The Oil Field Chemicals Application is Projected to Register the Highest CAGR in the Alpha Olefins Market during the Forecast Period

The Alpha Olefins Market is projected to grow from USD 9.3 billion in 2017 to reach USD 13.5 billion by 2022, at a compound annual growth rate (CAGR) of 7.8% during the forecast period. The market is driven by the growing demand for automobiles & plastics and the growth of the major application segments such as polyolefin co-monomers, surfactants and intermediates, and lubricants.

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The alpha olefins market is characterized by the presence of players such as Chevron Phillips (US), Shell (Netherlands), Ineos (Switzerland), Sasol (South Africa), SABIC (Saudi Arabia), Evonik (Germany), ExxonMobil (US), Dow Chemical (US), Qatar Chemical Company Ltd (Qatar), and PJSC Nizhnekamskneftekhim (Russia), among others.

Market Segmentation, by Application:

• Polyolefin Co-monomers
• Surfactants and Intermediates
• Lubricants
• Fine Chemicals
• Plasticizers
• Oil Field Chemicals
• Others

Growth of the automobile and packaging industries in the Asia-Pacific is also expected to lead to the growth of the alpha olefins market. Additionally, factors such as increasing population, higher disposable incomes, higher standards of living, rising consumption of packaged food, and increasing automobile manufacturing facilities are also expected to contribute to its growth in the region.

Most of these companies are leaders in the alpha olefins market and are focusing on capturing the full value chain to achieve economies of scale and product innovations in order to strengthen their market shares.

Market players are concentrating on expanding their product portfolios and developing cost-effective technologies. The companies are investing in establishing new facilities mainly in emerging regions so as to increase their global reach. These developments are being undertaken to meet the increasing demand for alpha olefins for various applications.

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Shell (The Netherlands) is amongst the leading suppliers of alpha olefins. The company adopted expansions as a strategy to maintain its premium position in the market. For instance, in November 2015, it expanded its production capacity at its chemical manufacturing site in Louisiana (US). Similarly, in March 2015, it also invested at its Wesseling (Germany) plant to upgrade the steam cracking unit to produce heavy olefins and aromatics.

Chevron Phillips (US) also adopted the expansions strategy to sustain its premium market position. For instance, in December 2014, it expanded its ethylene business by increasing production capacity at its manufacturing facility in Texas. This expansion helped the company in supporting the growth of its olefins business.

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Polyolefins Comonomers Application of Alpha Olefins to Dominate the Market Globally

The global market for alpha olefins is expected to witness high growth between 2017 and 2022. Increasing demand from end-use industries such as automobiles and packaging are expected to drive the alpha olefins market. Shale gas, which is rich is olefin content, has been discovered in several countries recently, and thus has led to an expansion of the olefin industry. Abundant availability of cheap natural gas-based feedstock from North America’s highly productive shale has led to the growth of the alpha olefins industry. This increase in the availability of ethane and propane feedstock from shale gas has prompted nearly all major North American alpha olefin producers to announce ethylene/propylene or alpha olefins capacity additions.

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The global alpha olefins market has a large number of market players; however the market is led by some major players, such as 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.

Most of these companies are leaders in the alpha olefins market and are focusing on capturing the full value chain to achieve economies of scale and product innovations in order to strengthen their market shares.


Polyolefin co-monomers application accounted for the largest share in 2016

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.

1-Butene is expected to be the fastest-growing segment in the alpha olefins market

The main reason for the high demand for 1-Butene can be attributed to the increasing consumption of plastics and automobiles, which are its largest end-use industries. The growing plastics industry worldwide drives the market for 1-Butene, and demand is expected to be higher in emerging countries. The rising demand for plastic packaging in food, pharmaceutical, and other industries is boosting the plastics market, which in turn is expected to drive the alpha olefins market. 1-Butene is used as a copolymer in the production of gasoline, butadiene, and other products, which increases its scope of applications.

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Growth of the automobile and packaging industries in the Asia-Pacific is also expected to lead to the growth of the alpha olefins market. Additionally, factors such as increasing population, higher disposable incomes, higher standards of living, rising consumption of packaged food, and increasing automobile manufacturing facilities are also expected to contribute to its growth in the region.



Market players are concentrating on expanding their product portfolios and developing cost-effective technologies. The companies are investing in establishing new facilities mainly in emerging regions so as to increase their global reach. These developments are being undertaken to meet the increasing demand for alpha olefins for various applications.


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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Alpha Olefins Market - Business Overview, Products & Services, Key Insights, Recent Developments & SWOT Analysis

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%. Rising applications such as polyolefin co-monomers, lubricants, surfactants and intermediates, plasticizers, fine chemicals, and oil field chemicals are driving the alpha olefins market. Along with these, the growing demand for automobiles and plastics are also driving the market.

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The global alpha olefins market is becoming increasingly competitive, there are many market participants, and some of these are market leaders.  There are established players in the alpha olefins market such as Shell (The Netherlands), Chevron Phillips (US), and Dow Chemical (US), among others. These top players have significant control over the market and retain their respective positions by launching new products and are undertaking substantial investments to comply with regulations to produce energy efficient and environment friendly products. All these factors make the alpha olefins market highly competitive.

Market Segmentation, by Type:

• 1-Butene
• 1-Hexene
• 1-Octene

Market Segmentation, by Application:

• Polyolefin Co-monomers
• Surfactants and Intermediates
• Lubricants
• Fine Chemicals
• Plasticizers
• Oil Field Chemicals
• Others

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Polyolefin co-monomers application accounted for the largest share in 2016

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.

1-Butene is expected to be the fastest-growing segment in the alpha olefins market

The main reason for the high demand for 1-Butene can be attributed to the increasing consumption of plastics and automobiles, which are its largest end-use industries. The growing plastics industry worldwide drives the market for 1-Butene, and demand is expected to be higher in emerging countries. The rising demand for plastic packaging in food, pharmaceutical, and other industries is boosting the plastics market, which in turn is expected to drive the alpha olefins market. 1-Butene is used as a copolymer in the production of gasoline, butadiene, and other products, which increases its scope of applications.

North America was the largest alpha olefins market in 2016

In North America, the US was the largest market for alpha olefins in 2016, wherein the polyethylene industry is driven by demand from industries, such as automotive, packaging, and electrical & electronics. The alpha olefins industry is undertaking various technological developments and expansions to meet the increasing demand and enhance profit margins. The market in this region has promising growth potential owing to the availability of low-cost raw materials and the production of shale gas. The presence of polyolefin manufacturers such as Chevron Phillips Chemical Co., The Dow Chemical Company, and ExxonMobil in the US and their capacity expansion plans for polyolefins are expected to meet the demand for alpha olefins in the country.

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Increasing Populations and Rising Consumption of Packaged Food are Contributing Significantly to the Growth of the Alpha Olefins Market

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.

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