Linear Alkyl Benzene (LAB) Market Expected to Reach USD 9.27 Billion by 2020Energy Conservation Products & Services CommercialUpdated on Aug 8, 2014 View more like this | Visit SAN FRANCISCO, CA | Contact Andrew Smith |
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.
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.
The report “Linear Alkyl Benzene Market Analysis By Application (Heavy Duty Laundry Liquids, Laundry Powders, Light Duty Dish Washing Liquids, Industrial Cleaners, Household Cleaners) And Segment Forecasts To 2020.
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.
The report “Linear Alkyl Benzene Market Analysis By Application (Heavy Duty Laundry Liquids, Laundry Powders, Light Duty Dish Washing Liquids, Industrial Cleaners, Household Cleaners) And Segment Forecasts To 2020.
