Global Alpha Olefins Market
Global Alpha Olefins Market
By Application (Surfactants and Intermediates, Polyolefin Co-monomers, Fine Chemicals, Lubricants, Oil Field Chemicals,Plasticizers), Product (1-Hexene,1-Butene, 1-Decene, 1-Octene, 1-Dodecene), and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) – Market Size, Status and Forecast to 2025
The global alpha olefins market was valued at USD 8.72 billion in 2016 and is projected to reach USD 17.07 billion by 2025, growing at a CAGR of 7.75% from 2017 to 2025.
Alpha olefins belong to a family of organic compounds with chemical formula CxH2x, and are distinguished by having a double bond at the alpha (α) position. The double bond at the alpha position is responsible for growing demand for this product in applications such as surfactants, polyolefin co-monomers, fine chemicals, lubricants and plasticizers.
1. Market Drivers
1.1 Growing demand from end-use industries
1.2 Increase in demand for Paos lubricants
2. Market Restraints
2.1 Volatile prices of raw materials
The global alpha olefins marketis segmented on the basis of product, application, and region.
1. Global alpha olefins market, by Product:
2. Global alpha olefins market, by Application:
2.1 Polyolefin Comonomers
2.2 Surfactants and Intermediates
2.5 Fine Chemicals
2.6 Oil Field Chemicals
The major players in the market are as follows:
1. Chevron Phillips Chemical Company
2. Royal Dutch Shell PLC
5. Evonik Industries AG
6. Exxonmobil Corporation
7. Qatar Chemical Company Ltd.
8. The Dow Chemical Company
9. Sasol Limited
10. PJSC Nizhnekamskneftekhim
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Alpha Olefins Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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