Global Alpha Olefins Market Analysis Report, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Region - Forecast to 2027
"Global Alpha Olefins Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027" is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global alpha olefins market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global alpha olefins market report has been segmented on the basis of product type, application, and region.
Alpha olefins or α-olefins are a family of organic compounds that is composed of alkenes or olefins with a chemical formula CxH2x. It is manufactured by the oligomerization of ethylene. Alpha olefins are differentiated from other mono-olefins having similar molecular formula by the hydrocarbon chain and the double bond position at the primary or alpha (α) position. It is used for various number of applications as the presence of double bond at alpha (α) position enhances the reactivity of the compound.
Major factor driving growth of the global market is the increasing demand for alpha olefins in various applications such as polyolefin co-monomers, surfactants and intermediates, automotive, and many more. In addition, increasing demand for polyalphaolefins based synthetic lubricants owing to thermal stability and chemical inertness property, is another factor expected to propel growth of the target market over the forecast period. Growing population and increasing demand for alpha olefins based food packaging products, which in turn boost demand for alpha olefins and is anticipated to drive growth of the target market over the forecast period. However, fluctuation in cost of raw materials, may hamper the demand and restrain growth of the target market over the forecast period. In addition, rising R&D investments for the production of bio-based alpha olefins, owing to the growing demand for bio-based products, is expected to create a lucrative opportunity for the global alpha olefins market to a significant extent over the forecast period.A trend observed in the target market is increasing adoption of alpha olefins, especially in ethylene production and shale oil boom, is expected to fuel growth of the global alpha olefins market over the forecast period.
Analysis by Segment:
Among the application segments, the polyolefin co-monomers segment is expected to register highest share in terms of revenue in the target market during the forecast period. This can be attributed to the rising demand for polymers such as LLDPE, HDPE, and LDPE, used for various applications in industries.
Analysis by Region:
North America alpha olefins market accounted for major share in terms of revenue and is expected to dominate the target market over the forecast period, owing to high consumption potential and presence of key players. The alpha olefins market in Asia Pacific is estimated to register significant share and is projected to witness fastest growth rate in the target market over the forecast period. Europe alpha olefins market is estimated to register a moderate growth in terms of revenue in the target market over the forecast period. The Middle East & Africa alpha olefins market is projected to witness a significant growth rate in the global alpha olefins market during the forecast period.
Global Alpha Olefins Market Segmentation:
Segmentation On the Basis of Product Type:
- Others (1-Decene, 1-Dodecene, 1-Tetradecene, etc.)
Segmentation On the Basis of Application:
- Polyolefin Co-monomers
- Surfactants and Intermediates
- Fine Chemicals
- Oil Field Chemicals
- Others (Plasticizers and Automotive)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Chevron Phillips Chemical Company LLC
- Royal Dutch Shell plc
- INEOS Group Limited
- Sasol Limited
- Evonik Industries AG
- The Linde Group
- Idemitsu Kosan Co., Ltd.
- Exxon Mobil Corporation
- Qatar Chemical Company Ltd
- PJSC Nizhnekamskneftekhim
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