Alpha Olefin Market Size & Forecast Report, 2014 - 2025

The global Alpha Olefins Market is anticipated to expand at a positive CAGR of 4.8% in the forecast period i.e. from 2014 to 2025 as extensive research for the development of alpha-olefins using dissimilar sources is estimated to boost overall market growth across the globe.

Ethylene is a significant feedstock for manufacturing alpha-olefin and is produced across the globe by using naphtha and gas-based oil. The overall market is projected to experience a balanced supply-demand condition in the forecast period i.e. from 2014 to 2025. Furthermore, the overall market is estimated to be a spectator of linear rise in product costs matched with the boom in ethylene prices over the period.

These organic compounds offer a range of industrially important products like 1-octadecene, 1-decene, 1-hexadecene, 1-octene, 1-tetradecene, 1-hexene, and 1-dodecene. The rising demand for poly alpha olefin (PAO) in synthetic lubricants is estimated to spur the overall market in the years to come. Plus, the rising focus on producing bio-based alpha-olefin is estimated to avail new opportunities for the growth of the overall alpha olefin market as several bio-chemicals are accepted as pro-environmental solutions.

Also, the rising demand for poly alpha olefin-based lubricants and the discovery of shale gas are estimated to fuel overall alpha olefins industry growth in the future. However, strict environmental regulations regarding the use of polyethylene and varying costs of raw materials and energy sources may restrain overall market growth in the forecast period i.e. from 2014 to 2025. North America will continue with its dominance over the forecast period due to the presence of key manufacturers in the region. On the other hand, the growing population and increasing consumption of packaged food are estimated to fuel overall market growth in the Asia Pacific region in the future.

Alpha olefins are estimated to experience a balanced supply-demand condition in the future. In presence of REACH, alpha-olefins are known to have no toxic effect on the animal and human populations. The foremost trend observed in recent years in the global market is the rising demand for heavier alpha olefins (C6+) in the Middle East and North America.

Key players operating in the alpha-olefin market are Saudi Basic Industries Corporation, Chevron Phillips Chemical Company LP, Shell Chemical Limited, ExxonMobil Chemical Company, Qatar Chemical, Evonik Industries AG, Mitsubishi Chemical, Godrej Industries Ltd., and Ineos Oligomers. SASOL, CPChem, and INEOS are estimated to help hold the market balance and alpha-olefin prices. Using UNIPOL technology in North America, Exxon Mobil’s linear low-density polyethylene concentrated on specialty grades.

Market Segment:

Product Outlook (USD Million, 2014 - 2025)
    • 1-Butene
    • 1-Hexene
    • 1-Octene
    • 1-Decene
    • 1-Dodecene
    • Others

Application Outlook (USD Million, 2014 - 2025)
    • Polyethylene
    • Synthetic Alcohol
    • Synthetic Lubricants
    • Others

Materials Regional Outlook (USD Million, 2014 - 2025)
    • North America
        • U.S
    • Europe
        • Germany
        • UK
        • France
    • Asia Pacific
        • China
        • Japan
        • India
    • Middle East and Africa
    • Central & South America