Title: Linear Alkyl Benzene Market Analysis and Forecast, Demand, 2030
1- Linear Alkyl Benzene (LAB) Market Plant
Capacity, Production, Operating Efficiency,
Demand Supply, Application, Application, End
Use, Distribution Channel, Region, Competition,
Trade, Market Analysis, 2015-2030
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3Global Linear Alkyl Benzene (LAB) market has
witnessed remarkable growth in the past and is
estimated to grow at a CAGR of 4 during the
forecast period. LAB is an organic compound
mostly 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. About 90 of LAB consumed globally is
used for the production of laundry detergents,
light-duty dishwashing liquids, industrial
cleaners, household cleaners and other
applications. Being directly linked to the FMCG
industry, the global LAB market is expected to
move in tandem with the population growth and
growing consumer sophistication. As of FY19, the
laundry detergents industry sector dominates the
global LAB market and is expected to remain the
growing sector backed by drivers like increased
urbanization and growing rates of washing machine
ownership across the households. In the past few
years, there has been a remarkable shift in the
consumer preference from the more 'traditional'
bar-soaps to more sophisticated hand-washing
detergents which is an important indicator of the
consumer revolution. These factors are likely to
propel the global Linear Alkyl Benzene (LAB)
market growth in the forecast period. With
rising concerns over cleanliness and personal
hygiene, government led campaigns such as Swachh
Bharat Mission in growing economies like India to
promote wellness, well-being and welfare (WWW) of
the citizens would stimulate the growth of the
LAB market in the forecast period. Moreover,
UNICEFs urge for countries to reach Sustainable
Development Goal (SDG) 6, which targets universal
and equitable water, sanitation and hygiene for
all by 2030 would further support the market
growth in the forecast period. In additions,
other factors like changes in lifestyles,
population size and growth, increasing incomes
and machine ownership rates washing frequency
and growing awareness about upcoming detergent
brands due to steadily increasing media
penetration would significantly impact the
volumes of detergents consumed and consequently
the demand for Linear Alkyl Benzene in the
forecast period. UOP technology stands the most
widely used method for production of LAB and
employs hydrogenated kerosene or normal paraffins
as the key feedstock. Being the most economical
technology available today, more than 70 of the
worlds LAB is produced using UOP technologies.
Nearly all LAB produced is sulfonated to produce
LAS/LABSA which is the most cost-effective
surfactant available for use in detergent
formulations. Major petroleum and
petrochemical companies across the world have
integrated with the major LAB producers to supply
kerosene and benzene for production of linear
alkyl benzene.
4- The global market for LAB will continue to grow
in the upcoming years as the demand for laundry
detergents is continuously grow, particularly in
the Asia-Pacific region. As of 2019, Asia-Pacific
dominated the global LAB market, with the largest
consumption from the countries, such as China,
India and Japan. Increased urbanization and
government initiatives to promote better health
and hygiene practices are likely to 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. -
- With the outbreak of COVID-19, there has been a
strong boost in the demand for industrial and
household cleaners as the pandemic shifted
consumer preference strongly towards healthcare
and hygiene related products. Major detergent
manufacturers across the globe such as Procter
Gamble, Hindustan Unilever (HUL) and many others
have reported strong quarterly earnings due to
robust demand from manufacturers of detergents
and household cleaners. As people consumed large
volumes to ward off the coronavirus, majority of
LAB and LABSA manufacturers remained largely
operational despite lockdowns, as the governments
listed health and hygiene products under the
category of essential items. Reliance Industries
continued operating its 1,20,000 tonnes-linear
alkyl benzene unit at Koyali refinery during the
lockdown. It is anticipated that spurt in the
global demand as several economies ramp up their
manufacturing units to cater to the exponential
rise in consumer demand would further accelerate
the market growth in the forecast period -
- Years Considered for this Report
-
- Historical Years 2015 2019
- Base Year 2020
- Estimated Year 2021
- Forecast Period 2022 2030
-
- Objective of the Study
- The primary objective of the study was to
evaluate and forecast Linear Alkyl Benzene
capacity, production, demand, inventory, and
demandsupply gap globally.
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6- To categorize Linear Alkyl Benzene demand based
on type, end use, region and distribution
channel. - To identify major customers of Linear Alkyl
Benzene globally. - To evaluate and forecast Linear Alkyl Benzene
pricing globally. - To identify and profile major companies operating
globally Linear Alkyl Benzene market. - To identify major news, deals and expansion plans
globally Linear Alkyl Benzene market.
7- Major Players
- CEPSA Quimica S.A.
- Deten Quimica
- Fushun Petrochemical Company
- Chevron Phillips Chemicals
- Honeywell
- Arabian Petrochemical Company
- Huntsman Corporation
- Reliance Industries Limited
- Jingtung Petrochemical Corp.
- Indian Oil Corporation Ltd etc.
8- LAB is a crude oil derivative and hence its price
is directly linked to the fluctuations in crude
oil and petrochemicals such as benzene.
Volatility in the prices of benzene has remained
a major challenge for LAB manufacturers since a
long time. Linear Alkyl Benzene prices remained
under pressure in the first half of the year
weighed over by an unprecedented fall in crude
oil during Q1FY20 and Q2FY21. Linear Alkyl
Benzene CFR India prices were assessed around USD
1200 per MT on bulk contract basis in Q1FY20 down
by about 5 per cent compared to its prices in
Q4FY19. -
- To extract data for Global Linear Alkyl Benzene
market, primary research surveys were conducted
with Linear Alkyl Benzene manufacturers,
suppliers, distributors, wholesalers and end
users. 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 end user segments
and projected a positive outlook for Global
Linear Alkyl Benzene market over the coming
years. -
- ChemAnalyst calculated Linear Alkyl Benzene
demand globally by analyzing the historical data
and demand forecast which was carried out
considering imported styrene prices, a monomer
used for production of Linear Alkyl Benzene.
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 manufacturers and other
stakeholders - Organizations, forums and alliances related to
Linear Alkyl Benzene 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 manufacturers, distributors and
policymakers. The report also provides useful
insights about which market segments should be
targeted over the coming years to strategize
investments and capitalize on growth
opportunities. -
9Report Scope In this report, the Global
Linear Alkyl Benzene market has been segmented
into following categories, in addition to the
industry trends which have also been detailed
below
Attribute Details
Growth Rate CAGR of 4 from 2022 to 2030
Base year for estimation 2021
Historic Data 2015 2020
Forecast period 2023 2030
Quantitative units Demand in Thousand Tonnes and CAGR from 2022 to 2030
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered Application (Surfactants, Non-Surfactants) End-Use (Laundry Detergents, Light-duty Dishwashing Liquids, Industrial Cleaners, Household Cleaners, and Others) Distribution Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled CEPSA Quimica S.A., Deten Quimica, Fushun Petrochemical Company, Chevron Phillips Chemicals, Honeywell, Arabian Petrochemical Company, Huntsman Corporation, Reliance Industries Limited, Jingtung Petrochemical Corp., Indian Oil Corporation Ltd etc.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
10- TABLE OF CONTENTS
- Global Linear Alkyl Benzene Market Outlook,
2015-2030 - Global Linear Alkyl Benzene Demand Outlook,
2015-2030, By Volume - North America Linear Alkyl Benzene Market
Outlook, 2015-2030 - North America Linear Alkyl Benzene Demand
Outlook, 2015-2030, By Volume - Asia Pacific Linear Alkyl Benzene Market Outlook,
2015-2030 - Asia Pacific Linear Alkyl Benzene Demand Outlook,
2015-2030, By Volume - Europe Linear Alkyl Benzene Market Outlook,
2015-2030 - Europe Linear Alkyl Benzene Demand Outlook,
2015-2030, By Volume - MEA Linear Alkyl Benzene Market Outlook,
2015-2030 - MEA Linear Alkyl Benzene Demand Outlook,
2015-2030, By Volume - South America Linear Alkyl Benzene Market
Outlook, 2015-2030 - South America Linear Alkyl Benzene Demand
Outlook, 2015-2030, By Volume - Country-wise Import
- Country-wise Export
- News and Deals
11METHODOLOGY
12- ChemAnalyst identify firm planned capacities,
planned expansions and closures in identified
geographies and also provide list of idling
capacities wherever applicable. ChemAnalyst
derive segment-wise product demand profile
based on past user industry data, capacity
utilization year-wise growth rates for last 10
years including current year. - Finally, ChemAnalyst project future growth
considering potential new applications up to next
15 years, along with detailed basis / assumption
for arriving at the projected growth rates.
Current sources of products import along with
logistics details of shipping aspect, inland
transportation and cost details has been taken
through primary research. Export destinations to
be targeted based on market study have been
listed. Details of shipping aspect, inland
transportation and cost details etc. will be
based on primary research. - Demand Production Import Export Inventory
- Demand Supply Gap Production - Demand
- ChemAnalyst Research perform periodical checks on
data being collected through surveys with logic
checks and analyze survey results and data
generated through its proprietary database. - ChemAnalyst will also use data triangulation
technique to fill the gaps and to present the
more meaning picture of the market. - ChemAnalyst will deliver the final comprehensive
project report in online digital format.
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detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market.
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