Alpha Olefin Market Scope
The upsurge in demand with the growth in production of polyalphaolefin and polyethylene will help to boost global alpha olefin market. Alpha olefins are organic compounds including alkenes or olefins, which are usually manufactured by the oligomerization of ethylene. These compounds offer a range of industrially significant products including 1-decene, 1-octene, 1-hexene, and 1-butene, 1-dodecene, 1-tetradecene, 1-hexadecene & 1-octadecene. It is used in a wide range of chemical applications including polyethylene, synthetic lubricants and detergent alcohols. Additionally, it is used in the synthetic fatty acids, tanning oils, oxo alcohols, epoxides, alkylated aromatics, and alpha-olefins sulfonates.
The market study is being classified by Type (1-Butene, 1-Hexene, 1-Octene and Others), by Application (Linear low-density polyethylene (LLDPE), High-density polyethylene (HDPE), Valeraldehyde, Plasticizers, Lubricants and Others) and major geographies with country level break-up. According to AMA, the Global Alpha Olefin market is expected to see growth rate of 4.8%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Alpha Olefin market throughout the predicted period.
Chevron Phillips Chemical Company LLC (United States), Royal Dutch Shell Plc (Netherlands), Exxon Mobil Corporation (United States), Saudi Arabia Basic Industries Corporation (United States), Idemitsu Petrochemical (India), Evonik Industries AG (Germany), Godrej Industries Ltd. (United States), Ineos Oligomers (United States), Linde AG (Germany), Mitsubishi Chemical (Japan) and BASF SE (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nizhnekamskneftekhim (Russia), Qatar chemical (Qatar) and Reliance Industries (India).
AdvanceMarketAnalytics has segmented the market of Global Alpha Olefin market by Type, Application and Region.
On the basis of geography, the market of Alpha Olefin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 7th January 2019, Shell Chemical LP (Shell) has started production of the fourth alpha olefins (AO) unit at its Geismar, Louisiana, USA chemical manufacturing site. The 425,000-tonne-per-year capacity expansion brings total AO production at Geismar to more than 1.3 million tonnes per annum.
- The Increasing Use of Olefins As Synthetic Drilling Fluids Used In Drilling Of Oil & Gas
- High Adoption Due To Use In Chemical Synthesis
- Rising Demand in Automotive Industry and Furnishing
- High Adoption Due to Use in Plastic Packaging
- Huge Demand for Bio-Based Alpha Olefins
- Rising Consumer Goods Markets in the Developing Countries
- The Fluctuating Raw Material Prices
- Stringent Environmental Regulations
Key Target AudienceAlpha Olefins Manufacturers, Dealers and Suppliers of Alpha Olefins, Traders and Distributors of Alpha Olefins, Regulatory Organizations, Research Organizations and Consulting Companies., Market Research and Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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