Linear Alkyl Benzene Market Forecast to 2023:
Linear
alkylbenzenes (LAB) is an organic compound with the molecular formula
C6H5CnH2n+1, which is also known as detergent alkylate. The LAB is extensively
used as a chemical intermediate to form linear alkylbenzene sulfonate (LAS),
which is used as a surfactant in detergents and cleaning products. Furthermore,
others applications include use in agricultural herbicides, emulsion
polymerization, wetting agents, electric cable oil, ink solvents, and
paints. The LAB is mainly produced from
n-paraffins, kerosene, and benzene. It
is widely preferred owing to its low cost and biodegradable nature, and
therefore it is extensively used as a replacement for dodecylbenzene sulfonate,
a non-biodegradable surfactant.
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Growing
awareness pertaining to hygiene is likely to boost the demand for detergents
& cleaners and thus positively impact the linear alkyl benzene market for
surfactant application over the forecast period. Rapid industrialization and
urbanization due to increasing population are also expected to contribute to
the market growth over the forecast period 2018-2023. Growing preference for
bio-based surfactants, particularly in developed economies owing to the
stringent regulations by EPA against the use of non-biodegradable
dodecylbenzene sulfonate is attributed to the growth of the global linear alkyl
benzene market over the forecast period.
The global
market for linear alkyl benzene is a lucrative and is expected to witness a
rising growth owing to the expansion, collaborations or partnerships strategies
adopted by key players. For instance, Indian Oil Corporation Limited of India
is planning to revamp the linear alkyl benzamine (LAB) project with the
investment of USD 4.2 million over the next five years. The aim is to improve
the refinery's energy performance as well as its ability to meet growing
regional demand and to equipment the plant with greater flexibility to avoid
future disruptions in the supply-demand scenario.
However,
volatile prices of raw material are likely to be a major restraint to this
industry. For instance, kerosene, a derivative of crude oil is extensively used
in the production of the LAB, which witnesses tremendous price fluctuation in
the international market. Hence, there remains a threat of losing market share
to other surfactants.
Competitive Analysis
ü
Sasol Ltd.
ü
Clariant
AG
ü
Hansa
Group AG
ü
Croda
International Plc
ü
Honeywell
International Inc
ü
Desmet
Ballestra Group N.V
ü
Indian Oil
Corporation Ltd
ü
Reliance
Industries Limited.
ü
Deten
Quimica S.A.
ü
Huntsman
International LLC
ü
Chevron
Phillips Chemical Company
ü
PetroChina
Company Limited
ü
ISU
CHEMICAL.
ü
Jingtung
Petrochemical Corp., Ltd
ü
PT Unggul
Indah Cahaya Tbk
Market Segmentation
The global linear alkyl benzene market is segmented by application and
region.
On the basis of the application, the global linear alkyl benzene market
is segmented into linear alkylbenzene sulfonate (LAS) manufacturing and
non-surfactant applications. LAS is sub-segmented based on applications into
consumer cleaning products and industrial & commercial cleaners. Consumer
cleaning products are further segmented based on product types into detergents,
scouring products, soap, shampoo, and others. Non-surfactants
applications are sub-segmented into agricultural herbicides, wetting agents,
electric cable oil, ink solvents, paint industry, and others.
Regional Analysis
The global linear alkyl benzene market is segmented into five regions
namely Asia Pacific, North America, Europe, Latin America, and the Middle East
and Africa.
Asia Pacific is expected to be the largest and fastest growing market
for linear alkyl benzene over the forecast period. Rapid industrialization
& urbanization, rising disposable income, growing awareness pertaining to
hygiene, and growing FMCG industry are the factors contributing to the growth of
the market during the forecast period.
North America and Europe are expected to show steady demand for linear
alkyl benzene during the forecast period. Developed awareness pertaining to
hygiene, high per-capita income, established FMCG industry, and stringent
regulations by the U.S. EPA against the use of non-biodegradable surfactants
are contributing to the market growth over the forecast period.
The Middle East and African regions are expected to exhibit rising
demand for linear alkyl benzene during the forecast period. Growing
construction industry on account of ongoing infrastructural activities to
flourish their tourism industry is expected to contributing to the strong
demand for surfactant and thus positively impact the linear alkyl benzene
market growth during the forecast period.
Latin America is expected to show the moderate demand for linear alkyl
benzene during the forecast period owing to the slow overall regional growth.
Intended Audience
- Linear
alkylbenzene manufacturers
- Traders and
distributors of linear alkylbenzene
- Research and
development institutes
- Potential
investors
- Raw material
suppliers
- Nationalized
laboratory
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