Linear Alkyl Benzene (LAB) Price History and Forecast Analysis Provided by Procurement Resource

Business Technology

In Q4 2023, Linear Alkyl Benzene (LAB) prices in Asia experienced a downturn, influenced by benzene cost fluctuations and a competitive detergent sector. India saw a modest demand increase in urban areas, but rural procurement remained subdued. Europe witnessed a reversal of LAB price gains due to muted downstream surfactant industry demand and declining benzene costs. Despite an initial appreciation in energy production costs, fluctuating demand impacted the European market. In North America, sluggish economic recovery and government financial measures led to a decline in LAB prices. Export losses from canal issues elevated inventories, compounding the downward trend.

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Definition

Linear Alkyl Benzene (LAB) is a key chemical used in the production of biodegradable detergents. Derived from linear alkylbenzene sulfonic acid (LABSA), LAB is produced through alkylation processes involving benzene and olefins. As an anionic surfactant, LAB exhibits excellent detergent properties, aiding in the removal of oil and grease stains. LAB’s linear structure enhances its biodegradability, making it environmentally friendly. Its versatility extends to various household and industrial cleaning products, contributing to stable foam and efficient cleaning. LAB’s compatibility with other detergent components makes it a fundamental ingredient in the formulation of liquid soaps and detergents.

Key Details About the Linear Alkyl Benzene (LAB) Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Linear Alkyl Benzene (LAB) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Linear Alkyl Benzene (LAB) Price chart, including India Linear Alkyl Benzene (LAB) price, USA Linear Alkyl Benzene (LAB) price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Linear Alkyl Benzene (LAB) Price Trend:

The Price Trend and Price Index of Linear Alkyl Benzene (LAB) are pivotal indicators for industries reliant on LAB. LAB serves as a fundamental raw material in the production of a wide array of industrial and household cleaning products. Its significance stems from its role in manufacturing biodegradable detergents, including laundry detergents, dishwashing liquids, and household cleaning formulations. LAB functions as an anionic surfactant, boosting the cleaning efficacy of these products by effectively eliminating oil and grease stains. Its adaptable properties facilitate the formulation of stable foam, thereby enhancing the overall effectiveness of cleaning solutions. LAB’s compatibility with other detergent ingredients further cements its position as a crucial component in the creation of high-performance cleaning formulations utilized across various industrial and domestic settings. As Linear Alkyl Benzene (LAB) Prices and its trends fluctuate, they significantly impact the production costs and market dynamics of cleaning product industries.

Key Players:

  • Sasol
  • Cepsa
  • Chevron Phillips Chemical
  • Deten Quimica
  • Fushun Petrochemicals
  • Honeywell
  • ISU Chemical

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

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