Linear Alkylbenzene Sulfonate Market will grow at 5% CAGR up to 2024
Date: 2018-11-23   Author: Rahul Varpe  Category: #technology

Linear Alkylbenzene Sulfonate Market will grow at 5% CAGR up to 2024

Linear Alkylbenzene Sulfonate Market size is poised to exceed USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc.

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. 

Sample copy of this report @ https://www.gminsights.com/request-sample/detail/1500

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.
 
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.

Increasing product demand in manufacturing household detergents will be the major factor propelling the global linear alkylbenzene sulfonate market size over the estimated timeframe. The overall household detergents business is likely to exhibit gains more than 6% CAGR from 2016 to 2024 on account of increasing consumer lifestyles and awareness towards cleanliness. 

The product helps in removing stains from fabrics by reducing the water’s surface tension. In addition, it is widely used in various product range such as laundry powders & liquids, manual dishwashing liquids, soap bars and detergent tablets.

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.

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.

Asia Pacific linear alkylbenzene sulfonate market size was roughly around USD 2 billion 2015. Positive growth indicators in the regional food & beverage and personal care product business over the past few years is the major factor contributing growth in the region. North America, mainly led by the U.S. accounted for roughly around 15 of the global linear alkylbenzene sulfonate market share in 2015. Enormous customer base for cosmetics along with presence of strict legislation regarding hygiene in the regional food & beverage will boost the industry growth. Europe, primarily led by France, Germany and the UK will witness growth more than 5% over the estimated timeframe.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1500

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 Author


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. ...

Read More

More from Rahul


Post Recommendents

Automotive Biometric Identification Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2025
Author: Partha Ray

The ' Automotive Biometric Identification market' study Added by Market Study Report, LLC, provides an in-depth analysis pertaining to potential drivers fueling this industry. The study also encompasses valuable insights about profitability prospe...


Customer Engagement Solutions Market Size, Development, Key Opportunity, Application and Forecast to 2025
Author: Partha Ray

Market Study Report, LLC offers a latest study on ' Customer Engagement Solutions market' featuring a holistic view of the market size, industry share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisel...


Remote Access Management Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
Author: Partha Ray

Market Study Report, LLC, adds a comprehensive research of the ' Remote Access Management market' that mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this indus...