Linear Alkyl Benzene Market business document has been produced by including highly developed insight and analysis which furnishes maximum benefits to the Chemical industry. This market report makes use of most modern tools and techniques for collecting, researching, analysing and estimating market data. The market analysis carried out in this report underlines various segments that are relied upon to witness the quickest development based on the estimated forecast frame. The Linear Alkyl Benzene Market report brings into light key industry trends, market size, market share estimates, and sales volume that assist Chemical industry to speculate the strategies to enhance return on investment (ROI).
Global linear alkyl benzene market is estimated to register a substantial CAGR of 6.5% in the forecast period of 2019-2026 due to biodegradable properties and government regulations regarding environmental issue, rise in the demand of LAB in detergent industry and increase in the demand in personal care products
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Linear alkyl benzene is an organic compound with carbon range typically between 10 and 16. LAB is highly used in biodegradable detergents and produce as an intermediate during the production of surfactants. LAB has been supported by the government and accepted as a raw material industrially and domestically due to its environmental friendly properties. LAB acts as an intermediate for the production of other important chemical compounds such as linear alkyl benzene sulfonic acid (LABSA).
Who are the key Top Competitors in the Linear Alkyl Benzene Market?
Few of the major competitors currently working in the global linear alkyl benzene market are Cepsa, Deten Quimica S.A., Chevron Phillips Chemical Company, Honeywell International Inc, Huntsman International LLC., Reliance Industries Limited, Jingtung Petrochemical Corp., Ltd, SASOL, PT Unggul Indah Cahaya Tbk, Desmet Ballestra, Farabi Petrochemicals Co., S.B.K HOLDING, Indian Oil Corporation Ltd, Qatar Petroleum, JXTG Nippon Oil & Energy Corporation, ISU Chemical and others
Global Linear Alkyl Benzene Market Dynamic Forces:
- Biodegradable properties and government regulations regarding environmental issue may act as a catalyst for the market growth
- Increase in the awareness among people regarding cleanliness would enhance the growth of the market
- Rise in the demand of linear alkyl benzene (LAB) in detergent industry might accelerate the growth of the market
- Increase in the demand in personal care products has driven the market growth
- Fluctuations in the prices of raw material might as a restraint to growth of this market
- Shifting preferences from powdered surfactants to liquids in heavy industry may hamper the market growth
Segmentation: Global Linear Alkyl Benzene Market
Global Linear Alkyl Benzene Market By Application (Surfactants, Non-Surfactants)
End User (Laundry Powder, Heavy-Duty Laundry Liquid, Light-Duty Dish Washing Liquid, Household Cleaner, Industrial Cleaner, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Stakeholders, marketing executives and business owners can refer this market research report to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the market trends, researchers have made a careful effort to analysts. This industry report has provided the detailed information to the audience about the way Linear Alkyl Benzene industry has been heading since past few months and how it is going to take a shape in the years to come. Executives in marketing, strategic planning and new product development will find discussions in the reports pertinent and useful.
Key Developments in the Market:
- In January 2019, SEEF Limited, which is a subsidiary of United Development Company, is acquired by the Qatar Petroleum. The acquisition of linear alkyl benzene based SEEF Limited Company was the part of Qatar Petroleum Strategy. The acquisition would help them in achieving greater synergy and enhance their overall operations
- In April 2016, Thai Oil, which is Thailand’s top refinery, announced that they have built an alkyl benzene plant and started operations for the same in the company. The aim behind setting of new plant was to boost the demand of alkyl benzene in the market
The report clarifies the following uncertainties related to the Linear Alkyl Benzene Market:
What are the various factors that are likely to impact the growth of the Linear Alkyl Benzene Market?
How are market players expanding their footprint in the Linear Alkyl Benzene Market?
What is the most notable trend that is currently influencing the dynamics of the Linear Alkyl Benzene Market?
Who are the leading players operating in the Linear Alkyl Benzene Market?
Which regional market is likely to present a plethora of opportunities for market players in the Linear Alkyl Benzene Market?
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