Stratview Research has published a new report on the Linear Alpha Olefins Market, segmented by Product Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, 1-Tetradecene, 1-Hexadecene, 1-Octadecene, and Others), by Application Type (LLDPE, HDPE, Poly Alpha Olefins, Detergent Alcohols, Oil Field Chemicals, Lubricants, Plasticizers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This report provides critical insights into the market dynamics and enables strategic decision-making for the existing and new market players.

Market Highlights

Linear Alpha Olefins Market is likely to witness an impressive CAGR of 5.5% during the forecast period.

Market Drivers

  • The rapid growth of consumer goods,
  • The growing automotive industry coupled with increasing per capita income.

What is linear alpha olefins?

Linear alpha olefins are basically olefins with a chemical formula CxH2x and are primarily used as a comonomer in polymerization processes for making linear low-density polyethylene.

Segmentation –

This report studies the Linear Alpha Olefins market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Based on the product type, the market is segmented as 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, 1-tetradecene, 1-hexadecene, 1-octadecene, and others. The 1-butene segment is estimated to register high growth in the market on account of its wide range of application scope in manufacturing commodity polymers and extensive utilization in flexible packaging and automotive industries. On the other hand, 1-decene is estimated to account for the major share of the market owing to its utilization in the production of synthetic lubricants.

Based on the application type, the market is segmented as LLDPE, HDPE, poly alpha olefins, detergent alcohols, oil field chemicals, lubricants, plasticizers, and others. LLDPE is estimated to account for the largest share of the market during the forecast period owing to its extensive utilization in the polymer industry. Further, oil field chemicals are estimated to witness significant growth in the market over the forecast period on account of increasing energy demand along with technological enhancements in shale oil & gas extraction and drilling in the U.S.

In terms of regions, Europe is estimated to register high growth rate in the market on account of the presence of major automobile manufacturers and stringent emission control regulations made by the government agencies in the region with Germany being the major country with lucrative growth opportunities in the regional market. On the other hand, Asia-Pacific is estimated to account for a significant share of the market on account of the increasing adoption of synthetic lubricants in automobile applications.

Key Players

  • Chevron Phillips Chemical Company
  • Evonik Industries
  • Exxon Mobil Corporation
  • Idemitsu Kosan Co. Ltd.
  • INEOS Oligomers
  • Nizhnekamskneftekhim
  • Qatar Chemical Company Ltd.
  • Royal Dutch Shell plc
  • SABIC
  • Sasol Ltd.

About Stratview Research-

Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.

Connect with our team here–
https://www.stratviewresearch.com/contact

Or

Call us @:  +1-313-307-4176