The
global alpha olefin market is expected to reach USD 12.58
billion by 2025, according to a new report by Grand View Research, Inc. Major
companies are involved in raw material production, alpha olefins production,
distribution of alpha olefins production and end-use products manufacturing.
End-use
products include polyethylene, detergent alcohols, synthetic lubricants,
plasticizers, etc. In-house production and utilization of alpha olefin helps
the manufacturers to cut down logistics cost and cater to end-users directly to
increase profitability.Increasing polyethylene demand from various end-use
industries is expected to remain a key driving factor for the global alpha
olefin market.
Normal
alpha olefins are considered to be the best intermediators for the production
of alpha olefin sulfonate (AOS) surfactants. The advantages achieved are, good
foaming and wetting properties, high hard-water compatibility, and superb
detergency. Along with being rapidly biodegradable, AOS is unhampered of skin
irritants and sensitizers. C14-C16 AOS blends are usually used for the production
of liquid hand soaps.
Browse full
research report on Alpha Olefins Market: www.grandviewresearch.com/industry-analysis/alpha-olefins-market
Further key
findings from the study suggest:
- The global alpha olefin demand was
4,327.9kilotons in 2016 and is expected to reach 6,273.3million tons by
2025, growing at an estimated CAGR of 4.2% from 2017 to 2025.
- Increase in the production of oil in OPEC
countries and in Russia and the U.S. is anticipated to maintain a smooth
flow of raw material supply for alpha olefin production.
- The surge in demand for polyalphaolefin in the
synthetic lubricants segment owing to reduced engine wear and tear is
anticipated to propel the market growth in the mentioned forecast period.
- 1-Octene generated a demand of 449.1 kilo tons
in 2016 and is expected to grow at an estimated CAGR of 3.2% over the
forecast period
- Declining ethane prices has spurred the
development of new ethane crackers in the U.S., creating greater supply
for alpha olefin production.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the alpha olefin market on the basis of
product, application, and region:
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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-alpha-olefins-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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