South Korea Linear Alkylbenzene & Aromatic Compounds Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The South Korea Linear Alkylbenzene & Aromatic Compounds Market has been experiencing consistent growth due to the increasing demand for these compounds across various industries. Linear alkylbenzene (LAB) is widely used in the production of detergents and surfactants, while aromatic compounds like benzene, toluene, and xylene serve as key intermediates in the manufacturing of several chemicals, polymers, and plastics. This market plays a crucial role in the country’s chemical sector, especially with the rapid industrialization and urbanization seen over the last few decades.
The demand for Linear Alkylbenzene and aromatic compounds is primarily driven by the increasing need for cleaning agents in industries such as household, personal care, and industrial applications. South Korea’s detergent and soap industry is one of the largest consumers of LAB, as the compound serves as an essential raw material in the production of household cleaning agents. This market is also heavily influenced by the automotive, textile, and packaging industries that require aromatic compounds for manufacturing various end products, including synthetic fibers, plastics, and resins.
The automotive industry, for example, significantly relies on aromatic compounds like benzene for the production of synthetic rubbers, plastics, and adhesives. These components are crucial in vehicle manufacturing, ensuring durability and quality. Additionally, the packaging industry uses aromatic compounds to create sturdy, long-lasting plastic products that are widely used in food and beverage packaging.
Industrial applications also form a key segment of the market, with a growing emphasis on specialty chemicals used in the production of pharmaceuticals, paints, coatings, and adhesives. The growth in industrial manufacturing activities further contributes to the increasing demand for Linear Alkylbenzene and aromatic compounds in South Korea.
The South Korean government’s support for the development of the chemical sector, along with advancements in production technologies, is expected to boost the market growth in the coming years. As a result, South Korea continues to be one of the largest consumers and producers of Linear Alkylbenzene and aromatic compounds in the region, making it a significant player in the global chemical market.
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BASF
Dow
Solvay
Huntsman
Kao
CEPSA
Sasol
KAPACHIM
Stepan
SK
Fogla Group
New India Detergents
ISU Chemical
Dada Surfactants
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Linear Alkylbenzene & Aromatic Compounds Market
Surfactants
Detergents
Industrial Solvents
Lubricants
Cosmetics & Personal Care Products
Household Care
Automotive
Oil & Gas
Textile
Pharmaceuticals
Linear Alkylbenzene (LAB)
Aromatic Compounds
Other Synthetic Aromatics
Technical Grade
Food Grade
Pharmaceutical Grade
Hydroalkylation Process
Alkylation Process
Other Synthetic Processes
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Linear Alkylbenzene & Aromatic Compounds Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Linear Alkylbenzene & Aromatic Compounds Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Linear Alkylbenzene & Aromatic Compounds Market, By Type
6. South Korea Linear Alkylbenzene & Aromatic Compounds Market, By Application
7. South Korea Linear Alkylbenzene & Aromatic Compounds Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Linear Alkylbenzene & Aromatic Compounds Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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