Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
Alpha Olefin Market Size worth $ 20,430 Million by 2030 | CAGR: 8.0% The global alpha olefin marketsize is expected to reach USD 20, 430 Million by 2030 according to a new study by ULTRA MARKET RESEARCH. The report “Alpha Olefin Market Share, Size, Trends, Industry Analysis Report, By Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene and 1-Dodecene); By Application (Lubricants, Oil Field Chemicals, Plasticizers, Holyolefin Comonomers, Surfactants and Other); By Regions; Segment Forecast, 2018 –2030”gives a detailed insight into current market dynamics and provides analysis on future market growth. Polyethylene is manufactured using alpha olefins. As a result, the increasing demand for polyethylene producing from the plastics industry is expected to drive the market for alpha olefins. PAO (Polyalphaolefin) has become popular as a high-performance lubricant due to their desirable properties such as high viscosity index, thermal stability, oxidative stability, compatibility with mineral oils, and low toxicity. PAOs not only provide technical advantages, but they also maintain environmental quality in certain sensitive applications. PAO-based synthetic lubricants outperform in offshore drilling applications with environmental concerns. Furthermore, because certain PAOs are biodegradable, so they can be used in place of vegetable-based oils. PAO-based synthetic lubricants are known to eliminate drilling-related performance errors. Increasing demand for PAO-based synthetic lubricants. Hence, due to increasing demand for PAO-based synthetic lubricants it is projected to fuel the demand for alpha olefin market during the forecast period.
Ethylene is the major product used in the production of alpha olefin which is significantly used in packaging sector and for prototype development on Computer Numerical Control (CNC) machines and 3D printers. Thus, increase in product prices in line with a rise in the cost of ethylene. The most commonly used production process for producing a full range of alpha olefins is ethylene oligomerization, whereas ethylene is primarily obtained from ethane, which is obtained from natural gas. Since shale gas is rich in olefins, its recent discovery in several countries has resulted in an expansion of the olefin industry. The abundant supply of low-cost natural gas-based feedstock from North America's highly productive shale fuels the alpha olefins market. Because of the increased availability of ethane and propane feedstock from shale gas, nearly all of the major North American alpha olefin producers have announced capacity additions for ethylene/propylene or alpha olefins.
Rapid urbanization and industrialization in China and India are expected to drive polyethylene product demand. Various government incentives and favorable regulatory environments in China, India, Malaysia, and Indonesia have fueled the growth of the Asia Pacific manufacturing sector. Polyethylene, detergent alcohols, synthetic lubricants, and plasticizers all use the product. Increased production of these products in Asia Pacific is expected to drive the regional market during the forecast period. Market participants such as Royal Dutch Shell PLC, Chevron Phillips Chemical Company, Ineos, SABIC, Sasol, Evonik Industries, The Dow Chemical Company, ExxonMobil Corporation, PJSC Nizhnekamskneftekhim, Mitsubishi Chemical Corp., JAM Petrochemicals Company are some of the key players operating in the alpha olefin market.
To gain significant share in the global alpha olefin market, major players are now focusing on adopting product innovations, mergers and acquisitions, recent developments, joint ventures, partnerships and partners. Ube Industries, Ltd and DOMO Chemicals GmbH are the main players operating in the alpha olefin market.
In June 2019 INEOS Oligomers, enter into partnership with Saudi Aramco and Total, Evonik Industries AG introduced the new series "INFINAM TI 3100 L" and "INFINAM ST 6100 L". New product line related to photopolymers for 3D printing applications.
In April 2022, Shell Chemical, a key player of alpha-olefin market has announced the expansion of production facility which includes storage tanks, a 12,000-square-foot warehouse for equipment and materials, and a 14,000-square-foot building.
Ultra Market Research has segmented the Alpha Olefin Market report on the basis of form, application, and region Alpha Olefin Type Outlook (Revenue - USD Million, 2024 – 2031)
Industry Overview The growth of Alpha Olefin market is attributed towards the increased demand from end-use sectors such as plastics and automobiles. Polyethylene is manufactured using alpha olefins. As a result, the market for alpha olefins is projected to be driven by the growing demand for polyethylene in the plastics industry.. The market is likely to be driven by rising demand for polyethylene, which is used in a variety of applications such as packaging, industrial processes, consumer goods, and others. The oligomerization of ethylene, which is the most prevalent process, produces alpha olefins, which are organic molecules. Products with even-numbered carbon chains, usually ranging from C4 to C30+, are produced during the oligomerization process.
The market is primarily segmented on the basis of Type, By Application and geographic region.
By Type
By Application
By Region
1-Butene
1-Hexene
1-Octene
1-Decene
1-Dodecene
Lubricants
Oil Field Chemicals
Plasticizers
Polyolefin Co monomers
Surfactants
Other
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Hungary, Croatia, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
Latin America (Brazil, Mexico, Argentina)
MEA (Saudi Arabia, UAE, Israel, South Africa)
Insight by Product Type Based upon product type, the alpha olefin market is categorized into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene. Of all, 1-hexene segment is projected to be the largest and the fastest growing alpha olefin type during the forecast period. The use of 1-hexene as a common monomer in the production of High-Density Polyethylene (HDPE) and Linear Low-Density Polyethylene (LLDPE) polymers is predicted to boost segment growth. The 1-hexene category is likely to increase further as demand for polyethylene rises in emerging economies such as China, India, and Brazil, owing to expanding automotive and consumer products markets. It's also utilized as an additive in synthetic lubricants, which should help the market grow even further. Because 1-dodecane is utilized in the manufacturing of detergent alcohols, demand for it from industrial and household cleaners will increase, as will its application in the personal care industry. However, 1-dodecane is expected to be phased out as demand for bio-based detergent alcohols and alkyl aromatics grow. For Instance, Chevron Phillips Chemical announced intentions to expand its alpha olefins business by building a second world-scale facility to produce 1-hexene in May 2021. Over 50 full-time employment and around 600 construction jobs are planned to be created as a result of the project. Insight by Application On the basis of application, the alpha olefin market is categorized into Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals. The robust expansion in emerging economies such as China, India, and Brazil, as well as rising demand from the packaging and plastic moulding and injection industries, are the main reasons driving the polyolefin comonomers industry. Furthermore, advances in polymer technology will aid in its expansion.
Industry Dynamics Growth Drivers Ethylene, naphtha, butane, and natural gas are the most common sources of alpha olefins. The most widely utilized production process for producing a comprehensive variety of alpha olefins is ethylene oligomerization, whereas ethylene is mostly obtained from ethane, which is obtained from natural gas. Due to its high olefin content, the recent finding of shale gas in various countries has resulted in an increase in the olefin sector. The alpha olefins market is boosted by the large supply of low-cost natural gas-based feedstock from North America's extremely productive shale. Because of the increased availability of ethane and propane feedstock from shale gas, practically all of the major North American alpha olefin companies have announced capacity expansions in ethylene/propylene or alpha olefins. Furthermore, PAOs have quickly acquired popularity as a high-performance lubricant due to its desirable properties such as high viscosity index, thermal stability, oxidative stability, mineral oil compatibility, and low toxicity. PAOs not only provide technological benefits, but they also help to protect environmental quality in some sensitive applications. Synthetic lubricants based on PAO provide improved performance in offshore drilling applications with environmental concerns. Furthermore, because some PAOs are biodegradable, they can be used to replace vegetable-based oils. PAO-based synthetic lubricants have a tendency to eliminate drilling-related performance errors. Growing R&D investments for the development of alpha olefins from different sources Various research institutions and universities are experimenting with a new approach for producing alpha olefins from biomass. Researchers at The Center for Biorenewable Chemicals (CBiRC), an NSF-funded Engineering Research Center in the United States, demonstrated that E. coli can synthesise medium chain length free fatty acids utilising sugars as a carbon source. Codon-optimized eukaryotic and prokaryotic enzyme sources are used in the study. The projects achieved 35-40% of theoretical yields, resulting in 2.7 g/L, which compares favourably to recent study results. Wilmar International Limited, based in Indonesia, and Elevance Renewable Sciences Inc., based in the United States, have announced that they have begun supplying bio-based chemicals internationally. The commercial scale production plant generates novel speciality chemicals such as 9-decenoic methyl ester (a unique distribution of bio-based alpha) and internal olefins, which are multifunctional esters (that include decene-1 and a premium mixture of oleo chemicals). The alpha olefins market is heavily influenced by variable raw material prices. The cost of generating alpha olefins rises in tandem with the rise in raw material prices. The manufacturers' overall costs will rise as a result of this. Furthermore, the alpha olefins market's growth is hampered by manufacturers' shifting attention toward sophisticated technologies. The cost of manufacturing rises as advanced technologies are used, as they demand a large amount of capital to implement. If a result, as the cost of production rises, the price of alpha olefins may rise.
Geographic Overview Geographically, North America to account for the largest share of the global alpha olefins market during the forecast period. Asia-Pacific, Europe, North America, Middle East Asia & Africa, and South America are the five key areas in which the alpha olefins market is divided. The largest market for alpha olefins is in North America. Because the region has such a diverse industrial base, it has a lot of potential for the alpha olefins industry. The ongoing construction of oil and gas and petrochemical infrastructure in the United States, Canada, and Mexico is largely responsible for North America's growth. Because of its huge natural resource reserves, various domestic and international firms see North America as a potential investment hub for alpha olefins manufacturing. Chevron Phillips Chemical Company (U.S.) and ExxonMobil are among the biggest regional players (U.S.). The region's rapid expansion is projected to be fueled by rising demand from the plastics industry, as well as a growing awareness of environmentally friendly products. Additionally, with minimal capacity additions, Western Europe is anticipated to face a limited supply of ethylene and will continue to generate LAO using extractive distillation or the full range method. Heavy LAOs are the focus of investments in the Middle East and North America. These areas are projected to focus on specialty polyethylene grades, with a concentration on C6 and C8 LLDPE production.. Furthermore, Polyethylene product demand is predicted to be driven by rapid urbanization and industrialization in emerging markets such as China and India. The manufacturing industry in Asia Pacific has grown thanks to various government incentives and a favorable regulatory environment in China, India, Malaysia, and Indonesia. Polyethylene, detergent alcohols, synthetic lubricants, and plasticizers all use the product. Over the projected period, increased production of these items in Asia Pacific is expected to drive the regional market. Moreover, China boasts one of the world's largest pulp and paper industries. China is one of the world's top three paper producers. Due to environmental concerns, the country placed a ban on all wastepaper imports in 2020, and it is projected that over 45 million metric tons of backward paper capacity has been abolished in the last seven years. Due to rigorous regulatory controls and a scarcity of raw resources, fresh investment in the country's pulp and paper industry is also stagnating. During the projection period, this is likely to have a negative influence on the demand growth of the market researched in the country.
Competitive Insight Key players operating in the alpha olefin market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage. Some of the major players operating the alpha olefin market include Royal Dutch Shell PLC, Chevron Phillips Chemical Company, Ineos, SABIC, Sasol, Evonik Industries, The Dow Chemical Company, ExxonMobil Corporation, PJSC Nizhnekamskneftekhim, Mitsubishi Chemical Corp., JAM Petrochemicals Company. • Royal Dutch Shell plc • INEOS • Sasol • Nizhnekamskneftekhim • Qatar Chemical Company Ltd (Q-Chem) • SABIC • Chevron Phillips Chemical Company • Evonik Industries • The Dow Chemical Company • Mitsubishi Chemical Corp. • Idemitsu Kosan Co.Ltd • JAM Petrochemicals Company • The Linde Group • ExxonMobil Corporation • Royal Dutch Shell plc • Others
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