Alpha Olefins Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2023

Research Reports

Jan 18, 2021

Alpha Olefins Market Analysis

The alpha olefins market is predicted to grow at a healthy CAGR between 2016- 2023, as per the new report by Market Research Future (MRFR). Alpha olefins, simply put, are organic compounds that contain olefins or alkenes that are generally manufactured by oligomerization of ethylene. 1-decene, 1-octene, 1-hexene, 1-butene, and others are the different types of alpha olefins.

Various factors are adding to the global alpha olefins market growth. Such factors, according to the new MRFR report, include growing demand from the plastics industry, use in polyethylene production, increasing use in the automotive industry, and as drilling fluid in oil & gas exploration sector, global population propulsion, and rising disposable income especially in emerging economies.

Additional factors adding market growth include rapid urbanization, use of LLDPE and HDPE pipes in construction industries, increasing consumption of lubricants, rising automobile production as well as sales, increasing crude oil refining, booming oil and gas industry, and rising expenditure on research activities. Besides, the growing demand for synthetic lubricants for cars is also adding market growth.

Covid-19 Analysis on Alpha Olefins Market/Covid-19 ABC Market Analysis

Halted manufacturing activities have weakened the demand for alpha olefins. The lockdown and social distancing have resulted in a halt of transportation. Companies have shut down and have been most impacted as they are largely dependent on factories in China for finished goods, parts, or raw materials. The COVID-19 pandemic has resulted in severe disruptions in the global supply chains of alpha olefins.

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Alpha Olefins Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global alpha olefins market report based on application and type.

By type, the alpha olefins market is segmented into 1-decene, 1-octene, 1-hexene, 1-butene, and others. Of these, the 1-butene segment will lead the market over the forecast period.

By application, the global alpha olefins market has been segmented into drilling machinery fuel, surfactant, lubricant, plasticizer, polyolefin comonomer, and others. Of these, the polyolefin comonomer will dominate the market over the forecast period.

Alpha Olefins Market Regional Analysis

Based on the region, the alpha olefins market report covers the recent trends & growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region will dominate the market over the forecast period for the presence of many oil and gas reserves in the region and increased pipes production in South Korea, Japan, Indonesia, India, and China. Besides, the booming construction sector is also adding market growth in the region.

The global alpha olefins market in North America is predicted to have the second-largest share over the forecast period for its increasing consumption for producing synthetic lubricants, increasing economic growth rate, and rising production capacities. The US is the major contributor in the region, followed by Canada for the increasing crude oil production.

The alpha olefins market in Europe is predicted to have favorable growth over the forecast period for the presence of leading automobile manufacturers in Germany, consumers growing purchasing power, and rising expenditure in innovation, Russia, France, the UK, Spain, Germany, and Italy are the chief contributors in the region.

The alpha olefins market in Latin America and the MEA is predicted to have substantial growth over the forecast period for new inventions and new technologies coupled with increasing spending of consumers on passenger cars. Brazil, Colombia, and Argentina are the chief contributors in the region.

Key Players

Key players profiled in the global alpha olefins market report include Idemitsu Kosan Co.,Ltd. (Japan), Evonik Industries AG (Germany), Qatar Chemical Company Ltd. (Qatar), PJSC Nizhnekamskneftekhim (Russia), The Dow Chemical Company (U.S.), Sasol Limited (South Africa), SABIC (Saudi Arabia), Ineos Group Limited (U.K), Chevron Phillips Chemical Company LLC (U.S.), and Royal Dutch Shell Plc (the Netherlands).

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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