The global market for linear alkyl benzene (LAB) is expected to reach USD 9.27 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for household cleaning & industrial cleaning particularly in emerging market of Asia Pacific is expected to remain a key driving factor for the market. However, volatile raw material price is expected to remain a key challenge for market participants.
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Linear alkylbenzene sulphonate (LAS) emerged as the leading application segment for LAB and accounted for 97.9% of total market volume in 2013. LAS is further used for producing laundry powders and cleaners used for domestic and industrial applications. Other applications of LAB include as wetting agents, ink solvents and painting industry.
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Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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