Linear Alpha Olefins market Opportunity Analysis on INEOS, Shell, Chevron, Sasol, Idemitsu, Jam Petrochemical and Evonik Industries

U.S. linear alpha olefins demand market must surpass USD 6 billion during the forecast period due to its surge in ethylene production and shale oil boom in the region. Availability and constant supply of ethylene at low price has resulted in increasing production of LAO based products. Linear alpha olefins market demand from HDPE application should grow steadily surpassing USD 2.4 billion by 2024. Growing HDPE demand in film and injection molding applications owing to its superior impact & puncture resistance and high tensile strength should boost product demand over the forecasted timeframe.

This report focuses on the top Manufacturers and players in global market are given bellow:-

INEOS, Shell, Chevron, Sasol, Idemitsu, Jam Petrochemical and Evonik Industries. 

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Companies focusing on development of bio based products to reduce dependency on fossil based raw materials should have positive impact on market growth. Growing R&D expenditures to formulate renewable products and reduce environmental impact should favor industry growth. Increasing investments on to enhance manufacturing process technology for high quality products should surge linear alpha olefins demand.

Key feedstock required for commercial LAO production include ethylene, syn-gas and C4 steam. Fluctuating crude oil index coupled with procurement risk associated with transportation & handling of raw material may challenge industry profitability and impact linear alpha olefins market price trends. However, technological innovations in production process to produce sustainable products should propel industry growth.

1-Octene based linear alpha olefins market must witness growth at over 3.5% by 2024 owing to strong application outlook in polyolefin elastomers production. These elastomers are used for components of automotive interiors and flexible packaging. These materials replace EPDM and EVA on accounts of low production cost and availability.

LAO Market, By Product

1-Butene
1-Hexene
1-Octene
1-Decene
1-Dodecene
1-Tetradecene
1-Hexadecene
1-Octadecene
Others
LAO Market, By Application

LLDPE
HDPE
PAOs
Detergent Alcohols
Oil Field Chemicals
Lubricants
Plasticizers
Others
Industry Analysis Report, Regional Outlook

U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC

Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

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Europe, led by Germany, France and Italy linear alpha olefins market, is estimated to show steady growth rates and surpass 1.5 million tons by 2024. Increasing production and sales of automobiles coupled with presence of big automotive production companies should favor industry growth.

Increasing environmental concern towards harmful automobile emissions supported by strict automobile emission control policies set by government should boost synthetic lubricants demand thereby driving market demand.

Easy accessibility, consistent supply and low cost of key raw material, ethylene for production owing to shale gas exploration activities mainly in U.S. and Europe should stimulate linear alpha olefins market growth. Increasing petrochemicals demand along with development of enhance drilling techniques has led to rise in shale gas extraction thereby driving linear alpha olefins market growth.

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