Albany, NY -- (SBWIRE) -- 12/02/2016 -- The global market for linear alkyl benzene (LAB) is witnessing steady growth on account of the rising demand for various types of cleansers across the world. The market is expected to maintain its pace owing to the increase in the demand for LAB from various end users. The easily biodegradable nature of LAB is the key factor behind this rising demand.

The global linear alkyl benzene market is analyzed on the basis of application and the regional distribution of the global market. Based on application, the market is broadly segmented into the markets for linear alkylbenzene sulphonate (LAS) and other applications. The linear alkylbenzene sulphonate segment is comprised of heavy-duty laundry liquids, household cleaners, laundry powders, light-duty dishwashing liquids, and industrial cleaners. Agricultural herbicides¸ emulsifying agent, ink solvent, anti-hygroscopic additives, paint, neutrino detectors, and electric cable oil are some other prominent application areas of linear alkyl benzene.

Regionally, the global linear alkyl benzene market is distributed among North America, Latin America, Europe, Asia Pacific, and the Rest of the World.

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This research study on the global market for linear alkyl benzene has been prepared taking various market dynamics, including growth drivers, restraints, and future prospects, into consideration. Each segment of this market has been analyzed in detail to come up with a clear picture of the global industry. The main objective of this research report is to assist market participants in understanding the current and upcoming trends in the market and create crucial strategies accordingly, for the expansion of their business.

Overview of the global linear alkyl benzene market

The global linear alkyl benzene market is rising due to the rising demand for cleaners. In 2011, the market stood at US$6,149 million in terms of market value. During the period from 2012 to 2018, the market is expected to report growth at a CAGR of 4.3%. In terms of volume, the market produced 3,391.6 kilo tons in 2011.

The linear alkylbenzene sulphonate (LAS) market is the key application of linear alkyl benzene, as it is used extensively in laundry powders, heavy-duty laundry liquids, industrial cleaners, household cleaners, and light-duty dishwashing liquids. Among these sub-segments, the heavy-duty laundry liquids market dominated the market in terms of volume as well as revenue in 2011. The demand for LAS from the heavy-duty laundry liquids market is likely to develop at a CAGR of 2.1% between 2012 and 2018.

Household cleaners are expected to be the fastest growing application segment of the LAB market for the next five years. Industrial cleaners constitute another important end-use industry for LAS, and thus LAB. Rapid economic development and industrial growth in emerging economies is expected to propel demand for industrial cleaners in the years to come.

Among regional markets, the linear alkyl benzene market in Asia Pacific led the global Industry in 2011. The robust growth of the end-use industries of LAB in emerging economies such as China and India, where linear alkyl benzene is significantly applied, is the major reason for the development of this regional market.

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Overall, the future of the global linear alkyl benzene is promising, except for some small hindrances caused by the instability of raw material prices.

Companies mentioned in the research report

Due to the huge base of participants in the market, the global linear alkyl benzene market is considered as a fragmented industry. South Africa-based Sasol is the leading enterprise in this industry, with a market share of 9%. Other prominent players in this market are Huntsman Corp., CEPSA Quimica S.A., Honeywell, Reliance Aromatics and Petrochemicals Pvt. Ltd., Deten Quimica, Chevron Phillips Chemical, Jintung Petrochemical, Unggul Indah Cahaya, ISU Chemical, and Fushun Petrochemicals.

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