The Global Alpha Olefin Market is expected to reach USD 12.58 billion by 2025, according to a new report by Hexa Reports. 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.
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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.
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.
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Table of Contents
- Chapter 1 Methodology and Scope
- Chapter 2 Executive Summary
- Chapter 3 Alpha Olefin Market Variables, Trends & Scope
- Chapter 4 Alpha Olefin Market: Product Estimates & Trend Analysis
- Chapter 5 Alpha Olefin Market: Application Estimates & Trend Analysis
- Chapter 6 Alpha Olefin Market: Regional Estimates & Trend Analysis
- Chapter 7 Competitive Landscape
- Chapter 8 Company Profiles
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