The global linear alkyl benzene market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
Technavio has deployed its latest market research report on the global linear alkyl benzene market, under the specialty chemicals portfolio. This market analysis report discusses the major drivers and key emerging trends while offering an analysis on leading vendors like Clariant, Huntsman International, Indian Oil, Iran Chemical and CEPSA.
According to Ajay Adhikari, a lead analyst for specialty chemicals research at Technavio, “The growth of end-user industries such as detergents, soap bars, and home cleaners is one of the most significant drivers impacting the growth of the global linear alkyl benzene market. The ever-increasing need for high-performance products across all modern applications is driving the demand for surfactants, which also drives the demand for Linear Alkyl Benzene (LAB).”
Various companies are focusing on manufacturing high-performance materials, technological solutions, innovative applications, and product developments to maintain their positions in the market. For instance, Huntsman International launched a series of surfactant where LAB is utilized as a material. Some of their products are ALGENE, ALKADET, ALKANATE, BIONIC, ELTESOL, and EMPIGEN.
Growing demand from niche applications
LAB is mostly utilized to manufacture Linear Alkylbenzene Sulfonate (LAS). However, there are various other niche applications such as its use as a fluid in underground electricity transmission cables and underwater cables. The demand for LAB will be positively impacted by an increased use of such cables. They can also be utilized in large-scale liquid scintillator detectors due to its low toxicity, compatibility with acrylic, and high flash point. Therefore, an increased use of linear alkylbenzene in its niche applications may further drive the global LAB market.
Rising demand for bio-based surfactants
Due to the non-biodegradable nature and harmful effects of chemically synthesized surfactants, governments of various countries are trying to popularize the use of eco-friendly surfactants. Government regulations are mandating manufacturers to use eco-friendly raw materials in their manufacturing process. LAS, a surfactant derived from the LAB, is biodegradable and is used as a replacement for dodecylbenzene sulfonate. This is a major driver for the growth of the global linear alkyl benzene market.
This research report includes an in-depth analysis with market shares and sizes of the sub-segments and geography. An analysis of the key vendors, including their market shares, business overview, key financials, etc. is provided in this study as well. Also listed is a detailed analysis of key drivers, challenges, and opportunities influencing this dynamic market.
A more detailed analysis is available in the Technavio report titled, ‘Global Linear Alkyl Benzene Market 2017-2021’. Technavio also customizes reports based on different regions and specific segments upon request.
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