Press release
Global Alpha Olefin Market Outlook 2026, Global Opportunity & Growth Analysis | Shell International B.V., Evonik Industries AG, Dow, Sasol, Chevron Phillips Chemical Company, Exxon Mobil Corporation
What is more, this Global Alpha Olefin Market report underlines various strategies that are used by top market players in the Alpha Olefin industry. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such a superior Global Alpha Olefin Market research report. All the market insights of Global Alpha Olefin Market research report will lead to actionable ideas and better decision-making. This gives more precise understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands.
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Market Definition: Global Alpha Olefin Market
Alpha olefins are those compounds that consist of olefins or alkenes. They are produced by the oligomerization of ethylene. Alpha olefins offer a wide range of products that includes 1-octadecene, 1-hexadecene, 1-tetradecene, 1-dodecene, 1-butene, 1-hexene, 1-octene and 1-decene. They are used in a wide range of applications that includes synthetic lubricants, detergent alcohols, polyethylene and others.
Market Analysis: Global Alpha Olefin Market
Global alpha olefin market is expected to register a substantial CAGR of 7.9% in the forecast period of 2019-2026. The rise in the market value can be attributed to the increasing demand for Pao-based synthetic lubricants, growth of end-use industries and discovery of shale gas. The report contains data of the base year 2018 and historic year 2017.
Market Drivers:
Innovation of shale gas acts as a market driver
Growth of end-use industries will also drive the growth of this market in the forecast period
Increasing demand for Pao-based synthetic lubricants; this factor will also propel the market growth
Growing applications of polyethylene in the field of packaging, industrial process and others is another factor boosting this market growth
Market Restraints:
Volatility in the prices of raw materials; this factor will hamper the market growth in the forecast period
Growing demand of alternatives such as tungsten Disulphide will also impede the market growth
Growth in nanoparticle-based lubrication system is another factor restricting this market growth
Read Complete Details with TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-alpha-olefin-market
Key Developments in the Market:
In August 2019, ExxonMobil Corporation has planned to expand their Vistamaxx production in their Texas facility and will enter into the linear Alpha olefins market. The expansion is expected to end by 2022. With this, the company will be able to meet the growing demand of customers across the globe
In January 2019, Shell Chemical LP, is planning to start the production of fourth alpha olefins (AO) unit in their Louisiana facility. Alpha olefins are widely used among the customers, as a key ingredient in the manufacturing of hand soaps, motor oils and laundry detergents. With this expansion, the company will be able to grow their business in U.S.
Competitive Analysis:
Global alpha olefin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of alpha olefin market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global alpha olefin market are Shell International B.V., Evonik Industries AG, Dow, Sasol, Chevron Phillips Chemical Company, Exxon Mobil Corporation, SABIC, TPC Group, Qatar Chemical Company Ltd., INEOS, Idemitsu Kosan Co.,Ltd., Linde, PJSC “Nizhnekamskneftekhim”, Merck KGaA, BOC Sciences, Tokyo Chemical Industry Co., Ltd., Parchem fine & specialty chemicals, SPEX CertiPrep, SynQuest Laboratories, Thermo Fisher Scientific, GELEST, INC. among others.
Segmentation: Global Alpha Olefin Market
By Type
Linear Alpha Olefin
Branched Alpha Olefin
By Product
1-Butene
1-Hexene
1-Octene
1-Decene
1-Dodecene
1-Tetradecene
1-Hexadecene
1-Octadecene
Others
By Application
Polyolefin Co-monomers
Surfactants and Intermediates
Lubricants
Fine Chemicals
Plasticizers
Oil Field Chemicals
Inquire for further detailed information of Global Alpha Olefin Market Report @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-alpha-olefin-market
About Data Bridge Market Research:
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