Europe linear alpha olefins market led by France, Italy and Germany should grow at over 3.5% during foreseeable timeframe. This growth can be attributed to widely prevalent automotive OEM industries along with strict environment protection laws for emission control in the region.
China linear alpha olefins market will surpass USD 1.5 billion by 2024 pertaining to growing demand for polymer and plastic based products in electronics, electrical and other end-use industry. Supportive government policies towards use and production of polyethylene-based products should drive regional industry growth.
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Global linear alpha olefins market share is moderately fragmented with market participants including Shell, Sasol, Exxon Mobil, Chevron Phillips and INEOS. These players focus on strategic alliances, mergers and acquisitions to expand their production capacity along with regional presence.
As far as global industry is concerned, the linear alpha olefins market is predicted to reach a revenue of more than USD 19 billion by 2024. Growing polyethylene demand in packaging and other polymer industries should drive linear alpha olefins market. LAO is extensively used as copolymer in manufacturing high density polyethylene (HDPE) and low-density polyethylene (LDPE) which finds wide application in flexible packaging, food packaging, shrink films, automotive, household products and agriculture.
Linear alpha olefins market from lubricant application should witness gains at over 3% during forecast timeframe. Increasing demand for PAO derived from LAO to produce synthetic lubricants should propagate linear alpha olefins market. These lubricants offer excellent balance of viscosity, pour point and oxidative stability reducing wear & tear while enhancing performance.
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Stringent regulations pertaining to emission reduction in automotive industry forces engine to run hot pertaining to its design. PAO based synthetic lubricants containing 1-Decene as building block helps cooling off the engine which might propel linear alpha olefins market.
Shale oil & gas boom in the U.S. strengthened supply dynamics along with reduced prices for raw material. This empowered LAO manufacturers to shift their production units from Europe to North America. U.S. LAO market from oil field chemical application should generate revenues over USD 350 million by 2024. Growing energy demand along with positive outlook in upstream and downstream activities should drive linear alpha olefins market.
Light chained olefins are extensively used in the production of polyethylene which acts as intermediate to manufacture HDPE and LDPE. 1-Octene and 1-Decene are widely used to commercially produce lubricants and plasticizers. They also provide a versatile range of polypropylene resins used in plastic industry driving product demand.
Browse key industry insights spread across 175 pages with 173 market data tables & 10 figures & charts from the report, “Linear Alpha Olefins Market Size By Product (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, 1-Tetradecene, 1-Hexadecene, 1-Octadecene), By Application (LLDPE, HDPE, PAO, Detergent Alcohols, Oil Field Chemicals, Lubricants, Plasticizers), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Thailand, Malaysia, Brazil, South Africa, Saudi Arabia, UAE) Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 5. Linear alpha olefins Market, By Application
5.1. Global linear alpha olefins market share by application, 2016 & 2024
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. Poly alpha olefins (PAO)
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Detergent Alcohols
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024
5.6. Oil Field Chemicals
5.6.1. Market estimates and forecast, 2013-2024
5.6.2. Market estimates and forecast, by region, 2013-2024
5.7.1. Market estimates and forecast, 2013-2024
5.7.2. Market estimates and forecast, by region, 2013-2024
5.8.1. Market estimates and forecast, 2013-2024
5.8.2. Market estimates and forecast, by region, 2013-2024
5.9.1. Market estimates and forecast, 2013-2024
5.9.2. Market estimates and forecast, by region, 2013-2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/linear-alpha-olefins-market
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