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Linear Alpha Olefin Market Top Key Industry Players: Shell, INEOS, Sasol, SABIC, Exxon Mobil and Chevron Phillips
Global Market Insights
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Stringent regulations pertaining to emission reduction in automotive industry forces engine to run hot pertaining to its design. PAO based synthetic lubricants containing 1-Decene as building block helps cooling off the engine which might propel linear alpha olefins market. Strict regulatory regimes on polyethylene usage along with presence of alternatives such as astungsten disulphide and development in nanoparticle based lubricants might hinder industry growth.
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.
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 size 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.
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Linear Alpha Olefins market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
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
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Europe linear alpha olefins market led by France, Italy and Germany should grow at over 3.5% during foreseeable timeframe. This growth can be attributed to widely prevalent automotive OEM industries along with strict environment protection laws for emission control in the region.
China linear alpha olefins market will surpass USD 1.5 billion by 2024 pertaining to growing demand for polymer and plastic based products in electronics, electrical and other end-use industry. Supportive government policies towards use and production of polyethylene based products should drive regional industry growth.
Global linear alpha olefins market share is fragmented with key industry participants including INEOS, Shell, Chevron, Sasol, Idemitsu, Jam Petrochemical and Evonik Industries. Participants focus on expanding their regional presence, product portfolio and technology through partnerships, mergers and acquisitions.
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