Increasing demand across various applications has led to the growth in the global linear alkyl benzene market. As LAB is widely used in detergents and cleaning agents, rising hygiene concerns among the consumers (in the wake of COVID-19 pandemic) is further expected to drive the demand over the forecast period. The global linear alkyl benzene (LAB) market is likely to ascend from USD 8,756.1 million in 2019 to USD 13,450.2 million by 2027, at a CAGR of 5.5% over the forecast period (2020-2027) according to QuantAlign Research.

Additionally, growing preference towards bio-based surfactants has further augmented the market growth. Conventional surfactants have phased out over time as they degrade slowly and have an adverse environmental impact. A surfactant derived from LAB, known as linear alkyl benzene sulfonate (LAS) has replaced traditional dodecylbenzene sulfonates owing to its ease of bio-degradability. Also, significant rise in the demand for industrial and household cleaning has increased the consumption of LAS based surfactants for home and personal care applications such as liquid dishwashing soaps and sanitization products.

Moreover, technological advancements along with next generation processes have led to the development of LAB with distinct properties, thereby widening its application scope. For instance, LAB is used as a fluid in underground electricity transmission cables and is also suitable for underwater cables. However, high volatility in the raw material prices may hinder the market growth. Also, LAB has been observed to have adverse effects on human health and environment as it is toxic and can contribute to the permeation of pollutants into aquatic animals.

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Global Linear Alkyl Benzene (LAB) Market Perspective, Demand Outlook, COVID-19 Impact, Trend Analysis By Application ( Surfactants, Non-Surfactants), By End Use and Industry Estimates 2020-2027 –  “https://quantalignresearch.com/global-linear-alkyl-benzene-market-report “

Key insights: 

• Surfactants segment accounted for the major share of the global market in 2019, and the trend is likely to continue over the coming years

• Heavy-duty laundry liquid segment dominated the market in 2019, while household cleaners segments is expected to ascend at the fastest CAGR during 2020-2027
• Asia-Pacific held the majority share of the global market in 2019, and is likely to witness significant growth over the forecast period

Key players operating in the market include Huntsman International LLC; Cepsa; Honeywell International Inc.; Indian Oil Corporation Ltd.; Desmet Ballestra; Farabi Petrochemicals Co.; S.B.K Holding; Sasol Limited; Reliance Industries Limited; Chevron Phillips Chemical Company; & SEEF Limited; among others.