Market Size of Linear Alkyl Benzene (LAB) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.14 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Linear Alkyl Benzene Market Analysis
The Linear Alkyl Benzene Market size is estimated at 3.41 Million tons in 2024, and is expected to reach 3.98 Million tons by 2029, growing at a CAGR of 3.14% during the forecast period (2024-2029).
In 2020, the market was negatively impacted by the COVID-19 pandemic due to disruptions in supply chains and closures of various institutions/offices. However, the demand for LAB has increased for use in house cleaning products, considering the increased awareness of cleanliness and hygiene. The market recovered significantly in 2021, and it is expected to grow at the pre-COVID rate during the forecast period.
- Over the medium term, the growing demand for linear alkyl benzene sulfonic acid from the detergent and cleaning industry is expected to boost the market studied.
- However, increasing concerns over health issues, environmental regulations, and the emergence of substitutes are expected to hinder market growth.
- The growing demand for bio-based LAB is likely to act as an opportunity for the market during the forecast period.
Asia-Pacific is likely to dominate the market and witness the highest growth during the forecast period.
Linear Alkyl Benzene Industry Segmentation
Linear alkylbenzene (LAB) is a cost-effective and biodegradable intermediate in producing detergents and surfactants. LAB with appropriate chain length is predominantly used as a raw material to manufacture linear alkylbenzene sulphonic acid (LABSA) by reaction with sulfuric acid in the liquid phase or by sulfur trioxide in the gaseous phase.
The linear alkyl benzene (LAB) market is segmented by application and geography. By application, the market is segmented into surfactants (linear alkylbenzene sulfonate (LAS)) and other applications (solvents and paints)). The report also covers the size and forecasts for the linear alkyl benzene (LAB) market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done in terms of volume (kilotons).
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Linear Alkyl Benzene (LAB) Market Size Summary
The linear alkyl benzene (LAB) market is poised for steady growth over the forecast period, driven by its critical role in the production of linear alkyl benzene sulfonates (LAS), which are essential in the detergent and cleaning industries. The market experienced a downturn due to the COVID-19 pandemic, but has since rebounded, with demand bolstered by increased awareness of hygiene and cleanliness. The Asia-Pacific region is expected to lead the market, supported by robust manufacturing activities in countries like China, India, and Japan, where the demand for laundry detergents is on the rise. The region's dominance is further reinforced by government initiatives promoting health and hygiene, which have spurred the growth of the manufacturing sector and, consequently, the demand for LAB.
Despite the positive outlook, the market faces challenges from health and environmental concerns, as well as the emergence of substitutes. However, the growing interest in bio-based LAB presents a significant opportunity for market expansion. The market is characterized by a consolidated structure, with major players such as Cepsa, Sasol, and Indorama Ventures Public Limited leading the charge. Recent strategic moves, such as Farabi Petrochemicals' acquisition of a stake in Great Orient Chemical's LAB production facility in China, highlight the ongoing efforts to enhance production capabilities and meet the rising demand. As urbanization continues and consumer preferences shift towards eco-friendly products, the demand for LAB is expected to grow, particularly in Europe and other regions.
Linear Alkyl Benzene (LAB) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Linear Alkyl Benzene Sulfonic Acid from the Detergent and Cleaning Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Concerns Over Health Issues and Environmental Regulations
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1.2.2 Emergence of Substitutes
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Price Trend Analysis
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Surfactants
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2.1.1.1 Linear Alkylbenzene Sulfonate (LAS)
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2.1.2 Other Applications (Solvents and Paints)
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Malaysia
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2.2.1.6 Thailand
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2.2.1.7 Indonesia
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2.2.1.8 Vietnam
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2.2.1.9 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Spain
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2.2.3.6 NORDIC
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2.2.3.7 Turkey
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2.2.3.8 Russia
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2.2.3.9 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Colombia
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2.2.4.4 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Nigeria
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2.2.5.4 Qatar
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2.2.5.5 Egypt
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2.2.5.6 United Arab Emirates
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2.2.5.7 Rest of Middle East and Africa
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Linear Alkyl Benzene (LAB) Market Size FAQs
How big is the Linear Alkyl Benzene Market?
The Linear Alkyl Benzene Market size is expected to reach 3.41 million tons in 2024 and grow at a CAGR of 3.14% to reach 3.98 million tons by 2029.
What is the current Linear Alkyl Benzene Market size?
In 2024, the Linear Alkyl Benzene Market size is expected to reach 3.41 million tons.
