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Linear Alkyl Benzene Market Size, Share to Grow at a CAGR of 4.36% by 2032 | ChemAnalyst
The Linear Alkyl Benzene (LAB) market is anticipated to reach approximately 6500 thousand tonnes, at an expected CAGR of 4.36% during the forecast period by 2032.
Linear Alkyl Benzene (LAB) is an organic compound. LAB has the chemical formula as C6H5CnH2n+1. The value of n generally lies between 10 and 16. LAB is employed to manufacture Linear Alkylbenzene Sulfonate (LAS), a biodegradable surfactant. LAS is widely used in producing household detergents, institutional cleansers, and commercial cleaners.
The global market for linear alkyl benzene (LAB) is primarily being driven by an increase in the overall consumption of LAB for the production of Linear Alkylbenzene Sulfonate (LAS). One of the most common anionic surfactants in detergents like washing powders and dishwashing solutions is linear alkylbenzene sulfonates (LAS). About 90% of LAB consumed globally is used for the production of LAS to produce laundry detergents, dishwashing liquids, industrial cleaners, and household cleaners. The LAB market is anticipated to expand, supported by reasons such as rising urbanisation, increasing levels of washing machine ownership among consumers, and rising family incomes.
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The global Linear Alkyl Benzene (LAB) market is segmented on end-use, sales channel, and region. Based on region, Asia Pacific is the largest consumer of the global Linear Alkyl Benzene (LAB) market. In 2021, this region consumed approximately 50% of the global Linear Alkyl Benzene (LAB). Europe and North America stand next in the line after the Asia Pacific region as the consumers of Linear Alkyl Benzene (LAB). Moreover, Asia Pacific is dominating the Global Linear Alkyl Benzene (LAB) market in terms of production, with China and India ahead in the market.
Major Players are Cepsa Corporation, Sasol, Ho Tung Chemical Corp., Isu Chemical Co., Reliance Industries Ltd., FARABI Petrochemicals Company, PT Unggul Indah Cahaya Tbk (UIC), Tamilnadu Petroproducts Limited, Indian Oil Corporation Ltd, and LABIX Company Limited.