Linear Alpha Olefins Market Forecasts to 2028 – Global Analysis By Application (Detergent Alcohols, Oilfield Chemicals, Oxo-Alcohols), End User (Chemical, Cosmetics & Pharmaceuticals, Packaging and Paper) and By Geography
According to Stratistics MRC, the Global Linear Alpha Olefins Market is accounted for $9.38 billion in 2020 and is expected to reach $15.64 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Positive application outlook in detergent alcohols, lubricants, oilfield chemicals, and plasticizers, extensive use as co-monomers for polypropylene and polyethylene production are factors driving the market growth. However, volatility in the prices of raw materials is hampering the growth of the market.
Linear alpha olefins, also known as normal alpha olefins, are alkenes with a terminal double bond between the first and the second carbon atom and a chemical formula CXH2X. In 1960s, they were produced by the thermal cracking of waxy paraffin found in crude oils. Nowadays, they are produced on an industrial level by a process of oligomerization of ethylene.
Based on the type, the 1-Hexene segment is going to have lucrative growth during the forecast period poly-alpha-olefins finds use in automotive engines as synthetic lubricant and as polyethylene in packaging industry. By geography, Asia Pacific is going to have high growth during the forecast period due to high demand from end-use industries such as packaging, automotive, pharmaceuticals and chemical industries in the region.
Some of the key players profiled in the Linear Alpha Olefins Market include Royal Dutch Shell PLC, Sasol, Qatar Chemical Company Ltd (Q-Chem), Chevron Phillips Chemical Company, The Dow Chemical Company, Idemitsu Kosan Co.Ltd, The Linde Group , INEOS, Nizhnekamskneftekhim, JAM Petrochemicals Company, Evonik Industries, Petrochemicals Sdn. Bhd,, Mitsubishi Chemical Corp and Exxon Mobil Corporation.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Higher Olefins
• Detergent Alcohols
• Oilfield Chemicals
• Synthetic Lubricant
• Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Linear Low-Density Polyethylene (LLDPE)
• Polyethylene Manufacturing
• Surfactants & Intermediates
• Fine Chemicals
• Poly-Alpha Olefins (PAOs)
• Plasticizer Alcohols (C4-C13)
• Polyethylene Co-Monomers
End Users Covered:
• Consumer Goods
• Cosmetics & Pharmaceuticals
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Linear Alpha Olefins Market is majorly driven by positive application outlook in detergent alcohols, lubricants, oilfield chemicals, and plasticizers, extensive use as co-monomers for polypropylene and polyethylene production.
The 1-hexene segment is growing at a highest CAGR owing to increasing demand for polyethylene with respect to the rise in the consumer goods and automotive market.
North America dominated with a significant market share due to the factors such as huge and diverse industrial base with constant development in the petrochemical and gas & oil infrastructure.
Asia Pacific market is growing at a highest CAGR owing to high demand from end-use industries such as packaging, automotive, pharmaceuticals and chemical industries in the region.
Key players in Linear Alpha Olefins Market include Royal Dutch Shell PLC, Sasol, Qatar Chemical Company Ltd (Q-Chem), Chevron Phillips Chemical Company, The Dow Chemical Company, Idemitsu Kosan Co.Ltd, The Linde Group , INEOS, Nizhnekamskneftekhim, JAM Petrochemicals Company, Evonik Industries, Petrochemicals Sdn. Bhd,, Mitsubishi Chemical Corp and Exxon Mobil Corporation.
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