Linear Alkyl Benzene (LAB) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Application (Surfactants and Other Applications), End-user Industry (Laundry Detergents, Light-duty Dishwashing Liquids, Industrial Cleaners, Household Cleaners, and Other End-user Industries), Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for linear alkylbenzene (LAB) in Volume (kilotons) for all the above segments.

Market Snapshot

Linear Alkyl Benzene (LAB) Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

<3 %

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Market Overview

The Global Linear Alkyl Benzene Market was valued at 3,444 kilotons in 2020 and the market is projected to register a CAGR of less than 3% during the forecast period (2021-2026).

Due to COVID-19, due to lockdown regulations and a deficient number of workers, the production in various chemical and other industries has decreased. However, Surfactant-based products, when used correctly, can help to stop the spread of the coronavirus infection. As a result, cleaning products and surfactant manufacturers have seen an increase in demand since the beginning of the year, as evidenced by their reported financial results. Oxiteno, a Brazilian manufacturer of surfactants and specialty chemicals reported improved sales and earnings in the first quarter of 2020. On average, sales revenue increased by 4.9 percent year on year.

  • Over the medium term, a major factor driving the market studied is the rise in demand for cleaners. Surfactants are major applications for linear alkylbenzene sulphonate (LAS), which is a derivative of linear alkylbenzene (LAB).
  • On the flip side, increasing focus on environmental regulations hinders the market growth. Environmental issues address certain key concerns that include toxicity, biodegradability, eutrophication, and lifecycle analysis. 
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the Report

The linear alkyl benzene market is segmented by application, end-user industry, and geography. By application, the market is segmented into surfactants and other applications such as solvents and paints. By end-user industry, the market is segmented into laundry detergents, light-duty dishwashing liquids, industrial cleaners, household cleaners, and other end-user industries. The report also covers the market size and forecasts for the Linear Alkyl Benzene (LAB) Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Application
Surfactants
Linear Alkylbenzene Sulfonate (LAS)
Other Applications
End-user Industry
Laundry Detergents
Light-duty Dishwashing Liquids
Industrial Cleaners
Household Cleaners
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Laundry Detergents to Dominate the Market

  • Linear alkylbenzene sulfonate (LABS) is a colorless organic compound and an intermediate chemical, used mainly for the purpose of manufacturing household and industrial cleaning agents. LABS also enjoys a good demand from the detergent industry as its basic raw material.
  • The applications of LABS include heavy-duty laundry liquids, light-duty dishwashing liquids, laundry powders, etc.
  • Major detergent manufacturers prefer using LABS, owing to its cost-performance ratio and versatility nature. LABS is also considered as one of the safest anionic surfactants from human health and environmental point of view.
  • Countries such as India, China, etc., are the leading manufacturer of laundry detergent.
  • For instance, in recent times, India is one of the largest producers of soaps and detergents, globally. Government initiatives, such as the Swachh Bharat Mission, promote health and hygiene.  Such initiatives, along with growing usage of soaps and detergent, have led to the growth of the manufacturing industry, which is further boosting the demand for LABS in the country.
  • Furthermore, the detergent industry of the United States includes around 630 establishments (single- and multi-location companies), with combined annual revenue of about USD 25 billion.
  • In Germany the market for the soap and detergent manufacturing industry is dynamic, and the industry is known for strong product innovation, as the manufacturers compete to retain consumer interest.
  • All the aforementioned factors are likely to increase the demand for linear alkylbenzene sulfonate over the forecast period.
Linear Alkyl Benzene (LAB) Market - Segmentation Trend

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share and is likely to continue its dominance during the forecast period. With the growing personal care industry and increasing need for cleaners in countries, such as China, India, and Japan, the usage of linear alkylbenzene is increasing in the region.
  • The market for the soap, washing powder and synthetic detergent industry in China has grown at an average annual rate of over 13% in the past five years, due to increasing awareness about hygiene and development in the liquid soap segment. The increasing consumption of industrial cleaners in the country, supported by the rapid growth in the industrial segment, is expected to drive the market for linear alkylbenzene over the forecast period.
  • Likewise, a growing number of consumers is stimulating the demand for personal care products, which, in turn, is driving the linear alkylbenzene (LAB) market in India.
  • According to Department for Promotion of Industry and Internal Trade (India), for fiscal year 2019, the proposed investment value in India's soaps, cosmetics, and toiletries sector was around INR 3.5 billion from January to December. These investments were made as part of the industrial entrepreneur memorandums, which were created to help businesses grow.
  • The aforementioned factors are contributing to the increasing demand for linear alkyl benzene (LAB) consumption in the region, during the forecast period.
Linear Alkyl Benzene Market - Regional Trend

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Competitive Landscape

The market for linear alkylbenzene is fragmented in terms of production capacity. The top five players account for more than 40% of the global market share. The major companies include Cepsa Química Bécancour, Ho Tung chemicals, Sasol, Huntsman International LLC, and Reliance Industries Limited, among others.

Recent Developments

  • In June 2019, Spanish petrochemicals producer CEPSA is upgrading its chemical plant in Puente Mayorga (Cadiz, Spain), making it the first linear alkyl benzene (LAB) facility in the world to replace hydrofluoric (HF) technology with the Detal process.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rise in Demand for Cleaners

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Focus on Environmental Regulations

      2. 4.2.2 Impact of COVID-19 on the Market

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

      1. 4.5.1 Global Capacity by Key Feedstock

      2. 4.5.2 Trends

    6. 4.6 Technological Snapshot

      1. 4.6.1 Production Process

      2. 4.6.2 Technology Licensing and Patent Analysis

    7. 4.7 Trade Analysis

    8. 4.8 Price Analysis

    9. 4.9 Supply Scenario

  5. 5. MARKET SEGMENTATION (Market Size by Volume)

    1. 5.1 Application

      1. 5.1.1 Surfactants

        1. 5.1.1.1 Linear Alkylbenzene Sulfonate (LAS)

      2. 5.1.2 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Laundry Detergents

      2. 5.2.2 Light-duty Dishwashing Liquids

      3. 5.2.3 Industrial Cleaners

      4. 5.2.4 Household Cleaners

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cepsa Quimica Becancour Inc. (Compania Espanola de Petroleos SAU)

      2. 6.4.2 Farabi Petrochemicals Co.

      3. 6.4.3 Formosan Union Chemical Corporation

      4. 6.4.4 Ho Tung Chemical Corp.

      5. 6.4.5 Indian Oil Corporation Ltd

      6. 6.4.6 Indorama Ventures

      7. 6.4.7 Isu Chemical Company

      8. 6.4.8 Jingtung Petrochemical Corp. Ltd

      9. 6.4.9 JXTG Nippon Oil & Energy Corporation

      10. 6.4.10 NIRMA Ltd

      11. 6.4.11 Quimica Venoco

      12. 6.4.12 Reliance Industries Limited

      13. 6.4.13 SBK Holding LLC

      14. 6.4.14 Sasol Limited

      15. 6.4.15 Tamilnadu Petroproducts Limited Ltd

      16. 6.4.16 Stepan Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Linear Alkyl Benzene (LAB) Market market is studied from 2016 - 2026.

The Linear Alkyl Benzene (LAB) Market is growing at a CAGR of <3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • Cepsa Química Bécancour
  • Sasol
  • Reliance Industries Limited
  • Ho Tung Chemical Corp.

Are the major companies operating in Linear Alkyl Benzene (LAB) Market.

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