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Linear Alpha Olefins Market Share - Global Industry Size Report 2017-2024 | Qatar Chemical Company, SABIC, Chevron Phillips Chemical Company, INEOS, Shell, Sasol, Idemitsu Kosan Co.,Ltd., Evonik, ExxonMobil
Linear Alpha Olefins Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. INEOS
2. Shell
3. Sasol
4. Chevron Phillips Chemical Company
5. Idemitsu Kosan Co.,Ltd.
6. Nizhnekamskneftekhim
7. SABIC
8. Jam Petrochemical Company
9. Qatar Chemical Company
10. Evonik
11. ExxonMobil
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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.
Europe, led by Germany, France and Italy linear alpha olefins market size, 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.
LAO Market, By Application
• LLDPE
• HDPE
• PAOs
• Detergent Alcohols
• Oil Field Chemicals
• Lubricants
• Plasticizers
• Others
Browse key industry insights spread across 175 pages with 173 market data tables & 10 figures & charts from the report, “Linear Alpha Olefins Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/linear-alpha-olefins-market
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.
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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