Press release
Global Linear Alpha Olefins Market Outlook : Size, Share, Growth, Trends And Forecast 2017 - 2022
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Being a versatile organic compound, they are used in a number of industries such as cosmetics and pharmaceuticals, chemical, coatings & paper, automotive and consumer goods. Linear alpha olefins are used in the manufacture of polymers like polyethylene and polyalphaolefin, synthetic lubricants, detergents alcohols, plasticizer alcohol, etc. According to a new report by Expert Market Research, the global linear alpha olefins market reached a volume of 4.3 Million Tons in 2016 and is further expected to reach 5.5 Million Tons by 2022.
The production of linear alpha olefins witnessed fluctuations during 2009-2016 as a result of a significant fall in the year 20009. The market, however, recovered in the year 2010 on account of numerous forces. The majority of the total global consumption of linear alpha olefins is in the polyethylene industry as co-monomers in the production of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). Thus, fast-growing polyethylene industry has significantly increased the global demand for linear alpha olefins in the past several years. Moreover, changing consumer preferences, rising disposable incomes, increasing focus on bio-based alpha olefins along with a strong demand from emerging markets are other factors that have facilitated the market growth.
Key findings from the report:
The major end-uses of linear alpha olefins include LLDPE, detergents, HPDE, lubricants, LPDE, plasticizers, fine chem and oil field chemical. In 2016, LLDPE represented the largest end-use segment with the majority of the market share.
Region-wise, North America dominated the market with a share of more than a fifth of the total global production in 2016. It was followed by Western Europe, Central and Eastern Europe, South Africa, Middle East, Japan and other Asia.
Being concentrated in nature, the global linear alpha olefins market is surrounded by a small number of players which include Shell Chemical Ltd., Chevron Phillips Chemical LP, INEOS Oligomers and Sasol.
Read full report with TOC: http://www.expertmarketresearch.com/reports/linear-alpha-olefin-market
Expert Market Research has analysed the global linear alpha olefins market according to end-use, major regions and top players:
Market breakup by End-use
LLDPE
Detergents
HPDE
Lubricants
LPDE
Plasticizers
Fine Chem
Oil Field Chemical
Market breakup by Region
North America
Western Europe
Central and Eastern Europe
South Africa
Middle East
Japan
Other Asia
Top players
Shell Chemical Ltd.
Chevron Phillips Chemical LP
INEOS Oligomers
Sasol
Browse more reports on chemical & material research @http://www.expertmarketresearch.com/categories/chemicals-market-reports
About Expert Market Research
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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