Alpha Olefins Market 2021-2031: Share and Forecast
The Alpha Olefins Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by product (1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, others). The report further presents analysis based on application (polyethylene, detergent alcohol, synthetic lubricants, others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Alpha Olefins Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Alpha Olefins Market Segmentation
Product- 1-Butene
- 1-Hexene
- 1-Octene
- 1-Decene
- 1-Dodecene
- Others
- Polyethylene
- Detergent alcohol
- Synthetic lubricants
- Others
Strategic Insights
Alpha Olefins Market Growth Drivers- Increased Demand for Light-Weight and High-Strength Plastics: There has been a significant nascent as well as an increase in the demand for light weight and high strength plastics in the manufacturing, automotive and packaging sectors which acts as a key growth driving factor for the alpha olefins market. The above reports are synthesized providing evidence that no other compounds are substantially used to replace alpha olefins for the polymer production so these capacities are on rise for most of the new applications.
- Wide Application Scope: There are factors that are fuelling the growth of dynamic alkylating agents such as barriers to pumping and more advanced fractures reduction of loading. Strategies such as improved steam cracking and other rather simple hydrocarbon processing raise the rent on production capabilities turning it reasonable for the industries to increase the capacity in production and quality of the outputs.
- Growing Investments: The trends aimed at sustainability in chemical production systems are advancing the alpha olefins market as well. Increasing regulations and consumers’ preference towards friendly environmental products is encouraging the manufacturers to turn into renewable resources and green chemistry. This is creating a wave of investments flowing to alpha olefins production based on bio feedstocks, broadening the market scope further.
- Shift Towards Sustainability: Development of biobased alpha olefins from renewable resources is on the rise due to the shift in focus to sustainable products. Rising consumer and regulatory concerns towards environmentally friendly solutions have made manufacturers pay attention to biofeedstocks and new ways of producing them. This trend reduces carbon footprints and creates an opportunity for the manufacture of green products in other market segments.
- Growing Demand of Alpha Olefins in Various End Use Applications: As industries always look for high-performance materials, the demand for the use of alpha olefins in superior applications such as specialty chemicals and coatings will grow. New discoveries in material science are making it possible to design products with improved performance characteristics and increase the scope of application especially in the automotive, electronics and construction industries.
- Advancements in Digital Technologies: It is believed that the introduction of digital technologies in the production and supply chain of alpha olefins such as AI and the IoT will improve operational efficiency and lower costs. With these smart manufacturing solutions, everything will be monitored and optimized in real-time thereby improving the yield, quality control, and overall sustainability of the operations.
- Growing Demand for Green Technologies: The increasing trend of sustainability offers the market for renewable resources, bio based alpha olefins. As industries embrace green technologies, it is possible for producers to develop and manufacture products that are in demand from customers. This extends the scope of innovations and creates one more subdivision within the alpha olefins market.
- Increasing Industrialization: The fast pace of industrialization in developing countries is a major contributing factor to the growth of the alpha olefins market. Investing in the development of such regions involves upgrading the existing and creating new infrastructure and manufacturing Facilities which increases the consumption of specialty chemicals such as plastics, lubricants, and surface-active agents, prompting companies to invest and grow to reach out to these growing markets.
- Growing Demand for Advanced Materials: In the course of advanced materials, there are some that are evolving, and in this case, smart polymers and nanocomposites, new opportunities for alpha olefins open up. Due to their reversibility, they are potential raw materials for several sectors, including automotive, aerospace and electronics, which enhances markets and research on new products and uses.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Alpha Olefins Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Alpha Olefins Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Growing demand of biobased alpha olefins is expected to be the key market trends
Based on product, the 1-butene segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the largest share of the alpha olefins market due to the well-established manufacturing industry across the region, coupled with continuous growth and development
Increase in adoption rates of plastics and polymers is driving the market growth
Royal Dutch Shell; Chevron Phillips Chemical Company; SABIC; LyondellBasell Industries; Ineos; Eastman Chemical Company; ExxonMobil Chemical; Dow Chemical Company; Mitsui Chemicals; Formosa Plastics Corporation; BASF; Clariant; Petrobras; Repsol; Reliance Industries Limited
The Alpha Olefins Market is estimated to witness a CAGR of 5% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Alpha Olefins Market - By Product
1.3.2 Alpha Olefins Market - By Application
1.3.3 Alpha Olefins Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ALPHA OLEFINS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ALPHA OLEFINS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ALPHA OLEFINS MARKET - GLOBAL MARKET ANALYSIS
6.1. ALPHA OLEFINS - GLOBAL MARKET OVERVIEW
6.2. ALPHA OLEFINS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ALPHA OLEFINS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. 1-BUTENE
7.3.1. Overview
7.3.2. 1-Butene Market Forecast and Analysis
7.4. 1-HEXENE
7.4.1. Overview
7.4.2. 1-Hexene Market Forecast and Analysis
7.5. 1-OCTENE
7.5.1. Overview
7.5.2. 1-Octene Market Forecast and Analysis
7.6. 1-DECENE
7.6.1. Overview
7.6.2. 1-Decene Market Forecast and Analysis
7.7. 1-DODECENE
7.7.1. Overview
7.7.2. 1-Dodecene Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. ALPHA OLEFINS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POLYETHYLENE
8.3.1. Overview
8.3.2. Polyethylene Market Forecast and Analysis
8.4. DETERGENT ALCOHOL
8.4.1. Overview
8.4.2. Detergent alcohol Market Forecast and Analysis
8.5. SYNTHETIC LUBRICANTS
8.5.1. Overview
8.5.2. Synthetic lubricants Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALPHA OLEFINS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Alpha Olefins Market Overview
9.1.2 North America Alpha Olefins Market Forecasts and Analysis
9.1.3 North America Alpha Olefins Market Forecasts and Analysis - By Product
9.1.4 North America Alpha Olefins Market Forecasts and Analysis - By Application
9.1.5 North America Alpha Olefins Market Forecasts and Analysis - By Countries
9.1.5.1 United States Alpha Olefins Market
9.1.5.1.1 United States Alpha Olefins Market by Product
9.1.5.1.2 United States Alpha Olefins Market by Application
9.1.5.2 Canada Alpha Olefins Market
9.1.5.2.1 Canada Alpha Olefins Market by Product
9.1.5.2.2 Canada Alpha Olefins Market by Application
9.1.5.3 Mexico Alpha Olefins Market
9.1.5.3.1 Mexico Alpha Olefins Market by Product
9.1.5.3.2 Mexico Alpha Olefins Market by Application
9.2. EUROPE
9.2.1 Europe Alpha Olefins Market Overview
9.2.2 Europe Alpha Olefins Market Forecasts and Analysis
9.2.3 Europe Alpha Olefins Market Forecasts and Analysis - By Product
9.2.4 Europe Alpha Olefins Market Forecasts and Analysis - By Application
9.2.5 Europe Alpha Olefins Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Alpha Olefins Market
9.2.5.1.1 Germany Alpha Olefins Market by Product
9.2.5.1.2 Germany Alpha Olefins Market by Application
9.2.5.2 France Alpha Olefins Market
9.2.5.2.1 France Alpha Olefins Market by Product
9.2.5.2.2 France Alpha Olefins Market by Application
9.2.5.3 Italy Alpha Olefins Market
9.2.5.3.1 Italy Alpha Olefins Market by Product
9.2.5.3.2 Italy Alpha Olefins Market by Application
9.2.5.4 United Kingdom Alpha Olefins Market
9.2.5.4.1 United Kingdom Alpha Olefins Market by Product
9.2.5.4.2 United Kingdom Alpha Olefins Market by Application
9.2.5.5 Russia Alpha Olefins Market
9.2.5.5.1 Russia Alpha Olefins Market by Product
9.2.5.5.2 Russia Alpha Olefins Market by Application
9.2.5.6 Rest of Europe Alpha Olefins Market
9.2.5.6.1 Rest of Europe Alpha Olefins Market by Product
9.2.5.6.2 Rest of Europe Alpha Olefins Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Alpha Olefins Market Overview
9.3.2 Asia-Pacific Alpha Olefins Market Forecasts and Analysis
9.3.3 Asia-Pacific Alpha Olefins Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Alpha Olefins Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Alpha Olefins Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Alpha Olefins Market
9.3.5.1.1 Australia Alpha Olefins Market by Product
9.3.5.1.2 Australia Alpha Olefins Market by Application
9.3.5.2 China Alpha Olefins Market
9.3.5.2.1 China Alpha Olefins Market by Product
9.3.5.2.2 China Alpha Olefins Market by Application
9.3.5.3 India Alpha Olefins Market
9.3.5.3.1 India Alpha Olefins Market by Product
9.3.5.3.2 India Alpha Olefins Market by Application
9.3.5.4 Japan Alpha Olefins Market
9.3.5.4.1 Japan Alpha Olefins Market by Product
9.3.5.4.2 Japan Alpha Olefins Market by Application
9.3.5.5 South Korea Alpha Olefins Market
9.3.5.5.1 South Korea Alpha Olefins Market by Product
9.3.5.5.2 South Korea Alpha Olefins Market by Application
9.3.5.6 Rest of Asia-Pacific Alpha Olefins Market
9.3.5.6.1 Rest of Asia-Pacific Alpha Olefins Market by Product
9.3.5.6.2 Rest of Asia-Pacific Alpha Olefins Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Alpha Olefins Market Overview
9.4.2 Middle East and Africa Alpha Olefins Market Forecasts and Analysis
9.4.3 Middle East and Africa Alpha Olefins Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Alpha Olefins Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Alpha Olefins Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Alpha Olefins Market
9.4.5.1.1 South Africa Alpha Olefins Market by Product
9.4.5.1.2 South Africa Alpha Olefins Market by Application
9.4.5.2 Saudi Arabia Alpha Olefins Market
9.4.5.2.1 Saudi Arabia Alpha Olefins Market by Product
9.4.5.2.2 Saudi Arabia Alpha Olefins Market by Application
9.4.5.3 U.A.E Alpha Olefins Market
9.4.5.3.1 U.A.E Alpha Olefins Market by Product
9.4.5.3.2 U.A.E Alpha Olefins Market by Application
9.4.5.4 Rest of Middle East and Africa Alpha Olefins Market
9.4.5.4.1 Rest of Middle East and Africa Alpha Olefins Market by Product
9.4.5.4.2 Rest of Middle East and Africa Alpha Olefins Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Alpha Olefins Market Overview
9.5.2 South and Central America Alpha Olefins Market Forecasts and Analysis
9.5.3 South and Central America Alpha Olefins Market Forecasts and Analysis - By Product
9.5.4 South and Central America Alpha Olefins Market Forecasts and Analysis - By Application
9.5.5 South and Central America Alpha Olefins Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Alpha Olefins Market
9.5.5.1.1 Brazil Alpha Olefins Market by Product
9.5.5.1.2 Brazil Alpha Olefins Market by Application
9.5.5.2 Argentina Alpha Olefins Market
9.5.5.2.1 Argentina Alpha Olefins Market by Product
9.5.5.2.2 Argentina Alpha Olefins Market by Application
9.5.5.3 Rest of South and Central America Alpha Olefins Market
9.5.5.3.1 Rest of South and Central America Alpha Olefins Market by Product
9.5.5.3.2 Rest of South and Central America Alpha Olefins Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALPHA OLEFINS MARKET, KEY COMPANY PROFILES
11.1. CHEVRON PHILLIPS CHEMICAL COMPANY LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EXXON MOBIL CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INEOS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MITSUBISHI CHEMICAL CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PJSC NIZHNEKAMSKNEFTEKHIM
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. QATAR PETROLEUM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROYAL DUTCH SHELL PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SABIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SASOL LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE DOW CHEMICAL COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- INEOS AG
- Mitsubishi Chemical Corporation
- PJSC Nizhnekamskneftekhim
- Qatar Petroleum
- Royal Dutch Shell plc
- SABIC
- Sasol Limited
- The Dow Chemical Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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