LAB Market (Linear Alkyl Benzene) Will Reach USD 8.2 Billion By 2018: Transparency Market Research
Transparency Market Research published new "Linear Alkyl Benzene (LAB) Market for Heavy-Duty Laundry Liquids, Laundry Powders, Light-Duty Dish Washing Liquids, Industrial Cleaners And Household Cleaners – Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 – 2018" market research report to its report store. Browse the report with TOC, visit http://www.transparencymarketresearch.com/linear-alkyl-benzene-market.html
Albany, New York (PRWEB) September 25, 2013
Transparency Market Research published new market report “Linear Alkyl Benzene (LAB) Market for Heavy-Duty Laundry Liquids, Laundry Powders, Light-Duty Dish Washing Liquids, Industrial Cleaners And Household Cleaners – Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 – 2018, ” according to the report the global LAB market was valued at USD 6.2 billion in 2011 is expected to reach USD 8.2 billion by 2018, growing at a CAGR of 4.3% from 2012 to 2018. In terms of volume, the global consumption of LAB is expected to reach 4,043.3 kilo tons by 2018.
Browse the full report with complete TOC at http://www.transparencymarketresearch.com/linear-alkyl-benzene-market.html .
The global market for LAB has witnessed slow but steady growth during the past few years due to the increasing demand for industrial and home cleaners. In addition, rising demand from Asia Pacific region is another factor expected to contribute to the growth of this industry. The volatile price of crude oil in the international market has been remained major concern for the LAB manufacturers. Future growth opportunity in this market is expected to stem from expansion of product development and commercialization for niche applications.
Linear Alkylbenzene Sulphonates (LAS) accounted for 97.9% share of the market in 2011 which is further segmented by its end user industries including heavy-duty laundry liquids, laundry powders, light-duty dish-washing liquids, industrial cleaners, and household cleaners. The market is expected to grow at a CAGR of 4.2% from 2012 to 2018 in terms of revenue. The other segment comprises of niche applications of LAB namely ink solvents, agricultural herbicides, wetting agents, emulsion polymerization, electric cable oil, and the paint industry. The demand for LAB from the other applications is expected to grow at a CAGR of 4.8% from 2012 to 2018 in termsTransparency Market Research of volume.
Asia Pacific dominated the global LAB market with a market share of 45.3% in 2011, followed by North America and Europe. The Asia Pacific market in terms of revenue is expected to grow at a CAGR of 4.6% from 2012 to 2018. The RoW region is expected to be the fastest growing market for LAB owing to increasing demand for detergents in the Middle East region. The region is expected to have a market share of 20.2% by 2018 in terms of volume.
The market for LAB is highly fragmented with numbers players accounting for similar market share. Companies such as CEPSA Quimica, Deten Quimica, Unggul Indah Cahaya, Fushun Petrochemicals, Jin Tung Petrochemicals, ISU Chemical, Huntsman Performance Products, Chevron Phillips Chemical Company LP, Sinopec Jinling -Petrochemical are among the key players in this industry.
LAB (Linear Alkyl Benzene) is a colorless organic compound majorly produced as an intermediate chemical during the production of certain surfactants. Kerosene is mainly employed as a feedstock material in the production of LAB. This report provides in-depth analysis of the LAB market and also estimates the global demand for LAB in terms of volume (kilo tons) and revenue (USD million) from 2010 to 2018.
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Based on application, the LAB market can be broadly segmented into Linear Alkylbenzene Sulfonate (LAS) and other applications. A major portion of the global LAB production is employed for the production of LAS. LAS applications have been further segmented on the basis of the end user applications namely heavy-duty laundry liquids, light-duty dishwashing liquids, and laundry powders, industrial and household cleaners. Heavy-duty laundry liquids mainly employed for commercial laundry purposes and are the most dominant application segment for LAS.
The demand for household cleaners is expected to exhibit the fastest growth rate amongst all the application segments. Other niche applications of LAB include ink solvents, agricultural herbicides, wetting agents, emulsion polymerization, electric cable oil, and the paint industry. Asia Pacific, North America, Latin America, Europe, and Rest of the World (ROW) are the geographical regions analyzed in this report. The forecasts and estimates of each application segment of LAB in these geographical regions have been provided for the period 2012 to 2018.
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