Linear Alkylbenzene Sulfonate Prices

Linear Alkylbenzene Sulfonate Prices December 2023

The linear alkylbenzene sulfonate prices in the USA for Q4 2023 reached 1,962 USD/MT in December. The prices rose due to strong export demand and higher crude oil costs. However, this trend did not persist as reduced purchases from downstream sectors and a decrease in benzene costs caused a market downturn.

The price trend for linear alkylbenzene sulfonate in China for Q4 2023, reached 1,093 USD/MT in December. The market saw a positive trend due to growing international demand and limited supply. However, this was reversed in the fourth quarter when declining crude oil prices and losses in the raw material market negatively impacted pricing.

Linear Alkylbenzene Sulfonate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Linear Alkylbenzene Sulfonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,”

It encompasses an in-depth review of the spot price of linear alkylbenzene sulfonate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of linear alkylbenzene sulfonate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing linear alkylbenzene sulfonate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Linear Alkylbenzene Sulfonate Market Analysis

The global linear alkylbenzene sulfonate market size reached US$ 7.05 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9.36 Billion, at a projected CAGR of 3.20% during 2023-2032.

• The increasing awareness of cleanliness and hygiene among consumers is driving the demand for detergents and cleaning agents which is further influencing the growth of the market. The rising commercial, industrial, and household cleaning needs contribute significantly to the market growth. For instance, according to Cleango data, in the US, around 7 million units of cleaning products and sanitizers were sold in the period of 2020-2023. This surge in the sales of cleaning products is facilitating the application of LAS, which, in turn, is contributing to the market growth.
• Rapid urbanization and population growth, particularly in emerging economies, is leading to higher consumption of cleaning products which is contributing to the market growth. For instance, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Projections show that urbanization, the gradual shift in residence of the human population from rural to urban areas, combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa, according to a new United Nations data set. The rising demand for efficient cleaning solutions is boosting the market growth.
• The growing disposable incomes and improving living standards in developing regions result in increased spending on household cleaning products. This economic development enhances the market for LAS-based detergents and cleaners. According to an article published by the Economic Times, India's per capita disposable income is projected to reach ₹2.14 lakh in 2023-24. Per capita disposable income grew 8% in FY24 and 13.3% in the previous year. Gross national disposable income is expected to expand by 8.9% in FY24 and 14.5% in FY23.
• Innovations in production processes and the development of advanced formulations enhance the performance and application range of LAS which is creating a positive outlook of the market.

Linear Alkylbenzene Sulfonate News

The report covers the latest developments, updates, and trends impacting the global linear alkylbenzene sulfonate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in linear alkylbenzene sulfonate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the linear alkylbenzene sulfonate price trend.

Latest developments in the linear alkylbenzene sulfonate industry:

• In December 2023, Godrej Consumer Products Limited (GCPL) introduced Godrej Fab, a high-performance liquid detergent exclusively launched in Southern India; Godrej Fab is available at an attractive price point of INR 99 for a one-liter bottle, thus offering a good quality product at almost half the cost compared to other liquid offering a good quality product at almost half the cost compared to other liquid detergents in the market.
• In September 2023, Dow introduced EcoSense™ 2470 Surfactant, providing customers with a sustainable solution to meet their formulation goals by harnessing innovative carbon capture technology for the home care market. Developed in collaboration with LanzaTech Global, Inc., the carbon recycling company transforming waste carbon into sustainable raw materials, this surfactant contributes to a circular carbon economy without sacrificing performance.

Product Description

Linear alkylbenzene sulfonate (LAS) is an extensively utilized surfactant, primarily found in detergents and cleaning products. This surfactant is synthesized by sulfonating linear alkylbenzene (LAB), which is derived from petrochemicals. Linear alkylbenzene sulfonate is popular for its superior cleaning properties, biodegradability, and cost-effectiveness. It has molecules with a hydrophilic (water-attracting) head and a hydrophobic (water-repelling) tail, allowing it to effectively remove dirt, grease, and stains from fabrics and surfaces as an anionic surfactant. This makes it a key ingredient in household and industrial detergents, dishwashing liquids, and various cleaning agents. Its wide usage is driven by its efficiency in hard and soft water, and environmental compatibility due to its biodegradability. Despite being derived from non-renewable resources, LAS remained a cornerstone of the cleaning industry due to its versatility and performance.

Regional Coverage

The report provides a detailed analysis of the linear alkylbenzene sulfonate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the linear alkylbenzene sulfonate price trend.

Global Linear Alkylbenzene Sulfonate Price

The report offers a holistic view of the global linear alkylbenzene sulfonate pricing trends in the form of linear alkylbenzene sulfonate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into linear alkylbenzene sulfonate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into linear alkylbenzene sulfonate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed linear alkylbenzene sulfonate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Linear Alkylbenzene Sulfonate Price

The European market experienced a price rise driven by increased applications and higher upstream component costs. Rising benzene costs and ongoing inflation further lead to an positive trend. Additionally, increasing borrowing costs added to manufacturing expenses, contributing to the price rise. However, by the fourth quarter, an economic downturn and reduced user spending halted this growth, creating challenges for the market.

This analysis can be extended to include detailed linear alkylbenzene sulfonate price information for a comprehensive list of countries.

North America Linear Alkylbenzene Sulfonate Price

In North America, linear alkylbenzene sulfonate cost initially rose in 2023 due to an increase in export demand and the higher global price of crude oil. However, in the subsequent quarter the market trend reversed as prices began to decline. This shift was primarily because of the reduced acquisition of goods and services from downstream sectors and an unforeseen drop in benzene prices, which weakened the market outlook.

Specific linear alkylbenzene sulfonate historical data within the United States and Canada can also be provided.

Middle East and Africa Linear Alkylbenzene Sulfonate Price

The report explores the linear alkylbenzene sulfonate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on linear alkylbenzene sulfonate prices for countries can also be provided.

Asia Pacific Linear Alkylbenzene Sulfonate Price

During the second half of 2023, the market in Asia Pacific saw positive growth due to increased international demand, which outpaced the available inventory levels. This imbalance, along with rising prices for crude oil and naphtha, pushed production expenses higher, influencing the cost trend upward. However, in Q4, market conditions deteriorated as crude oil prices fell, leading to a negative shift in linear alkylbenzene sulfonate prices and substantial losses in the feedstock market.

This linear alkylbenzene sulfonate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Linear Alkylbenzene Sulfonate Price

The analysis of linear alkylbenzene sulfonate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of linear alkylbenzene sulfonate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting linear alkylbenzene sulfonate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The linear alkylbenzene sulfonate price charts ensure our clients remain at the forefront of the industry.