London, 23 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the global LAS market 2015-2019, which is expected to post a CAGR of 4.87% during the period 2014-2019.
“The market in the Middle East has recently been experiencing a significant increase in LAS demand, because of the growing adoption of detergents in the region,” says Faisal Ghaus, Vice President of Technavio.
“This adoption has been augmented by a shift in consumer preference from traditional cleaners such as soaps to powder detergents.”
Key Market Drivers
- Demand for commercial and household cleaners
- Restrictions on dodecylbenzenesulfonate use
- Elevated demand in BRIC countries
Key Market Trends
- Emergence of APAC as major consumer
- Dearth of demand for LAS in Europe
- Increased demand and capacity in MEA
Key Market Vendors
- CEPSA Group
- Huntsman International
- Indian Oil Corp. Ltd.
- Jintung Petrochemical Corp. Ltd.
- PetroChina Fushun Petrochemical Co.
- Reliance Industries Ltd.
- Sasol Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
