Apr 10, 2019   SOURCE: BusinessWire

Alpha Olefin - Worldwide Market Size, Share & Trends Analysis & Forecast (2019-2025): 1-Hexene is Anticipated to Exhibit a Revenue-based CAGR of 5.8% from 2019 to 2025 - ResearchAndMarkets.com

The "Alpha Olefin Market Size, Share & Trends Analysis Report By Product (1-Hexene, 1-Octene), By Application (Polyethylene, Detergent Alcohol, Synthetic Lubricants), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global alpha olefin market size is projected to reach USD 11.5 billion by 2025, according to a new report, exhibiting a 4.8% CAGR during the forecast period. Increasing demand for polyethylene and synthetic lubricants is driving demand for these products.

Increasing polyethylene demand from various end-use industries is expected to remain a key driving factor for the global market. Surge in demand can be attributed to its easy processability, versatility, recyclability, and low cost of production. Growing population and increasing consumer spending, coupled with increasing industrial output in emerging markets of China, India, Brazil, and Mexico, have fuelled polyethylene consumption.

Growing demand for polyalphaolefin in synthetic lubricants, because of its ability to protect engines from wear and tear damages, is also expected to fuel market growth over the forecast period. Synthetic lubricants exhibit high demand owing to increasing usage in industrial, automotive, marine, and aerospace industries. These lubricants are gaining wide acceptance due to its benefits such as reduction in oil consumption and increased thermal stability.

Increasing oilfield activities and petrochemical production in Middle East have propelled ethylene production, thereby assisting the growth of the alpha olefin market in the region. Major manufacturers are also aiming to shift their production base in MEA, owing to the abundant availability of raw material.

Further key findings from the report suggest:

  • By product, the 1-Hexene segment is anticipated to exhibit a revenue-based CAGR of 5.8% from 2019 to 2025. It is used in large quantities in the production of polyethylene, which is used in various end-use industries such as packaging, consumer goods, and automotive.
  • By application, polyethylene production dominated the market in terms of revenue, with a share of over 53% in 2018 owing to growing need for lightweight, durable plastics. Infrastructural development in emerging countries such as China, India, and Brazil has boosted demand for high-density polyethylene (HDPE) pipes and cables.
  • The U.S. alpha olefin market is anticipated to exceed 1,541 kilotons by 2025, owing to abundant availability of raw material, which has spurred industrialization in the country.
  • Industry participants are focusing on developing new and sustainable products, along with various R&D activities to fulfill the demand stemming from local markets.
  • Some of the key industry participants are Chevron Phillips Chemical Company LLC, Dow Chemical Co., ExxonMobil Corporation, and Petrochemicals (Malaysia) Sdn. Bhd.

Key Topics Covered

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Alpha Olefin- Industry Snapshot and Demand Analysis

Chapter 3 Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.7. Trade Analysis
3.8. Business Environment Analysis:

Chapter 4 Alpha Olefin Market: Product Estimates & Trend Analysis
4.1 Alpha Olefin Market Share, by Product, 2015 & 2025
4.2 Global Alpha Olefin Demand, by Product, 2014-2025 (Kilotons) (Usd Million)

Chapter 5 Alpha Olefin Market: Application Estimates & Trend Analysis
5.1 Market Share, by Application, 2015 & 2025
5.2 Global Alpha Olefin Demand, by Application 2014-2025 (Kilotons) (Usd Million)

Chapter 6 Alpha Olefin Market: Regional Estimates & Trend Analysis
6.1 Global Alpha Olefin Market Estimates and Forecasts, by Region 2014 - 2025 (Kilotons) (Usd Million)
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Middle East & Africa (Mea)
6.6 Central & South America (Csa)

Chapter 7 Competitive Landscape
7.1 Key Global Players & Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.4. Public Companies
7.5. Private Companies

Chapter 8 Company Profiles
8.1 Chevron Phillips Chemical Company LLC
8.2 Dow Chemical Co.
8.3 ExxonMobil Corporation
8.4 Petrochemicals (Malaysia) Sdn. Bhd.
8.5 INEOS Oligomers
8.6 Mitsubishi Chemical Corp.
8.7 Nizhnekamskneftekhim
8.8 Qatar Chemical Company Ltd (Q-chem)
8.9 Qatar Chemical Company II Ltd.
8.10 Sasol Limited
8.11 Saudi Basic Industries Corporation (SABIC)
8.12 Royal Dutch Shell PLC

For more information about this report visit https://www.researchandmarkets.com/r/err8mq