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Linear Alkylbenzene Sulfonate (LAS) Market estimated at US$ 7.45 Bn in 2021

Linear Alkylbenzene Sulfonate (LAS) Market estimated at US$ 7.45 Bn in 2021 - Coherent Market Insights

Publish On: Jan 04, 2023

Global Linear Alkylbenzene Sulfonate (LAS) Market is estimated to be valued at US$ 7.45 Bn in 2021, according to the Global Linear Alkylbenzene Sulfonate (LAS) Market Report, by Application (Household Detergents and Cleaners, Dish Washing Liquids, Personal Care Products, Industrial Cleaners, and Others) and by Region (North America, Europe, Asia-pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.

Global linear alkylbenzene sulfonate (LAS) market was valued at US$ 7.45 Bn in 2021. Linear Alkylbenzene Sulfonate is expected to register a CAGR of 5.18 % over the forecast period (2022–2030), to reach US$ 11.72 Bn  by 2030.

Linear Alkylbenzene Sulfonate (LAS) is an anionic surface active agent, which is widely used in sanitizers for food contact surfaces in the food processing industry and eating establishments as well as sanitizers and disinfectants for commercial, institutional, agricultural, industrial, and public areas. LAS is widely used across industries as a surfactant due to its biodegradable properties and cost-effectiveness. Growing demand for detergents and cleaning agents in the household care, professional hygiene, and cleaning sectors is driving the growth of the global  Linear Alkylbenzene Sulfonate. Alternatives for LAS such as methyl ether sulfate is restraining the growth of the global Linear Alkylbenzene Sulfonate.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/linear-alkylbenzene-sulfonate-market-1266

Key Trends and Analysis of the Global Linear Alkylbenzene Sulfonate (LAS) Market:

Among applications, the household detergents and cleaners segment accounted for the largest market share due to the growing demand for household care products such as detergents that are less toxic, efficient, and environment-friendly among consumers. According to the International Association for Soaps, Detergents, and Maintenance Products, consumers spent US$ 7.45 Bn in 2021 on household care products, which increased to US$ 11.72  Bn in 2030, in Europe. Also, laundry care accounted for 47.3%, and surface care for 21.2% of the total household care segment in Europe.

Key Takeaways of the Global Linear Alkylbenzene Sulfonate (LAS) Market:

  • According to a study, Asia Pacific accounted for the largest market share of 42.36% in 2021 and is expected to retain its dominance over the forecast period. This is attributed to the growing demand for anionic surfactants such as LAS for applications in household detergents, cleaners, and personal care products. According to India Brand Equity Foundation (IBEF), the Fast Moving Consumer Goods (FMCGs) market is estimated to expand at a CAGR of 18 %, to reach US$ 7.45 Bn by 2021. Household and personal care products constitute around 50% of the total FMCG market share. Also, according to the Associated Chambers of Commerce and Industry of India—a trade association of India—the personal care products sector is expected to reach US$ 11.72 Bn by 2030 in India. This in turn, is expected to augment the growth of the Linear Alkylbenzene Sulfonate in this region over the forecast period.
  • North America is a lucrative market, owing to the significant demand for liquid dishwashing soaps, industrial cleaners, and household detergents in the region. Moreover, the increasing demand for detergents and cleaners in the laundry care industry and cleaning services is further fuelling the growth of the Linear Alkylbenzene Sulfonate in this region.
  • Key players operating in the global Linear Alkylbenzene Sulfonate include BASF SE, Clariant Corporation, Croda International Plc, DowDuPont Inc., Evonik Corporation, Henkel AG & Co. KGaA, Huntsman Corporation, Galaxy Surfactants Ltd., Stepan Company, and Solvay S.A.

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