Press release
Linear Alpha Olefins Market is Forecasted to Reach US$ 10.25 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global linear alpha olefins market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1875/linear-alpha-olefins-market.html#form
Report Highlights:
Market Size in 2030: US$ 10.25 billion
Growth (CAGR): 5.55% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Linear Alpha Olefins Market:
The global linear alpha olefins market is segmented based on product type, application type, and region.
Based on product type - The market is segmented as 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, 1-tetradecene, 1-hexadecene, 1-octadecene, and others. The 1-butene segment is estimated to register high growth in the market on account of its wide range of application scope in manufacturing commodity polymers and extensive utilization in flexible packaging and automotive industries. On the other hand, 1-decene is estimated to account for the major share of the market owing to its utilization in the production of synthetic lubricants.
Based on application type - The market is segmented as LLDPE, HDPE, poly alpha olefins, detergent alcohols, oil field chemicals, lubricants, plasticizers, and others. LLDPE is estimated to account for the largest share of the market during the forecast period owing to its extensive utilization in the polymer industry. Further, oil field chemicals are estimated to witness significant growth in the market over the forecast period on account of increasing energy demand along with technological enhancements in shale oil & gas extraction and drilling in the U.S.
To know the most attractive segments, click here:
https://stratviewresearch.com/1875/linear-alpha-olefins-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe is estimated to register a high growth rate in the market. This growth outlook is majorly attributed to the following-
• Presence of major automobile manufacturers and stringent emission control regulations made by the government agencies in the region with Germany being the major country with lucrative growth opportunities in the regional market.
On the other hand, Asia-Pacific is estimated to account for a significant share of the market on account of the increasing adoption of synthetic lubricants in automobile applications.
Linear Alpha Olefins Market Drivers:
Some of the key drivers listed in the report are given below.
• Expanding Automotive Sector - Linear alpha olefins are widely used in automotive industry as an important consumer of these products. In addition to this, the rises in automobile production especially in the developing regions are expected to influence the linear alpha olefins market to grow.
• Increased Polyethylene Use - Linear alpha olefins are employed as a comonomer in polyethylene development. The specific rise in demand for polyethylene, specifically linear Low-Density Polyethylene (LLDPE) specifically used in flexible packaging and flexible automotive products is fueling the linear alpha olefins market.
• Rising Disposable Income - There is a slightly higher level of per capita income across the globe especially in the emerging markets of the world, and thus consumption of consumer goods is on an upward trend. This is increasing the demand for items which are manufactured from linear alpha olefins.
Top Companies in the Linear Alpha Olefins Market:
Stratview Research has identified the following companies as the top market players.
• Chevron Phillips Chemical Company
• Evonik Industries
• Exxon Mobil Corporation
• Idemitsu Kosan Co. Ltd.
• INEOS Oligomers
• Nizhnekamskneftekhim
• Qatar Chemical Company Ltd.
• Royal Dutch Shell plc
• SABIC
• Sasol Ltd.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Linear Alpha Olefins Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Internal Olefins Market: https://stratviewresearch.com/1936/internal-olefins-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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