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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 4.88 Million Tons in 2020 and is further expected to reach 6.14 Million Tons by 2026.
The production of linear alpha olefins witnessed fluctuations during 2016-2020 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.
Key findings from the report:
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
Market breakup by Region
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