HOME Research Insight Royal Dutch Shell (Netherlands) and Chevron Phillips Chemical Company (US) are the Major Players in the 1-Decene Market

Royal Dutch Shell (Netherlands) and Chevron Phillips Chemical Company (US) are the Major Players in the 1-Decene Market

The global market for 1-Decene is expected to witness high growth between 2017 and 2022. Increasing demand for 1-Decene from end-use industries such as automobiles and packaging is expected to drive the 1-Decene market. Availability of cheap natural gas-based feedstock in North America led to the growth of the 1-Decene industry. This increase in the availability of natural gas-based feedstock has prompted nearly all major North American 1-Decene producers to announce capacity additions.

The growth of the automobile and packaging industries in Europe and North America is also expected to lead to the growth of the 1-Decene market. In addition, increasing population, high disposable income, high standards of living, growing consumption of packaged food, and increasing automobile manufacturing facilities are some of the other factors expected to fuel the market growth.

The global 1-Decene market has a large number of market players; however the market is led by some major players, such as Royal Dutch Shell (Netherlands), Chevron Phillips Chemical Company (US), Ineos Group Limited (Switzerland), SABIC (Saudi Arabia), Sasol Limited (South Africa), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company (Qatar).

Most of these companies are leaders in the 1-Decene market and are focusing on capturing the full value chain to achieve economies of scale and product innovations to increase their market shares.

Market players are concentrating on expanding their product portfolios and developing cost-effective technologies. These companies are investing in establishing new facilities mainly in emerging regions to increase their global reach. These developments are being undertaken to meet the increasing demand for 1-Decene for various applications.

Expansions and joint ventures are key strategies adopted by major manufacturers of 1-Decene between 2012 and 2017. Top players in the 1-Decene market are adopting these strategies for better penetration and expansion of their businesses into untapped and emerging regions. These new ventures are expected to help companies satiate the growing demand for 1-Decene in several applications. Royal Dutch Shell (Netherlands), Ineos (Switzerland), and Chevron Phillips Chemical Company (US) are among the market players who adopted these strategies to acquire greater market shares.

Royal Dutch Shell (Netherlands) is one of the leading suppliers of 1-Decene. The company adopted expansions as a strategy to maintain its leading position in the market. For instance, in November 2015, it expanded its production capacity at its chemical manufacturing site in Louisiana (US). Similarly, in March 2015, it also invested at its Wesseling (Germany) plant to upgrade the steam cracking unit to produce heavy olefins and aromatics.

Chevron Phillips Chemical Company (US) also adopted the expansion strategy to sustain its market position. For instance, in December 2014, it expanded its ethylene business by increasing production capacity at its manufacturing facility in Texas. This expansion helped the company in supporting the growth of its olefins business.

Related Reports:

1-Decene Market by Derivative (Polyalphaolefins, Oxo Alcohols (Plasticizer and Detergent Alcohols), Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, Alkyl Dimethylamine & di-Alkyl Dimethylamine), and Region - Global Forecast to 2022

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