The report "Alpha Olefins Market by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals), and Region - Global Forecast to 2022".
The global alpha olefins market is estimated at USD 9.26 Billion in 2017 and is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8%. The polyolefin co-monomers segment is projected to be the largest market for alpha olefins from 2017 to 2022, owing to the rapid growth of the plastics industry in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for plastics, which in turn are driving the alpha olefins market in the polyolefin co-monomers application.
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The different types of alpha olefins are 1-Butene, 1-Hexene, 1-Octene, and others. Lighter olefins are primarily used in the production of polyethylene which is further used to manufacture LLDPE, HDPE, and others. 1-Octene is used to produce plasticizers and lubricants, among others. The increasing need for plastics such as HDPE, LLDPE, and LDPE across various end uses are also contributing the growth of the market for 1-Octene in the region. Additionally, alpha olefins provide a versatile range of polypropylene resins. All these factors are expected to lead to the increasing demand for alpha olefins during the forecast period.
The major drivers contributing to the growth of the alpha olefins market are growing end-use industries, discovery of shale gas, and increasing demand for polyalpha olefin based lubricants. Growing R&D investments for the development of alpha olefins are expected to act as an opportunity for stakeholders in the alpha olefins market. Developments in the market, including new product launches, expansions, and capital investments, are expected to the help the growth of the market. Leading alpha olefin manufacturers have opted for the new product launches and expansions strategies in order to sustain their market positions. Manufacturers are undertaking investments to increase their production capacities of alpha olefins to introduce new products. The companies profiled in this report are Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd. (Qatar), among others.
For More Info: https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html
The global alpha olefins market is estimated at USD 9.26 Billion in 2017 and is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8%. The polyolefin co-monomers segment is projected to be the largest market for alpha olefins from 2017 to 2022, owing to the rapid growth of the plastics industry in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for plastics, which in turn are driving the alpha olefins market in the polyolefin co-monomers application.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=1282
The different types of alpha olefins are 1-Butene, 1-Hexene, 1-Octene, and others. Lighter olefins are primarily used in the production of polyethylene which is further used to manufacture LLDPE, HDPE, and others. 1-Octene is used to produce plasticizers and lubricants, among others. The increasing need for plastics such as HDPE, LLDPE, and LDPE across various end uses are also contributing the growth of the market for 1-Octene in the region. Additionally, alpha olefins provide a versatile range of polypropylene resins. All these factors are expected to lead to the increasing demand for alpha olefins during the forecast period.
The major drivers contributing to the growth of the alpha olefins market are growing end-use industries, discovery of shale gas, and increasing demand for polyalpha olefin based lubricants. Growing R&D investments for the development of alpha olefins are expected to act as an opportunity for stakeholders in the alpha olefins market. Developments in the market, including new product launches, expansions, and capital investments, are expected to the help the growth of the market. Leading alpha olefin manufacturers have opted for the new product launches and expansions strategies in order to sustain their market positions. Manufacturers are undertaking investments to increase their production capacities of alpha olefins to introduce new products. The companies profiled in this report are Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd. (Qatar), among others.
For More Info: https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html
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