Growth in Awareness Pertaining to Hygiene Expected to Drive Global Linear Alkyl Benzene Market: Ken Research
Linear alkylbenzenes or LAB is abiological compound C6H5CnH2n+1, also known as detergent alkylate. It isprimarily produced from n-paraffin’s, kerosene, and benzene. It exhibits optimum optical transparency, high flash point, high light yield, and low radioactive impurities due to which it is also used in neutrino detectors. It is extensively preferred due to its low cost and biodegradable nature, and therefore it is widely used as a replacement for dodecylbenzene sulfonate, a non-biodegradable surfactant. LAB is widely used as a chemical intermediary to form linear alkylbenzene sulfonate (LAS), which is used as a surfactant in detergents & cleaning products. The applications of LAS are further divided into five subcategories: light-duty dishwashing liquids, heavy-duty laundry liquids, industrial cleaners, laundry powders and other generic household cleaners. Furthermore, some others applications include emulsion polymerization, wetting agents, use in agricultural herbicides, ink solvents, electric cable oil, and paints.
According to study, “Global Linear Alkyl Benzene Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global linear alkyl benzene market are CEPSA Group, Petro China Fushun Petrochemical Co., Jintung Petrochemical Corp. Ltd., Amreya Petroleum Refining Co., Reliance Industries Ltd., Chevron Phillips Chemical Co., Sasol Ltd., Chemische Fabrics WIBARCO, Bisotun Petrochemical, Gulf Farabi Petrochemicals, Deten Quimica, Formosan Union Chemical, EMALAB, Iran Chemical Industries Investment Co., Huntsman, LUKOIL Neftohim Burgas, Indian Oil, Nippon Petrochemicals, ISU Chemical, OHIS.
Based on type, linear alkyl benzene market is segmented into 95%-97% purity, 97.1%-99% purity, 99.1%-99.5% purity and above 99.5% purity. Based on application, market is segmented into surfactants, non-surfactants and others. Surfactants are further sub-segmented into Linear Alkylbenzene Sulfonate (LAS). Non-surfactants is further sub-segmented into paint industry, agricultural herbicides, electric cable oil, wetting agents, ink solvents, and others.In addition, based on end-user, market is segmented into laundry detergents, industrial cleaners, light-duty dishwashing liquids, household cleaners and others. Household cleaners segment is predicted to witness higher growth rate owing to growth in development and affluence in large tracts during the forecast period.
The linear alkyl benzene market is driven by rise in demand for cleaners, followed by increase in consumer spending, rise in regulatory policies and increase in preference towards bio-based surfactants. However, fluctuating prices of raw material may impact the market. Moreover, growth in demand from niche applications is a key trend for market.
Based on geography, the Asian-Pacific region holds major share in linear alkyl benzene market owing to rapid industrialization & urbanization, rise in awareness pertaining to hygiene, strong growth of end-user industries of LAB in developing economies, increase in disposable income and growth in Fast-moving consumer goods (FMCG) industry in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to stringent regulations by the U.S. and rise in use of non-biodegradable surfactants over the forecast period. In upcoming years, it is predicted that future of the market will be bright as a result of growth of construction industry because of ongoing infrastructural activities to flourish their tourism industry during the forecast period.
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Ankur Gupta, Head Marketing & Communications