The 1-Decene market is estimated to be USD 999.4 million in 2017 and is projected to reach USD 1,272.7 million by 2022, at a CAGR of 5.0% between 2017 and 2022
LONDON, March 1, 2018 /PRNewswire/ -- The 1-Decene market projected to reach USD 1.27 billion by 2022
The 1-Decene market is estimated to be USD 999.4 million in 2017 and is projected to reach USD 1,272.7 million by 2022, at a CAGR of 5.0% between 2017 and 2022. Increasing demand for 1-Decene from end-use industries such as automobiles and packaging is expected to drive the 1-Decene market.
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However, volatility in raw material prices and growth of group III base oils are considered as restraints for the growth of the 1-Decene market
Polyalphaolefins is estimated to be the largest and fastest-growing derivative segment of the 1-Decene market in 2017
Polyalphaolefins is the largest and fastest-growing segment of the 1-Decene market and is expected to continue its dominance during the forecast period. Low and high-temperature viscosity performance; chemical and shear stability; and resistance to oxidation, thermal breakdown, and oil sludge problems are some of the advantages of polyalphaolefins over traditional lubricants. The growth of the lubricants market is driven by the increasing demand from end-use industries, such as automotive and manufacturing.
The polyalphaolefins segment is further subsegmented into synthetic lubricants and others. High demand for synthetic lubricants in diesel engines is expected to fuel the 1-Decene market during the forecast period.
North America is expected to be the fastest-growing 1-Decene market
North America is the largest industrial base for oil & gas, petrochemicals, packaging, automotive, electronics, paints & coatings, pulp & paper, pharmaceuticals. The market in this region has promising growth potential, owing to the availability of low-cost raw materials and the development of shale gas.
The US is the leading producer and consumer of 1-Decene in the region. The 1-Decene market in the US is driven by the increasing demand for derivatives from various industries such as automotive, packaging, and others.
There is also presence of manufacturers of 1-Decene such as Chevron Phillips Chemical (US) and ExxonMobil (US) in the US. These manufacturers have planned various technological advancements and expansions to cater to the increasing demand for 1-Decene and enhance profit margins.
Break-up of profiles by the primary participants for the report
• By Company Type – Tier 1–37%, Tier 2–50%, and Tier 3–13%
• By Designation – C Level– 50%, Director Level–31%, and Others–19%
• By Region – North America–28%, Europe–22%, Asia Pacific–17%, Middle East & Africa-28%, and South America–5%
The global 1-Decene market has a large number of market players; however, the market is led by some of the major players, such as Royal Dutch Shell (Netherlands), Chevron Phillips Chemical Company (US), Ineos Group Limited (Switzerland), SABIC (Saudi Arabia), Sasol Limited (South Africa), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company (Qatar).
Research Coverage
The 1-Decene market is segmented on the basis of derivative and region. The derivative segment is further segmented into polyalphaolefins (synthetic lubricants and others), oxo alcohols (plasticizer alcohols and detergent alcohols), and others (linear alkyl benzene, linear mercaptans, chlorinated alpha olefins, alkyl dimethylamine, and di-alkyl dimethylamine).
Key benefits of buying the report
This research report is focused on various levels of analyses—industry analysis (industry trends), company market share, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the 1-Decene market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on 1-Decene offered by top players in the global 1-Decene market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the 1-Decene market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for 1-Decene across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the 1-Decene market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the 1-Decene market
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