Alpha Olefins Market

Alpha Olefins Market worth $9.3 billion in 2028

The report "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", is expected to grow at a CAGR of 5.6% during the forecast period, from an estimated USD 7.1 billion in 2023 to USD 9.3 billion in 2028. The flexibility of Alpha olefins to be used in various applications is pushing the market. These Alpha olefins enable to manufacture of eco-friendly products. Alpha olefins have a wide range of applications across multiple industries. One key application is in the production of detergents and surfactants. Alpha olefins serve as key building blocks in the synthesis of various surfactants, which are essential components in cleaning products, personal care items, and industrial formulations.

Browse 119 market data Tables and 39 Figures spread through 164 Pages and in-depth TOC on "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"
View detailed Table of Content here -

The polyolefin comonomers segment, by application, is expected to be the most significant Alpha olefins segment during the forecast period.

A polyolefin is any class of polymers produced from a simple olefin as a monomer. For instance, polyethylene is the polyolefin produced by polymerizing the olefin ethylene. Similarly, polypropylene is another common polyolefin, which is made from olefin propylene. The market of polyolefins is expected to witness moderate growth during the forecast period because of the increasing number of applications, technological advances, and the growing demand from the developing economies of Asia-Pacific, the Middle East, and Eastern Europe. All these factors will, in turn, drive the demand for alpha olefins, as they are primarily used for manufacturing polyolefins.

1-Butene is anticipated to be the fastest-growing Alpha olefins segment, by type, during the forecast period.

1-Butene is a key component in the production of high-density polyethylene (HDPE). HDPE is a versatile thermoplastic that is used in a wide range of applications, including packaging materials, plastic bottles, pipes, and geomembranes. The addition of 1-butene during the polymerization process enhances the flexibility, toughness, and overall properties of HDPE, making it suitable for both rigid and flexible applications.

The growing plastics industry worldwide drives the market of 1-Butene. The rising demand forpharmaceutical,  plastic packaging, and other industries boosts the plastics market, which in turn, drives the market of alpha olefins. Evonik Industries AG (Germany) and Chevron Philips Chemical Company LLC (U.S.) are the key players providing 1-Butene.

Asia Pacific is expected to be the fastest-growing segment in the global Alpha olefins market, by region, during the forecast period.

The Asia Pacific alpha olefins market is experiencing significant growth due to various factors. The region's expanding industrial sectors, such as packaging, automotive, and consumer goods, are driving the demand for alpha olefins, which are essential raw materials for the production of polymers like polyethylene and polypropylene. Rapid urbanization, population growth, and rising disposable incomes in countries like China, India, and Southeast Asian nations are fueling the demand for plastic products, thereby boosting the market for alpha olefins. Additionally, the region's strong petrochemical industry and abundant availability of feedstock further support the growth of the alpha olefins market in Asia Pacific. The increasing emphasis on sustainability and environmental regulations also contribute to the demand for bio-based alpha olefins in the region. Overall, with its growing industries, favorable market conditions, and rising demand for plastic products, the Asia Pacific alpha olefins market is poised for continued expansion.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Alpha Olefins market. These include Royal Dutch Shell (Netherlands), ExxonMobil (US), Dow Chemical Company (Michigan), SABIC (Saudi Arabia), and Evonik Industries (Germany).

Don’t miss out on business opportunities in Alpha Olefins Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Alpha Olefins Market Size,  Share & Growth Report
Report Code
CH 2161
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • 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 Olefins 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
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets