International LLC, and Reliance Industries Limited, among others.Reasons to Purchase this report: The market estimate (ME) sheet in Excel format3 months of analyst support Key Topics Covered: 1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Rise in Demand for Cleaners4.1.2 Other Drivers4.2 Restraints4.2.1 Increasing Focus on Environmental Regulations4.2.2 Impact of COVID-19 on the Market4.3 Industry Value Chain Analysis4.4 Porter’s Five Forces Analysis4.4.1 Bargaining Power of Suppliers4.4.2 Bargaining Power of Buyers4.4.3 Threat of New Entrants4.4.4 Threat of Substitute Products and Services4.4.5 Degree of Competition4.5 Feedstock Analysis4.5.1 Global Capacity by Key Feedstock4.5.2 Trends4.6 Technological Snapshot4.6.1 Production Process4.6.2 Technology Licensing and Patent Analysis4.7 Trade Analysis4.8 Price Analysis4.9 Supply Scenario5 MARKET SEGMENTATION (Market Size by Volume)5.1 Application5.1.1 Surfactants5.1.1.1 Linear Alkylbenzene Sulfonate (LAS)5.1.2 Other Applications5.2 End-user Industry5.2.1 Laundry Detergents5.2.2 Light-duty Dishwashing Liquids5.2.3 Industrial Cleaners5.2.4 Household Cleaners5.2.5 Other End-user Industries5.3 Geography5.3.1 Asia-Pacific5.3.1.1 China5.3.1.2 India5.3.1.3 Japan5.3.1.4 South Korea5.3.1.5 Rest of Asia-Pacific5.3.2 North America5.3.2.1 United States5.3.2.2 Canada5.3.2.3 Mexico5.3.3 Europe5.3.3.1 Germany5.3.3.2 United Kingdom5.3.3.3 Italy5.3.3.4 France5.3.3.5 Rest of Europe5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Middle-East and Africa5.3.5.1 Saudi Arabia5.3.5.2 South Africa5.3.5.3 Rest of Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share Analysis6.3 Strategies Adopted by Leading Players6.4 Company Profiles6.4.1 Cepsa Quimica Becancour Inc. (Compania Espanola de Petroleos SAU)6.4.2 Farabi Petrochemicals Co.6.4.3 Formosan Union Chemical Corporation6.4.4 Ho Tung Chemical Corp.6.4.5 Indian Oil Corporation Ltd6.4.6 Indorama Ventures6.4.7 Isu Chemical Company6.4.8 Jingtung Petrochemical Corp. Ltd6.4.9 JXTG Nippon Oil & Energy Corporation6.4.10 NIRMA Ltd6.4.11 Quimica Venoco6.4.12 Reliance Industries Limited6.4.13 SBK Holding LLC6.4.14 Sasol Limited6.4.15 Tamilnadu Petroproducts Limited Ltd6.4.16 Stepan Company7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit https://www.researchandmarkets.com/r/ndw57m CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Pres
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