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Linear Alpha Olefins Market

RA00064

Linear Alpha Olefins Market by Product (1-Octene, 1-Hexene, 1-Butene,1-Decene, 1-Dodecene, Others), By Application (Synthetic Lubricants, Detergent Alcohol, Polyethylene), Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00064

Pages: 90

Feb 2020

Global Linear Alpha Olefins Market Overview 2026

The Linear alpha olefins market size was $8,012.2.0 million in 2018 and is predicted to reach $11,747.8 million by 2026, growing at a CAGR of 4.9% in the forecast period. North America held the market share of 36% in 2018 by generating a revenue of $3,395.1 million and is predicted to grow at a CAGR of 3.6% in the forecast period.

Linear alpha olefin are alkenes with a double bond of carbon atoms. These double bonds determine the chemical properties and can undergo all the reactions of an olefin, including metathesis, polymerization, and others. Most of the linear alpha olefins are produced by ethylene oligomerization. These oligomerizations are used for the production of higher olefins, which are used in the preparation of lubricants, surfactants, plasticizer, oil chemicals and for the fusion of linear low density polyethylene.

Driving Factors in Linear Alpha Olefins Market Drivers:

Rising demand of alpha olefin in automobile industry and increasing demand for polyethylene is predicted to rise the linear alpha olefins market.

Increasing use of polyethylene and increasing demand of alpha olefin in the automobile sector are considered to be the most important driving factors of liner alpha olefins market. Most of the automobile industry uses alpha olefin end products. The surfactants, lubricants, oil chemicals and plasticizers are the end products produced by the alpha olefin which are used in the automobile sector for maintaining and managing the spare parts in motor vehicles. These spare parts are used in the automobile to work on the longevity.  Linear alpha olefins are used for the manufacturing of polyethylene, detergent alcohol, plasticizer alcohol and many other products. These products are used as a raw material in many other industries for the manufacturing of the respective industry finished product. The industries such as coatings & paper, pharmaceutical, and cosmetic, which consume alpha olefin as a raw material are considered to be the driving factor for the market. In addition, easy availability of the raw material is projected to rise the demand for the linear alpha olefins market.

Market Restraints:

Cost involved in the raw materials and manufacturing of the component is considered to be the major threat for the linear alpha olefins market.

The process required for the manufacturing of the component is considered to be biggest restraint for the market. The process requires extreme pressure and temperature conditions. Executing wrong pressure and variation in the temperature can led to a defect in the product, rendering it useless and causing a huge loss to the manufacturing company. Fluctuating price of the raw material is considered to have a huge impact on the linear alpha olefins industry. The rising price of the raw material will have an adverse effect on the production cost which will lead to the rise in the overall cost of manufacturing. Thus, the rise in the production cost due to the rise in the price for alpha olefin will hamper to the growth of the industry.

Investment Opportunity Linear Alpha Olefins Market:

Rising focus from the competitors to reduce supply demand gap is considered to be an opportunity for the linear alpha olefins market.

The market will witness a rise in the price of the raw material, with a rise in the prices of ethylene. The prices are normally based on the raw material and the production technology. Major companies like INEOS, SASOL, and CPChem are increasing their focus on the extraction of raw material from ecofriendly products where the cost of production and raw material will decrease, which is going to reduce the supply demand gap and can create opportunity in the forecast period.

Linear Alpha Olefins Market by Product Type:

1-Hexen will possess high investment opportunities with the highest growth rate.

Linear Alpha Olefins Market by Product Type

Source: Research Dive Analysis

1-Hexen is predicted to have the largest market growth in the segment. 1-Hexen is predicted to grow with a CAGR of 6.0% by generating a revenue of $2,678.5 million by 2026. 1-Hexen is the most commonly used type due to its excellent chemical properties. 1-Hexen is the most common material used for the manufacturing of linear low density polyethylene (LLDPE) and high density polyethylene(HDPE). Increasing demand for polyethylene with respect to the rise in the consumer goods and automotive market will drive the 1-Hexen segment.

Linear Alpha Olefins Market by Application:

The Polyethylene manufacturing application is projected to be most lucrative by 2026.

Linear Alpha Olefins Market by Application

Source: Research Dive Analysis

Polyethylene manufacturing application constitute the largest market share of 43% in 2018. The demand for polyethylene is predicted grow in the forecast years due to the rise in the increase use of Low-density polyethylene (LDPE) by many industries. LDPE is a thermoplastic made from monomer ethylene which is a very flexible material made with a material that increases impact resistance and is easy to fabricate. LDPE is used in film application due to it being flexible, tough and transparent. LDPE is used to manufacture bottles, lids, wires and cables. Linear alpha olefins market share for polyethylene is predicted to grow at a CAGR of 4.5% by generating a revenue of $4,909.4 million by 2026.

Linear Alpha Olefins Market, by Region

North America is anticipated to have new opportunities for the investors in the forecast period.

Linear Alpha Olefins Market, by Region

Source: Research Dive Analysis

North America is predicted to have the largest market across the globe. North America held the market share of 36% in 2018 by generating a revenue of $3,395.1 million and is predicted to grow at a CAGR of 3.6% in the forecast period. North America is predicted to have the largest share due to the huge and diverse industrial base with constant development in the petrochemical and gas & oil infrastructure. Moreover, the presence of vast natural resources is a factor expected to drive the market for this region.

Key participants in Linear alpha olefins market:

Liner alpha olefins top Key players are Qatar Chemical Company Ltd (Q-chem)., Chevron Phillips Chemical Company LLC, Mitsubishi Chemical Corp, Exxon Mobil Corporation, INEOS Oligomers, Petrochemicals Sdn. Bhd, Royal Dutch Shell, Evonik Industries, and JAM Petrochemicals Company among others

Report Scope:

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product Type

  • 1-Octene
  • 1-Hexene
  • 1-Butene
  • 1-Decene
  • 1-Dodecene
  • Others

  Segmentation by Application

  • Synthetic Lubricants
  • Detergent Alcohol
  • Polyethylene
  • Others

  Key Countries covered

U.S., Canada, Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Middle west, Africa

  Key Companies Profiled

  • Qatar Chemical Company Ltd (Q-chem).,
  • Chevron Phillips Chemical Company LLC,
  • Mitsubishi Chemical Corp
  • Exxon Mobil Corporation,
  • INEOS Oligomers
  • Petrochemicals(M) Sdn.Bhd,
  • Royal Dutch Shell
  • Evonik Industries
  • JAM Petrochemicals Company

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global Linear alpha olefins market size was over $8,012.2 Million in 2018, and is further anticipated to reach $11,747.8 million by 2026.

A. Exxon Mobil Corporation and Evonik Industries are some of the key players in the global Linear alpha olefins market.

A. North America possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. North America Linear alpha olefins market is projected to grow at 3.6% CAGR during the forecast period.

A. Product development are the key strategies opted by the operating companies in this market.

A. Qatar Chemical Company Ltd (Q-chem)., Exxon Mobil Corporation and Royal Dutch Shell are the companies investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Product type trends
2.3. Application trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By product type
3.8.2. By application
3.8.3. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Linear alpha olefin market, by product type

4.1. 1-Octene

4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028

4.2. 1-Hexene

4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028

4.3. 1-Butene

4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028

4.4. 1-Decene

4.4.1. Market size and forecast, by region, 2017-2028
4.4.2. Comparative market share analysis, 2018 & 2028

4.5. 1-Dodecene

4.5.1. Market size and forecast, by region, 2017-2028
4.5.2. Comparative market share analysis, 2018 & 2028

4.6. Others

4.6.1. Market size and forecast, by region, 2017-2028
4.6.2. Comparative market share analysis, 2018 & 2028

5. Linear alpha olefin market, by application

5.1. Synthetic Lubricants

5.1.1. Market size and forecast, by region, 2017-2028
5.1.2. Comparative market share analysis, 2018 & 2028

5.2. Detergent Alcohol

5.2.1. Market size and forecast, by region, 2017-2028
5.2.2. Comparative market share analysis, 2018 & 2028

5.3. Polyethylene

5.3.1. Market size and forecast, by region, 2017-2028
5.3.2. Comparative market share analysis, 2018 & 2028

5.4. Others

5.4.1. Market size and forecast, by region, 2017-2028
5.4.2. Comparative market share analysis, 2018 & 2028

6. Linear alpha olefin market, by Region

6.1. North Region

6.1.1. Market size and forecast, by type, 2017-2028
6.1.2. Market size and forecast, by application, 2017-2028
6.1.3. Market size and forecast, by end-use, 2017-2028
6.1.4. Market size and forecast, by country, 2017-2028
6.1.5. Comparative market share analysis, 2018 & 2028

6.1.6. U.S

6.1.6.1. Market size and forecast, by type, 2017-2028
6.1.6.2. Market size and forecast, by application, 2017-2028
6.1.6.3. Market size and forecast, by end-use, 2017-2028
6.1.6.4. Comparative market share analysis, 2018 & 2028

6.1.7. Canada

6.1.7.1. Market size and forecast, by type, 2017-2028
6.1.7.2. Market size and forecast, by application, 2017-2028
6.1.7.3. Market size and forecast, by end-use, 2017-2028
6.1.7.4. Comparative market share analysis, 2018 & 2028

6.2. Europe

6.2.1. Market size and forecast, by type, 2017-2028
6.2.2. Market size and forecast, by application, 2017-2028
6.2.3. Market size and forecast, by end-use, 2017-2028
6.2.4. Market size and forecast, by country, 2017-2028
6.2.5. Comparative market share analysis, 2018 & 2028

6.2.6. UK

6.2.6.1. Market size and forecast, by type, 2017-2028
6.2.6.2. Market size and forecast, by application, 2017-2028
6.2.6.3. Market size and forecast, by end-use, 2017-2028
6.2.6.4. Comparative market share analysis, 2018 & 2028

6.2.7. Germany

6.2.7.1. Market size and forecast, by type, 2017-2028
6.2.7.2. Market size and forecast, by application, 2017-2028
6.2.7.3. Market size and forecast, by end-use, 2017-2028
6.2.7.4. Comparative market share analysis, 2018 & 2028

6.2.8. France

6.2.8.1. Market size and forecast, by type, 2017-2028
6.2.8.2. Market size and forecast, by application, 2017-2028
6.2.8.3. Market size and forecast, by end-use, 2017-2028
6.2.8.4. Comparative market share analysis, 2018 & 2028

6.2.9. Italy

6.2.9.1. Market size and forecast, by type, 2017-2028
6.2.9.2. Market size and forecast, by application, 2017-2028
6.2.9.3. Market size and forecast, by end-use, 2017-2028
6.2.9.4. Comparative market share analysis, 2018 & 2028

6.2.10. Rest of Europe

6.2.10.1. Market size and forecast, by type, 2017-2028
6.2.10.2. Market size and forecast, by application, 2017-2028
6.2.10.3. Market size and forecast, by end-use, 2017-2028
6.2.10.4. Comparative market share analysis, 2018 & 2028

6.3. Asia-Pacific

6.3.1. Market size and forecast, by type, 2017-2028
6.3.2. Market size and forecast, by application, 2017-2028
6.3.3. Market size and forecast, by end-use, 2017-2028
6.3.4. Market size and forecast, by country, 2017-2028
6.3.5. Comparative market share analysis, 2018 & 2028

6.3.6. China

6.3.6.1. Market size and forecast, by type, 2017-2028
6.3.6.2. Market size and forecast, by application, 2017-2028
6.3.6.3. Market size and forecast, by end-use, 2017-2028
6.3.6.4. Comparative market share analysis, 2018 & 2028

6.3.7. India

6.3.7.1. Market size and forecast, by type, 2017-2028
6.3.7.2. Market size and forecast, by application, 2017-2028
6.3.7.3. Market size and forecast, by end-use, 2017-2028
6.3.7.4. Comparative market share analysis, 2018 & 2028

6.3.8. Japan

6.3.8.1. Market size and forecast, by type, 2017-2028
6.3.8.2. Market size and forecast, by application, 2017-2028
6.3.8.3. Market size and forecast, by end-use, 2017-2028
6.3.8.4. Comparative market share analysis, 2018 & 2028

6.3.9. South Korea

6.3.9.1. Market size and forecast, by type, 2017-2028
6.3.9.2. Market size and forecast, by application, 2017-2028
6.3.9.3. Market size and forecast, by end-use, 2017-2028
6.3.9.4. Comparative market share analysis, 2018 & 2028

6.3.10. Australia

6.3.10.1. Market size and forecast, by type, 2017-2028
6.3.10.2. Market size and forecast, by application, 2017-2028
6.3.10.3. Market size and forecast, by end-use, 2017-2028
6.3.10.4. Comparative market share analysis, 2018 & 2028

6.3.11. Rest of Asia Pacific

6.3.11.1. Market size and forecast, by type, 2017-2028
6.3.11.2. Market size and forecast, by application, 2017-2028
6.3.11.3. Market size and forecast, by end-use, 2017-2028
6.3.11.4. Comparative market share analysis, 2018 & 2028

6.4. LAMEA

6.4.1. Market size and forecast, by type, 2017-2028
6.4.2. Market size and forecast, by application, 2017-2028
6.4.3. Market size and forecast, by end-use, 2017-2028
6.4.4. Market size and forecast, by country, 2017-2028
6.4.5. Comparative market share analysis, 2018 & 2028

6.4.6. Middle East

6.4.6.1. Market size and forecast, by type, 2017-2028
6.4.6.2. Market size and forecast, by application, 2017-2028
6.4.6.3. Market size and forecast, by end-use, 2017-2028
6.4.6.4. Comparative market share analysis, 2018 & 2028

6.4.7. Africa

6.4.7.1. Market size and forecast, by type, 2017-2028
6.4.7.2. Market size and forecast, by application, 2017-2028
6.4.7.3. Market size and forecast, by end-use, 2017-2028
6.4.7.4. Comparative market share analysis, 2018 & 2028

7. Company profiles

7.1. Qatar Chemical Company Ltd (Q-chem)

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. Chevron Phillips Chemical Company LLC

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Mitsubishi Chemical Corp

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Exxon Mobil Corporation

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. INEOS Oligomers

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. Petrochemicals(M) Sdn.Bhd

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Royal Dutch Shell

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Evonik Industries

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. JAM Petrochemicals Company

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

Demand from Several Industrial Applications

Linear alpha olefins are alkenes that have a terminal double bond of carbon atoms. These double atoms make these olefins useful in a large number of applications and can undergo all the reactions of an olefin including polymerization, metathesis, and others. Linear alpha olefins are used to manufacture products such as synthetic lubricants, polymers (HPDE and LLDPE), oilfield chemicals, synthetic acids, additives, and detergent alcohols. Most of the linear alpha olefins are produced by ethylene oligomerization. These oligomerizations are used for production of higher olefins, which are used in the preparation of oil chemicals, lubricants, and for fusion of linear-low density polyethylene.

Application Areas of Linear Alpha Olefins

Linear alpha olefins are extremely diverse, as they are known for high purity and are used in a range of applications, including industrial oils, high-performing engine, waxes, plastic packaging, synthetic lubricants, and as constructing blocks for surfactants and other special chemicals. Linear alpha olefins can provide unlimited options for chemical development and can be also tailored to meet individual specifications.

Following are the uses of linear alpha olefins in various applications:

  • Polyethylene

Co-monomers such as 1-butene, 1-hexene, and 1-octene are used as strength modifiers for specialized plastic products.

  • Synthetic Lubricants

Linear alpha olefins are used as a feedstock poly-alpha-olefin (PAO) for synthetic lubricants.

  • Surfactants

Linear alpha olefins are typically functionalized for use in surfactants such as detergent alcohols, alkyl-amine oxides, and olefin sulfonates.

  • Drilling Fluids

Linear alpha olefins are isomerized into ecological offshore drilling fluids. The linear alpha olefins are also changed from one isomer to another in raw materials for paper-sizing.

  • Lube Additives & Functional fluids

In additives, linear alpha olefins are used as anti-corrosion additives and detergents and lubricants or functional fluids.

  • Synthetic Waxes

In this application linear alpha olefins are used in candles, plastic processing, and several other specialty uses such as crayons, color, inks, and cosmetic emollients.

Future of Linear Alpha Olefins Industry

Global market for linear alpha olefins is projected to witness a significant growth during the forecast period from 2019 to 2026. Several applications of linear alpha olefins such as polyethylene, synthetic lubricants, and detergent alcohols are boosting the market growth.

Volatility in the raw material prices coupled with severe environmental regulations is expected to remain a main challenge for market players. Apart from this, moderately high initial investments can also negatively affect the market growth. Advancements in nanoparticle-based nutrients and the existence of alternatives such as tungsten disulphide are the key restraints for the growth of linear alpha olefins market. However, bio-based alpha olefins are in the R&D phase, they will possibly gain momentum in the coming years, which will create investment opportunities for the manufacturers.

Rising demand of linear alpha olefins from the automobile sector and increasing polyethylene in end use industries are giving significant boost to the growth of the global market in the coming future. According to the statistics provided by a research report from Research Dive, the global linear alpha olefins market is expected to grow at 4.9% CAGR, and will reach up to $11,747.8 million by the end of 2026. The report highlights the prominent players operating in the market. Some of them are Chevron Phillips Chemical Company LLC, Qatar Chemical Company Ltd (Q-chem)., Mitsubishi Chemical Corp, INEOS Oligomers, Exxon Mobil Corporation, Petrochemicals Sdn. Bhd, Royal Dutch Shell, JAM Petrochemicals Company, Evonik Industries, and others. These players are initiating various steps to strengthen their presence such as merger & acquisitions, new product development, and R&D activities.

On the other hand, the rising focus of leading companies to reduce the cost of supply and demand will fuel the growth of the linear alpha olefins market. Thus, it is clear that be it automobile, petrochemical, or any other industry in which the alpha olefins are used, the applications of linear alpha olefins will provide momentous investment opportunities in the coming future.

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