Linear Alkyl Benzene (LAB) Market Size

Statistics for the 2023 & 2024 Linear Alkyl Benzene (LAB) market size, created by Mordor Intelligence™ Industry Reports. Linear Alkyl Benzene (LAB) size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Linear Alkyl Benzene (LAB) Industry

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Linear Alkyl Benzene (LAB) Market Summary
Study Period 2019 - 2029
Market Volume (2024) 3.41 Million tons
Market Volume (2029) 3.98 Million tons
CAGR (2024 - 2029) 3.14 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Linear Alkyl Benzene (LAB) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Linear Alkyl Benzene Market Analysis

The Linear Alkyl Benzene Market size is estimated at 3.41 Million tons in 2024, and is expected to reach 3.98 Million tons by 2029, growing at a CAGR of 3.14% during the forecast period (2024-2029).

In 2020, the market was negatively impacted by the COVID-19 pandemic due to disruptions in supply chains and closures of various institutions/offices. However, the demand for LAB has increased for use in house cleaning products, considering the increased awareness of cleanliness and hygiene. The market recovered significantly in 2021, and it is expected to grow at the pre-COVID rate during the forecast period.

  • Over the medium term, the growing demand for linear alkyl benzene sulfonic acid from the detergent and cleaning industry is expected to boost the market studied.
  • However, increasing concerns over health issues, environmental regulations, and the emergence of substitutes are expected to hinder market growth.
  • The growing demand for bio-based LAB is likely to act as an opportunity for the market during the forecast period.

Asia-Pacific is likely to dominate the market and witness the highest growth during the forecast period.

Linear Alkyl Benzene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)