Linear Alkylbenzene Market Size, Share, Growth Analysis 2023

According to Precision Business Insights (PBI) latest report linear alkylbenzene market was valued at USD 10, 623.5 million in 2022, and is poised to grow at a significant 4.2% CAGR during the forecast period 2023 to 2029. Linear alkylbenzene is a synthetic anionic surfactant that is a widely used as industrial detergent. Its molecule is characterized by the hydrophilic and hydrophobic group making it a suitable ingredient in washing powder, detergents, oil soap, cleaning powder. Its straight chemical chain makes it biodegradable, non-toxic and adds to the environmental consciousness factor. According to a research article, linear alkylbenzene has also proved to be promising liquid scintillator use in neutrino detectors due to its properties of good optical transparency, high flash point, high light yield and a low number of radioactive impurities making it easier to handle. LAB is one of the largest synthetic surfactants by volume that has low cost, high performance and can be dried in a stable powder form. According to a research article, 83% to 87% of detergent, washing liquids and dish soap are of linear alkylbenzene. Adoption of biodegradable surfactants, awareness for cleanliness and hygiene, increase in demand for light-duty dishwashing liquid and heavy-duty laundry liquids, rapid industrialization and urbanization along with rapid economic development has resulted in the linear alkylbenzene market in the last few decades. Also, recently due to the spread of the Coronavirus and the adoption of programs like Swachh Bharat Abhiyan adopted by India and Water, Sanitation and Hygiene (WASH) by UNICEF has led to the increase in demand for LAB, thus increasing Linear Alkylbenzene market.

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The linear alkylbenzene is segmented based on end-user, application and by geography.

Based on the Application, the market is segmented into the following:
• Surfactants
• Personal Care
• Other

Based on the End-User, the market is segmented into the following:
• Industrial Cleaners
• Household Cleaners
• Launderer
• Agricultural Herbicide companies
• Other

Based on the Geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• Middle East & Africa

Linear alkylbenzene is one of the raw materials of the synthetic detergent industry. It is an ionic surfactant whose molecules are characterized by the presence of a hydrophilic and hydrophobic group. It is non-toxic in nature and its biodegradability is high because of the hydrophobic group of the surfactant. LAB detergents also exhibit low ecotoxicity properties. LAB is one of the largest synthetic surfactants in terms of volume because of its cost and high performance. The need of consumers for heavy-duty laundry detergent as well in households as at the industrial level has fuelled the market tremendously. It is considered as the safest detergent currently present in the market.

Moreover, LABs are also used in the manufacturing of oil soaps, and scouring bars, as a mercerizing and washing agent in the textile industry. Other than that, it has applications as a wetting agent, emulsifier for agricultural herbicides and emulsion polymerization. Afore mentioned factors are expected to fuel the Linear alkylbenzene market.

Asia Pacific Leads Linear alkylbenzene Market
The linear alkylbenzene market has been segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. Asia Pacific linear alkylbenzene is dominating the global market. China, India and Japan accounted to have a significant share in the linear alkylbenzene market and is expected to grow at a significant CAGR over the forecast years owing to the increasing awareness in hygiene and cleaning, rapid urbanization, industrialization and emerging economy. North America linear alkylbenzene market also has a significant growth following Asia Pacific and is expected to experience growth in upcoming years. An increase in health and hygiene awareness, shifting to a healthy lifestyle, increasing population, environmental awareness and increasing competition among big players has led to a tremendous rise in the linear alkylbenzene market. Thus, overall growth is expected for global linear alkylbenzene market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players

Linear alkylbenzene market further reveals that the key players increasingly adopting strategies such as the launch of newer products, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2023, Cepsa Química launched NextLab linear alkylbenzene - a high-performance detergent, the world's first sustainable LAB, reducing the carbon footprint.

In May 2021, Cepsa started a new linear alkylbenzene production plant, replacing hydrofluoric acid technology with detal technology.

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Key player's profiles in the linear alkylbenzene market are Cepsa (Spain), Sasol Limited (South Africa), Fushun Petrochemicals (China), Deten Quimica (Brazil), FARABI Petrochemicals Company (Saudi Arabia), Huntsman Corporation (US), Reliance Aromatics and Petrochemicals Pvt. Ltd. (India), Indorama Ventures Public Company Limited (US), Ho Tung Chemical Corp. (Taiwan), ISU Chemical (South Korea), LABIX Company Limited (Thailand), Jintung Petrochemical (China)

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