Global $15.85 Billion Alpha Olefins Market by Type, Application and Geography - Forecast to 2023
DUBLIN, July 31, 2018 /PRNewswire/ --
The "Alpha Olefins Market by Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
Global alpha olefins market is expected to reach $15,846.5 million by 2023. The growth of the market is mainly driven by the increasing demand of the compound in the production of polyolefin comonomers (mostly used in plastic production) and specialty chemicals.
On the basis of type, the alpha olefins market is segmented into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, and others. Others' include 1-Tetradecene, 1-Hexadecene, 1-Octadecene, and C20-C30 linear alpha olefins (LAOs). Some of the applications of C20 - C30 LAOs are alkyl aromatics, petroleum additives, surfactants, and oil field chemicals. 1-Hexene has been the largest category, attributed to its increasing use in the production of plastic resin for further use in various industries including food and beverage.
Based on application, the alpha olefins market is categorized into polyolefin comonomers, surfactants and intermediates, synthetic lubricants, petroleum additives, plasticizers, oilfield chemicals, and others. Other minor applications can be seen in the production of synthetic acids, property-enhancement of waxes, and producing paper-sizing chemicals. Polyolefin comonomers have been holding the largest share in the global market, with an estimated revenue contribution of more than 55.0% in 2017. This is attributed to the increasing use of polyolefin comonomers in various industries around the world, including plastics, automotive, and construction, which is escalating its demand in the global market.
North America is the largest alpha olefins market
Globally, North America has been recording the highest revenue in the alpha olefins market. This is attributed to the growing demand of the compound in different industries, including construction, automotive, and plastics. The region is the largest producer and consumer of the compound in the world. High consumption of plastic and increasing production capacity are the major factors driving the growth of the region's alpha olefins market.
Additionally, manufacturing facilities of most of the major players, including Royal Dutch Shell Plc and Chevron Phillips Chemical Company LLC are based in the U.S. For example, Royal Dutch Shell's manufacturing facility is located at Geismar, the U.S. The company's total annual capacity at the Geismar site has reached more than 1.3 million tonnes per annum, following the expansion of the facility in 2017, which is expected to commence production by the end of 2018.
Growing application of alpha olefins in the plasticizers productions is expected to create immense opportunities for alpha olefins market growth
Plasticizers are additives used for improving the plasticity of a material. As of 2017, the consumption of the compound in the production of plasticizers was quite low. Chlorinated C20 - C24 compounds can be used along with primary plasticizers to improve the plasticity of polyvinyl chloride (PVC). By adding alpha olefin-based plasticizers, the flexibility and durability of plastic materials gets increased. Flexible PVC has applications in different industries such as packaging, flow-control equipment, automotive, medical devices, and others, which is expected to create opportunities for the alpha olefins market growth.
In addition, PVC exhibits some unique properties such as good mechanical strength, light weight, abrasion-resistance, and toughness. Owing to these unique properties, the application of PVC is growing across construction, consumer goods, and electronics industry. This upward demand trend for PVC materials is expected to continue during the forecast period owing to expanding applications of PVC and its low cost competitive advantage. As major applications of plasticizers are confined to PVC, a surge in demand for PVC will fuel the demand of alpha olefin. Therefore, increasing application of the compound in the production of plasticizers is expected to create ample growth opportunities for the alpha olefins market.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
3.1 Voice Of Industry Experts/Kols
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type
4.1.1.1 1-Butene
4.1.1.2 1-Hexene
4.1.1.3 1-Octene
4.1.1.4 1-Decene
4.1.1.5 1-Dodecene
4.1.1.6 Others
4.1.2 By Application
4.1.2.1 Polyolefin Comonomers
4.1.2.2 Surfactants And Intermediates
4.1.2.3 Synthetic Lubricants
4.1.2.4 Petroleum Additives
4.1.2.5 Plasticizers
4.1.2.6 Oilfield Chemicals
4.1.2.7 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.2 Driver
4.3.2.1 Rising Demand For Alpha Olefin For Polyolefin Comonomer Production
4.3.2.2 Rising Demand For Alpha Olefins In The Production Of Specialty Chemicals
4.3.2.3 Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints
4.3.3.1 Cost Overruns In Alpha Olefins Production Facilities
4.3.3.2 Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunity
4.3.4.1 Application Of Alpha Olefins In The Production Of Plasticizers
Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Application
6.3 By Country
Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Application
7.3 By Country
Chapter 8. Apac Market Size And Forecast
8.1 By Type
8.2 By Application
8.3 By Country
Chapter 9. Latam Market Size And Forecast
9.1 By Type
9.2 By Application
9.3 By Country
Chapter 10. Mea Market Size And Forecast
10.1 By Type
10.2 By Application
10.3 By Country
Chapter 11. Competitive Landscape
11.1 Market Share Analysis Of Key Players
11.1.1 Production Capacity Of Major Players
11.2 Competitive Benchmarking Of Key Players
11.3 Global Strategic Developments Of Key Players
Chapter 12. Company Profiles
12.1 Royal Dutch Shell Plc
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 Chevron Phillips Chemical Company Llc
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.2.4 Strategic Growth Plans
12.3 Ineos Group Holding S.A.
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 Evonik Industries Ag
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 Saudi Basic Industries Corporation
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.5.4 Strategic Growth Plans
12.6 Exxonmobil Corporation
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Qatar Chemical Company Ltd.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.8 Pjsc Nizhnekamskneftekhim
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.8.3 Strategic Growth Plans
12.9 Sasol Limited
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Key Financial Summary
12.9.4 Strategic Growth Plans
12.10 Idemitsu Kosan Co. Ltd.
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Growth Plans
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