Alpha Olefins Market growth driver analysis 2014 - 2025.

These organic compounds offer a range of industrially important products like 1-octadecene, 1-decene, 1-hexadecene, 1-octene, 1-tetradecene, 1-hexene, and 1-dodecene. The rising demand for poly alpha olefin (PAO) in synthetic lubricants is estimated to spur overall market in the years to come. Plus, rising focus on producing bio-based alpha olefin is estimated to avail new opportunities for the growth of overall alpha olefin market as several bio-chemicals are accepted as pro-environmental solutions. Also, rising demand for poly alpha olefin based lubricants and discovery of shale gas are estimated to fuel overall alpha olefins industry growth in future. However, strict environment regulations regarding use of polyethylene and varying costs of raw materials and energy sources may restrain overall market growth in the forecast period i.e. from 2014 to 2025.

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North America will continue with its dominance over the forecast period due to the presence of key manufacturers in the region. On the other hand, growing population and increasing consumption of packaged food are estimated to fuel overall market growth in the Asia Pacific region in future.

Alpha olefins is estimated to experience a balanced supply-demand condition in the future. In presence of REACH, alpha olefins are known to have no toxic effect on animal and human population. The foremost trend observed in recent years in global market is rising demand for heavier alpha olefins (C6+) in the Middle East and North America.

Key players operating in alpha olefin market are Saudi Basic Industries Corporation, Chevron Phillips Chemical Company LP, Shell Chemical Limited, ExxonMobil Chemical Company, Qatar Chemical, Evonik Industries AG, Mitsubishi Chemical, Godrej Industries Ltd., and Ineos Oligomers. SASOL, CPChem, and INEOS are estimated to help hold the market balance and alpha olefin prices. Using UNIPOL technology in North America, Exxon Mobil’s linear low-density polyethylene concentrated on specialty grades.

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