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Global $12.1 Bn Linear Alkyl Benzene (LAB) Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com
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Global Linear Alkyl Benzene (LAB) Market to Reach US$12.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Linear Alkyl Benzene (LAB) estimated at US$8.8 Billion in the year 2020, is projected to reach a revised size of US$12.1 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027.
Linear Alkylbenzene Sulfonate (LAS), one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$11.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Products segment is readjusted to a revised 6.5% CAGR for the next 7-year period. This segment currently accounts for a 4.1% share of the global Linear Alkyl Benzene (LAB) market.