Linear Alkyl Benzene (LAB) Market Insights, Forecast to 2025
Verfasser: riyasharma24mr on Thursday, 6 June 2019Linear alkyl benzenes (sometimes also known as LABs) are a family of organic compounds with the formula C6H5CnH2n+1. Typically, n lies between 10 and 16, although generally supplied as a tighter cut, such as C12-C15, C12-C13 and C10-C13, for detergent use.The CnH2n+1 chain is unbranched. They are mainly produced as intermediate in the production of surfactants, for use in detergent. Since the 1960s, LABs have emerged as the dominant precursor of biodegradable detergents.
Increasing consumer spending coupled with flourishing cleaning industry is likely to fuel the demand over the next six years. Volatile raw material prices, however, are projected to act as a key challenge for market participants. Also, consumers, particularly in developed countries, are becoming aware about adverse effects of using synthetic detergents on the environment and are looking out for bio-based alternatives.
Global Linear Alkyl Benzene (LAB) market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Linear Alkyl Benzene (LAB).
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