Press Releases

Global Linear Alpha Olefins Market to Reach 5.9 Million Tons by 2024

"Linear alpha olefins are petrochemicals which are unbranched alkenes with the chemical formula, CxH2x. They are produced majorly by dehydration of alcohols, oligomerization of ethylene or the Fischer-Tropsch synthesis followed by purification. Linear alpha olefins comprise of various important products like 1-butene, 1-octene, 1-hexene, 1-tetradecene, etc. They have terminal double bond at the primary carbon of the chain which increases their reactivity. "

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 4.7 Million Tons in 2018 and is further expected to reach 5.9 Million Tons by 2024.

The production of linear alpha olefins witnessed fluctuations during 2014-2018 as a result of a significant fall in the year 2009. 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.

global linear alpha olefins market

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 2018, 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 2018. 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.

Click here for summary of the report with TOC: https://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

 

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"Global Linear Alpha Olefin Market: By End-Use Industries: LLPDE, Detergents, HPDE, Lubricants, LDPE, Plasticizers, Fine Chem, Oil Field Chemical; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Historical Demand and Supply (2014-2018), Demand and Supply Forecast (2019-2024); Market Drivers, Opportunities and Threats; Competitive Landscape; Regional Price Analysis; Trade Analysis; Cost Analysis"

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