“Global 1-Decene from Palm Oil Metathesis Market by Application, by End-use, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Forecast from 2020 to 2029” is a recently created report at MarketResearch.biz. It is through in-depth research study, both primary and secondary, inputs from industry experts, as well as systematic segmentation of the market, that the research results and outcome have been presented in a systematic flow in the final report. The report presents the first five-year cumulative revenue (2020 – 2024), which is expected to be valued at around US$ 1.3 Billion, and this is projected to increase significantly over the latter part of the five-year forecast period.
Global 1-Decene from the palm oil metathesis market is projected to register steady growth rate over the 10-year forecast period, particularly in emerging economies, due to growth in end-use industries present in these regions. For instance, countries such as Indonesia is very rich in crude palm oil, which gives the market players an opportunity to reap profits by entering in such untapped economies. 1-decene derived through metathesis of natural oil reduces source pollution and energy consumption. The process reduces overall manufacturing cost and capital expenditure, which increases the adoption of palm oil metathesis for 1-Decene production. Further, continuous efforts of organizations such as RSPO (Roundtable on Sustainable Palm Oil) that promotes growth and use of palm oil products is anticipated to boost market growth.
Browse the full “Global 1-Decene from Palm Oil Metathesis Market by Application, by End-use, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Forecast from 2020 to 2029” report at https://marketresearch.biz/report/1-decene-from-palm-oil-metathesis-market/
Global 1-Decene from Palm Oil Metathesis Market Dynamics
Demand for the product from the manufacturers operating in the chemical industry for manufacturing renewable products derived from renewable resources is increasing. This is promoting adoption of the metathesis process for production of fine chemicals produced from natural oil, and this is impacting growth of the market significantly.
Initial capital investment as well as the operating costs for conversion of plant oils by metathesis process are lower as compared to the petrochemical operations, which is projected to boost demand and production of 1-decene from natural oils including palm, soybean, and others. This is among the major factors projected to drive market growth.
Global 1-Decene from palm oil metathesis market is segmented based on application and end-use. Amongst all applications, the surfactants segment is expected to record largest share in terms of revenue. Among the end-uses, the household detergent segment is projected to record highest revenue share for the next 10 years. Government bodies across the globe are promoting use of bio-based products. Increasing government support and initiatives towards green chemicals are expected to further drive the target market over the forecast 10-year period.
Global 1-Decene from Palm Oil Metathesis Market: Segmental Snapshot
The global market report is segmented on basis of application, end-use, and region. The application segments include plasticizer alcohols, synthetic lubricant, surfactants, and other applications. The end-use segments include chemicals, household detergents, automotive & aviation, and other end uses. The regions covered in the analysis include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Application: The surfactants segment is expected to register comparatively higher CAGR of over 5% over the 10-year forecast period
By End-use: The household detergents segment is projected to register comparatively higher growth rate of over 5.1%, followed by the other end uses segment
By Region: The Asia Pacific 1-Decene from the palm oil metathesis market is projected to register highest CAGR of over 5.1%, followed by the market in North America
Competitive Analysis: Global 1-Decene from Palm Oil Metathesis Market
The research report on the global normal paraffin market include profiles of some of major players such as Chevron Phillips Chemical Company LLC, Merck KGaA, Idemitsu Kosan Co., Ltd., Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), INEOS Group AG, Tokyo Chemical Industry Co. Ltd., Exxon Mobil Corporation, and Qatar Chemical Company Ltd.
“Global 1-Decene from Palm Oil Metathesis Market: Insights, Market Size & Share, Growth Rate, Ongoing Trends, and Market Forecast: 2020–2029” report has been produced based on deep market study and analysis, along with inputs from experts in the industry. The report includes present scenario and growth prospects of the market for 2019–2029. We offer a 360-degree view of markets and provide accurate forecasts, and also cover competitive landscapes, with detailed market segmentation, key trends, and strategic recommendations to enable our clients to stay ahead of the competition.
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