Alpha Olefins Market Worldwide Analysis and Future Trends Forecast Report 2019-2023

Alpha Olefins Market Forecast Report 2019-2023 | Demand, Outlook, Share, Trends, Applications

Alpha Olefins Market Report: Major Player Some of the prominent players operating in the Global Alpha Olefins Market are Royal Dutch Shell plc (the Netherlands), Chevron Phillips Chemical Company LLC (U.S.), Ineos Group Limited (U.K), SABIC (Saudi Arabia), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), PJSC Nizhnekamskneftekhim (Russia), Qatar Chemical Company Ltd. (Qatar), Evonik Industries AG (Germany), and Idemitsu Kosan Co.,Ltd. (Japan) among others.

Alpha Olefins Market Report: Market Definition The importance of alpha olefins as the feedstock of industries has increased the expansion of the market in the forecast period. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to develop at an exceptional CAGR in the duration of the forecast period.

The increased usage of HDPE and LLDPE pipes in the construction industry has enhanced and amplified the production capacity of the alpha olefins substantially. The expanding production of automobiles and their sales together with rising consumption of lubricants is expected to stimulate the market’s development in the forecast period. Moreover, swift increase in oil & gas exploration activities and extraction activities is expected to advance the progress of the market in the forecast period.

Alpha Olefins Market Report: Segmentation •

The Global Alpha Olefins Market is categorized on the basis of type, application, and region.

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On the basis of type, the market is bifurcated into 1-butene, 1-hexene, 1-octene, 1-decene and others.

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On the basis of application, the alpha olefins market is categorized into polyolefin comonomer, plasticizer, lubricant, surfactant, drilling machinery fuel, and others.

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On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Alpha Olefins Market Report: Industry News

Mar 2018 Shell Chemicals has recently set up large equipments such as columns, reactors, and vessels at the alpha olefins plant it is constructing in Geismar, La. The plant will increase 425,000 metric tons of alpha olefins output, bringing up the capacity at the site to an additional 1.3 million metric tons per year.

Alpha Olefins Market Report: Detailed Regional Analysis Geographically, Asia Pacific emerged as the largest market for alpha olefins followed by Europe and North America. The Asia Pacific alpha olefins market is estimated to witness significant growth with a healthy CAGR over the assessment year on account of rising demand from automotive and packaging industries. Moreover, the demand for alpha olefins is predicted to rise in numerous countries of Asia Pacific such as China, India, Thailand, Malaysia, Japan, Australia, and South Korea on account of rising building & construction activities combined with high adoption rate from various end use industries. Apart from this, rising investment by key market players in their innovation and research & development activities and shifting of alpha olefins manufacturing unit in this region is predicted to fuel the alpha olefins regional market growth.

North American market is expected to witness steady growth due to rising demand for alpha olefins based lubricants and plastics which is further utilized in many industries. North American market is further classified into U.S. and Canada, among them U.S. is expected to be the major contributor in the regional market growth on account of robust growth of automobile and increasing oil drilling sector.

European market is estimated to witness moderate growth due to increasing awareness regarding the benefits associated with the product as well as growing purchasing power of consumer.

In addition, developing countries of Latin America and the Middle East & Africa are estimated to witness above average growth due to strong consumer base for automobile and construction sector.