Alpha Olefins Market worth $13.5 billion by 2022
The Alpha Olefins Market is projected to grow from USD 9.3 billion in 2017 to reach USD 13.5 billion by 2022, at a compound annual growth rate (CAGR) of 7.8% during the forecast period. The market is driven by the growing demand for automobiles & plastics and the growth of the major application segments such as polyolefin co-monomers, surfactants and intermediates, and lubricants.
Browse 123 market data Tables and 27 Figures spread through 134 Pages and in-depth TOC on "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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html
1-Butene is the largest segment of the alpha olefins market, by type.
The consumption of 1-Butene is increasing in the plastic industry. There is a growing demand for plastic packaging in the food and pharmaceutical industries, which, in turn, is driving the 1-Butene segment of the alpha olefins market. 1-Butene is used as a comonomer in flexible and rigid packaging. Therefore, the growing plastic industry is playing a pivotal role in the growth of the 1-Butene segment of the alpha olefins market.
The oil field chemicals application is projected to register the highest CAGR in the alpha olefins market during the forecast period.
The discovery of oil fields in the emerging regions is boosting the demand for specialty oil field chemicals, which is expected to fuel the alpha olefins market in the oil field chemicals segment during the forecast period. The second fastest-growing application of alpha-olefins is polyolefin comonomers. The advancement of polymer technology and demand from the packaging industry are the main drivers for the market in this segment.
In 2016, North America dominated the global alpha olefins market
In 2016, North America was the largest alpha olefins market. The market growth is attributed to a lot of factors such as the region’s vast natural resources, strong industrial base, and availability of low-cost raw materials, production of shale gas, and the presence of polyolefin manufacturers, namely, Chevron Phillips Chemical Co., The Dow Chemical Company, and ExxonMobil. These companies are expanding their business in the region, which is helpful for market growth in North America.
The alpha olefins market is characterized by the presence of players such as Chevron Phillips (US), Shell (Netherlands), Ineos (Switzerland), Sasol (South Africa), SABIC (Saudi Arabia), Evonik (Germany), ExxonMobil (US), Dow Chemical (US), Qatar Chemical Company Ltd (Qatar), and PJSC Nizhnekamskneftekhim (Russia), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Alpha Olefin Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
