The demand for alpha olefin will continue to surge with the growth in production of polyethylene, and polyalphaolefin. Alpha olefinis largely used as co-monomers for polyethylene production. Low density and high density polyethylene (LLDPE and HDPE) have recently registered significant growth owing to the rise in demand from plastic industry. Polyalphaolefin (PAO) is a high quality synthetic base oil. It is widely used in some of the most technically demanding synthetic lubricants. Since environmental regulations are becoming more stringent, PAO allows lubricant products to meet these regulations.
The alpha olefin market is highly competitive in nature. It hasseveral market participants with a few market leaders globally. ChevronPhilips Chemical Co. (U.S.), Ineos Oligomers (U.S.), Sasol (South Africa), Nizhnekamkneftekim (Russia) and ExxonMobil Chemical Co. (U.S.) hold a significant control in the market. The major players will continue to hold respective positions by launching new products and making substantial investments for capacity expansions.
MARKET MATRIX: ALPHA OLEFIN MARKET IN DIFFERENT REGIONS
Alpha Olefin Market
Source: MarketsandMarkets Analysis
The alpha olefin market is anticipated to grow at a compound annual growth rate of 4.2%, over the next five years and reach 4.6 million metric tons by 2018. North America will continue to dominate the market as various expansion activities have been planned by top players such as CP Chem, INEOS, Idemitsu and Mitsui.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global alpha olefin market include Chevron Phillips Chemical Company LP (U.S.), Evonik Industries AG (Germany), ExxonMobil Chemical Company (U.S.), Godrej Industries Ltd. (India), Idemitsu Kosan Co. Ltd. (Japan), Ineos Oligomer (U.S.), Linde AG (Germany), Mitsubishi Chemical (Japan), Nizhnekamskneftekhim (Russia), Qatar chemical (Qatar), Saudi Basic Industries Corporation (Saudi Arabia), Sasol (South Africa) and Shell Chemical Limited (U.K.)
Scope of the report: This research report categorizes the global market for alpha olefins on the basis of applications, product type and geography; forecasting volumes and revenue and analyzing trends in each of the submarkets.
On the basis of applications: The alpha olefin market is segmented on the basis of applications as LLDPE, HDPE, detergent alcohols and synthetic lubricants. Each application is further described in detail in the report with volumes and revenue forecasted for each application.
On the basis of product type: C4 (1-butene), C6 (1-hexene), C8 (1-octene), C10 (1-decene), C12 (1-dodecene), C14 (1-tetradecene), C16-C18 and C20+
On the basis of geography: North America, Europe, Asia Pacific, Middle East and ROW.
