Higher Linear Alpha Olefins Market Revenue to Record Stellar Growth Rate Dur

Posted by Abhijeet More on September 26th, 2019

 In 2017, the demand for Higher Linear Alpha Olefins Market in Asia Pacific was estimated to be 129.7 kilo tons. The region is likely to witness demand growth at a rate of 3.1% in the long term forecast till 2025.  In terms of applications, Linear Alkyl Benzene (LAB) which is considered under detergent intermediates account for the largest share roughly estimated at 27.2%. The second biggest end-use of higher LAOs was for Polyalphaolefins (PAO) application roughly accounting for 20%. This was followed by surfactants & intermediates and lubricants together accounting for more than 24%. Oxo alcohols accounted for around 10% of the total demand while all other applications including plasticizer, oilfiled chemicals, paper sizing chemicals together accounted for a share of 18%.

Amongst the Higher LAOs, demand for Decene-1 accounted for almost 27% followed by dodecene-1 at 23%. Tetradecene was the third largest type of Higher LAO with a share of around 17%. All other LAOs from C16 & other Higher LAOs together account for 33%. Decene-1 is expected to grow at 3.4% while all other higher LAOs (dodecene-1, Tetradecene-1 and C16 & other Higher LAOs) are expected to grow at an average of around 3.0%.

The Asia-Pacific current demand for butene-1 has grown by 1.6 times from 342 kilo tons in 2010 to reach 550 kilo tons in 2017. Historically, the overall demand witnessed an aggregate growth rate of around 7.0% in the last 7 years, mainly supported by the strong demand from polyethylene. Polyethylene applications still accounts for 86% market demand for butene-1 and in the long-term forecast it is expected to remain the single largest driver followed by other small applications. Butene-1 demand for LLDPE applications followed by its use for HDPE production will drive the regional butene-1 demand estimated to grow at an annual average of around 8.0% in the long-term forecast till 2025. 

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