The North America 1-Octene Market is Expected to Reach a Value of $1.05 Billion by 2019, Growing at an Estimated CAGR of 5.9% from 2014 to 2019

Jan 18, 2016, 13:00 ET from MicroMarket Monitor

PUNE, India, January 18, 2016 /PRNewswire/ --

According to the new Market Research Report "North America 1-Octene Market by Application (Lldpe, Plasticizers, Surfactants, Pulp And Paper, Lubricants And Others) & By Geography (U.S., Canada And Mexico) - Analysis and Forecast (2013-2019)", the North America 1-octene market is expected to reach a value of $1.05 billion by 2019, growing at an estimated CAGR of 5.9% from 2014 to 2019.

Browse through the TOC of North America 1-Octene Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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1-octene is the second-largest type of alpha olefin occupying 22% of the global market share. It possesses a double bond at the alpha position of its molecular structure due to which it has high reactivity. It is produced by two methods - oligomerization of ethylene and Fischer-Tropsch synthesis. Linear low-density polyethylene (LLDPE), the biggest segment of the 1-octene market, is used to make packaging films, covers, extrusion coating, toys, pipes, and buckets, among others.  

The North American market is projected to reach a volume of 531.3 KT by 2019, at a CAGR of 4.1% from 2014 to 2019. The factors that are enhancing the growth of this market are the shale gas boom and the versatile use of LLDPE. LLDPE is becoming the most popular polyethylene; over LDPE and HDPE. Synthetic lubricants are the fastest growing application segment due to their thermal stability, low toxicity, and high fuel efficiency. This segment is expected to grow higher due to Euro6 and U.S. CAFE regulations. The fluctuating price of petroleum means fluctuating prices of raw materials. This restrains the growth of the North America 1-octene market.

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The U.S. is the leading geographical sub-division accounting for 85.1% of the North America 1-octene value. This is due to the large size of the U.S. market which consumes a large amount of goods produced by LLDPE. The country is also the most favorable place to produce alpha olefins like 1-octene due to the increase in the supply of critical raw materials of 1-octene like ethane.  

Key Players of the North America 1-Octene Market include:  

Chevron Phillips Chemical Company (U.S.), Sasol Ltd. (South Africa), Royal Dutch Shell PLC (Netherlands), INEOS Oligomers (Switzerland), Dow Chemical Company (U.S.), and Nizhnekamskneftekhim (Russia) among others and so on.

The applications of the North America 1-octene market include LLDPE, plasticizers, surfactants, pulp and paper, and lubricants. Geographies covered in the North America 1-octene market report are the U.S., Canada, and Mexico.

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