H1 2023: During H1 2023, major producers of Linear Alkyl Benzene (LAB) were Cepsa Corporation, Sasol, Ho Tung Chemical Corp., and Isu Chemical Co. However, Cepsa Corporation held the largest production capacity of LAB across the globe in H1 2023. In June 2023, Farabi Petrochemicals Company, a leader LAB-producer of Saudi Arabia revealed about acquiring 50% shares of Great Orient Chemical Pte. Ltd. Great Orient Chemical Pte. Ltd. owns Great Orient Chemical Taicang Co. Ltd. (GOCT) which has its LAB-production site at Taicang, China. By the means of this 50% acquisition, Farabi entered the Chinese LAB market with the aim to expand its reach in the homecare detergents by the means of producing LAB. Based on consumption rate, Asia Pacific was leading across the globe in H1 2023. The market value of LAB also rose exponentially across the Asian nations in the first half of H1 2023. There was a continuous hike in the LAB prices in the Chinese market was due to its high demand in the country's downstream laundry industry. The feedstock benzene prices rose, which pushed Chinese LAB prices higher till April 2023. However, May and June saw a decline in LAB prices in Asia. The lackluster demand from the downstream surfactant industries was the main cause of the fall in prices. The Asia Pacific region saw a decline in prices due to the slow Chinese economy and low market sentiment.
The global Linear Alkyl Benzene (LAB) market has expanded remarkably to reach approximately 4000 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.38% during the forecast period until 2032. Indian Oil Corporation (IOC) has announced the expansion of Gujarat Refinery, which will significantly increase the company's production capacity of LAB. The capacity of its LAB unit will grow from 20 thousand tonnes per annum to 160 thousand tonnes per annum as a result of this expansion, which is anticipated to be finished by September or October of the year 2024.
Linear Alkyl Benzene (LAB) is an organic compound primarily used as an intermediate in the production of surfactant linear alkylbenzene sulphonate (LAS), also known as linear alkylbenzene sulphonic acid (LABSA) which is the key ingredient for producing biodegradable detergents. LAB is consumed chiefly globally and is used to produce laundry detergents, light-duty dishwashing liquids, industrial cleaners, household cleaners, and other applications.
Based on demand across the globe, the Asia Pacific is the biggest consumer of Linear Alkyl Benzene (LAB). This region accounted for a demand of approximately 50% of the global Linear Alkyl Benzene (LAB) in 2022. Increased urbanization and government initiatives to promote better health and hygiene practices will most likely drive increased demand for laundry detergent. Moreover, increased investments across the detergents and other cleaning chemicals sector, looking at the rising penetration across the rural sectors, would further boost the LAB demand in the forecast period. Europe is the second largest consumer of global Linear Alkyl Benzene (LAB). Although, Asia Pacific is also taking the lead as a producer of LAB amongst all the other regions, with China and India as the leading countries.
Based on end-uses, the global Linear Alkyl Benzene (LAB) market is segregated into Linear Alkylbenzene Sulfonate (LAS) and Others. Linear Alkylbenzene Sulfonate (LAS) industry dominates the Linear Alkyl Benzene (LAB) market. It is anticipated to remain the major consumer even in the forecast period.
Major players in the production of Global Linear Alkyl Benzene (LAB) are Cepsa Corporation, Sasol, Ho Tung Chemical Corp., Isu Chemical Co., Reliance Industries Ltd., FARABI Petrochemicals Company, PT Unggul Indah Cahaya Tbk (UIC), Tamilnadu Petroproducts Limited, Indian Oil Corporation Ltd, LABIX Company Limited, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2032
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Objective of the Study:
• To assess the demand-supply scenario of Linear Alkyl Benzene (LAB) which covers production, demand and supply of Linear Alkyl Benzene (LAB) market in the globe.
• To analyse and forecast the market size of Linear Alkyl Benzene (LAB)
• To classify and forecast Global Linear Alkyl Benzene (LAB) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Linear Alkyl Benzene (LAB) market in the globe.
To extract data for Global Linear Alkyl Benzene (LAB) market, primary research surveys were conducted with Linear Alkyl Benzene (LAB) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Linear Alkyl Benzene (LAB) market over the coming years.
ChemAnalyst calculated Linear Alkyl Benzene (LAB) demand in the globe by analyzing the historical data and demand forecast which was carried out considering demand for Linear Alkyl Benzene (LAB) by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Linear Alkyl Benzene (LAB) manufacturers and other stakeholders
• Organizations, forums and alliances related to Linear Alkyl Benzene (LAB) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Linear Alkyl Benzene (LAB) s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Linear Alkyl Benzene (LAB) s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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4000 thousand tonnes
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Market size Volume by 2032
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6500 thousand tonnes
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Growth Rate
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CAGR of 4.36% from 2022 to 2032
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Base year for estimation
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2022
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Historic Data
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2015 – 2022
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Forecast period
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2023 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2022 to 2032
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
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Segments covered
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By End-Use: (Linear Alkylbenzene Sulfonate (LAS) and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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