Press release
Alpha Olefin Market Growth Analysis and Future Outlook to 2023 - Royal Dutch Shell, Exxon Mobil, Saudi Arabia Basic Industries Corporation (SABIC)
Alpha Olefin Market was going to reach USD xx billion by 2023 and expected to grow at a CAGR of xx% during the forecast period 2017 to 2023.
Alpha-olefins are organic compounds that include alkenes or olefins, which are commonly manufactured by ethylene oligomerization. These compounds offer a range of products of industrial importance such as 1-decene, 1-octene, 1-hexene and 1-butene, 1-dodecene, 1-tetradecene, 1-hexadecene and 1-octadecene. Alpha-olefins are used in a wide range of chemical applications, such as polyethylene, detergent alcohols and synthetic lubricants, among others.
Browse details of 104 number of pages research report developed on "Alpha Olefin Market" @ https://www.researchcosmos.com/reports/global-alpha-olefin-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/8625644
Alpha Olefin Market Growth Drivers and Restraints:
It is expected that the growing demand for polyethylene for plastic production will stimulate market growth. The increasing application of protective films is an agriculture that can reduce demand due to soil erosion and UV protection. The increased demand for poly-alpha-olefins for the manufacture of synthetic lubricants against engine wear should support the growth of the market. It is expected that the increase in demand for synthetic oil for the exploration and production of oil fields and drilling will lead to growth of this market. Volatile prices in key raw materials that include ethylene and regulations to reduce carbon emissions can undermine the growth of the industry. The increase in investments to develop alpha-olefins of biological origin should open new prospects for growth in the market.
Geographical Analysis of Alpha Olefin Market:
On the basis of geography, Global Alpha Olefin Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. North America was the largest regional consumer market. The increase in oil drilling activities along with the expansion of the capacity of the main manufacturers is the main contributor to market growth.
Asia Pacific is expected to be the fastest growing regional market during the forecast period. It is expected that the growing demand for polyethylene due to the strong growth in the automotive and consumer goods market in China and India will increase the demand for alpha-olefins in the region. The ease of access to basic products such as ethylene in the United States and Mexico, together with the presence of key market players in the region, has led to growth in the alpha-olefin market in North America.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-alpha-olefin-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/8625644
Key Players of Alpha Olefin Market:
Major players competing in Global Alpha Olefin Market include Chevron Phillips (US), Shell (The Netherlands), and Dow Chemical (US), Royal Dutch Shell, Exxon Mobil, Saudi Arabia Basic Industries Corporation (SABIC) among many others.
Alpha Olefin Market Key Segmentation:
By Product:
• 1-Butene
• 1-Hexene
• 1-Octene
By Application:
• Polyolefin Co-monomers
• Surfactants and Intermediates
• Lubricants
• Fine Chemicals
• Plasticizers
• Oil Field Chemicals
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-alpha-olefin-market-survey-and-trend-research-2018-industry-analysis-and-future-forecast-20/8625644
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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