Global Linear Alpha Olefins Market - Opportunities Strategies and Growth Drivers Report 2017-2022
Growth in the key end-use industries is currently facilitating the demand of linear alpha olefins as a co-monomer and a precursor. As a result of this, the global linear alpha olefins market has grown at a CAGR of 4% during 2008-2015.
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IMARC Group’s latest report, titled, “Linear Alpha Olefins Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance”, provides an in-depth analysis of the global linear alpha olefins market. Linear alpha olefins are industrially important alkenes with the chemical formula CXH2X. They are distinguished from other olefins by their linear chains and the presence of a double bond at the primary carbon atom. They are manufactured mostly by the oligomerisation of ethylene or the Fischer-Tropsch synthesis followed by purification. Linear alpha olefins are used as co-monomers and as precursors for various polymers, lubricants, detergents, etc. According to the report, the global linear alpha olefins market reached a value of around US$ 7 Billion exhibiting a CAGR of around 4% during 2008-2015. As a result of an increasing demand from the end-use industries, this market is further expected to witness a continuous growth during 2016-2021.
Linear alpha olefins are extremely versatile and have applications in various industries. They are used as co-monomers in the production of plastics such as polyethylene and polypropylene. They are also used in oil drilling applications as lubricants and coolants. A number of industrially important chemical products manufactured using linear alpha olefins include – poly alpha olefins, alkenyl succinic anhydrides, drag reducing agents, lubricants, fuel additives, plasticisers, detergent alcohols, etc. These products are used in the cosmetics & pharmaceuticals, automotive, coatings & paper, consumer goods, and chemical industries.
Currently, the polyethylene industry represents the largest and fastest growing consumer of linear alpha olefins accounting for the majority of the total global consumption. The fast growth of the polyethylene industry is attributed to an increasing demand for plastics in the automotive and consumer goods industries. Some of the other major consumers of linear alpha olefins are detergent alcohols, plasticisers and lubricants.
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The report has also covered the key region of this market. Currently, North America represents both the largest producer and consumer of linear alpha olefins. Other major consumers include – South Africa, Middle East, Asia (excluding Japan) and Western Europe. On the other hand, Japan, Middle East, South Africa, Europe represent some of the major producers of linear alpha olefins. The report has further analysed the competitive landscape of this market with some of the key players being ExxonMobil Chemical Company, the DOW Chemical Company, Sasol Limited, Chevron Phillips Chemical Company LP and Shell Chemical Ltd.
The report provides a comprehensive insight into the industry including its value chain analysis, import and export trends and market outlook. The report also gives an in-sight into the manufacturing process of linear alpha olefins, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
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