MARKET OVERVIEW
Alpha olefins are a group of linear alpha-olefin (LAO) hydrocarbons produced from ethylene oligomerization. They are a type of alkenes, which are hydrocarbons that contain a double carbon-carbon bond. Alpha olefins are colorless, flammable liquids or solids with a characteristic alkene odor. They are typically produced through the oligomerization of ethylene, a process involving repeated addition of ethylene molecules to form a chain of increasing length. The market for alpha olefins is driven by the increasing demand for these products in various end-use industries, such as personal care, automotive, and industrial. The growing use of Laos as an intermediate in producing biofuels is also expected to drive market growth.
MARKET DYNAMICS
The alpha olefins market is anticipated to grow in the forecast period owing to driving factors such as growing demands from automotive, plastic, and other end-use industry. Moreover, the discovery of shale gas and demands for PAO-based synthetic lubricants fuel alpha olefins market growth. Nonetheless, growing R&D for the development of a product from different sources offer significant growth opportunity for the alpha olefins market and the major players involved.
MARKET SCOPE
The "Global Alpha Olefins Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the alpha olefins market with detailed market segmentation by product, application, and geography. The global alpha olefins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading alpha olefins market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global alpha olefins market is segmented based on product and application. Based on product, the market is segmented as 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, and others. Based on the application the market is segmented as polyethylene, detergent alcohol, synthetic lubricants, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global alpha olefins market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The alpha olefins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the alpha olefins market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social, and technological factors affecting the alpha olefins market in these regions.
MARKET PLAYERS
The reports cover key developments in the alpha olefins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the alpha olefins market are anticipated to have lucrative growth opportunities in the future with the rising demand for alpha olefins in the global market. Below mentioned is the list of a few companies engaged in the alpha olefins market.
The report also includes the profiles of key alpha olefins companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key developments in the past five years.
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- INEOS AG
- Mitsubishi Chemical Corporation
- PJSC Nizhnekamskneftekhim
- Qatar Petroleum
- Royal Dutch Shell plc
- SABIC
- Sasol Limited
- The Dow Chemical Company