What is Global Linear Alkylbenzene (LAB) Market?
The Global Linear Alkylbenzene (LAB) Market is a vast and dynamic sector that plays a crucial role in the global economy. Linear Alkylbenzene, commonly known as LAB, is an organic compound that is primarily used in the production of detergents. The market for LAB is global in nature, with demand stemming from various industries across the world. The value of this market was estimated to be US$ 4322.4 million in 2023, and it is projected to reach US$ 4836.8 million by 2030. This growth is driven by the increasing demand for LAB in various applications, including laundry detergent, dish detergent, industrial cleaner, and others. The market's growth is also influenced by various factors such as technological advancements, increasing population, and changing consumer preferences.
HF Paraffins, AlCl3 Paraffins, Solid Catalyst-Detal, HF-Olefins in the Global Linear Alkylbenzene (LAB) Market:
The Global Linear Alkylbenzene (LAB) Market is segmented based on the type of paraffins used in the production process. These include HF Paraffins, AlCl3 Paraffins, Solid Catalyst-Detal, and HF-Olefins. HF Paraffins represent the largest share of the market, accounting for 71% of the total. This dominance can be attributed to the superior properties of HF Paraffins, such as high stability and excellent performance in various applications. On the other hand, AlCl3 Paraffins, Solid Catalyst-Detal, and HF-Olefins also hold significant shares in the market, owing to their unique characteristics and wide range of applications.
Laundry Detergent, Dish Detergent, Industrial Cleaner, Others in the Global Linear Alkylbenzene (LAB) Market:
The usage of LAB is widespread and varied. In the laundry detergent sector, LAB is used as a surfactant, which helps in the removal of dirt and stains from clothes. It is also used in dish detergents for its grease-cutting properties. In the industrial cleaner sector, LAB is used for its effective cleaning and degreasing capabilities. Other applications of LAB include its use in personal care products, agricultural chemicals, and others. The laundry detergent segment is estimated to be the largest end-use industry segment of the market, accounting for 69% of the global market.
Global Linear Alkylbenzene (LAB) Market Outlook:
The global Linear Alkylbenzene (LAB) market is a dynamic and competitive space. As of 2023, the market was valued at US$ 4322.4 million and is expected to reach US$ 4836.8 million by 2030, growing at a CAGR of 1.6% during the forecast period of 2024 to 2030. The largest share of the market is held by HF Paraffins, accounting for 71% of the global market. In terms of applications, the laundry detergent segment holds the largest share, accounting for 69% of the global market. The leading company in the industry is CEPSA, which holds about 16% of the global market.
| Report Metric | Details |
| Report Name | Linear Alkylbenzene (LAB) Market |
| Accounted market size in 2023 | US$ 4322.4 million |
| Forecasted market size in 2030 | US$ 4836.8 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | CEPSA, Sasol, ISU Chemical, Unggul Indah Cahaya, Indorama, ECHEM, Farabi Petrochemicals, Quimica Venoco, Reliance, Indian Oil, Tamilnadu Petroproducts, Nirma, Qatar Petroleum, LABIX (Thaioil Group), Iran Chemical Industries, Hansa Group, Formosan Union Chemical, Jinling Petrochemicals, Fushun Petrochemicals, Jintung Petrochemicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
