Global Alpha Olefin Market Size, Share and Outlook Analysis to 2023 | Key Players :Chevron Phillips (US), Shell (The Netherlands), and Dow Chemical (US).

Global Alpha Olefin Market Overview:

Alpha-olefins are organic compounds that include alkenes or olefins, which are commonly manufactured by ethylene oligomerization. These compounds offer a range of products of industrial importance such as 1-decene, 1-octene, 1-hexene and 1-butene, 1-dodecene, 1-tetradecene, 1-hexadecene and 1-octadecene. Alpha-olefins are used in a wide range of chemical applications, such as polyethylene, detergent alcohols and synthetic lubricants, among others. The global alpha-olefins market was valued at USD XX Billion in 2017 and is expected to reach $ XX billion in 2023, at a compound annual rate of XX over the forecast period.

Global Alpha Olefin Market Drivers and Restraints:

It is expected that the growing demand for polyethylene for plastic production will stimulate market growth. The increasing application of protective films in agriculture can reduce demand due to soil erosion and UV protection. The increased demand for poly-alpha-olefins for the manufacture of synthetic lubricants against engine wear should support the growth of the market. It is expected that the increase in demand for synthetic oil for the exploration and production of oil fields and drilling will lead to growth. Volatile prices in key raw materials that include ethylene and regulations to reduce carbon emissions can undermine the growth of the industry. The increase in investments to develop alpha-olefins of biological origin should open new prospects for growth in the market.

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Global Alpha Olefin Market Geographic Segmentation:

On the basis of geography, Global Alpha Olefin Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. North America was the largest regional consumer market in 2014. The increase in oil drilling activities along with the expansion of the capacity of the main manufacturers is the main contributors to market growth. Asia-Pacific is expected to be the fastest growing regional market during the forecast period. It is expected that the growing demand for polyethylene due to the strong growth in the automotive and consumer goods market in China and India will increase the demand for alpha-olefins in the region. The ease of access to basic products such as ethylene in the United States and Mexico, together with the presence of key market players in the region, has led to growth in the alpha-olefin market in North America. Large companies are gradually expanding their presence in the region to meet the growing regional demand and expand their presence in the global market. These trends are expected to have a positive impact on the production landscape of the olefin market in North America. The growth of end-use industries in the Asia-Pacific region is expected to increase demand in the region. It is also expected that Europe will experience a decline in the petrochemical industry as it is expected that many ethylene plants are not profitable during the forecast period, representing around 65% of the total European production capacity. Facilities in Europe also rely heavily on naphtha at a disadvantage for alpha-olefin production, which creates a competitive disadvantage compared to the United States or the Middle East and Africa. Domestic producers are trying to switch to lighter raw materials to improve their cost situation. However, barriers such as geographic location, infrastructure, supply contracts and co-products may limit market

Key Players in Global Alpha Olefin Market:
Major players competing in Global Alpha Olefin Market include Chevron Phillips (US), Shell (The Netherlands), and Dow Chemical (US).

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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