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Alpha Olefins Market By Product (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), By Application (Polyethylene, Detergent Alcohol, Synthetic Lubricant) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

Alpha-olefins are a family of organic compounds that are alkenes with a chemical formula CxH2x. Alpha olefins are used in an extensive range of chemical applications such as polyethylene, detergent alcohols, and synthetic lubricants among others. Growing demand for polyethylene from packaging sector is anticipated to remain a main aspect for global alpha olefins market in future. Rising demand for polyalphaolefin in synthetic lubricants owing to reduced wear and tear of engine is predicted to enhance the demand for alpha olefins in future. Growing concerns about environment regarding automobile pollution has propelled the demand for polyalphaolefin dependent synthetic lubricant in past. Optimistic overview on oilfield drilling events is further foreseen to enhance the demand for alpha olefins in future.

The global alpha olefins market in terms of product type is divided into 1-Hexene, 1- Decene, 1-Butene, 1-Octene, 1-Dodecene, C10 and other higher olefins. 1-Hexene led the worldwide alpha olefins market on the basis of market size and revenue during year 2015. It is predicted to retain its industry share during the estimated period. The growing demand of 1-Hexene due to its use in manufacture of linear low density polyethylene is also predicted to drive the industry growth. The demand for polyalphaolefin in manufacture of synthetic lubricants is also projected to stimulate the demand for 1-Decene in coming years.

Geographically, the global alpha olefins market is studied for North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions. In 2015, North America was observed as the largest and fastest growing market for Alpha Olefins. It contributed over 40% to the total global demand for the alpha olefins during year 2015. The alpha olefins market of Asia Pacific zone is predicted to register the highest rate of growth during the projected period. The reason for this being growing demand from synthetic lubricant sectors and polyethylene industries, particularly from growing economies like Japan, China and India.

Shell Chemicals Limited, INEOS Oligomers, Sinopec Beijing Yanhua, Idemitsu Petrochemical Company Limited, Nizhnekamskneftekhim, Chevron Phillips Chemical Company LLC, Sasol Limited, ExxonMobil Corporation, ONGC, Qatar Chemical Company II Limited, The Dow Chemical Company, Royal Dutch Shell Plc., Mitsubishi Chemical Corporation, Qatar Chemical Company Limited, Saudi Arabia Basic Industries Corporation, Evonik Industries AG, TPC Group and Ineos Group Limited are few key manufacturers in alpha olefins market.

Alpha Olefins Market

Purpose of the Report

The purpose of this strategic research study titled “Alpha Olefins Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global alpha olefins market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-user Companies
  • Alpha Olefins Manufacturers
  • Distributors

USP and Key Offerings

The report titled “Alpha Olefins Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the overall alpha olefins market along with the market size and estimates for the duration 2013 to 2024. The said research study covers in-depth analysis of multiple market segments based on, product type, application type and cross-sectional study across different regions.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in alpha olefins market and key strategies adopted by them. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the alpha olefins industry
  • Market drivers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Historical 2-Years market size data (2013 – 2014)

Overall, the research study provides a holistic view of the global alpha olefins market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

Based on applications, the alpha olefins market is categorized into following segments:

  • Polyethylene
  • Detergent Alcohol
  • Synthetic Lubricant
  • Others (waxes, oilfield chemicals, plasticizers intermediates, specialty polymers, etc.)

Alpha Olefins Market

The global alpha olefins market revenue is expected to grow at significant rate of 6% over the forecast period 2016-2024. Among the considered applications, polyethylene dominated overall demand and offers strong growth potential in upcoming years. Specialty polymers are finding huge growth potential due to their widespread use in flexible packaging. Synthetic lubricants are used mainly in mass transit applications for light vehicle crack-case lubricants, automatic gearbox transmission fluids, etc. Industrial applications include gear oils for wind turbines, machinery, etc. Synthetic lubricants have an excellent balance of properties with respect to viscosity, pour point, oxidative stability, etc., that make them an ideal choice for many applications, but they are relatively expensive. Today however, more aggressive legislation is driving emissions reduction in the automotive industry resulting new demand for synthetic lubricants. Increasing demand for alpha olefins especially in Asia Pacific due to rapid growth of population and industrialization in emerging economies such as India and China is anticipated to fuel the demand for global alpha olefins market over the forecast period 2016-2024. Other factors such as growing demand of oilfield chemicals, waxes, plasticizers intermediates, specialty chemicals, etc. applications are also expected to drive the growth of alpha olefins during the forecast period.

On the basis of geographical distribution, the global alpha olefins market is segmented into following regional markets,

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa

Alpha Olefins Market

Based on geographical distribution, North America was the biggest manufacturing region of alpha olefins and also the largest consumer. It contributed over 40% of the global demand during 2015. However, the alpha olefins market in North America is projected to record a sluggish growth during the estimated period. The alpha olefins market in Europe is also anticipated to experience slow growth rate owing to stagnated polyethylene industry in the region and on account of strict implementation of the rules concerning & related to ecological issues. The alpha olefins market of Asia Pacific zone is predicted to register the highest rate of growth during the projected period, majorly attributed to growing demand from synthetic lubricants sector and polyethylene industries, particularly from economies like Japan, China and India. Growing production of synthetic lubricants, polyethylene and detergent alcohol in Asia Pacific is predicted to boost the demand for alpha olefins in the zone during the estimated period.

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Published Date:  Apr 2017
Category:  Chemicals
Report ID:   57767
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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