San Francisco, 14 February 2019: The Report Alpha Olefin Market Analysis By Product, (1-Butene, 1-Hexene, 1-Octene, 1-Decene,
1-Dodecene), By Application (Polyethylene, Detergent Alcohol, Synthetic
Lubricants), By Region, And Segment Forecasts, 2018 - 2025
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.
Access Research Report of Alpha Olefin 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
at: 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
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
Central & South America
Access Press Release of
Alpha Olefin Market@ 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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