The global linear alpha olefins market size reached US$ 9.2 billion in 2022. The global market size is forecast to reach US$ 14.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.08% during the forecast period from 2023 to 2031.
Linear alpha-olefin are unbranched alkenes or hydrocarbons connected by linear chains with one double bond at the chain's initial carbon atom. They aid in making polymers more durable, tear-resistant, and impact-resistant so that they can be utilized to create toys, grocery bags, and food and beverage containers. They are also employed in the production of polyethylene, plastic packaging, inks, waxes, cosmetic emollients, color concentrates, high-performance engines, and industrial oils as co-monomers. In addition, LAOs offer a wide range of choices for developing novel chemicals and are customized to satisfy specific requirements.
Market Driving Factors
The two most significant factors pushing the linear O-alpha-olefin market growth forward are rising polyethylene use and growing alpha-olefin demand in the automotive industry. Alpha olefin end products are mostly used in the automotive industry. The alpha-olefins final products, which are utilized in the automotive industry to manage and maintain the spare components in motor vehicles, include plasticizers, lubricants, surfactants, and oil chemicals.
Due to its many benefits, including its high compatibility with hard water and outstanding foaming capabilities, linear alpha olefin (LAO) is increasingly in demand as a raw material in the production of specialty chemicals like surfactants and petroleum compounds. However, the LAO market is primarily driven by the polyethylene sector. The demand for LAO is predicted to increase throughout the forecast period because of the rising demand for consumer goods and packaging materials for food and beverages.
The cost of production will increase as a result of the rising price of raw materials, which will also drive up the cost of manufacturing as a whole, which may slow down the overall market expansion.
Segmentation Overview
By Product Type Overview
The butene segment is likely to have rapid market expansion during the forecast period due to its substantial use in the flexible packaging and automotive industries and its broad variety of potential applications in the production of commodity polymers, the 1-butene segment. However, due to its use in the creation of synthetic lubricants, decene is predicted to hold a significant portion of the market.
By End-Use Overview
Due to its broad use in the polymer sector, LLDPE is anticipated to hold the highest market share during the anticipated period. Additionally, it is anticipated that the market for oil field chemicals will expand significantly throughout the forecast period due to rising energy demand and technological advancements in shale oil and gas drilling and production in the United States.
Regional Overview
Globally, North America is expected to have the highest market revenue and is likely to grow at the highest CAGR during the forecast period. This growth is due to its vast and diverse industrial base and ongoing petrochemical and gas & oil infrastructure development. Moreover, the region's market is anticipated to be driven by the existence of abundant natural resources.
Leading Players
Segmentation Outline
The global linear Alpha olefin market segmentation focuses on Type, End-Use, and Region.
By Type
By End-Use
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL LINEAR ALPHA OLEFINS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: LINEAR ALPHA OLEFINS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL LINEAR ALPHA OLEFINS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL LINEAR ALPHA OLEFINS MARKET, BY TYPE
5.1 OVERVIEW
5.2 BUTENE
5.3 HEXENE
5.4 OCTENE
5.5 DECENE
5.6 DODECENE
5.7 TETRADECENE
5.8 HEXADECENE
5.9 OCTADECENE
5.10 EICOSENE
5.11 OTHERS
6 GLOBAL LINEAR ALPHA OLEFINS MARKET, BY END-USE
6.1 OVERVIEW
6.2 LLDPE
6.3 DETERGENT ALCOHOLS
6.4 HDPE
6.5 LUBRICANTS
6.6 LDPE
6.7 OTHERS
7 GLOBAL LINEAR ALPHA OLEFINS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL LINEAR ALPHA OLEFINS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 QATAR CHEMICAL COMPANY LTD (Q-CHEM)
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 CHEVRON PHILLIPS CHEMICAL COMPANY LLC
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 MITSUBISHI CHEMICAL CORP
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 EXXON MOBIL CORPORATION
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 INEOS OLIGOMERS
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 PETROCHEMICALS(M) SDN.BHD
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 ROYAL DUTCH SHELL
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 EVONIK INDUSTRIES
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 JAM PETROCHEMICALS COMPANY
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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