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Alpha Olefins Market Worth 13.46 Billion USD by 2022


News provided by

MarketsandMarkets

03 Oct, 2017, 13:30 GMT

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PUNE, India, October 3, 2017 /PRNewswire/ --

According to a new market research report "Alpha Olefins Market by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyolefin Co-monomers, Surfactants and Intermediates, Lubricants, Fine Chemicals, Plasticizers, Oil Field Chemicals), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated at USD 9.26 Billion in 2017 and is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8%.

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Browse 102 Market Data Tables and 22 Figures spread through 194 Pages and in-depth TOC on "Alpha Olefins Market"

http://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html

Early buyers will receive 10% customization on this report 

Rising applications such as polyolefin co-monomers, lubricants, surfactants and intermediates, plasticizers, fine chemicals, and oil field chemicals are driving the alpha olefins market. Along with these, the growing demand for automobiles and plastics are also driving the market.

Polyolefin co-monomers application accounted for the largest share in 2016 

The polyolefin co-monomers segment is projected to be the largest market for alpha olefins from 2017 to 2022, owing to the rapid growth of the plastics industry in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for plastics, which in turn are driving the alpha olefins market in the polyolefin co-monomers application.

Get PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1282

1-Butene is expected to be the fastest-growing segment in the alpha olefins market 

The main reason for the high demand for 1-Butene can be attributed to the increasing consumption of plastics and automobiles, which are its largest end-use industries. The growing plastics industry worldwide drives the market for 1-Butene, and demand is expected to be higher in emerging countries. The rising demand for plastic packaging in food, pharmaceutical, and other industries is boosting the plastics market, which in turn is expected to drive the alpha olefins market. 1-Butene is used as a copolymer in the production of gasoline, butadiene, and other products, which increases its scope of applications.

North America was the largest alpha olefins market in 2016 

In North America, the US was the largest market for alpha olefins in 2016, wherein the polyethylene industry is driven by demand from industries, such as automotive, packaging, and electrical & electronics. The alpha olefins industry is undertaking various technological developments and expansions to meet the increasing demand and enhance profit margins. The market in this region has promising growth potential owing to the availability of low-cost raw materials and the production of shale gas. The presence of polyolefin manufacturers such as Chevron Phillips Chemical Co., The Dow Chemical Company, and ExxonMobil in the US and their capacity expansion plans for polyolefins are expected to meet the demand for alpha olefins in the country.

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1282

The Global Alpha Olefins Market has a large number of market players; however the market is led by some major players, such as Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland), SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany), Dow Chemical (US), ExxonMobil (US), PJSC Nizhnekamskneftekhim (Russia), and Qatar Chemical Company Ltd (Qatar), among others.

Browse Related Reports 

Polyolefins Market by Type (Polethylene, Polypropylene, and Functional Polyolefins), Application (Film & Sheet, Injection Molding, Blow Molding, Fibers & Raffia), and Region - Global Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/polyolefins-market-1235.html


Plasticizers Market
by Type (Low Phthalates, High Phthalates, and Non-Phthalates), Sub-Type (DOP, DINP/DIDP, DOTP, Bio-Based, & Others) & Geography - Trends and Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/plasticizers-market-688.html 


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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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