Global Linear Alpha Olefins Market Trends - Industry Share, Size Report 2024 | Key Players are Qatar Chemical Company, SABIC, Chevron Phillips Chemical Company, INEOS, Shell, Sasol, Idemitsu Kosan Co.,Ltd., Evonik, ExxonMobil
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2182
Numerous regulatory bodies and regional governments have been becoming more aware of the drilling fluids used by oil and gas extraction companies that are discharged to ocean, which has had a tremendous impact on the aquatic life and environmental aspects owing to toxicity. Traditionally, linear alpha olefins are derived from petroleum, but pertaining to the rising environmental concern related to application of drilling fluids, researchers are continuously involved in detecting alternative linear alpha olefins (LAOs) production methods. For instance, researchers from the UW–Madison have recently developed LAOs from biomass, the impact of which is certain to propel linear alpha olefins industry outlook.
Currently, most of the players in linear alpha olefins market use two major technologies for production, namely, the full-range and on-purpose. Although the full range process is widely used for producing different types of products, nowadays, the on-purpose production process is also gaining popularity, owing to the surging demand for low carbon components such as octane-1, hexane-1, and butene-1. As per statistics, linear alpha olefins market size from butene-1 is slated to grow at a CAGR of more than 4.5% over 2017-2024, owing to its escalating use for producing commodity polymers such as polypropylene and polyethylene.
Shifting trends toward flexible and sustainable packaging facilities for various food, medical, and agrochemical packaging purposes is substantially affecting linear alpha olefins industry trends, owing to the escalating use of LLDPE as a packaging material. Many of the LLDPE manufacturers are using linear alpha olefins as a prominent raw material to produce LLDPE, as the usage of plastic containers has been increasing across the F&B sector. Rapid urbanization and changing food habits has significantly affected on demand of packaged products, owing to high mechanical strength, recyclability, gas barrier properties of LLDPE based packaging, which has had an impact on linear alpha olefins industry. Taking into account the surging requirement of LLDPE, Global Market Insights, Inc., has predicted that, linear alpha olefins industry from LLDPE application will collect a revenue of more than USD 10 billion by the end of 2024. In addition, due to increasing importance for LLDPE, many of the plastic solution providers are expanding their regional space by developing new product ranges as well as by partnering with packaging industries. For instance, UAE based plastic solution provider, Borouge has launched Anteo packaging grade in collaboration with Borealis in 2017 across Austria, Shanghai, and Abu Dhabi. Business development strategies such as these in the packaging industry are likely to stimulate linear alpha olefins market size over the years ahead.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2182
Nowadays, the demand for fuel additives has increased noticeably, given that they improve performance, power, and acceleration of an engine. Their rising deployment across the automotive domain is likely to augment linear alpha olefins market. The governments of various countries have deployed stringent regulatory norms to curb vehicle emissions, which has also propelled the need of fuel additives. In fact, linear alpha olefins are primarily used for producing automotive fuel additives, the surging use of which is certain to boost linear alpha olefins industry share.
The increasing awareness regarding the potential threats of carbon footprints in the environment have prompted chemical manufacturing companies to shift their focus on the development of renewable and low carbon chemical formulations. In consequence, a massive change of dynamics has been observed across this business space, as companies strive to manufacture linear alpha olefins from biomass-based oils such as palm, soybean, and canola. The shifting trends toward the deployment of eco-friendly alternatives is thus, one of most essential driving forces that would linear alpha olefins industry share in the years ahead.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Chevron Phillips Chemical Company
5. Idemitsu Kosan Co.,Ltd.
8. Jam Petrochemical Company
9. Qatar Chemical Company
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:
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Linear Alpha Olefins Market Trends - Industry Share, Size Report 2024 | Key Players are Qatar Chemical Company, SABIC, Chevron Phillips Chemical Company, INEOS, Shell, Sasol, Idemitsu Kosan Co.,Ltd., Evonik, ExxonMobil here
News-ID: 1570800 • Views: 535
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for LLDPE
Global LLDPE Geomembrane Market Analysis (2020-2025)
Global Info Research offers a latest published report on LLDPE Geomembrane Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global LLDPE Geomembrane Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/reports/515993/lldpe-geomembrane Market
Pallet Wraps Market 2029 | LLDPE, LDPE, HDPE, PET, Polyamide
Pallet Wraps Market: Overview Strides in the consumer markets have led to shifts in the palletizing industry. Not only materials used for making pallets but also the packaging has played a crucial role in the expansion. The drive for pallet wraps stems from this trend. The demand for effective packaging for palletizing has posited industries’ attention on ‘in-transit’ product safety. Plastic stretch films made primarily of PVC were a popular option
Global LLDPE Market 2018 | DOW, ExxonMobil, SABIC, Borealis, NOVA Chemicals
Press Release - 30 May2018 Global Research and Development News -- . . "Global LLDPE Market Research Report 2018" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -In this report, the global LLDPE market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX%
LLDPE Market - Packaging and Nonpackaging Films and Coatings to Dominate Global …
The global LLDPE market is expected to exhibit steady growth in the coming years on the back of the steady rise in demand for advanced materials in the packaging industry. The LLDPE market has grown at a rapid growth rate in recent years due to various advancements in the consumer goods sector, which have increased the need for LLDPE in production as well as packaging of a wide range of
LLDPE Market to Exceed US$ 59 Billion by 2023
New York, May 10: Market Research Engine has published a new report titled as “Linear Low-density Polyethylene (LLDPE) Market by Application (Rotomolding, Injection molding, Films, Others), By End-user (Automotive & aviation, Medical & healthcare, Residential, Commercial, Others) - Global Industry Analysis and Forecast 2016 - 2023” How Big is the Linear Low-density Polyethylene Market? The linear low-density polyethylene (LLDPE) market is expected to exceed more than US$ 59 Billion by 2023; Growing
LLDPE Market to Reach US$ 59 Billion by 2023
New York, February 17: Market Research Engine has published a new report titled as “Linear Low-density Polyethylene (LLDPE) Market by Application (Rotomolding, Injection molding, Films, Others), By End-user (Automotive & aviation, Medical & healthcare, Residential, Commercial, Others) - Global Industry Analysis and Forecast 2016 - 2023” How Big is the Linear Low-density Polyethylene Market? The linear low-density polyethylene (LLDPE) market is expected to exceed more than US$ 59 Billion by 2023; Growing