Alpha Olefin – Worldwide Market Size, Share & Trends Analysis & Forecast (2019-2025): 1-Hexene is Anticipated to Exhibit a Revenue-based CAGR of 5.8% from 2019 to 2025 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Alpha
Olefin Market Size, Share & Trends Analysis Report By Product (1-Hexene,
1-Octene), By Application (Polyethylene, Detergent Alcohol, Synthetic
Lubricants), And Segment Forecasts, 2019 – 2025" report has
been added to ResearchAndMarkets.com's offering.
The global alpha olefin market size is projected to reach USD 11.5
billion by 2025, according to a new report, exhibiting a 4.8% CAGR
during the forecast period. Increasing demand for polyethylene and
synthetic lubricants is driving demand for these products.
Increasing polyethylene demand from various end-use industries is
expected to remain a key driving factor for the global market. Surge in
demand can be attributed to its easy processability, versatility,
recyclability, and low cost of production. Growing population and
increasing consumer spending, coupled with increasing industrial output
in emerging markets of China, India, Brazil, and Mexico, have fuelled
Growing demand for polyalphaolefin in synthetic lubricants, because of
its ability to protect engines from wear and tear damages, is also
expected to fuel market growth over the forecast period. Synthetic
lubricants exhibit high demand owing to increasing usage in industrial,
automotive, marine, and aerospace industries. These lubricants are
gaining wide acceptance due to its benefits such as reduction in oil
consumption and increased thermal stability.
Increasing oilfield activities and petrochemical production in Middle
East have propelled ethylene production, thereby assisting the growth of
the alpha olefin market in the region. Major manufacturers are also
aiming to shift their production base in MEA, owing to the abundant
availability of raw material.
Further key findings from the report suggest:
By product, the 1-Hexene segment is anticipated to exhibit a
revenue-based CAGR of 5.8% from 2019 to 2025. It is used in large
quantities in the production of polyethylene, which is used in various
end-use industries such as packaging, consumer goods, and automotive.
By application, polyethylene production dominated the market in terms
of revenue, with a share of over 53% in 2018 owing to growing need for
lightweight, durable plastics. Infrastructural development in emerging
countries such as China, India, and Brazil has boosted demand for
high-density polyethylene (HDPE) pipes and cables.
The U.S. alpha olefin market is anticipated to exceed 1,541 kilotons
by 2025, owing to abundant availability of raw material, which has
spurred industrialization in the country.
Industry participants are focusing on developing new and sustainable
products, along with various R&D activities to fulfill the demand
stemming from local markets.
Some of the key industry participants are Chevron Phillips Chemical
Company LLC, Dow Chemical Co., ExxonMobil Corporation, and
Petrochemicals (Malaysia) Sdn. Bhd.
Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Research Methodology
Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Olefin- Industry Snapshot and Demand Analysis
Chapter 3 Market Variables, Trends & Scope
3.1. Market Lineage
3.2. Penetration & Growth Prospect Mapping
Industry Value Chain Analysis
3.4. Technology Overview
3.6. Market Dynamics
3.7. Trade Analysis
Business Environment Analysis:
Chapter 4 Alpha Olefin Market: Product Estimates & Trend Analysis
Alpha Olefin Market Share, by Product, 2015 & 2025
Alpha Olefin Demand, by Product, 2014-2025 (Kilotons) (Usd Million)
Chapter 5 Alpha Olefin Market: Application Estimates & Trend Analysis
Market Share, by Application, 2015 & 2025
5.2 Global Alpha
Olefin Demand, by Application 2014-2025 (Kilotons) (Usd Million)
Chapter 6 Alpha Olefin Market: Regional Estimates & Trend Analysis
Global Alpha Olefin Market Estimates and Forecasts, by Region 2014 –
2025 (Kilotons) (Usd Million)
6.2 North America
6.5 Middle East & Africa (Mea)
6.6 Central &
South America (Csa)
Chapter 7 Competitive Landscape
7.1 Key Global Players & Recent
Developments & Their Impact on the Industry
Company/Competition Categorization (Key Innovators, Market Leaders,
7.3. Vendor Landscape
7.4. Public Companies
Chapter 8 Company Profiles
8.1 Chevron Phillips Chemical Company LLC
Dow Chemical Co.
8.3 ExxonMobil Corporation
(Malaysia) Sdn. Bhd.
8.5 INEOS Oligomers
8.8 Qatar Chemical
Company Ltd (Q-chem)
8.9 Qatar Chemical Company II Ltd.
8.11 Saudi Basic Industries Corporation (SABIC)
Royal Dutch Shell PLC
For more information about this report visit https://www.researchandmarkets.com/r/err8mq
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