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Abstract, Snapshot, Market Analysis & Market Definition: Global Alpha Olefin Market The global alpha olefin market size was estimated at USD 8.26 billion in 2018 and is estimated to expand at a CAGR of 4.8% from 2019 to 2025. Growing demand for polyethylene, owing to its usage in various applications, such as packaging, industrial processes, consumer goods, and others is expected to drive the market. Alpha olefins are organic compounds produced by the oligomerization of ethylene, which is the most commonly used process. Oligomerization process consists of products with even-numbered carbon chains, usually ranging from C4 to C30+. Different companies, such as Chevron, Shell, and Phillips, have developed their own manufacturing techniques. Modifications by these producers at different stages of the reaction sequence lead to different product and chain-length of alpha-olefin polymers. Ethylene, which is manufactured using crude oil and naphtha, is the major raw material used in the production of alpha-olefin. Shale gas boom of 2008 in North America led to a dramatic decrease in the cost of industrial energy and feedstock. Shale rocks can also be used as innovative, inexpensive cracker feed for ethylene production, which has resulted in increased supply levels coupled with lower market pricing. Investments in various cracker joint venture projects along with abundant availability of low-cost ethane from reserves of shale gas in U.S. is projected to boost raw material supply for the production of alpha-olefin. The market is anticipated to witness a stable demand-supply over the forecast period. Key companies, such as INEOS, SASOL, and CPChem, have invested in capacity expansion to help retain the market balance, as well as product prices. However, the market is projected to witness a linear increase in product prices in line with a rise in the cost of ethylene over the forecast period. The prices are normally based on raw material costs and the production technology used. Ethylene prices have been fluctuating in the past and thus a similar trend can be observed with alpha-olefin prices. A decrease in ethylene prices in 2012 on account of the shale gas boom in U.S. has directly affected the product prices. Market Segmentation, Outlook & Viewpoint: Global Alpha Olefin Market Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) 1-Butene 1-Hexene 1-Octene 1-Decene 1-Dodecene Others Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) Polyethylene Detergent Alcohol Synthetic Lubricant Others Key Players, Recent Developments & Regional Insights: Global Alpha Olefin Market 1-hexene is expected to emerge as the fastest-growing product segment over the forecast years. Increasing utilization of 1-hexene as a common monomer for manufacturing High-Density Polyethylene (HDPE) and Linear Low-Density Polyethylene (LLDPE) polymers is expected to augment the segment growth. Rising demand for polyethylene on account of growing automotive and consumer goods markets, in the emerging economies of China, India, and Brazil is expected to drive the 1-hexene segment further. It is also used as an additive in synthetic lubricants, which is expected to further augment market development. Demand for 1-dodecene from industrial and household cleaners and increasing application in the personal care industry will boost this product segment as 1-dodecene is used in the production of detergent alcohols. However, increasing consumption of bio-based detergent alcohols and alkyl aromatics is anticipated to replace 1-dodecene. Application Insights Polyethylene is the major application segment and accounted for around 57% of the market share, in terms of volume, in 2018. Construction is the leading application market for polyethylene compounds. Polyethylene is also used in the packaging sector and for prototype development on Computer Numerical Control (CNC) machines and 3D printers. High-density polyethylene offers easy processing at lower cost, a good moisture barrier, and holds the ability to produce an opaque packaging product. Low-density polyethylene is often preferred on the basis of the field of application due to low production costs, heat seal-ability, high clarity and elongation, and softness. Demand for synthetic lubricants is expected to be driven by the implementation of stringent regulations regarding pollution control. Rising expenditure on R&D is also expected to play a major role in driving the demand for synthetic lubricants. Moreover, wide scope of application of these lubricants is expected to further boost the market. Regional Insights The three largest producers of Linear Alpha Olefins (LAO) via ethylene oligomerization are Chevron Phillips, INEOS, and Shell. These companies have a significant presence in North America, Western Europe, and Middle East. However, Western Europe is likely to experience a limited supply of ethylene and will continue to produce LAO through extractive distillation or full range process with minor capacity additions. Investments in Middle East and North America are being focused on heavier LAOs. These regions are expected to target specialty grades of polyethylene, with a focus on production of C6 and C8 LLDPE. Rapid urbanization and industrialization in emerging economies of China and India are expected to drive product demand in polyethylene. Various government incentives and favorable regulatory scenario in China, India, Malaysia, and Indonesia have driven the growth of the manufacturing sector in Asia Pacific. The product is widely utilized in polyethylene, detergent alcohols, synthetic lubricants, and plasticizers. Increasing production of these products in Asia Pacific is further expected to drive the regional market over the forecast period. Alpha Olefin Market Share Insights Industry participants are majorly focusing on new product development and long-term partnerships with raw material suppliers. Competitive factors that have had a deep impact on market growth include product portfolio, pricing, and manufacturing technology. Most manufacturers are multinational companies and therefore indulge in R&D activities for innovative and sustainable production methods. These companies are setting up manufacturing units in developing countries to take advantage of future opportunities. Some of the key industry participants are Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, and Petrochemicals (Malaysia) Sdn. Bhd. Other manufacturers include INEOS Oligomers, Mitsubishi Chemical Corp., and Qatar Chemical Company Ltd (Q-chem). Key Insights Covered: Global Alpha Olefin Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Alpha Olefin industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Alpha Olefin industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Alpha Olefin industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Alpha Olefin industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Alpha Olefin industry. Research Methodology: Global Alpha Olefin Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sourcesChapter 2 Executive Summary 2.1 Market Snapshot 2.2 Alpha olefin- Industry snapshot and demand analysisChapter 3 Market Variables, Trends & Scope 3.1. Market Lineage Outlook 3.1.1. Global Petrochemicals Market Outlook 3.1.2. Global Alpha Olefin Market Outlook 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Raw Material Trends 3.3.2. Manufacturing Trends 18.104.22.168. Technolog | read more...