Industry Insights
Global Linear alkyl benzene (LAB) market has experienced a modest growth rate over the past few years. Increasing demand of commercial & household cleansing agents coupled with increasing population worldwide is expected to drive LAB market growth over the next six years. Increase in infrastructure activities especially in regions of Asia Pacific, is expected to fuel the demand for LAB over the forecast period. Heavy duty industrial cleaners, an end use product of LAB, finds a major application in infrastructure sector owing to its use in removal heavy dirt and cleaning of paintwork, vinyl or leather upholstery. Governmental imposed restrictions on use of non-biodegradable materials is expected to have a positive outlook on the market demand. Linear alkylbenzene sulfonate (LAS), a biodegradable derivative of LAB, is dominantly used in surfactant preparations. LAS are environmentally friendly and help detergents production in large volumes.
Browse Global Linear Alkyl Benzene (LAB) Market Report With Full TOC at: http://www.hexaresearch.com/research-report/linear-alkyl-benzene-market-analysis-segment-forecasts-2020/
Volatility in international crude oil prices may hamper the supply of LAB in domestic markets owing to the cut in production capacity by manufacturers. Increase in R&D activities for commercialization of new niche applications is expected to provide a key opportunity for LAB market growth. Global market is highly competitive and fragmented owing to the large number of industry participants operating domestically and internationally. Companies compete on the basis of price and applications in niche segments. Key industry participants in the market include CEPSA Quimica S.A., Chevron Phillips Chemical and Unggul Indah Cahaya.
Application Insights
LAB finds application in commercial and household sector. Increasing household cleaner demand is expected to be the fasted growing application segment. LAB is widely used based on...