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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Linear Alkylbenzene and Linear Alkylate Sulfonate Market Share
There is a shift in consumer behaviour, who are increasingly opting for liquid detergents over powder detergents in countries such as North America, China, and Western Europe. Minimal quantity of HLAS is used in the production of liquid detergents, compared to powder, thus, the demand for HLAS, and as a result, LAB is expected to be influenced negatively in the laundry sector in the coming years. However, the demand for powder detergents is expected to be driven by regions such as Latin America, India, and Africa, which will support linear alkylbenzene and linear alkylate sulfonate demand growth. The oleochemical, methyl ester sulfonate (MES), LAB's essential alternative is not going to have any major impact on the LAB market in the forecast period, due to the low feedstock crude prices favouring the LAB market economics.
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Report Snapshots
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Size
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Growth
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Trends
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Share
Linear Alkylbenzene And Linear Alkylate Sulfonate Companies
Linear Alkylbenzene And Linear Alkylate Sulfonate Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global linear alkylbenzene and linear alkylate sulfonate market are projected to grow at a CAGR of nearly 3.5% in the forecast period of 2024-2032.
The major drivers of the market include the rising disposable incomes, increasing population, rapid industrialisation, rising demand for home and industrial cleaners, and the improved standard of living in emerging regions.
The rising demand from the home care sector and increasing preference for biodegradable surfactants are guiding the growth of the global linear alkylbenzene and linear alkylate sulfonate market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
Major application sectors in the market are linear alkylate sulfonate, among others.
The leading players in the market are Sasol Limited, Cepsa Quimica S.A, Jin Tung Petrochemical Corp Ltd, PetroChina Company Limited, Deten Quimica S.A, Sinopec Jinling Petrochemical Co Ltd, PT Unggul Indah Cahaya Tbk, Farabi Petrochemicals Co., ISU Group, and PetroChina Company Limited, among others.
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