Transparency Market Research published new
market report "Linear Alkyl Benzene (LAB) Market for Heavy-Duty Laundry
Liquids, Laundry Powders, Light-Duty Dish Washing Liquids, Industrial Cleaners
And Household Cleaners - Global Industry Analysis, Size, Share, Growth, Trends
And Forecast, 2012 - 2018, " according
to the report the global LAB market was valued at USD 6.2 billion in 2011 is
expected to reach USD 8.2 billion by 2018, growing at a CAGR of 4.3% from 2012
to. In terms of volume, the global consumption of LAB is expected to reach
4,043.3 kilo tons by 2018.
Browse the full report at http://www.transparencymarketresearch.com/linear-alkyl-benzene-market.html
The global market
for LAB has witnessed slow but steady growth during the past few years due to
the increasing demand for industrial and home cleaners. In addition, rising
demand from Asia Pacific region is another factor expected to contribute to the
growth of this industry. The volatile price of crude oil in the international
market has been remained major concern for the LAB manufacturers. Future growth
opportunity in this market is expected to stem from expansion of product
development and commercialization for niche applications.
Linear
Alkylbenzene Sulphonates (LAS) accounted for 97.9% share of the market in 2011
which is further segmented by its end user industries including heavy-duty
laundry liquids, laundry powders, light-duty dish-washing liquids, industrial
cleaners, and household cleaners. The market is expected to grow at a CAGR of
4.2% from 2012 to 2018 in terms of revenue. The other segment comprises of
niche applications of LAB namely ink solvents, agricultural herbicides, wetting
agents, emulsion polymerization, electric cable oil, and the paint industry.
The demand for LAB from the other applications is expected to grow at a CAGR of
4.8% from 2012 to 2018 in terms of volume.
Asia Pacific
dominated the global LAB market with a market share of 45.3% in 2011, followed
by North America and Europe. The Asia Pacific market in terms of revenue is
expected to grow at a CAGR of 4.6% from 2012 to 2018. The RoW region is
expected to be the fastest growing market for LAB owing to increasing demand
for detergents in the Middle East region. The region is expected to have a
market share of 20.2% by 2018 in terms of volume.
The market for
LAB is highly fragmented with numbers players accounting for similar market
share. Companies such as CEPSA Quimica, Deten Quimica, Unggul Indah Cahaya,
Fushun Petrochemicals, Jin Tung Petrochemicals, ISU Chemical, Huntsman
Performance Products, Chevron Phillips Chemical Company LP, Sinopec Jinling
-Petrochemical are among the key players in this industry.
LAB Market: Application
Analysis
- Linear
Alkylbenzene Sulfonate (LAS)
- Heavy-duty laundry
liquids
- Laundry powders
- Light-duty dishwashing
liquids
- Industrial cleaners
- Household cleaners
- Others (Agricultural herbicides, ink solvent,
emulsifying agent, anti hygroscopic additives, neutrino detectors, paint
industry and electric cable oil)
LAB Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World (RoW)
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