Bio-Based Alpha Olefin Likely to Gain Momentum in the Next Decade
The alpha olefin market is a highly concentrated market with a few market players. The major players in the market compete on various parameters such as technical innovation, production capabilities, performance, quality, geographic reach, etc. The major players in the markets are Evonik Industries (Germany), Chevron Phillips Chemical Company LP (U.S.), Ineos Oligomer (U.S.), Sasol (South Africa), and Shell Chemical Limited (UK)). The U.S. market will continue to dominate the market since a number of players such as Exxon Mobil and CP Chem are expanding their capacities in the U.S.
Alpha olefins are extensively used in polyethylene co-monomers, detergent alcohols, and synthetic lubricants. The rising demands from these applications are expected to be the main demand drivers for the alpha olefins market.
A new concept to produce alpha olefins from biomass is being practiced by various research laboratories and universities. The Center for Biorenewable Chemicals (CBiRC), an NSF-funded Engineering Research Center (U.S.), showcased that the medium chain length free fatty acids can be produced by E.coli using sugars as a carbon source. Though bio-based alpha olefins are under research and development, they are likely to gain momentum in the next decade.
The alpha olefin market is a highly concentrated market with a few market players. The major players in the market compete on various parameters such as technical innovation, production capabilities, performance, quality, geographic reach, etc. The major players in the markets are Evonik Industries (Germany), Chevron Phillips Chemical Company LP (U.S.), Ineos Oligomer (U.S.), Sasol (South Africa), and Shell Chemical Limited (UK)). The U.S. market will continue to dominate the market since a number of players such as Exxon Mobil and CP Chem are expanding their capacities in the U.S. for poly alpha olefin and alpha olefin respectively. Moreover, Japanese players such as Mitsui Chemicals and Idemitsu plan to build their alpha olefin plants in the U.S.
Related Reports:
Alpha Olefin Market By Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene 1-Tetradecene, C16-18, C20), & Applications (LLDPE, HDPE, Detergent Alcohols, Synthetic Lubricants, Polybutene-1, AOS & Others) - Global Trends & Forecast to 2018.
https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html
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