Alpha Olefins Market Focuses On Players: Royal Dutch Shell, Chevron Phillips Chemical Company, INEOS, Evonik, SABIC (Saudi Basic Industries Corporation) For Petrochemical, ExxonMobil, Qatar Chemical Company & Idemitsu Kosan Co., Ltd To Explore Methodology

Global alpha olefins market is expected to reach $15,846.5 million by 2023. The growth of the Alpha Olefins Market is mainly driven by the increasing demand of the compound in the production of polyolefin comonomers (mostly used in plastic production) and specialty chemicals. On the basis of type, the alpha olefins market is segmented into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, and others. ‘Others’ include 1-Tetradecene, 1-Hexadecene, 1-Octadecene, and C20–C30 linear alpha olefins (LAOs). Some of the applications of C20 – C30 LAOs are alkyl aromatics, petroleum additives, surfactants, and oil field chemicals.

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In addition, PVC exhibits some unique properties such as good mechanical strength, light weight, abrasion-resistance, and toughness. Owing to these unique properties, the application of PVC is growing across construction, consumer goods, and electronics industry.

Based on application, the alpha olefins market is categorized into polyolefin comonomers, surfactants and intermediates, synthetic lubricants, petroleum additives, plasticizers, oilfield chemicals, and others. Other minor applications can be seen in the production of synthetic acids, property-enhancement of waxes, and producing paper-sizing chemicals.

Additionally, manufacturing facilities of most of the major players, including Royal Dutch Shell Plc and Chevron Phillips Chemical Company LLC are based in the U.S. For example, Royal Dutch Shell’s manufacturing facility is located at Geismar, the U.S.

Globally, North America has been recording the highest revenue in the alpha olefins market. This is attributed to the growing demand of the compound in different industries, including construction, automotive, and plastics. The region is the largest producer and consumer of the compound in the world. High consumption of plastic and increasing production capacity are the major factors driving the growth of the region’s alpha olefins market.

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Some of the major players operating in the global alpha olefins market are Royal Dutch Shell Plc, Chevron Phillips Chemical Company LLC, INEOS Group Holding S.A., Evonik Industries AG, Saudi Basic Industries Corporation, ExxonMobil Corporation, Qatar Chemical Company Ltd., PJSC Nizhnekamskneftekhim, Sasol Limited, and Idemitsu Kosan Co. Ltd.

Global Alpha Olefins Market Segmentation
By Type
• 1-Butene
• 1-Hexene
• 1-Octene
• 1-Decene
• 1-Dodecene
• Others
By Application
• Polyolefin Comonomers
• Surfactants and Intermediates
• Synthetic Lubricants
• Petroleum Additives
• Plasticizers
• Oilfield Chemicals
• Others
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Russia
o Rest of Europe
• Asia-Pacific (APAC)
o China
o Japan
o India
o Singapore
o Rest of APAC
• Latin America (LATAM)
o Brazil
o Mexico
o Rest of LATAM
• Middle East & Africa (MEA)
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA

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