Alpha Olefins Market to Surpass Significant Valuation with healthy CAGR by 2023Posted by Harish Somani on September 24th, 2018 Overview: The Alpha Olefins Market is anticipated to grow at an exceptional CAGR in the duration of the forecast period. Alpha Olefins are mainly produced by the catalytic oligomerization of ethylene and fishcer-tropsch process to give a mixture of largely linear products of C4-C20+ even number chain length. Crude oil pricing is the major constraint for the production of alpha olefins. Alpha Olefins are feedstock for many industries. The major applications of these compounds are comonomer for polyolefin production, synthetic lubricant production, as surfactant in detergent production and crude oil refining, and also used as drilling machinery fuel in oil & gas exploration. the Global Alpha Olefins Market include rapid increase in oil & gas exploration and extraction activities propelling the Alpha Olefins use as drilling machinery fuel, rising demand for synthetic lubricants for vehicles, and increasing expenditure on research activities. Moreover, demand for Alpha Olefins is predicted to witness significant growth over the assessment period due to surging oil & gas industry. Rising crude oil refining across the globe is anticipated to be an important driver for alpha olefins market during the review period. Increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market. Industry Related News: In, October 2016- INEOS, announced to build a new linear alpha olefin plant at its Bayou site. This expansion facility is expected to cost around USD 500 Million, and completion will be done by the end of 2018. With this capacity expansion the company will able to meet the growing demand for alpha olefins across the globe. Intended Audience:
Segmentation:The Global Alpha Olefins Market is categorized by region, application, and type. By region, the alpha olefins market is categorized into Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. By application, the alpha olefins market is categorized into lubricant, plasticizer, surfactant, drilling machinery fuel, and polyolefin comonomer. By type, the alpha olefins market is bifurcated into 1-hexene, 1-butene, 1-octene, and 1-decene. Competitive Analysis:The smart amalgamation of supply chain management is progressively escalating the expansion of the market. The decisive success factors in the market are effortlessly achieved in the market leading to a high pace of development in the forecast period. The market demand and competitors’ dynamics are distinctly improved by the strategies that are being utilized by market players. The market is to a great extent lifted by the developments that are occurring in the market. The improvement in products and services of the markets will alter the progression of the market’s growth substantially. The long run feasibility of the market is greatly dependent on the techniques and the strategic roadmaps that are engaged by market players. The augmented level of emphasis on the variation of products is increasing the number of customers in the market substantially. Regional Analysis: The Alpha Olefins Market spanned in five regions across the globe namely; Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa. Asia Pacific has emerged as the leading market region for Alpha Olefins followed by North America and Europe. North American alpha olefins market is predicted to witness a tremendous growth on account of high Alpha Olefin consumption to produce synthetic lubricants, increasing production capacities, and rising economic growth rate. In Europe, the demand for alpha olefins is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. In North American region, the U.S. is predicted to be a major contributor in the regional growth of alpha olefins market and is expected to see a significant demand for Alpha Olefins during the forecast period, 2017 to 2023. As of 2016, the U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in production of crude oil. Top Global Players: Sasol Limited (South Africa), The Dow Chemical Company (U.S.), Qatar Chemical Company Ltd. (Qatar), Evonik Industries AG (Germany), Chevron Phillips Chemical Company LLC (U.S.), Royal Dutch Shell plc. (the Netherlands), Ineos Group Limited (U.K), SABIC (Saudi Arabia), PJSC Nizhnekamskneftekhim (Russia), and Idemitsu Kosan Co. Ltd. (Japan). To Receive Sample Copy of Report, Click here: Like it? Share it! More by this author |