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Linear Alkyl Benzene Market is Expected to Grow at a CAGR of 4% by 2030 | ChemAnalyst
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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
<p>Linear Alkyl Benzene Market</p>

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Linear Alkyl Benzene Market

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 fields.

Explore full report with table of contents: https://www.chemanalyst.com/industry-report/linear-alkyl-benzene-market-278 

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. 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. 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.

Request for a sample copy of this report:  https://www.chemanalyst.com/ChemAnalyst/RequestForm

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.

Report Scope:

In this report, The Linear Alkyl Benzene Market has been segmented into following categories, in addition to the industry trends which have also been detailed below

attribute

Details

Growth Rate

CAGR of 4% from 2022 to 2030

Base year for estimate

2021

Historical Data

2015 – 2020

Forecast period

2022 – 2030

Quantitative units

Demand in Thousand Tons and CAGR from 2022 to 2030

Report coverage

Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends

Segments covered

1. Application (Construction, Automotive, Machinery, Oil and Gas, Medical.)
2. End-Use (Laundry Detergents, Light-duty Dishwashing Liquids, Industrial Cleaners, Household Cleaners, and Others)
3. Distribution Channel (Direct/Indirect Sales )

Regional scope

North America; Europe; Asia-Pacific; South America; Middle East & Africa

Country scope

United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina

Key companies profiled

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.

Customization scope

Free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

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About ChemAnalyst

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to providing in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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