Linear Alkyl Benzene Market Summary
The Global Linear Alkyl Benzene Market was valued at USD 11.42 billion in 2024 and is projected to grow from USD 11.42 billion in 2024 to USD 18.19 billion by 2035, with a CAGR of 4.30% during the forecast period. The market is driven by increasing consumer spending, rising awareness towards cleanliness, and the demand for biodegradable products. The Asia-Pacific region accounted for USD 11.42 billion in 2024, with significant growth expected due to rising demand in countries like China and India. The linear alkylbenzene sulfonates (LAS) segment held a majority share of 74%-77% in 2022, driven by the demand for cleaning products.
Key Market Trends & Highlights
Key trends influencing the Linear Alkyl Benzene market include rising consumer awareness and technological advancements.
- Asia-Pacific market accounted for USD 4.6 billion in 2022; expected to grow significantly.
- Linear alkylbenzene sulfonates (LAS) contributed 74%-77% to market revenue in 2022.
- Technological advancements are prompting manufacturers to focus on environmentally-friendly products.
- Increased demand for bio-based LAB products is expected to enhance market growth.
Market Size & Forecast
2024 Market Size | USD 11.42 Billion |
2035 Market Size | USD 18.19 Billion |
CAGR (2025-2035) | 4.32% |
Major Players
Major players include Sasol Ltd., Clariant AG, Hansa Group AG, Croda International Plc, Honeywell International Inc., Indian Oil Corporation Ltd, and Reliance Industries Limited.