GITNUX MARKETDATA REPORT 2024
Linear Alkyl Benzene Industry Statistics
Linear alkyl benzene industry statistics reveal a steady upward trend in production and consumption rates, driven by growing demand in various sectors such as detergents, lubricants, and industrial cleaning products.
In this post, we will explore key statistics and trends in the global linear alkyl benzene (LAB) industry. From market size and growth rates to regional dynamics and the impact of the COVID-19 pandemic, we will analyze various aspects shaping the LAB market landscape. Join us as we delve into the data behind one of the essential components in commercial and household cleaners worldwide.
Statistic 1
"Global linear alkyl benzene (LAB) market size exceeded USD 8.5 billion in 2019."
Statistic 2
"The LAB industry is expected to grow at a rate of 4.4% CAGR between 2020 and 2026."
Statistic 3
"Commercial and household cleaners accounted for 80% of the global LAB market in 2019."
Statistic 4
"The Asia Pacific region dominated the LAB industry in 2019, worth more than USD 3.5 billion."
Statistic 5
"China accounted for over 50% of Asia Pacific LAB consumption in 2019."
Statistic 6
"According to Market Research Future, the LAB market is expected to be worth USD 9.27 billion by 2027."
Statistic 7
"The demand for LAB in India is expected to witness a CAGR of 5% during the forecast period from 2020 to 2025."
Statistic 8
"North America followed Asia-Pacific in terms of consumption of LAB, mainly driven by high demand from the U.S."
Statistic 9
"By 2027, the Global LAB market will witness an expansion rate of 3.95%."
Statistic 10
"Africa is expected to hold a significantly small share in the global LAB market in terms of value."
Statistic 11
"Household detergents and cleaners accounted for approximately 70.0% of its overall demand worldwide in 2013."
Statistic 12
"Decreasing crude oil prices have created an opportunity for low-cost raw materials for LAB production."
Statistic 13
"Europe is projected to remain constant in terms of LAB consumption, owing to saturated markets, mainly in Western Europe."
Statistic 14
"The top suppliers in the LAB market in 2019, such as CEPSA, Sasol, and Huntsman, accounted for around 60% of the total market share."
Statistic 15
"The LAB demand in Latin America is expected to rise at an annual rate of 1.5% until 2024."
Statistic 16
"Linear alkylbenzene sulfonate (LAS), derived from LAB, is projected to dominate the overall market till 2026."
Statistic 17
"In Eastern Europe, Russia is the largest consumer of LAB, driven primarily by high usage of detergents."
Statistic 18
"The COVID-19 pandemic deeply affected the industry during 2020 with a shrinkage of 3.3%."
Statistic 19
"By 2022, Global LAB demand is anticipated to surpass 4.0 million metric tons."
Jannik Lindner
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