Linear Alkyl Benzene Market To Reach USD 12.69 Billion By 2027
Market Summary
The growing demand of the Linear Alkyl Benzene in the manufacture of Linear Alkyl Benzene Sulfonate and the increased application in heavy-duty laundry liquids will boost the market growth. Market Size – USD 8.82 Billion in 2019, Market Growth - CAGR of 4.67%, Market Trends – High demand in the food industry.
Market Summary Our Approach The global linear Alkyl Benzene market is forecast to reach USD 12.69 Billion by 2027, according to a new report by Reports and Data. Linear Alkyl Benzene is primarily used as a raw material in the production of linear Alkyl Benzene sulfonate (LAS), which is a surfactant employed in detergents. It is among the most extensively used ingredient in liquid and powder detergents. The increasing demand for industrial cleaners and household application of cleaners will help the Linear Alkyl Benzene market garner growth over the forecast period. The raw materials for LAB, which are kerosene and benzene, are supplied by significant petrochemical players such as ExxonMobil, Shell, and Sasol. Sasol and Chevron cut the supplier's cost by producing linear Alkyl Benzene. The growing value of personal care and hygiene in the Asia Pacific region will help the Linear Alkyl Benzene market gain massive demand due to the high population in the region. The rising number of viral and bacterial diseases will help in growing the demand for Linear Alkyl Benzene in the household cleaning sector.
Key participants include Cepsa, Deten Quimica S.A., Chevron Phillips Chemical Company, Honeywell International Inc, Huntsman International LLC., Reliance Industries Limited, Jingtung Petrochemical Corp., SASOL, Qatar Petroleum, and JXTG Nippon Oil & Energy Corporation, among others. To Get Sample Copy of Report visit: https://www.reportsanddata.com/sample-enquiry-form/3341
Market Summary Our Approach For the purpose of this report, Reports and Data have segmented into the global on the basis of nutritional components, form, end-use verticals, and region: Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027) Linear Alkyl Benzene Sulfonate (LAS) Non-Surfactant End-Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027) Heavy-duty laundry liquid Laundry powder Light-duty dish-washing liquid Industrial cleaners Household cleaners Other Click here to avail the report at an unbelievable discount rate: https://www.reportsanddata.com/discount-enquiry-form/3341
Market Summary Our Approach Further key findings from the report suggest •
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Linear Alkyl Benzene enjoys high demand from the Heavy-duty laundry liquids industry, which results in the industry holding a significant share in the Linear Alkyl Benzene market. The Linear Alkyl Benzene is used in the detergents on account of cost/performance ratio and versatile nature. LAB is regarded among the safest anionic surfactants and poses no threat to human health and the environment. Linear Alkyl Benzene is used in the manufacture of Linear Alkyl Benzene sulfonate, which is extensively used in the detergents and cleaners and is a biodegradable material. LAS can be produced in the powder also and does not affect enzyme stability. However, LAS is a very prevalent water pollutant and is observed to have been found in the skin of fish fingerlings. The Asia Pacific has registered a significant share and will be the fastest-growing region. India and China, due to their high population, have large amounts of heavy-duty laundering activities; this is expected to propel the Linear Alkyl Benzene market in the region. The growing personal care industry in China, Japan, and India will result in an extensive application of linear Alkyl Benzene.
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