Linear Alpha Olefins Market Size, Share, Growth, Competitive Analysis and Forecast 2022-2027 | Shell International B.V., Chevron Phillips Chemical Company LLC, INEOS AG
The global linear alpha olefins market size reached US$ 8.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027.
Linear alpha olefins are unbranched alkenes with a double bond of carbon atoms. They are extensively used for the production of several products, ranging from synthetic lubricants to polymers. They are also employed for producing higher olefins, which find further application in the manufacturing of solvents, lubricants, oil chemicals, plastic, and a fusion of linear low-density polyethylene.
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The increasing demand for linear alpha olefins in the automotive industry and the rising requirement for polyethylene are some of the key factors primarily driving the market growth. Linear alpha olefins are extensively used across the automotive industry for their high density and viscosity. In addition to this, the rapidly expanding plastic industry and development in the petrochemical and oil and gas sectors are creating a positive outlook for the market.
Furthermore, significant growth in end use industries like cosmetics, paints and coatings, pulp and papers, and pharmaceuticals are further driving the market growth.
Linear Alpha Olefins Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the linear alpha olefins market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
Shell International B.V.
Chevron Phillips Chemical Company LLC
INEOS AG, Sasol LTD
The Dow Chemical Company
Exxon Mobil Corporation
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Key Market Segmentation:
The report has segmented the linear alpha olefins market on the basis of region, type and end use.
Based on Type:
Based on End Use:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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