The Latin America, Middle East and Africa Linear Alkyl Benzene Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 458.55 kilo tonnes, showcasing a growth of 6.3% (2023-2030).
The linear alkyl benzene market stands as a foundational pillar within the expansive landscape of the chemical industry, serving as a fundamental precursor in manufacturing diverse products essential for daily life. LAB, derived from the alkylation process of benzene with olefins, holds a pivotal role as a primary raw material in the production of linear alkylbenzene sulfonate (LAS), a key ingredient extensively used in the formulation of various detergents and surfactants.
The demand for linear alkyl benzene (LAB) is intricately linked to the surging requirements of the detergent industry. As the emphasis on cleanliness, hygiene, and sanitation intensifies across households, commercial establishments, and industrial sectors, the need for detergents and cleaning products has grown exponentially. This surge in demand drives the need for LAB as a crucial component in the formulation of detergents, dishwashing liquids, laundry products, and a wide array of household cleaning agents.
Moreover, the significance of LAB extends far beyond the realm of detergents. Its multifaceted applications span across industries, finding use in agricultural chemicals, lubricants, solvents, and various industrial formulations. As a result, the market operates as a linchpin supporting the operational efficiency, performance, and functionality of many products in different sectors.
The expansion of Kuwait's oil industry could impact the market. As per the ITA, Kuwait possesses an estimated 7% of the world's oil reserves and presently operates at a rate of approximately 3.15 million barrels per day. It has been announced that the Kuwait Petroleum Corporation (KPC) will increase daily crude production to 4.75 million barrels by 2040. Kuwait anticipates allocating $44 billion towards hydrocarbon exploration, production, and other initiatives until 2025. Hence, the region's expanding oil and natural gas industry is driving the market's growth.
The Brazil market dominated the LAMEA Linear Alkyl Benzene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $246.2 million by 2030. The Argentina market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 5.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Linear Alkyl Benzene Market is Projected to reach USD 10.4 Billion by 2030, at a CAGR of 4.2%
Based on Application, the market is segmented into Linear Alkylbenzene Sulfonates (LAS), and Others. Based on Linear Alkylbenzene Sulfonates (LAS) Type, the market is segmented into Laundry Powder, Heavy-duty Laundry Liquids, Industrial Cleaners, Household Cleaners, and Light-duty Dish-washing Liquids. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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