Linear alpha olefins are unbranched alkenes with a double bond at the first carbon atom of the chain. The presence of this double bond increases the reactivity of the compound and makes it useful for a number of applications. Linear alpha olefins are used in the production of a number of products ranging from various polymers to synthetic lubricants. According to IMARC Group’s latest report “Linear Alpha Olefins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global linear alpha olefins market reached a value of US$ 9 Billion in 2018. THe market is mainly driven by the growing plastics industry which is a major end-user of linear alpha olefins. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of linear alpha olefins, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc. Looking forward, the market is expected to reach a value of US$ 12.3 Billion by 2024 exhibiting a CAGR of 5.1% during 2019-2024.
The report has analysed the global linear alpha olefins market on the basis of end-use. The applications of linear alpha olefins depend on their carbon chain length. 1-C4 to 1-C8 linear alpha olefins are used as co-monomers in the production of polyethylene. 1-C6 to 1-C10 linear alpha olefins are used as precursors for plasticizer alcohols. 1-C12 to 1-C14 linear alpha olefins are used in the production of detergents and synthetic lubricants. Other uses of linear alpha olefins are in the manufacturing of synthetic acids, pulp, paper, drilling applications, etc. The polyethylene industry currently represents the biggest and fastest growing consumer of linear alpha olefins accounting for the majority of the total global consumption. The polyethylene application is followed by detergents, lubricants and plasticizer alcohols.
The report has analysed and segmented the global linear alpha olefins market on the basis of key regions. It finds that North America currently represents both the world’s largest producer and consumer of linear alpha olefins. In terms of production, North America is followed by Western Europe, Central and Eastern Europe, South Africa, Middle East and Japan. In terms of consumption, North America is followed by Western Europe, Asia (excluding Japan), Middle East and South Africa. On the basis of import and export trends, the report finds Belgium as the largest global importer of linear alpha olefins accounting for more than a fifth of the total global import volumes. Belgium was followed by the United States of America, France, Thailand and Netherlands.
The report has also analysed the global competitive landscape of the linear alpha olefins market. Some of the major players operating in this market include - Shell Chemical Ltd, Chevron Phillips Chemical Company LP, Sasol Limited, the DOW Chemical Company and ExxonMobil Chemical Company.
The essential aspects of the global linear alpha olefins market evaluated in the report include:
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