Fatpos Global has released a report titled “Alpha Olefin Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 18.2 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.20% between 2021 and 2031. According to the report, the growing demand from the end-use industries such as plastics and automotive is fueling the market of alpha-olefins. Alpha olefins are applied in the production of polyethylene. Therefore, the increasing demand from the plastics industry for polyethylene production is anticipated to boost the market for alpha-olefins.
The market report on the global Alpha Olefin Market includes in-depth insights as:
“PAOs gained a high popularity as high-performance lubricant because they possess highly desirable features such as high viscosity index, thermal stability, oxidative stability, compatibility with mineral oils, and low poisonousness. PAOs not only provide the benefits of technical performance but also continue the quality of the environment in certain subtle applications. PAO-based synthetic lubricants deliver high performance in offshore drilling uses that include environmental alarms. Moreover, certain PAOs are biodegradable, thus, can be applied as a substitute for vegetable-based oils”, said a lead analyst at Fatpos Global.
Alpha-olefins are similar to organic compounds which are alkenes (also known as olefins), differentiated by having a double bond at the primary or alpha (α) position. This location of a double bond improves the reactivity of the compound and makes it beneficial for various uses.
Global Alpha Olefin market is classified on the basis of Type into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene. 1-Butene segment dominates the market share globally. The presence of double bond makes this element more reactive and suitable for several applications. It is used as a comonomer in the production of polyethylene. It is also used in the production of aldehydes to make fatty acids for plasticizers. This type of alpha olefin tends to modify the properties of polyethylene to meet the specific requirements of many end-use industries.
Key Players in the Market
Some of the key players operating in the global Alpha Olefin Market are Royal Dutch Shell (The Netherlands), Chevron Phillips Chemical Company (U.S.), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik Industries (Germany), The Dow Chemical Company (U.S.), ExxonMobil (U.S.), PJSC Nizhnekamskneftekhim (Russia), JAM Petrochemicals Company (Iran) and Other Prominent Players
Get Valuable Insights into Global Alpha Olefin Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Alpha Olefin Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Global Alpha Olefin market is segmented by Type into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), By Application (Polyolefin Comonomers, Surfactants And Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals, And Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa.
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