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Pulished Date August, 2021
ID: 11936
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Alpha Olefin Market by Type (1-butene, 1-hexene, 1-octene and others), by Application (polyolefin comonomers, surfactants and intermediates, lubricants, oil field chemicals and others), and Region - Industry Forecast | 2021 to 2026

Pulished: August, 2021
ID: 11936
Pages: 180

Alpha Olefin Market Value and Growth:

The Alpha Olefin Market is expected at USD 8.9 billion in 2021 and is anticipated to extent an over of USD 12.0 billion by the end of the assessment period.

The Alpha Olefin Market is estimated to experience reasonable growth to record a CAGR of 5.0% throughout the estimate period (2021-2026). The increasing demand for gasoline is also driving the growth of the alpha-olefins market. Although polyethylene is widely used in end-use industries as a substitute for heavy metals and fibers, the non-degradability and harmful effects of polyethylene on the environment is a significant challenge. Alpha olefin belongs to the alkene family that is an organic compound with a double bond for the primary carbon. This double bond improves the reactivity of the compound and makes it useful for various applications. Alpha olefin is produced primarily by the catalytic oligomerization of ethylene and the fishcer-tropsch process. Alpha-olefin has two structural forms, linear alpha-olefins and branched alpha-olefins. Linear alpha olefin is extremely diverse, known for its purest form, increasing its application as waxes, plastic packaging, high performance industrial and motor oils, and as building blocks for surfactants and other specialty chemicals. In addition, it is used as a surfactant in the production of detergents and the refining of crude oil.

Alpha Olefin Market Trends:

Isobutylene is a branched alpha-olefin that finds application in the production of methyl tert-butyl ether (MTBE) and ethyl tert-butyl ether (ETBE) which are components of gasoline blends for cleaner burning fuels. According to the United States Energy Information Administration, total gasoline consumption in the United States accounted for about 58% of total energy use in the transportation sector in 2019. Gasoline is widely used as a fuel in automobiles, airplanes, and generators for portable and emergency power supply.

Recent Developments in the Alpha Olefin Market:

INEOS declared that it has contracted a memo of empathetic with Total and Saudi Aramco, in France, for the production of three new manufacturing works as portion of the Jubail 2 compound in the Saudi Arabia Kingdom. It will be the first plant of its kind in the Middle East when it comes online in 2025. These units will be the most energy efficient in the world when they go into production in 2025.

Alpha Olefin Market Drivers:

Growing environmental concerns and the use of paper in the packaging industry have driven the use of alkenylsuccinic anhydride, which in turn has increased the growth of the alpha-olefin market. Thus, increased demand for paper is driving the growth of the alpha-olefin market. PAOs were quickly accepted as high-performance lubricants because they possess highly desirable characteristics such as high viscosity index, thermal stability, oxidative stability, compatibility with mineral oils, and low toxicity. DTPs not only offer the advantages of technical performance, but also maintain environmental quality in certain sensitive applications. Furthermore, some PAOs are biodegradable and can therefore be used as substitutes for vegetable oils.

Alpha Olefin Market Restraints:

Stringent restrictions by government on the use of polyethylene is hindering the de mand of alpha-olefins market. For example, California introduced a regulation known as SB270 in July 2015 to ban the use of plastic bags in supermarkets, pharmacies, and other stores. Furthermore, in Africa, in May 2019, the United Nations Environment Program (UNEP), Tanzania banned the import, production, sale and use of plastic bags. Strict regulations to reduce the use of polyethylene have limited the growth of alpha-olefins.

Opportunities in the Alpha Olefin Market:

Alpha-olefins are used in the production of alkenylsuccinic anhydride (ASA). Alkenyl succinic anhydride is a widely used paper sizing agent in the paper industry to increase the softness and water resistance of paper.

Challenges in the Alpha Olefin Market:

The implementation of strict private and government regulations by various countries poses a challenge for the expansion of the Alpha Olefin Market.

Alpha Olefin Market Segmentation:

Type

  • 1-butene
  • 1-hexene
  • 1-octene
  • others

The key driver of development for 1-butene is its application in the making of polymers. The increasing application of these products in the packaging industry is expected to increase the consumption of 1-butene, as it is one of the important raw materials.

Application

  • Oil field chemicals
  • Lubricants
  • Surfactants and intermediates
  • Polyolefin comonomers
  • Others

Polyolefin comonomers, which accounted for the largest market share in 2019, are expected to grow at a CAGR of 3.53% over the forecast period. The growth in demand is driven by increased applications in the consumer goods and packaging industry.

Alpha Olefin Market  Regional Analysis:

The Alpha Olefin Report includes the segmentation of Regions:

  • Europe
  • Asia Pacific
  • North America
  • Latin America
  • Middle East and Africa

North America is the largest market for alpha-olefins. Growth in North America is primarily attributed to the continued expansion of oil, gas and petrochemical infrastructure in the United States, Canada and Mexico. North America is observed as a potential investment center for alpha-olefin manufacture by several internal and external companies owing to its massive reserves of natural resources. It is home to some of the major regional players, such as Chevron Phillips Chemical Company (USA) and ExxonMobil. (U.S.). Strong growth in the region is likely to be supported by growing demand from the plastics industry coupled with growing awareness of green products. Investments in the Middle East and North America are focused on the heaviest LAAs. These regions should target special grades of polyethylene, with an emphasis on the production of C6 and C8 LLDPE. Rapid urbanization and industrialization in the emerging economies of China and India are expected to boost demand for polyethylene products. Various government incentives and a favorable regulatory environment in China, India, Malaysia, and Indonesia have fueled the growth of the manufacturing sector in the Asia-Pacific region. The product is widely used in polyethylene, detergent alcohols, synthetic lubricants, and plasticizers. Increased production of these products in Asia-Pacific is expected to further boost the regional market during the forecast period.

Impact of COVID-19 on Alpha Olefin Market

The automotive sector, which is the key sector of the economy, due to the major disruptions caused by the pandemic, has hampered the growth of the alpha olefins market.

Before COVID-19, businesses experienced moderate growth with sustainable growth. However, the coronavirus pandemic is having a major impact on several industries, including the plastics industry, growing concerns about the hygiene and safety of reusable plastic packaging are leading to a decrease in the demand for alpha olefin.

Alpha Olefin Market Key Players:

The major players covered in the Alpha Olefin Market report are

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Alpha Olefin Market, By Type                             

                                6.1.1 1-butene 

                                6.1.2 1-hexene

                                6.1.3 1-octene  

                                6.1.4 others       

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis              

                                6.1.7 Market Attractiveness Index           

                6.2 Alpha Olefin Market, By Application                

                                6.2.1 polyolefin comonomers    

                                6.2.2 surfactants and intermediates       

                                6.2.3 lubricants

                                6.2.4 oil field chemicals

                                6.2.5 others       

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 Shell Chemical LP                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 ExxonMobil Chemical Co.                     

                8.3 Dow Chemical Company                       

                8.4 JAM Petrochemicals Company                           

                8.5 SABIC                            

                8.6 Mitsubishi Chemical               

                8.7 PJSC Nizhnekamskneftekhim                              

                8.8 Chevron Phillips Chemical Company LP                           

                8.9 Evonik Industries AG                              

                8.10 INEOS Oligomers                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Alpha Olefin Market By Region, From 2021-2026 ( USD Billion )

  2. Global Alpha Olefin Market By Type, From 2021-2026 ( USD Billion )

  3. Global 1-butene Market By Region, From 2021-2026 ( USD Billion )

  4. Global 1-hexene Market By Region, From 2021-2026 ( USD Billion )

  5. Global 1-octene  Market By Region, From 2021-2026 ( USD Billion )

  6. Global others Market By Region, From 2021-2026 ( USD Billion )

  7. Global Alpha Olefin Market By Application, From 2021-2026 ( USD Billion )

  8. Global polyolefin comonomers Market By Region, From 2021-2026 ( USD Billion )

  9. Global surfactants and intermediates Market By Region, From 2021-2026 ( USD Billion )

  10. Global lubricants Market By Region, From 2021-2026 ( USD Billion )

  11. Global oil field chemicals Market By Region, From 2021-2026 ( USD Billion )

  12. Global others Market By Region, From 2021-2026 ( USD Billion )

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