Alpha Olefins Market – Forecast to Reach $13.4 Billion by 2022 – Research and Markets
DUBLIN–(BUSINESS WIRE)–The "Alpha
Olefins Market by Type, Application and Region – Global Forecast to 2022"
report has been added to Research and Markets' offering.
The alpha olefins market is projected to reach USD 13.46 billion by
2022, at a CAGR of 7.8% between 2017 and 2022.
The drivers for this market are the increasing demand for automobiles
and plastics along with the recent discoveries of shale gas in several
countries. Additionally, demand is also expected to be driven by growing
applications such as lubricants and oil field chemicals, among others.
Polyalpha olefins based lubricants gained high acceptance as
high-performance lubricants as these possess highly desirable
characteristics such as high viscosity index, thermal stability,
oxidative stability, compatibility with mineral oils, and low toxicity.
Volatility in raw material prices is considered a restraint for the
growth of the alpha olefins market.
1-Butene is mainly used in the production of polyolefins such as
polyethylene and polypropylene which are considered major building
blocks in the petrochemical industry. It is also used to manufacture
fatty acids which are used in the production of plasticizers. The
Asia-Pacific is driving the market for 1-Butene in the alpha olefins
market. The growing packaging industry also fosters growth of 1-Butene
in the region. The large consumer base in the region demands the
production of polypropylene packaging materials, which therefore
triggers the demand for 1-Butene and other olefins to improve the
properties of the material.
- Chevron Phillips Chemical Company Lp.
- Evonik Industries AG
- Exxonmobil Corporation
- PJSC Nizhnekamskneftekhim
- Qatar Chemical Company Ltd
- Royal Dutch Shell PLC
- Sasol Limited
- The DOW Chemical Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Alpha Olefins Market By Type
7 Alpha Olefins Market, By Application
8 Alpha Olefins Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/7ck5m2/alpha_olefins
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