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Linear Alkyl Benzene (LAB) Market Size, Share, Key Players, Global Forecast to 2025 | Value Market Research

Jun 24, 2019

The Linear Alkyl Benzene (LAB) Market report has been designed to provide all the crucial information based on various parameter of the market such as size, share, growth path, current trend, restraints, and opportunity for the timeframe of 2018-2025. The report also renders market segmentation, regional assessment, and major player engaged in the industry along with their market share. To sum, this report has covered all the key point that will definitely help to understand the industry structure.

According to the global Linear Alkyl Benzene (LAB) Market report published by Value Market Research, the market is expected to touch USD 10,825.5 Million by 2024, with a CAGR of 5.5% growing from USD 7,980.7 Million in 2017.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the linear alkyl benzene (LAB) market includes Sasol, CEPSA Quimica S.A., Chevron Phillips Chemical, Deten Quimica, Fushun Petrochemicals, Honeywell, Huntsman Corporation, ISU Chemical, Jintung Petrochemical, Reliance Aromatics and Petrochemicals Pvt. Ltd, and Unggul Indah Cahaya. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The growing demand from the end users in the Asia Pacific market is driving the growth of the LAB market. Asia has emerged as a big consumer as well as a producer of LAB. This is due to its gradual shift towards synthetic detergents from soaps. The growth in the construction industry is another factor contributing to the development of this market. Increased demand for glass cleaners, rug cleaners, metal cleaners, home cleaners, and other industrial cleaners has been a propelling growth factor for LAB market. Owing to the high GDP growth rate and increase in disposable income of people in regions such as China, India, and Brazil, these developing regions are expected to be the major emerging segments in the LAB arena. Exponentially increasing population and growth in various industrial sectors have triggered the demand for cleaners used for various household and industrial purposes. LAS is a key derivative of LAB and is amongst the primary raw material used in the production of these cleaners. However, kerosene a derivative of crude oil is extensively used in the production of LAB. The volatile price of crude oil in the international market is a major restraint to this industry.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of linear alkyl benzene (LAB).

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Market Segmentation

The broad linear alkyl benzene (LAB) market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product

  • Linear Alkylbenzene Sulfonate (LAS)
  • Other

By LAS (Application)

  • Heavy-Duty Laundry Liquid
  • Laundry Powder
  • Light-Duty Dishwashing Liquid
  • Industrial Cleaner
  • Household Cleaner

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for linear alkyl benzene (LAB) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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