According to a market report by Lucintel, the future of the high chain alpha olefin market looks promising with opportunities in the packaging, electronics, paper & pulp, textile, automotive, mining, and consumer good sectors. The global high chain alpha olefin market is expected to reach an estimated $11.0 billion by 2028 with a CAGR of 6.0% from 2023 to 2028. The major drivers for this market are the wide usage of alpha-olefin in the production of polyethylene and growing demand for the paper and pulp industry.
In this market, 1-butene, 1-decene, 1-hexene, 1-octene, 1-dodecene, amines, and ethylene are the major product segments. Lucintel forecasts that 1-hexene is expected to witness the highest growth over the forecast period due to its wide usage in the manufacturing of polyethylene, plasticizers, oxo alcohols, and synthetic fatty acid.
Within this market, packaging is expected to remain the largest segment due to the growing use of alpha olefin as a raw material in food packaging, medical packaging, and pharmaceutical packaging owing to its easy availability. .
North America will remain the largest region due to the growing demand for plastic goods, which is driving the usage of polyethylene for plastic production; presence of key players; and increasing investment by both domestic and foreign companies in the region.
Royal Dutch Shell, Chevron Phillips Chemical, Ineos, SABIC, Sasol, and Evonik are the major suppliers in the global high chain alpha olefin market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high chain alpha olefin market by product, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global High Chain Alpha Olefin Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global high chain alpha olefin market by product, application, end use industry, and region, as follows:
High Chain Alpha Olefin Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
1-Butene
Polybutene
Butadine
Butylene Oxide
Ethylkeyone
Others
1-Decene
Tetradecene
Hexadecane
Octadecene
Others
1-Hexene
Polyethylene
Cyclohexene
Neohexene
Others
1-Octene
1-Dodecene
Amines
C12-C14
C14-C16
C16-C18
Others
Ethylene
Tetraethylene
Hexaethylene
Octaethylene
Others
Others
High Chain Alpha Olefin Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Polyolefin Co-monomers
High Density Polyethylene
Linear Low-Density Polyethylene
Others
Lubricants
Plasticization
Household Detergents
Dishwasher
Glass Cleaners
Stain Removers
Others
Food & Beverages
Perfume & Fragrances
Others
High Chain Alpha Olefin Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Packaging
Food & Beverage
Dairy Products
Confectionery Packaging
Pet Food
Wine/beer/spirits Packaging
Others
Healthcare & Medical
General Goods
Home Care
Personal Care & Cosmetics
Others
Electronics
Paper & Pulp
Textile
Automotive
Mining
Consumer Goods
Others
High Chain Alpha Olefin Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high chain alpha olefin market by product (1-butene, 1-decene, 1-hexene, 1- octene, 1-dodecene, amines, ethylene, and others), application (polyolefin co- monomers, lubricants, plasticization, household detergents, food & beverages, perfume & fragrances, and others), end use industry (packaging, electronics, paper & pulp, textile, automotive, mining, consumer good, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?