Alpha Olefins Market 2019-2023 Global Industry Analysis By Top Market Players - The Dow Chemical Company, SABIC, Evonik Industries AG, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc

The Global Alpha Olefins Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding construction sector. The demand for Alpha Olefins is predicted to surge in numerous countries of the Asia Pacific such as China, India, Indonesia, Japan and South Korea due to increased pipes production which is anticipated to fuel the Alpha Olefin Market. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to meet the demand for Alpha Olefin raw materials.

Major Market Players:

Some of the prominent players operating in the Global Alpha Olefins Market are Royal Dutch Shell plc (the Netherlands), Chevron Phillips Chemical Company LLC (U.S.), Ineos Group Limited (U.K), SABIC (Saudi Arabia), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), PJSC Nizhnekamskneftekhim (Russia), Qatar Chemical Company Ltd. (Qatar), Evonik Industries AG (Germany), and Idemitsu Kosan Co.,Ltd. (Japan) among others.

Get Sample of Alpha Olefins Market Report @ https://www.marketresearchfuture.com/sample_request/4877

Asia Pacific has emerged as the leading market region for Alpha Olefins followed by North America and Europe. North American alpha olefins market is predicted to witness a tremendous growth on account of high Alpha Olefin consumption to produce synthetic lubricants, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be a major contributor in the regional growth of alpha olefins market and is expected to see a significant demand for Alpha Olefins during the forecast period, 2017 to 2023. As of 2016, the U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in production of crude oil. In Europe, the demand for alpha olefins is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in alpha olefins.

Market Overview:

Alpha Olefins are predominantly utilized in various applications such as plasticizer, lubricant, drilling machinery fuel, surfactant, polyolefin co-monomer, and others. Alpha Olefins market is predicted to witness strong due to growing demand from automobile sector, rapid industrialization, and increasing demand from construction sector. In addition, among the end use application segment polyolefins co-monomer accounted for the largest market share in 2016 and holds for around 29% market share due to their wide usage in automotive application, industrial applications, household and packaging applications. Furthermore, increasing demand in numerous application segments due to their versatility, recyclability, and low cost is predicted to propel the polyethylene market. The lubricant segment is expected to register healthy growth on account of increasing demand from automotive and industrial sector. Furthermore, rising population combined with the increasing need of infrastructure development is predicted to fuel the growth of the market.

Access full Alpha Olefins Market Report For USD $4450.0 @ https://www.marketresearchfuture.com/reports/alpha-olefins-market-4877

Segmental Insights:

The Global Alpha Olefins Market is categorized on the basis of type, application, and region. On the basis of type, the market is bifurcated into 1-butene, 1-hexene, 1-octene, 1-decene and others. On the basis of application, the alpha olefins market is categorized into polyolefin comonomer, plasticizer, lubricant, surfactant, drilling machinery fuel, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Industry/ Innovation/ Related News:

June 2017- A U.S. based Chevron Phillips Chemical Company announced that the company has completed the production capacity expansion of its poly alpha olefins (PAO) at its Cedar Bayou plant in Texas. The company has increased the capacity by 20% which will help company to meet the rising demand for high performance lubricants in industrial and automotive applications.

October 2016- INEOS, announced to build a new linear alpha olefin plant at its Bayou site. This expansion facility is expected to cost around USD 500 Million, and completion will be done by the end of 2018. With this capacity expansion the company will able to meet the growing demand for alpha olefins across the globe.

November 2015- Shell Chemical LP announced to construct a fourth alpha olefin unit at its chemical manufacturing site in Geismar, Louisiana. The plant is of capacity of around 425,000 tonnes and is predicted to be complete by end 2018. With this capacity expansion, the company will bring total alpha olefins production capacity to more than 1.3 million mt/year which will make the site as largest alpha olefins manufacturer across the globe.

Intended Audience

Alpha Olefins Manufacturers
Traders and Distributors of Alpha Olefins
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.