Alpha Olefins Market

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Alpha Olefins Market by Type, Application (Poly-olefine Comonomer, Surfactants and Intermediates, Lubricants, Fine Chemicals, Oil Field Chemicals), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028

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Report Code: CH 2161 Jul, 2023, by marketsandmarkets.com

Alpha Olefin Market

The global alpha olefins market was valued at USD 7.1 billion in 2023 and is projected to reach USD 9.3 billion by 2028, growing at 5.6% cagr from 2023 to 2028. Polyolefins comonomers are one of the major applications of alpha-olefins and offer market growth opportunities. Polyolefins are mainly used for manufacturing major plastics such as LLDPE, HDPE, LDPE, and PP. The demand for these plastics will be driven primarily by the rapidly growing economies of Asia-Pacific, Central Europe, and the Middle East

Attractive Opportunities in the Alpha Olefins Market

Alpha Olefin Market

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Alpha Olefin Market

Alpha olefins Market Dynamics

Driver: Abundancy of cheap natural gas-based feedstock in North America

The abundance of natural gas feedstock has made North America a competitive region for petrochemical investment and production. The availability of low-cost feedstock, combined with advanced manufacturing capabilities and infrastructure, has attracted significant investments in the construction of new petrochemical facilities, expansions of existing plants, and the development of downstream industries. Natural gas serves as a crucial feedstock for the production of a wide range of petrochemicals, including alpha olefins. The primary feedstock for alpha olefins production is ethylene, which can be derived from the cracking of ethane, a major component of natural gas. The abundant supply of ethane, thanks to the shale gas revolution, has had a direct impact on the availability and affordability of natural gas-based feedstock for the petrochemical industry in North America.

The United States, in particular, experienced a significant increase in natural gas production as a result of the shale gas revolution. Vast reserves of shale gas were discovered and tapped in regions such as the Marcellus Shale in the northeastern United States, the Barnett Shale in Texas, the Haynesville Shale in Louisiana, and the Utica Shale in Ohio.

Restraint: Stringent government regulations pertaining to plastic products

Governments worldwide have imposed stringent regulations on the use of traditional plastics to protect the environment and prevent health hazards. For example, plastics have been banned or restricted in certain applications due to their adverse effects on health and the environment. Besides, various governments aim to promote the use of bio-based and sustainable plastics and increase the demand for eco-friendly products.

Opportunities: growing investments in R&D for the development of alpha olefins from different sources

The increasing investment in research and development (R&D) for the development of alpha olefins from different sources is driven by several key factors. One such factor is the growing demand for sustainable and environmentally friendly chemical production. As concerns about climate change and resource depletion intensify, there is a need to explore alternative feedstocks and production methods that reduce reliance on fossil fuels and minimize environmental impact.

Investing in R&D for alpha olefins from different sources, such as bio-based feedstocks or carbon capture and utilization, aligns with the goals of sustainability and circular economy. These efforts aim to utilize renewable resources, reduce greenhouse gas emissions, and maximize the utilization of waste streams or CO2 emissions as valuable feedstocks.

Challenges: Highly volatile prices of raw materials

The high volatility in raw material prices poses significant challenges to the alpha olefins market. Fluctuations in the prices of crude oil or natural gas, which serve as the primary feedstocks, introduce uncertainty and cost pressure for manufacturers. These price fluctuations can directly impact production costs, profitability, and competitiveness in the market. Manufacturers may struggle to accurately forecast costs and pricing, leading to challenges in supply chain management and customer relationships. Additionally, volatility in raw material prices can affect the market's competitiveness against alternative feedstocks or substitutes. Attempts to pass on increased costs to customers through price increases may face resistance, leading to potential loss of market share. Effective risk management strategies, such as hedging, long-term contracts, and diversification of feedstock sources, become crucial for alpha olefins producers to mitigate the impact of price fluctuations and ensure stability in a volatile market environment.

Market Trends

Alpha Olefin Market Ecosystem

1-Butene segment, by type, is expected to be the largest market during the forecast period

1-Butene is expected to register the highest growth during the forecast period. It is primarily used in the production of polyethylene and polypropylene, both of which are considered as the major building blocks in the petrochemical industry. Moreover, the increasing need for plastics such as HDPE, LLDPE, and LDPE is also contributing to its growth in the region. Moreover, 1-Butene serves as a starting material for the synthesis of various chemical intermediates. It can be converted into butadiene, a key monomer used in the production of synthetic rubbers, elastomers, and plastics. It is also used in the production of 1,3-butadiene, which is further processed into adiponitrile, a precursor for nylon production.

The Polyolefins Comonomer segment held the largest market share in the alpha olefins market By application,

Polyolefins comonomers offer flexibility in tailoring the properties of polyethylene and polypropylene to specific application needs. Different comonomers, such as 1-butene, 1-hexene, and 1-octene, have distinct effects on polymer properties, enabling manufacturers to create a wide range of polyolefin grades with varying characteristics. This versatility allows for customization and optimization of materials for different applications, including packaging, automotive, construction, and consumer goods.

“North America: The second fastest Alpha olefins market”

The market in Asia Pacific is witnessing the second-fastest region for alpha olefins. The industry will witness growth because the alpa olefins market in Asia Pacific is driven by rapid industrialization, economic growth, expanding construction and infrastructure development, increasing demand for polyethylene and the booming automotive industry. The regions strong manufacturing sectors rising consumer population and infrastructure projects create a significant demand for alpha olefins used in various application such as packaging, construction material, automotive components and synthetic lubricants.

Alpha Olefin Market by Region

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Key Market Players

The Alpha Olefins market is dominated by a few major players that have a wide regional presence. The key players in the Alpha olefins market are Royal Dutch Shell (Netherlands), Chevron Phillips Chemical Company (Texas), INEOS Group Limited (UK), SABIC (Saudi Arabia), Evonik Industries AG (Germany), Dow Chemical Company (Michigan), Sasol Limited (South Africa), ExxonMobil (US), Qatar Chemical Company (Qatar), PJSC Nizhnekamskneftekhim (Russia). In the last few years, the companies have adopted growth strategies such as Acquisitions and expansions to capture a larger share of the Alpha olefins market.

Alpha Olefins Market Report Scope

Report Metric	Details
Market Size Value in 2023	USD 7.1 billion
Revenue Forecast in 2028	USD 9.3 billion
CAGR	5.6%
Market size available for years	2020–2028
Base year considered	2022
Forecast period	2023–2028
Forecast units	Value (USD)
Segments Covered	application, type, and Region
Geographies covered	Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies covered	Royal Dutch Shell (Netherlands), Chevron Phillips Chemical Company (Texas), INEOS Group Limited (UK), SABIC (Saudi Arabia), Evonik Industries AG (Germany), Dow Chemical Company (Michigan), Sasol Limited (South Africa), ExxonMobil (US), Qatar Chemical Company (Qatar), PJSC Nizhnekamskneftekhim (Russia).

This research report categorizes the Alpha olefins market by fuel, applications, product type, power rating, end user, and region

Based on type, the Alpha olefins market has been segmented as follows:

1-Hexene
1-Octene
1-Butene
Others

Based on application, the Alpha olefins market has been segmented as follows:

Polyolefins comonomer
Surfactants and intermediates
Lubricants
Fine chemicals
Plasticizer
Oil field chemicals
Others

Based on region, the Alpha olefins market has been segmented as follows:

Asia Pacific
Europe
North America
Middle East & Africa
South America

Recent Developments

Shell USA, Inc. and Shell Midstream Partners, L.P. announced to execute a definitive agreement and plan of merger pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public.
INEOS Group & Polymers have announced it has entered into a joint venture with the NEXTLOOPP project, an UK collaboration to create circular food-grade recycled polypropylene from Post-Consumer Recycled (PCR) packaging.
SABIC has joined with Estiko Packaging Solutions and Coldwater Prawns of Norway to develop and implement a highly sustainable new packaging pouch for frozen prawns. The packaging pouch is made from a multi-layer film produced by Estiko Packaging Solutions using a random circular certified polymer grade of SABIC® PP QRYSTAL with an ocean-bound plastic (OBP) content of around 60%.

Frequently Asked Questions (FAQ):

What is the current size of the Alpha Olefins market?

The current market size of the global Alpha olefins market is 8.04 Billion in 2022.

What are the major drivers for the Alpha Olefins market?

The abundance of cheap natural gas-based feedstock in North America

Which is the fastest-growing region during the forecasted period in the Alpha Olefins market?

Asia Pacific is expected to be the fastest-growing region for the global Alpha olefins market between 2022–2027. The industry will witness growth because of significant investments in re-exploring oil & gas and exploring new reserves.

Which is the fastest-growing segment, by type, during the forecasted period in the Alpha olefins market?

By type, the Alpha olefins market has been segmented into 1-Hexene, 1-Octene, 1-Butene, and others; it helps provide a versatile range of polypropylene resins.

What are the major restraints for the Alpha Olefins market?

The negative environmental impact of alpha olefins is the major restraining factor for the market .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS & EXCLUSIONS

1.3 MARKET SCOPE

1.3.1 MARKET SEGMENTATION

1.3.2 REGIONS COVERED

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 LIMITATIONS

1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 27)

2.1 RESEARCH DATA

FIGURE 1 ALPHA OLEFINS MARKET: RESEARCH DESIGN

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

FIGURE 2 KEY INDUSTRY INSIGHTS

2.1.2.2 Breakdown of primaries

FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS

2.2 DATA TRIANGULATION

FIGURE 4 DATA TRIANGULATION

2.3 MARKET SIZE ESTIMATION

2.3.1 BOTTOM-UP APPROACH

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.3.2 TOP-DOWN APPROACH

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3.3 DEMAND-SIDE ANALYSIS

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE CALCULATION

FIGURE 8 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR ALPHA OLEFINS

2.3.4 GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 36)

TABLE 1 ALPHA OLEFINS: MARKET SNAPSHOT

FIGURE 9 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 10 POLYOLEFINS COMONOMERS APPLICATION TO BE LARGEST SEGMENT DURING FORECAST PERIOD

FIGURE 11 1-BUTENE TO BE LARGEST TYPE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 39)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ALPHA OLEFINS MARKET

FIGURE 12 INCREASING AWARENESS REGARDING SUSTAINABLE TECHNOLOGY TO DRIVE MARKET

4.2 ALPHA OLEFINS MARKET, BY REGION

FIGURE 13 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4.3 ALPHA OLEFINS MARKET, BY TYPE

FIGURE 14 1-BUTENE SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2028

4.4 ALPHA OLEFINS MARKET, BY APPLICATION

FIGURE 15 POLYOLEFINS COMONOMERS SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2028

4.5 ASIA PACIFIC: ALPHA OLEFINS MARKET, BY APPLICATION AND COUNTRY

FIGURE 16 POLYOLEFINS COMONOMERS AND CHINA ACCOUNTED FOR SIGNIFICANT SHARE IN 2023

5 MARKET OVERVIEW (Page No. - 42)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

5.2.1 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ALPHA OLEFINS MARKET

5.2.2 DRIVERS

5.2.2.1 Discovery of shale gas

5.2.2.2 Growth of end-use industries

5.2.2.3 Increase in demand for PAO-based synthetic lubricants

5.2.3 OPPORTUNITIES

5.2.3.1 Growth in R&D investments for development of alpha olefins from different sources

5.2.4 CHALLENGES

5.2.4.1 Volatile raw material prices

5.2.5 RESTRAINTS

5.2.5.1 Environmental concerns

5.2.5.2 Technological & infrastructural challenges

5.3 PORTER’S FIVE FORCES ANALYSIS

TABLE 2 PORTER’S FIVE FORCES ANALYSIS

FIGURE 17 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

6 INDUSTRY TRENDS (Page No. - 48)

6.1 MACROECONOMIC INDICATORS

6.1.1 OIL & GAS INDUSTRY

TABLE 3 CRUDE OIL PRODUCTION STATISTICS, BY COUNTRY, 2015–2022 (MILLION TONNES)

TABLE 4 NATURAL GAS PRODUCTION STATISTICS, BY COUNTRY, 2015–2022 (BILLION CUBIC METERS)

6.2 TRADE ANALYSIS

6.2.1 EXPORT SCENARIO

FIGURE 18 EXPORT SCENARIO FOR HS CODE 390290, BY KEY COUNTRY, 2019–2022

6.2.2 IMPORT SCENARIO

FIGURE 19 IMPORT SCENARIO FOR HS CODE 390290, BY KEY COUNTRY, 2019–2022

7 ALPHA OLEFINS MARKET, BY TYPE (Page No. - 51)

7.1 INTRODUCTION

FIGURE 20 1-BUTENE TO BE LARGEST MARKET DURING FORECAST PERIOD

TABLE 5 ALPHA OLEFINS MARKET, BY TYPE, 2020–2028 (KILOTON)

TABLE 6 ALPHA OLEFINS MARKET, BY TYPE, 2020–2028 (USD MILLION)

7.1.1 1-BUTENE

7.1.1.1 Catalytic nature to drive growth of 1-Butene in alpha olefins market

7.1.2 1-HEXENE

7.1.2.1 Numerous applications, including oligomerization and production of LLDPE & HDPE to drive growth

7.1.3 1-OCTENE

7.1.3.1 High reactivity and versatile chemical properties to drive market

7.1.4 OTHERS

7.1.4.1 1-Decene

7.1.4.2 1-Dodecene

7.1.4.3 1-Tetradecene

7.1.4.4 1-Hexadecene

7.1.4.5 1-Octadecene

7.1.4.6 Others

8 ALPHA OLEFINS MARKET, BY APPLICATION (Page No. - 57)

8.1 INTRODUCTION

FIGURE 21 POLYOLEFINS COMONOMERS TO BE LARGEST SEGMENT DURING FORECAST PERIOD

TABLE 7 ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 KILOTONS)

TABLE 8 ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

8.1.1 POLYOLEFIN COMONOMERS

8.1.2 SURFACTANTS AND INTERMEDIATES

8.1.3 LUBRICANTS

8.1.4 FINE CHEMICALS

8.1.5 PLASTICIZERS

8.1.6 OILFIELD CHEMICALS

8.1.7 OTHERS

9 ALPHA OLEFINS MARKET, BY REGION (Page No. - 62)

9.1 INTRODUCTION

FIGURE 22 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

TABLE 9 ALPHA OLEFINS MARKET, BY REGION, 2020–2028 (KILOTON)

TABLE 10 ALPHA OLEFINS MARKET, BY REGION, 2020–2028 (USD MILLION)

9.2 NORTH AMERICA

9.2.1 RECESSION IMPACT

FIGURE 23 NORTH AMERICA: ALPHA OLEFINS MARKET SNAPSHOT

TABLE 11 NORTH AMERICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (KILOTON)

TABLE 12 NORTH AMERICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (USD MILLION)

TABLE 13 NORTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 14 NORTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.2.2 US

9.2.2.1 Increasing demand from packaging and plastic industries to drive market

TABLE 15 US: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 16 US: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.2.3 CANADA

9.2.3.1 Growing plastic, chemical, and lubricant industries to drive growth

TABLE 17 CANADA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 18 CANADA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.2.4 MEXICO

9.2.4.1 Packaging industry to drive demand for alpha olefins

TABLE 19 MEXICO: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 20 MEXICO: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3 EUROPE

9.3.1 RECESSION IMPACT

FIGURE 24 EUROPE: ALPHA OLEFINS MARKET SNAPSHOT

TABLE 21 EUROPE: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (KILOTON)

TABLE 22 EUROPE: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (USD MILLION)

TABLE 23 EUROPE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 24 EUROPE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.2 GERMANY

9.3.2.1 Booming automotive and electronics industries to drive demand for alpha olefins

TABLE 25 GERMANY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 26 GERMANY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.3 BELGIUM

9.3.3.1 Packaging industry, coupled with sustainable practices by government, to drive demand for alpha olefins

TABLE 27 BELGIUM: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 28 BELGIUM: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.4 ITALY

9.3.4.1 Well-developed chemical & petrochemical industry to drive demand for alpha olefins

TABLE 29 ITALY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 30 ITALY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.5 FRANCE

9.3.5.1 Growing medical and automotive industries to drive growth

TABLE 31 FRANCE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 32 FRANCE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.6 NETHERLANDS

9.3.6.1 Government initiatives to create revenue pockets for alpha olefins market

TABLE 33 NETHERLANDS: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 34 NETHERLANDS: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.7 RUSSIA

9.3.7.1 Presence of huge chemical and oil & gas industries to drive growth

TABLE 35 RUSSIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 36 RUSSIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.3.7.2 Rest of Europe

TABLE 37 REST OF EUROPE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 38 REST OF EUROPE: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4 ASIA PACIFIC

9.4.1 RECESSION IMPACT

FIGURE 25 ASIA PACIFIC: ALPHA OLEFINS MARKET SNAPSHOT

TABLE 39 ASIA PACIFIC: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (KILOTON)

TABLE 40 ASIA PACIFIC: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (USD MILLION)

TABLE 41 ASIA PACIFIC: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 42 ASIA PACIFIC: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4.2 CHINA

9.4.2.1 Rising automotive sector, coupled with agrochemical industry, to be major drivers

TABLE 43 CHINA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 44 CHINA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4.3 JAPAN

9.4.3.1 Automotive and pharmaceutical industries to drive demand

TABLE 45 JAPAN: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 46 JAPAN: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4.4 SOUTH KOREA

9.4.4.1 Government initiatives, coupled with major chemical industry, to drive market

TABLE 47 SOUTH KOREA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 48 SOUTH KOREA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4.5 INDIA

9.4.5.1 Growing chemical industry to drive demand

TABLE 49 INDIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 50 INDIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.4.5.2 Rest of Asia Pacific

TABLE 51 REST OF ASIA PACIFIC: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 52 REST OF ASIA PACIFIC: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.5 MIDDLE EAST & AFRICA

9.5.1 RECESSION IMPACT

FIGURE 26 MIDDLE EAST AND AFRICA: ALPHA OLEFINS MARKET SNAPSHOT

TABLE 53 MIDDLE EAST AND AFRICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (KILOTON)

TABLE 54 MIDDLE EAST AND AFRICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (USD MILLION)

TABLE 55 MIDDLE EAST AND AFRICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 56 MIDDLE EAST AND AFRICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.5.2 SAUDI ARABIA

9.5.2.1 Major oil and petrochemical industries contributing to growth

TABLE 57 SAUDI ARABIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 58 SAUDI ARABIA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.5.3 TURKEY

9.5.3.1 Major petrochemical industry to drive market

TABLE 59 TURKEY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 60 TURKEY: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.5.4 REST OF MIDDLE EAST & AFRICA

TABLE 61 REST OF MIDDLE EAST & AFRICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 62 REST OF MIDDLE EAST & AFRICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.6 SOUTH AMERICA

9.7 RECESSION IMPACT

FIGURE 27 SOUTH AMERICA: ALPHA OLEFINS MARKET SNAPSHOT

TABLE 63 SOUTH AMERICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (KILOTON)

TABLE 64 SOUTH AMERICA: ALPHA OLEFINS MARKET, BY COUNTRY, 2020–2028 (USD MILLION)

TABLE 65 SOUTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 66 SOUTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.7.1 BRAZIL

9.7.1.1 Major food & beverages industry to lead growth

TABLE 67 BRAZIL: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 68 BRAZIL: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.7.2 ARGENTINA

9.7.2.1 Oil & gas industry and automotive sector to drive demand

TABLE 69 ARGENTINA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 70 ARGENTINA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

9.7.2.2 Rest of South America

TABLE 71 REST OF SOUTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (KILOTON)

TABLE 72 REST OF SOUTH AMERICA: ALPHA OLEFINS MARKET, BY APPLICATION, 2020–2028 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 102)

10.1 INTRODUCTION

TABLE 73 REVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF ALPHA OLEFINS

10.2 MARKET SHARE ANALYSIS

10.2.1 RANKING OF KEY MARKET PLAYERS, 2022

FIGURE 28 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN ALPHA OLEFINS MARKET, 2022

10.2.2 MARKET SHARE OF KEY PLAYERS

TABLE 74 ALPHA OLEFINS MARKET: DEGREE OF COMPETITION

10.3 REVENUE ANALYSIS

FIGURE 29 REVENUE ANALYSIS OF TOP 5 PLAYERS IN ALPHA OLEFINS MARKET 2022

10.4 COMPANY EVALUATION QUADRANT MATRIX, 2022

10.4.1 STARS

10.4.2 PERVASIVE PLAYERS

10.4.3 EMERGING LEADERS

10.4.4 PARTICIPANTS

FIGURE 30 ALPHA OLEFINS MARKET: COMPANY EVALUATION QUADRANT, 2022

10.5 START-UPS/SMES EVALUATION QUADRANT MATRIX, 2022

10.5.1 PROGRESSIVE COMPANIES

10.5.2 RESPONSIVE COMPANIES

10.5.3 DYNAMIC COMPANIES

10.5.4 STARTING BLOCKS

FIGURE 31 ALPHA OLEFINS MARKET: STARTUPS/SMES EVALUATION QUADRANT, 2022

10.6 COMPETITIVE BENCHMARKING

TABLE 75 ALPHA OLEFINS MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 76 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION

TABLE 77 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION

10.7 ALPHA OLEFINS MARKET: COMPANY FOOTPRINT

TABLE 78 APPLICATION: COMPANY FOOTPRINT

TABLE 79 TYPE : COMPANY FOOTPRINT

TABLE 80 REGION: COMPANY FOOTPRINT

TABLE 81 COMPANY FOOTPRINT

10.8 COMPETITIVE SCENARIOS & TRENDS

TABLE 82 ALPHA OLEFINS MARKET: PRODUCT LAUNCHES, 2020–2023

TABLE 83 ALPHA OLEFINS MARKET: DEALS, APRIL 2019– JUNE 2022

11 COMPANY PROFILES (Page No. - 114)

(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*

11.1 KEY PLAYERS

11.1.1 ROYAL DUTCH SHELL

TABLE 84 ROYAL DUTCH SHELL: COMPANY OVERVIEW

FIGURE 32 ROYAL DUTCH SHELL: COMPANY SNAPSHOT

TABLE 85 ROYAL DUTCH SHELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 86 ROYAL DUTCH SHELL: DEALS

TABLE 87 ROYAL DUTCH SHELL: EXPANSION/MERGER/ACQUISITION

11.1.2 CHEVRON PHILLIPS CHEMICAL COMPANY

TABLE 88 CHEVRON PHILLIPS CHEMICAL COMPANY: COMPANY OVERVIEW

FIGURE 33 CHEVRON PHILLIPS CHEMICAL COMPANY: COMPANY SNAPSHOT

TABLE 89 CHEVRON PHILLIPS CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 90 CHEVRON PHILLIPS CHEMICAL COMPANY: DEALS

11.1.3 INEOS GROUP LIMITED

TABLE 91 INEOS GROUP LIMITED: COMPANY OVERVIEW

FIGURE 34 INEOS GROUP LIMITED: COMPANY SNAPSHOT

TABLE 92 INEOS GROUP LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 93 INEOS GROUP LIMITED: DEALS

TABLE 94 INEOS GROUP LIMITED: PRODUCT LAUNCHES

11.1.4 SABIC

TABLE 95 SABIC: COMPANY OVERVIEW

FIGURE 35 SABIC: COMPANY SNAPSHOT

TABLE 96 SABIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 97 SABIC: DEALS

TABLE 98 SABIC: PRODUCT LAUNCHES

11.1.5 SASOL LIMITED

TABLE 99 SASOL LIMITED: COMPANY OVERVIEW

FIGURE 36 SASOL LIMITED: COMPANY SNAPSHOT

TABLE 100 SASOL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 101 SASOL LIMITED:EXPANSION

TABLE 102 SASOL LIMITED: DEALS

11.1.6 EVONIK INDUSTRIES

TABLE 103 EVONIK INDUSTRIES AG: COMPANY OVERVIEW

FIGURE 37 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT

TABLE 104 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 105 EVONIK INDUSTRIES AG: EXPANSION

TABLE 106 EVONIK INDUSTRIES AG: DEALS

11.1.7 DOW CHEMICAL COMPANY

TABLE 107 DOW CHEMICAL COMPANY: COMPANY OVERVIEW

FIGURE 38 DOW CHEMICAL COMPANY: COMPANY SNAPSHOT

TABLE 108 DOW CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 109 DOW CHEMICAL COMPANY: DEALS

11.1.8 EXXONMOBIL

TABLE 110 EXXONMOBIL: COMPANY OVERVIEW

FIGURE 39 EXXONMOBIL: COMPANY SNAPSHOT

TABLE 111 EXXONMOBIL: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 112 EXXONMOBIL: DEALS

TABLE 113 EXXONMOBIL: PRODUCT LAUNCHES

11.1.9 QATAR CHEMICAL COMPANY

TABLE 114 QATAR CHEMICAL COMPANY: COMPANY OVERVIEW

TABLE 115 QATAR CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 116 QATAR CHEMICAL COMPANY: DEALS

11.1.10 PJSC NIZHNEKAMSKNEFTEKHIM

TABLE 117 PJSC NIZHNEKAMSKNEFTEKHIM: COMPANY OVERVIEW

TABLE 118 PJSC NIZHNEKAMSKNEFTEKHIM: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 119 PJSC NIZHNEKAMSKNEFTEKHIM: DEALS

11.2 OTHER PLAYERS

11.2.1 MITSUBISHI CHEMICAL CORPORATION

11.2.2 IDEMITSU PETROCHEMICAL COMPANY

11.2.3 SINOPEC BEIJING YASHAN COMPANY

11.2.4 PETRO RABIGH

11.2.5 MITSUI CHEMICALS INC.

11.2.6 MERCK GROUP

11.2.7 NPC IRAN

11.2.8 JAM PETROCHEMICAL COMPANY

11.2.9 TPC GROUP

11.2.10 OIL AND GAS NATIONAL CORPORATION

11.2.11 SAUDI ARAMCO TOTAL REFINING AND PETROCHEMICAL COMPANY (SATORP)

11.2.12 LYONDELLBASELL INDUSTRIES N.V.

11.2.13 PETROCHINA COMPANY LIMITED

11.2.14 TOKYO CHEMICAL INDUSTRY COMPANY LIMITED

11.2.15 ALFA AESAR

*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 158)

12.1 DISCUSSION GUIDE

12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

12.3 CUSTOMIZATION OPTIONS

12.4 RELATED REPORTS

12.5 AUTHOR DETAILS

The study involved major activities in estimating the current size of the Alpha Olefins market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various sources, such as annual reports, press releases, investor presentations of companies, white papers, certified publications, articles from recognized authors, and databases, were considered for identifying and collecting information for this study. Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total number of market players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, consultants, and related key executives from major companies and organizations operating in the market. Primary sources from the demand side include lab technicians, technologists, and sales/purchase managers in the industry. Following is the breakdown of primary respondents:

Alpha Olefin Market Size, and Share

Note: Others include product engineers and product specialists.

The tier of the companies is defined on the basis of their total revenue; as of 2018: Tier 1 = > USD 1 billion, Tier 2 = From USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Alpha Olefins market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Alpha olefins Market Size: Bottom-up Approach

Alpha Olefin Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Alpha Olefins Market Size: Top-Down Approach

Alpha Olefin Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

The Alpha Olefins market encompasses the utilization of continuous Alpha Olefins principles and technologies, including various types, applications across industries, and regional market dynamics. The alpha olefins market refers to the global marketplace for the group of chemical compounds known as alpha olefins. Alpha olefins are unsaturated hydrocarbons containing a double bond at the primary carbon atom, which is the carbon atom directly adjacent to the end of the carbon chain. These compounds are versatile and are used to manufacture a variety of products in industries, such as plastics, chemicals, lubricants, and surfactants.

Key Stakeholders

Alpha Olefins Manufacturers
End-Use Industries
Distributors and Suppliers
Research and Development (R&D) Organizations
Consumers and Consumer Advocacy Groups

Objectives of the Study

To define, describe, segment, and forecast the Alpha olefins market size by technology, meter type, component, and application
To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the Alpha olefins market
To strategically analyze the Alpha olefins market with respect to individual growth trends, prospects, and contributions of each segment to the market
To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
To strategically profile key players and comprehensively analyze their market ranking and core competencies
To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the Alpha Olefins market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

Asia (China, Japan, South Korea, India, Singapore, and the Rest of Asia-Pacific), Europe (Germany, Italy, Belgium, France, Netherlands, Russia, and rest of Europe), North America (US, Canada, and Mexico), South America (Brazil, Venezuela, Argentina, Columbia, rest of South America), Middle East & Africa (Qatar, Saudi Arabia, UAE, Iran, rest of Middle East).

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.