Linear Alkyl Benzene Pricing Report

Linear Alkyl Benzene Prices December 2023

The price of linear alkyl benzene in the United States for Q4 2023 reached 2027 USD/MT in December. The country witnessed a 1% decrease in price due to depreciating Benzene prices amid easing crude oil prices, which overall contributed to the decrease in the cost pressures of the product. The trend remained bearish with a high supply of the product and low demand from the domestic market.   

The price trend for linear alkyl benzene in South Korea reached 1705 USD/MT in December 2023. The market situation in the country was bullish with a moderate supply. However, the consumption from the downstream surfactant industry was high. There was a -2% change in prices as compared to the same quarter of the previous year, indicating a slight decrease.  

In Germany, linear alkyl benzene market prices reached 1490 USD/MT in Q4 2023, influenced by unhealthy economic conditions and reduced purchasing activities.    

Linear Alkyl Benzene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Linear Alkyl Benzene Pricing Report 2024 Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of linear alkyl benzene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

The report examines the elements influencing linear alkyl benzene 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 Alkyl Benzene Market Analysis

The global linear alkyl benzene market size reached 4.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 6.1 Million Tons, at a projected CAGR of 3.50% during 2023-2032.

• The growing adoption of linear alkyl benzene due to the rising demand for industrial and household cleaning products is offering a positive market outlook. Linear alkyl benzene serves as a crucial raw material to produce linear alkyl benzene sulfonate (LAS). Linear alkyl benzene sulfonic acid is a highly usable synthetic surfactant due to its low cost and high performance. It is a widely used surfactant, particularly in the formulation of detergents, cleaners, and industrial solvents. It is essential in cleaning products due to its ability to reduce the surface tension of water, enable it to spread more easily and remove dirt, grease, and other contaminants from surfaces. The rising adoption of detergents to maintain cleanliness and minimize the risk of infections among individuals is contributing to the market growth. In India, over 780 thousand metric tons of synthetic detergent intermediates were produced in the financial year 2022 as per Statista.
• Increasing preferences for liquid-based cleaning products are supporting the market growth. These liquid-based products are widely used in kitchen applications on stoves and countertops. The rising demand for convenient and easy-to-use cleaning solutions among people with busy lifestyles and hectic working schedules is impelling the market growth. People are increasingly adopting products that are effective and reliable.        
• Linear alkyl benzene sulfonic acid (LABSA) is a biodegradable surfactant that is commonly utilized in the textile industry. It serves as a wetting agent and detergent for the preparation and processing of fabrics. It is highly effective in removing oils, grease, and other impurities from the surface of the fabric, which makes it a vital component in the textile manufacturing process. People are willing to spend on high-quality textile products that cater to their unique preferences. Invest India states that India is projected to reach $ 250 Billion in textiles production and $100 Billion in exports by 2030.
• Linear alkyl benzene finds applications in personal care items, such as liquid soaps, shampoos, hand washes, and shower gels due to its effective foaming and cleansing properties.    

Linear Alkyl Benzene News

The report covers the latest developments, updates, and trends impacting the global linear alkyl benzene 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 alkyl benzene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the linear alkyl benzene industry:

• 30 January 2023, Cepsa Química presented NextLab, the world's first sustainable linear alkyl benzene (LAB). LAB is used to produce linear alkyl benzene sulfonate (LAS), the largest primary surfactant used in the homecare industry to manufacture biodegradable detergents.  
• 27 July 2022, Sasol Chemicals earned certification from the International Sustainability and Carbon Certification (ISCC) system for its three largest manufacturing facilities in Europe. The facilities of the company in Marl and Brunsbüttel, Germany, and Augusta, Italy, earned ISCC-PLUS certification for the use of mass balanced bio-based and recycled feedstocks in the production of alcohols, ethoxylates, linear alkyl benzenes and derivatives.   

Product Description

Linear alkyl benzene is a cost-effective and biodegradable intermediate that is widely used to produce detergents and surfactants. It is an intermediate substance in the petrochemical industry that is obtained from the alkylation of Benzene from paraffin in raw materials. It has low toxicity levels, which makes it safe for use in household and industrial cleaning products.

Linear alkyl benzene finds application in the manufacture of domestic detergents, institutional and industrial cleaners. It imparts desirable properties, such as biodegradability and low toxicity, making it ideal for use in these applications. It easily removes oil and fatty acids from numerous fabrics and textiles.   

Moreover, linear alkyl benzene-based products show stable performance under a wide range of conditions, including temperature variations and potential of hydrogen (pH) levels.   

Regional Coverage

The report provides a detailed analysis of the linear alkyl benzene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 price trends. 

Global Linear Alkyl Benzene Price

The report offers a holistic view of the global linear alkyl benzene pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Linear Alkyl Benzene Price

The European region experienced a decline in prices in Q4 of 2023 as compared to the same quarter of the previous year, influenced by the challenging global economy and weakened demand recovery in key regions. The demand for linear alkyl benzene in Germany remained Iow, driven by the weak economic conditions and reduced purchasing activities. The market sentiment remained pessimistic, leading to minimal purchases and inventory levels.  

This analysis can be extended to include detailed linear alkyl benzene price information for a comprehensive list of countries

North America Linear Alkyl Benzene Price

In North America, the linear alkyl benzene market witnessed a mixed trend during the Q4 of 2023. The supply of liner alkyl benzene remained moderate to high in this quarter, while the demand was low from the domestic market but high from exporting for destinations. The market was bearish due to the challenging global economy and lowered demand from the downstream surfactant industry. The projected inclination in feedstock Benzene prices, along with increasing crude oil prices can impact the price trajectory of the market.  

Specific data on linear alkyl benzene prices within the United States and Canada can also be provided.

Middle East and Africa Linear Alkyl Benzene Price

The report explores the linear alkyl benzene 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 alkyl benzene prices for countries can also be provided.

Aisa Pacific Linear Alkyl Benzene Price

The linear alkyl benzene pricing in the Asia Pacific region in Q4 2023 was characterized by a bearish market. The supply of linear alkyl benzene was high, leading to a downward pressure on prices. The projected depreciation in the feedstock Benzene prices contributed to the bearish market trend.  Moreover, the decline in international crude oil prices and concerns about demand impacted the linear alkyl benzene market in the Asian region.

This analysis can be further extended to include detailed linear alkyl benzene prices for a comprehensive list of countries within the region.

Latin America Linear Alkyl Benzene Price

The analysis of linear alkyl benzene 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 alkyl benzene 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 alkyl benzene price volatility, 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, ensuring they remain at the forefront of the linear alkyl benzene industry.