Global Linear Alkylbenzene Sulfonate Market 2017-2021

Overview of the global linear alkylbenzene sulfonate market

Technavio’s research analysis on the global linear alkylbenzene sulfonate (LAS) market identifies that the demand for commercial and household cleaning agents will be one of the major factors that will have a positive impact on the growth of the market. The rise in demand for household cleaning agents has grown significantly due to the rising consumer awareness toward health, sanitation, and cleanliness. Linear alkylbenzene sulfonate is a major ingredient in the manufacturing of detergents. Also, the expansion of professional cleaning industry and car/vehicle cleaning services and availability of many players offering commercial cleaning services to hotels, offices, and outdoor events will drive the growth of the LAS detergents market which inturn will raise the demand for LAS in the global market during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The mergers of major companies are one of the key trends that will contribute to the growth of this market in the forthcoming years. The key manufacturers in the LAS market are looking at expanding their geographical presence through mergers and acquisitions or joint ventures for market growth. The mergers in the market will have a positive impact on the LAS market and are likely to increase the market share and result in product portfolio expansion. For instance, BASF and Cognis Holding Luxembourg controlled by Permira Funds partnered in 2010 to get out new innovations in the market.

Competitive landscape and key vendors