LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global alpha olefins market is expected to grow at a CAGR of more than 6% during the predicted period.
This research report titled ‘Global Alpha Olefins Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Alpha olefins are used majorly in the automotive and plastic industries. They are also expected to have decent growth in other applications, such as in detergents and soaps. Olefins are essential to prepare emulsions for detergents, soaps, and creams. The market is witnessing the growth and high demand for linear low-density polyethylene (LLDPE) because of its high performance.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio’s analysts categorize the global alpha olefins market into six major segments by type. They are:
- 1-Dodecene
- 1-Decene
- 1-Octene
- 1-Butene
- 1-Hexene
- Others
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three segments based on type of the global alpha olefins market are discussed below:
Global alpha olefins market by 1-Hexene
The 1-Hexene segment holds the major share of the market. 1-Hexene is preferred over other types of alpha olefins because of its unique properties. It is used as a comonomer in the production of polyethylene and aldehydes. 1-Hexene is also used as an intermediate in the production of oxo alcohols, hexyl mercaptans, organoaluminum compounds, and synthetic fatty acids for plasticizers. It is used the maximum in polyethylene manufacturing and plasticizers. With the growth in the global plastic market during the forecast period, the demand for 1-Hexene is expected to increase.
Global alpha olefins market by 1-Butene
1-Butene is gaining momentum in the market after 1-Hexene. Alpha olefins of 1-Butene are polymerized to manufacture polybutene-1 (PB). It is a type of homopolymer that is majorly used in engineering applications. Its preference in engineering applications has increased over a period because of its excellent and long-term mechanical properties. It has a high tensile strength and good tear properties.
According to Kurva Samba Sivudu, a lead specialty chemicals research analyst from Technavio, “PB successfully resisted stress without cracking or fracturing when tested against its short-time stress value. It remained the same for a long period. Its applications have broadened in the commercial sector because of its unique features. This has accelerated the growth of the market.”
Global alpha olefins market by 1-Octene
1-Octene is an organic compound that is classified as a higher olefin and alpha olefin. Its chemical formula is CH2CHC6H13. It is majorly used as a comonomer in the production of polyethylene. With the rise in the demand for LLDPE and HDPE, the use of 1-Octene has also increased. LLDPE uses approximately 8%-12% of comonomers, and HDPE uses approximately 2%-5% of comonomers.
“There are around five to six processes that oligomerize ethylene into 1-Octene. The maximum number of processes produce 1-Octene as a part of alpha olefins. The importance of 1-Octene has increased because of its use in the production of linear aldehyde through oxo synthesis, resulting in the formation of fatty acid,” adds Kurva.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Chevron
- Idemitsu Kosan
- INEOS
- SABIC
- Shell
Browse Related Reports:
- Global Oleochemicals Market 2017-2021
- Global Carboxymethyl Cellulose Market 2017-2021
- Global Acaricides Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
