“Global Linear Alkyl Benzene Market to reach a market value of USD 10.4 Billion by 2030 growing at a CAGR of 4.2%”
The Global Linear Alkyl Benzene Market size is expected to reach $10.4 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,287.42 kilo tonnes, experiencing a growth of 3.4% (2019-2022).
Linear alkyl benzene serves as a key surfactant in laundry powders. Thus, the laundry powders segment acquired $2,984.78 million in 2022. Its structure allows it to effectively break down and remove dirt, stains, and grease from fabrics during the washing process. It exhibits high detergency, contributing to the overall cleaning power of laundry powders. It helps in the emulsification and suspension of soil particles, ensuring thorough cleaning of clothes. The use of LAB in laundry powders aligns with the market's goals of providing high-performance and sustainable cleaning solutions.
Ongoing research and development efforts focus on optimizing LAB production processes. Innovations in catalysts, reaction conditions, and process efficiency contribute to cost reduction and increased production yields, enhancing the overall competitiveness of LAB in the market. Innovation in LAB production aims to address environmental concerns. The development of more sustainable and eco-friendly production methods, with reduced energy consumption and waste generation, aligns with industry trends favoring green practices and regulatory requirements for cleaner manufacturing. Additionally, Higher disposable incomes give consumers more purchasing power, allowing them to spend on a wider range of products and services. This includes household and personal care items like detergents, where LAB-based cleaning products are crucial. Rising incomes often lead to a preference for higher-quality and more effective cleaning solutions. Furthermore, consumers are willing to pay for premium detergents that offer better performance, and LAB-based formulations are often associated with superior cleaning efficacy. With higher disposable incomes, consumers often value convenience and efficiency in household chores. They are more likely to invest in cleaning products, like LAB-derived detergents, that provide effective and time-saving cleaning solutions. Consumers might opt for more frequent use of detergents or laundry services, thereby increasing the consumption of LAB-based cleaning products. Hence, the rising disposable income is driving the growth of the market.
However, limited product differentiation in the LAB market can lead to a scenario where products become perceived as commodities. When LAB offerings from different manufacturers are similar in terms of specifications and applications, competition tends to be based primarily on price rather than unique features or value-added attributes. With little differentiation among LAB products, manufacturers may engage in intense price-based competition to gain market share. This can lead to lower profit margins for producers and may not incentivize investments in research and development or quality improvements. If a competitor or new entrant offers a product that meets industry requirements and provides additional benefits, it could pose a threat to the market share of traditional LAB products. In conclusion, lack of product differentiation is hampering the growth of the market.
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed the maximum revenue share in the market in 2022. The Asia Pacific has witnessed a notable surge in the demand for linear alkyl benzene, primarily driven by rapid urbanization, population growth, and rising disposable incomes in the region. As lifestyles evolve, consumers increasingly prioritize cleanliness and hygiene, fostering a heightened demand for effective laundry detergents. The expanding middle-class population, growing awareness of advanced cleaning solutions, and the prevalence of washing machines further contribute to the escalating demand for LAB.
Based on application, the market is bifurcated into linear alkylbenzene sulfonates (LAS) and others. The otheregment attained a substantial revenue share in the market in 2022. Linear alkyl benzene is used in industrial cleaning and degreasing products due to its surfactant properties. Automotive, manufacturing, and commercial cleaning industries often utilize LAB-based formulations for effective grease and oil removal. LAB derivatives serve as emulsifiers and lubricant additives in various industrial applications. They help stabilize emulsions and improve the lubricating properties of oils in automotive and industrial lubricants.
Free Valuable Insights: Global Linear Alkyl Benzene Market size to reach USD 10.4 Billion by 2030
The linear alkylbenzene sulfonates (LAS) segment is subdivided into heavy-duty laundry liquids, laundry powders, light-duty dish-washing liquids, industrial cleaners, and household cleaners. In 2022, the heavy-duty laundry liquids segment registered a considerable growth rate in the market. The demand for heavy-duty laundry liquids grows as consumers prioritize effective cleaning solutions that efficiently remove tough stains and maintain fabric quality. Manufacturers innovate to meet these demands, developing formulations that address heavy soiling while aligning with consumer preferences for convenience, efficiency, and fabric care.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 7.6 Billion |
| Market size forecast in 2030 | USD 10.4 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.2% from 2023 to 2030 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 277 |
| Number of Tables | 530 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, Region |
| Country scope |
|
| Companies Included | Sasol Limited, Cepsa Química, S.A. (CEPSA), Chevron Phillips Chemical Company LLC, Honeywell International, Inc., Huntsman Corporation, Reliance Industries Limited, PetroChina Company Limited (China National Petroleum Corporation (CNPC), Croda International PLC, ISU Chemical Co., Ltd., KPL International Limited |
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $10.4 billion by 2030.
Increasing innovation and product development are driving the Market in coming years, however, Insufficient product differentiation in linear alkyl benzene restraints the growth of the Market.
Sasol Limited, Cepsa Química, S.A. (CEPSA), Chevron Phillips Chemical Company LLC, Honeywell International, Inc., Huntsman Corporation, Reliance Industries Limited, PetroChina Company Limited (China National Petroleum Corporation (CNPC), Croda International PLC, ISU Chemical Co., Ltd., KPL International Limited
In the year 2022, the market attained a volume of 4,287.42 kilo tonnes, experiencing a growth of 3.4% (2019-2022).
The Asia Pacific region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $5.1 billion by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 