HOME Top Market Reports Alpha Olefins Market by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals), and Region - Global Forecast to 2022

Alpha Olefins Market by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: CH 2161

 

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The global alpha olefins market was USD 8.76 Billion in 2016 and is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8% during the forecast period. In this report, 2016 is considered the base year and the forecast period is from 2017 to 2022.

The objectives of this study are:

  • To estimate and forecast the global alpha olefins market size in terms of volume and value
  • To provide detailed information regarding the major factors (drivers, restraints, and opportunities) influencing the growth of the market
  • To define, describe, and forecast the market size on the basis of type and application
  • To forecast the size of the market based on five major regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To track and analyze recent developments such as mergers & acquisitions, expansions, and new product developments in the market
  • To strategically profile the key market players and comprehensively analyze their core competencies

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the alpha olefins market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study.

Alpha Olefin Market

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The global alpha olefins market is becoming increasingly competitive, there are many market participants, and some of these are market leaders.  There are established players in the alpha olefins market such as Shell (The Netherlands), Chevron Phillips (US), and Dow Chemical (US), among others. These top players have significant control over the market and retain their respective positions by launching new products and are undertaking substantial investments to comply with regulations to produce energy efficient and environment friendly products. All these factors make the alpha olefins market highly competitive.

Target Audience:

  • Alpha Olefin Manufacturers
  • Alpha Olefin Dealers
  • Alpha Olefin Suppliers
  • End Users, Raw Material Suppliers, and Others

Scope of the report

This report categorizes the global alpha olefins market based on type, application, and region.

Market Segmentation, by Type:

  • 1-Butene
  • 1-Hexene
  • 1-Octene
  • Others
    • 1-Decene
    • 1-Dodecene
    • 1-Tetradecene
    • 1-Hexadecene
    • 1-Octadecene
    • Others

Market Segmentation, by Application:

  • Polyolefin Co-monomers
  • Surfactants and Intermediates
  • Lubricants
  • Fine Chemicals
  • Plasticizers
  • Oil Field Chemicals
  • Others

Market Segmentation, by Region:

  • Asia-Pacific
    • China
    • South Korea
    • Japan
    • India
    • Singapore
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Belgium
    • Italy
    • France
    • The Netherlands
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • Iran
    • UAE
    • Qatar
    • Rest of Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiles of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Growth Opportunities for the Alpha Olefins Manufacturers Between 2016 and 2022
    4.2 Global Alpha Olefins Market to Grow at A Steady Rate
    4.3 Asia-Pacific Aplha Olefins Market Scenario By Country and Application
    4.4 Leading Countries in the Alpha Olefins Market, 2017
    4.5 Alpha Olefins Market in 2017, By Application

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Discovery of Shale Gas
                    5.2.1.2 Growth of End-Use Industries
                    5.2.1.3 Increasing Demand for Pao-Based Synthetic Lubricants
           5.2.2 Opportunities
                    5.2.2.1 Growing R&D Investments for the Development of Alpha Olefins From Different Sources
           5.2.3 Challenges
                    5.2.3.1 Volatile Raw Material Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Oil & Gas Industry
           5.4.2 Automotive Industry

6 Alpha Olefins Market By Type (Page No. - 43)
    6.1 Introduction
    6.2 Market Analysis By Type
           6.2.1 1-Butene
           6.2.2 1-Hexene
           6.2.3 1-Octene
           6.2.4 Others
                    6.2.4.1 1-Decene
                    6.2.4.2 1-Dodecene
                    6.2.4.3 1-Tetradecene
                    6.2.4.4 1-Hexadecene
                    6.2.4.5 1-Octadecene
                    6.2.4.6 Others

7 Alpha Olefins Market, By Application (Page No. - 51)
    7.1 Introduction
    7.2 Market Analysis By Application
           7.2.1 Polyolefin Comonomers
           7.2.2 Surfactants and Intermediates
           7.2.3 Lubricants
           7.2.4 Fine Chemicals
           7.2.5 Plasticizers
           7.2.6 Oil Field Chemicals
           7.2.7 Others

8 Alpha Olefins Market, By Region (Page No. - 60)
    8.1 Introduction
    8.2 North America
           8.2.1 By Type
           8.2.2 By Application
           8.2.3 By Country
                    8.2.3.1 U.S.
                    8.2.3.2 Canada
                    8.2.3.3 Mexico
    8.3 Europe
           8.3.1 By Type
           8.3.2 By Application
           8.3.3 By Country
                    8.3.3.1 Germany
                    8.3.3.2 Belgium
                    8.3.3.3 Italy
                    8.3.3.4 France
                    8.3.3.5 The Netherlands
                    8.3.3.6 Russia
                    8.3.3.7 Rest of Europe
    8.4 Asia-Pacific
           8.4.1 By Type
           8.4.2 By Application
           8.4.3 By Country
                    8.4.3.1 China
                    8.4.3.2 Japan
                    8.4.3.3 South Korea
                    8.4.3.4 India
                    8.4.3.5 Singapore
                    8.4.3.6 Rest of Asia-Pacific
    8.5 Middle East & Africa
           8.5.1 By Type
           8.5.2 By Application
           8.5.3 By Country
                    8.5.3.1 Saudi Arabia
                    8.5.3.2 Iran
                    8.5.3.3 UAE
                    8.5.3.4 Qatar
                    8.5.3.5 Rest of Middle East & Africa
    8.6 South America
           8.6.1 By Type
           8.6.2 By Application
           8.6.3 By Country
                    8.6.3.1 Brazil
                    8.6.3.2 Argentina
                    8.6.3.3 Venezuela
                    8.6.3.4 Colombia
                    8.6.3.5 Rest of South America

9 Competitive Landscape (Page No. - 103)
    9.1 Introduction
    9.2 Market Share Analysis

10 Company Profiles (Page No. - 104)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     10.1 Royal Dutch Shell
     10.2 Chevron Phillips Chemical Company
     10.3 Ineos Group Limited
     10.4 Sabic
     10.5 Sasol Limited
     10.6 Evonik Industries AG
     10.7 The DOW Chemical Company
     10.8 Exxonmobil
     10.9 Qatar Chemical Company
     10.10 PJSC Nizhnekamskneftekhim
     10.11 Other Company
             10.11.1 Mitsubishi Cehmical Corporation
             10.11.2 Idemitsu Petrochemical Company
             10.11.3 Sinopec Beijing Yashan Company
             10.11.4 Petro Rabigh
             10.11.5 Mitsui Chemicals Inc.
             10.11.6 Gurevesky Kazakhstan
             10.11.7 NPC Iran
             10.11.8 JAM Petrochemical Company
             10.11.9 TPC Group
             10.11.10 Oil and Gas National Corporation
             10.11.11 Saudi Aramco Total Refining and Petrochemical Company (Satorp)

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 125)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (113 Tables)

Table 1 Shale Gas: Total Unproven Technically Recoverable Reserves (Tcf)
Table 2 Crude Oil Production Statistics: Country Wise, 2015–2022 (Million Tonnes)
Table 3 Natural Gas Production Statistics: Country Wise 2015–2022 (Billion Cubic Metres)
Table 4 Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 5 Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 6 1-Butene: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 7 1-Butene: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 8 1-Hexene: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 9 1-Hexene: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 10 1-Octene: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 11 1-Octene: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 12 Others: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 13 Others: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 14 Alpha Olefins Market, By Application, 2015–2022 (Kiloton)
Table 15 Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 16 Polyolefin Comonomers: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 17 Polyolefin Comonomers: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 18 Surfactants and Intermediates: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 19 Surfactants and Intermediates: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 20 Lubricants: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 21 Lubricants: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 22 Fine Chemicals: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 23 Fine Chemicals: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 24 Plasticizers: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 25 Plasticizers: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 26 Oil Field Chemicals: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 27 Oil Field Chemicals: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 28 Others: Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 29 Others: Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 30 Alpha Olefins Market, By Region, 2015–2022 (Kiloton)
Table 31 Alpha Olefins Market, By Region, 2015–2022 (USD Million)
Table 32 North America: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 33 North America: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 34 North America: Alpha Olefins Market, By Application, 2015–2022 (Kiloton)
Table 35 North America: Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 36 North America: Alpha Olefins Market, By Country, 2015–2022 (Kiloton)
Table 37 North America: Alpha Olefins Market, By Country, 2015–2022 (USD Million)
Table 38 U.S.: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 39 U.S.: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 40 Canada: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 41 Canada: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 42 Mexico: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 43 Mexico: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 44 Europe: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 45 Europe: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 46 Europe: Alpha Olefins Market, By Application, 2015–2022 (Kilton)
Table 47 Europe: Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 48 Europe: Alpha Olefins Market, By Country, 2015–2022 (Kiloton)
Table 49 Europe: Alpha Olefins Market, By Country, 2015–2022 (USD Million)
Table 50 Germany: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 51 Germany: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 52 Belgium: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 53 Belgium: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 54 Italy: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 55 Italy: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 56 France: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 57 France: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 58 The Netherlands: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 59 The Netherlands: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 60 Russia: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 61 Russia: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 62 Rest of Europe: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 63 Rest of Europe: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 64 Asia-Pacific: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 65 Asia-Pacific: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 66 Asia-Pacific: Alpha Olefins Market, By Application, 2015–2022 (Kiloton)
Table 67 Asia-Pacific: Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 68 Asia-Pacific: Alpha Olefins Market, By Country, 2015–2022 (Kiloton)
Table 69 Asia-Pacific: Alpha Olefins Market, By Country, 2015–2022 (USD Million)
Table 70 China: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 71 China: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 72 Japan: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 73 Japan: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 74 South Korea: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 75 South Korea: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 76 India: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 77 India: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 78 Singapore: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 79 Singapore: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 80 Rest of Asia-Pacific: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 81 Rest of Asia-Pacific: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 82 Middle East & Africa: Alpha Olefins Market, By Type, 2015–2022 (Kilton)
Table 83 Middle East & Africa: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 84 Middle East & Africa: Alpha Olefins Market, By Application, 2015–2022 (Kiloton)
Table 85 Middle East & Africa: Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 86 Middle East & Africa: Alpha Olefins Market, By Country, 2015–2022 (Kiloton)
Table 87 Middle East & Africa: Alpha Olefins Market, By Country, 2015–2022 (USD Million)
Table 88 Saudi Arabia: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 89 Saudi Arabia: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 90 Iran: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 91 Iran: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 92 UAE: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 93 UAE: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 94 Qatar: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 95 Qatar: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 96 Rest of Middle East & Africa: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 97 Rest of Middle East & Africa: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 98 South America: Alpha Olefins Market, By Type, 2015–2022 (Kilton)
Table 99 South America: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 100 South America: Alpha Olefins Market, By Application, 2015–2022 (Kilton)
Table 101 South America: Alpha Olefins Market, By Application, 2015–2022 (USD Million)
Table 102 South America: Alpha Olefins Market, By Country, 2015–2022 (Kiloton)
Table 103 South America: Alpha Olefins Market, By Country, 2015–2022 (USD Million)
Table 104 Brazil: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 105 Brazil: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 106 Argentina: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 107 Argentina: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 108 Venezuela: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 109 Venezuela: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 110 Colombia: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 111 Colombia: Alpha Olefins Market, By Type, 2015–2022 (USD Million)
Table 112 Rest of South America: Alpha Olefins Market, By Type, 2015–2022 (Kiloton)
Table 113 Rest of South America: Alpha Olefins Market, By Type, 2015–2022 (USD Million)


List of Figures (27 Figures)

Figure 1 Alpha Olefins: Market Segmentation
Figure 2 Alpha Olefins Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Alpha Olefins Market: Data Triangulation
Figure 6 1- Butene to Dominate the Alpha Olefins Market Between 2017 and 2022
Figure 7 Polyolefin Comonomers Application is Estimated to Be the Largest Application in 2016
Figure 8 North America is the Largest Market for Alpha Olefins By Volume and Value
Figure 9 China is Expected to Register the Highest Growth During the Forecast Period
Figure 10 Long-Term Sustainablity in the Alpha Olefins Market
Figure 11 Asia-Pacific Will Account for the Fastest Growing Region During the Forecast Period
Figure 12 Alpha Olefins Market: Polyolefin Comonomers Accounts for the Maximum Market Share in Asia-Pacific
Figure 13 Qatar Will Be the Fastest-Growing Market of Alpha Olefins
Figure 14 Polyolefins Comonomers Application of Alpha Olefins to Dominate the Market Globally
Figure 15 Natural Gas Historical Price Trend (1997–2017)
Figure 16 Porter’s Five Forces Analysis
Figure 17 North America: U.S. Will Dominate the Alpha Olefins Market Between 2017 and 2022
Figure 18 Asia-Pacific: China is Estimated to Be Fastest Growing Market Between 2017 and 2022
Figure 19 Royal Dutch Shell: Company Snapshot
Figure 20 Chevron Phillips Chemical Company: Company Snapshot
Figure 21 Ineos Group Limited: Company Snapshot
Figure 22 Sabic: Company Snapshot
Figure 23 Sasol Limited: Company Snapshot
Figure 24 Evonik Industries AG: Company Snapshot
Figure 25 The DOW Chemical Company: Company Snapshot
Figure 26 Exxonmobil: Company Snapshot
Figure 27 PJSC Nizhnekamskneftekhim: Company Snapshot

The alpha olefins market is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8% from 2017 to 2022. The market in several growing economies of the Asia-Pacific and the Middle East & Africa is expected to witness high growth owing to the increasing spending power, growth in the infrastructure industry, and growth in the manufacture of plastics and automotives. Moreover, increasing populations and rising consumption of packaged food are also contributing significantly to the growth of the alpha olefins market in the Asia-Pacific.

The different types of alpha olefins are 1-Butene, 1-Hexene, 1-Octene, and others. Lighter olefins are primarily used in the production of polyethylene which is further used to manufacture LLDPE, HDPE, and others. 1-Octene is used to produce plasticizers and lubricants, among others. The increasing need for plastics such as HDPE, LLDPE, and LDPE across various end uses are also contributing the growth of the market for 1-Octene in the region. Additionally, alpha olefins provide a versatile range of polypropylene resins. All these factors are expected to lead to the increasing demand for alpha olefins during the forecast period.

Based on applications the market is segmented into seven major types namely, polyolefin co-monomers, lubricants, surfactants and intermediates, fine chemicals, plasticizers, and oil field chemicals, among others. Polyolefin co-monomers occupy the largest market share in the alpha olefins market, as these are used to manufacture polymers such as LLDPE, HDPE, and LDPE which have various applications across several industries.

North America was the largest market for alpha olefins in 2016, globally. High consumption potential, growing production capacities, competitive manufacturing costs, and high economic growth are the major driving forces for the market in the region. North America is characterized by technological innovations in various segments of the alpha olefins industry. It houses some of the top regional players such as Chevron Phillips (US) and ExxonMobil (US). High growth in the region is expected to be backed by increasing demand from the plastics industry coupled with rising awareness about environment friendly products. Whereas, the Asia-Pacific is projected to register the highest growth in the alpha olefins market. The increased demand from the plastics industry for the production of polyethylene is projected to drive the market for alpha olefins in the Asia-Pacific. Moreover, growth of the automobile industry is expected to lead to a surge in the demand for alpha olefins in the synthetic lubricants segment. In addition, major global players are establishing export oriented facilities in the Asia-Pacific region which is thus expected to further lead to an increasing demand for alpha olefins.

Alpha Olefin Market

The major drivers contributing to the growth of the alpha olefins market are growing end-use industries, discovery of shale gas, and increasing demand for polyalpha olefin based lubricants. Growing R&D investments for the development of alpha olefins are expected to act as an opportunity for stakeholders in the alpha olefins market. Developments in the market, including new product launches, expansions, and capital investments, are expected to the help the growth of the market. Leading alpha olefin manufacturers have opted for the new product launches and expansions strategies in order to sustain their market positions. Manufacturers are undertaking investments to increase their production capacities of alpha olefins to introduce new products.  The companies profiled in this report are Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd. (Qatar), among others.

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