Market Overview:
The global alpha olefins market is constantly growing mainly due to the extensive use and demand from some of the growing sectors such as chemicals and O&G refineries among others. Alpha olefins are also used in the crude oil refining process and as drilling machinery fuel in oil & gas exploration. Moreover, the augmenting consumption of alpha olefins for the production of polyolefin, synthetic lubricant, and detergent escalates the market on the global platform.
Acknowledging the rapid expansion, this market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global alpha olefins market will garner exponential accruals by 2023, registering a significant CAGR throughout the review period (2017-2023). The augmenting demand for crude oil is a key driving force behind the market growth.
For majority of the industries around the globe alpha olefins are common feedstock. The major applications of these compounds are comonomer for polyolefin production, synthetic lubricant production, as surfactant in detergent production and crude oil refining, and also used as drilling machinery fuel in oil & gas exploration. Alpha olefins production has two routes, one is by the catalytic oligomerization of ethylene and the other is by fishcer-tropsch processes to produce C4-C20+ long chain linear olefin compounds. Alpha olefins are end products from the petroleum refineries. So, the entire global market of these compounds are reliant on the global volume figures of crude oil processing.
Top Manufacturers:
- Chevron Phillips Chemical Company LLC (U.S.),
- Royal Dutch Shell plc (the Netherlands),
- Ineos Group Limited (U.K),
- Sasol Limited (South Africa),
- SABIC (Saudi Arabia),
- The Dow Chemical Company (U.S.),
- Qatar Chemical Company Ltd. (Qatar),
- PJSC Nizhnekamskneftekhim (Russia),
- Idemitsu Kosan Co., Ltd. (Japan),
- Evonik Industries AG (Germany)
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Alpha Olefins Market Segmentation:
The global alpha olefins market is categorized on the basis of type, application, and region.
On the basis of type, the market is bifurcated into 1-butene, 1-hexene, 1-octene, 1-decene and others.
On the basis of application, the alpha olefins market is categorized into polyolefin comonomer, plasticizer, lubricant, surfactant, drilling machinery fuel, and others.
On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
continued..
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Global Alpha Olefins Market Geographical Analysis:
Asia Pacific market is anticipated to grow with the highest CAGR during the assessment period, 2017 to 2023 due to increasing construction projects in this region. The demand for alpha olefins is predicted to surge in numerous countries of the Asia Pacific such as China, India, Indonesia, Japan and South Korea due to increased pipes production which is anticipated to fuel the alpha olefin market.
North American alpha olefins market is predicted to observe a huge growth on account of high alpha olefin consumption in order to produce synthetic lubricants which is major application of alpha olefins compounds, increasing alpha olefins production capacities, and rising economic growth rate.
In Europe, the demand for alpha olefins is predicted to grow in various countries such as Italy, Germany, Spain, UK, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth.
Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in alpha olefins.
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