Market Overview 2022-2027:

The global linear alpha olefins market size reached US$ 8.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Linear alpha olefins (LAOs) are unbranched alkenes or hydrocarbons joined by linear chains and one double bond at the first carbon atom of the chain. They are either produced by the oligomerization of ethylene molecules or by Fischer-Tropsch synthesis, followed by purification. They help enhance the toughness, tear strength, and impact resistance of polymers, making them suitable for being used in the production of toys, grocery bags, and food and beverage containers. They are also used as co-monomers for manufacturing polyethylene, plastic packaging, inks, waxes, cosmetic emollients, color concentrates, high-performing engines, and industrial oils. Besides this, LAOs are tailored to meet individual specifications and provide vast options for new chemical development.

Linear Alpha Olefins Market Trends:

Rapid industrialization and the escalating demand for polyethylene (PE) in numerous industry verticals represent one of the key factors positively influencing the market. LAOs are widely used as co-monomers in the manufacturing of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). In addition, there is a rise in the widespread adoption of the product in the burgeoning automotive industry to maintain and manage the spare parts of motorized vehicles. Apart from this, LAOs are utilized as raw materials in pulp and paper, pharmaceutical, coatings, and cosmetic industries to prepare various finished products. Furthermore, leading market players are employing advanced technologies to improve the cost-efficiency and productivity of the LAOs. They are focusing on introducing organic variants that help reduce waste and support environmental health. Moreover, increasing investments in research and development (R&D) projects to develop more advanced product variants are expected to propel market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global linear alpha olefins market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and end use.

Breakup by Type:

• Butene
• Hexene
• Octene
• Decene
• Dodecene
• Tetradecene
• Hexadecene
• Octadecene
• Eicosene
• Others
   

Butene currently dominates the market due to the presence of a double bond, which makes this compound highly reactive and suitable for numerous applications.

Breakup by End Use:

• LLDPE
• Detergent Alcohols
• HDPE
• Lubricants
• LDPE
• Others
   

LLDPE holds the majority of the market share as it is extensively used in manufacturing films and packaging due to its flexibility and toughness. It also provides resistance against various harmful chemicals.

Regional Insights:

• North America
• Middle East
• Western Europe
• South America
• Others
   

North America enjoys the leading position in the market as it is the largest producer and consumer of LAOs across the globe. Additionally, the existence of numerous manufacturing companies and continuous upgradation in the petrochemical and oil and gas infrastructure are strengthening the market growth in this region.

Competitive Landscape:

The report has also analyzed the global competitive landscape of the linear alpha olefins market. Some of the major players operating in this market include - Shell International B.V., Chevron Phillips Chemical Company LLC, INEOS AG, Sasol LTD, The Dow Chemical Company, and Exxon Mobil Corporation.

The essential aspects of the global linear alpha olefins market evaluated in the report include:

• Market trends
• Impact of COVID-19
• Major regions
• Key types
• Key end uses
• Key manufacturers
• Price trends
• Raw material requirements
• Chemical reactions involved in the manufacturing process
• Major importers and exporters
• Value chain analysis
• Market trends for major feedstocks
• Price trends for major feedstocks
• Key regions for major feedstocks
• Key end-uses for major feedstocks
• Key players for major feedstocks
   

Report Coverage: