Linear Alkylbenzene Sulfonate (LAS) Market will achieve at 5% CAGR by 2024
Date: 2018-11-26   Author: Rahul Varpe  Category: #news

Linear Alkylbenzene Sulfonate (LAS) Market will achieve at 5% CAGR by 2024

According to a new research report by Global Market Insights, Inc. Linear Alkylbenzene Sulfonate (LAS) Market size is poised to exceed USD 9 billion by 2024.

Rapidly growing dish washing liquid demand across the globe, particularly due to positive growth indicators in the food & beverage industry is another factor boosting the global linear alkylbenzene sulfonate market size in the recent years. As dish washing liquid is essentially required in the food & beverage sector. The global food & beverage industry was approximately USD 8 trillion in 2005 and in 2015 surpassed USD 15 trillion. Furthermore, stern legislations by the FDA in maintaining hygiene in the food & beverage processing along with opening of numerous food joints in the Asia Pacific countries will positively influence the linear alkylbenzene sulfonate market size by 2024.

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LAS is produced by linear alkyl benzene (LAB). Feedstock utilized in LAB manufacturing are petrochemical derivative (kerosene, benzene). Thus, wavering petrochemical price dynamics may hamper the global linear alkylbenzene sulfonate market share in the coming years. However, major companies involved in the industry ecosystem are involved in investment towards R&D for developing biodegradable product, which may reduce dependency on petrochemical feedstock will great new linear alkylbenzene sulfonate market growth avenues over the estimated timeframe.

Household detergents & cleaners was valued at over USD 2.5 billion in 2015. Additionally, the segment will observe maximum gains by 2024. Rising consumer awareness towards heath, hygiene and cleanliness has substantially stimulated the household detergents & cleaners demand in the recent years. Furthermore, surfactants are essentially required in manufacturing detergents, which shall subsequently stimulate linear alkylbenzene sulfonate market size in the coming years.

In 2015, linear alkylbenzene sulfonate market share for personal care products was close to 8% of the overall industry share. Increasing personal care products demand globally, chiefly due to enhancing consumer lifestyles dynamics along with drifting spending pattern towards personal wellbeing will drive industry growth by 2024. Superior product characterizes such as high emulsification, cleansing and foaming makes the product appropriate as an essential ingredient in the personal care products.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/linear-alkylbenzene-sulfonate-LAS-market

Household detergents & cleaners was valued at over USD 2.5 billion in 2015. Additionally, the segment will observe maximum gains by 2024. Rising consumer awareness towards heath, hygiene and cleanliness has substantially stimulated the household detergents & cleaners demand in the recent years. Furthermore, surfactants are essentially required in manufacturing detergents, which shall subsequently stimulate linear alkylbenzene sulfonate market size in the coming years.

Linear alkylbenzene sulfonate (LAS) market by application
•    Dish washing liquids
•    Household detergents & cleaners
•    Industrial cleaners
•    Personal care products
•    Others

In 2015, linear alkylbenzene sulfonate market share for personal care products was close to 8% of the overall industry share. Increasing personal care products demand globally, chiefly due to enhancing consumer lifestyles dynamics along with drifting spending pattern towards personal wellbeing will drive industry growth by 2024. Superior product characterizes such as high emulsification, cleansing and foaming makes the product appropriate as an essential ingredient in the personal care products.

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In 2015, linear alkylbenzene sulfonate size was moderately consolidated with major business contributors accounting for more than 40%. Key companies participating in the industry includes The Dow Chemical Company, Clariant Corporation, DuPont, BASF SE, Evonik Industries AG, Hansa Group AG, Huntsman Corporation, Henkel AG & Co., Rhodia SA, Croda International and Stepan Company.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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