Growing Demand from Detergent Industry to Boost the LAB Market | Technavio

October 23, 2017

LONDON–(BUSINESS WIRE)–#LAB–The global
linear alkyl benzene (LAB) market is expected to grow at a CAGR of
more than 5% during the forecast period, according to Technavio’s latest
market research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global linear
alkyl benzene market for 2017-2021. The market is further categorized
into two application segments, comprising of linear alkyl benzene
sulfonate (LAS) and niche applications. The LAS segment accounted for
close to 98% of the market share in 2016.

“APAC is the largest market for LAB and is estimated to be the
fastest-growing geographic region during the forecast period. LAB is
mostly used to manufacture LAS to produce detergents, house cleaners,
fabric softeners, and soap bars. Several reasons such as
industrialization, increase in disposable income, awareness about
hygiene, and increasing population are fostering the global market for
LAB,” says Hitesh Bhatia, a lead specialty
chemicals research expert from Technavio.

Technavio’s research analysts segment the global linear
alkyl benzene market into the following regions:

APAC
EMEA
Americas

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LAB market in APAC

APAC is the largest market for LAB. There is high demand for LAB from
the industrial and household cleaning products sector. As the population
is increasing, the number of hospitals and houses is also increasing,
fueling the demand for cleaning products.

As disposable income increases, purchasing ability is increasing. The
need to remain healthy and demand for cleanliness plays a key role in
the use of quality laundry cleaners and household cleaners. Heavy-duty
laundry liquid is used for carpets, blankets, and bedsheets while
light-duty laundry liquid is used for regular clothes. Also, due to high
purchasing power in APAC, there is a demand for light-duty dishwashing
liquids. All these factors contribute towards the growth of the LAB
market in APAC.

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LAB market in EMEA

In Europe, there is an increase in renovation activities owing to high
disposable income. This will lead to an increase in the demand for
paints from the construction industry which will subsequently drive the
LAB market in this region. The growth of the perfume industry in Europe
will also drive the demand for LAB.

The increasing number of diseases and sick individuals in Africa is
leading to an increase in the number of hospitals and hygienic measures.
This will drive the use of cleaning products and the demand for LAB. All
these factors will foster the market for LAB in EMEA.

LAB market in Americas

The Americas is expected to grow at a CAGR of 4.18% during the forecast
period. Stringent government regulations for industrial cleanliness and
health and hygiene are driving the demand for cleaning products. This is
fostering the growth of the LAB market in the Americas.

“The perfume market in Brazil is expected to grow rapidly. More than
80% of Brazilian consumers wear perfume daily. LAB is utilized as a
solvent in perfumes. As perfume manufacturing increases in Brazil, the
use of solvents will also increase. This will lead to the increased use
of LAB in the region,” says Hitesh.

The top vendors in the global linear alkyl benzene market as highlighted
in this market research analysis are:

Clariant
Huntsman International
Reliance Industries
Chevron Phillips Chemical
CEPSA

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