The latest report by IMARC Group titled, “Linear Alpha Olefins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global linear alpha olefins market reached a value of more than US$ 7 Billion in 2016, growing at a CAGR of around 6% during 2009-2016. Linear alpha olefins are industrially important alkenes with the chemical formula CXH2X. They are distinguished from other olefins by their linear chains and the presence of a double bond at the primary carbon atom. They are manufactured mostly by the oligomerisation of ethylene or the Fischer-Tropsch synthesis followed by purification. Some of the major types of linear alpha olefins are 1-Butene, 1-Hexene, 1-Octene and 1-Decene. Depending on the length of their carbon chain, they can be found in the form of gas vapours, dry powder, liquid, pellets large crystals and solids. Linear alpha olefins of carbon length C6-C18 are clear, colorless liquids whereas C20+ are waxy solids.
Highlights of the Global Linear Alpha Olefins Market:
- The increasing demand from various end-use industries represents the major driving factor for the market growth.
- Polyethylene industry is represented as the largest consumer of linear alpha olefins.
- North America represents both the world’s largest consumer and producer of linear alpha olefins.
Linear alpha olefins are extremely versatile and have applications in various industries. They are used as co-monomers in the production of plastics such as polyethylene and polypropylene. They are also used in oil drilling applications as lubricants and coolants. A number of industrially important chemical products manufactured using linear alpha olefins include poly alpha olefins, alkenyl succinic anhydrides, drag reducing agents, lubricants, fuel additives, plasticisers, detergent alcohols, etc. These products are used in the cosmetics and pharmaceuticals, automotive, coatings and paper, consumer goods, and chemical industries. According to the report, the global linear alpha olefins market is further expected to grow, reaching a value of around US$ 10.6 Billion by 2022.
Currently, the polyethylene industry represents the largest and fastest growing consumer of linear alpha olefins accounting for the majority of the total global consumption. The fast growth of the polyethylene industry can be attributed to an increasing demand for plastics in the automotive and consumer goods industries. Some of the other major consumers of linear alpha olefins are detergent alcohols, plasticisers and lubricants. On the basis of type, the market can be segmented as Butene, Hexene, Octene, Decene, Dodecene, Tetradecene, Hexadecene, Octadecene, Eicosene, C22 and C24+. On the basis of region, North America represents both the world’s largest consumer and producer of linear alpha olefins. Other major regions include Middle East, Western Europe and South Africa.
The report has examined the global Linear Alpha Olefins Market on the basis of:
- Detergent Alcohols
- North America
- Middle East
- Western Europe
- South Africa
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