PUNE, India, January 18, 2016 /PRNewswire/ --
According to the new Market Research Report "North America 1-Octene Market by Application (Lldpe, Plasticizers, Surfactants, Pulp And Paper, Lubricants And Others) & By Geography (U.S., Canada And Mexico) - Analysis and Forecast (2013-2019)", the North America 1-octene market is expected to reach a value of $1.05 billion by 2019, growing at an estimated CAGR of 5.9% from 2014 to 2019.
Browse through the TOC of North America 1-Octene Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
Early buyers will receive 10% customization on this report.
1-octene is the second-largest type of alpha olefin occupying 22% of the global market share. It possesses a double bond at the alpha position of its molecular structure due to which it has high reactivity. It is produced by two methods - oligomerization of ethylene and Fischer-Tropsch synthesis. Linear low-density polyethylene (LLDPE), the biggest segment of the 1-octene market, is used to make packaging films, covers, extrusion coating, toys, pipes, and buckets, among others.
The North American market is projected to reach a volume of 531.3 KT by 2019, at a CAGR of 4.1% from 2014 to 2019. The factors that are enhancing the growth of this market are the shale gas boom and the versatile use of LLDPE. LLDPE is becoming the most popular polyethylene; over LDPE and HDPE. Synthetic lubricants are the fastest growing application segment due to their thermal stability, low toxicity, and high fuel efficiency. This segment is expected to grow higher due to Euro6 and U.S. CAFE regulations. The fluctuating price of petroleum means fluctuating prices of raw materials. This restrains the growth of the North America 1-octene market.
For more Inquiries: http://www.micromarketmonitor.com/contact/4314287427-inquery_before_buy.html
The U.S. is the leading geographical sub-division accounting for 85.1% of the North America 1-octene value. This is due to the large size of the U.S. market which consumes a large amount of goods produced by LLDPE. The country is also the most favorable place to produce alpha olefins like 1-octene due to the increase in the supply of critical raw materials of 1-octene like ethane.
Key Players of the North America 1-Octene Market include:
Chevron Phillips Chemical Company (U.S.), Sasol Ltd. (South Africa), Royal Dutch Shell PLC (Netherlands), INEOS Oligomers (Switzerland), Dow Chemical Company (U.S.), and Nizhnekamskneftekhim (Russia) among others and so on.
The applications of the North America 1-octene market include LLDPE, plasticizers, surfactants, pulp and paper, and lubricants. Geographies covered in the North America 1-octene market report are the U.S., Canada, and Mexico.
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Chemicals and Advanced Materials industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Chemicals and Advanced Materials industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013,
SOURCE MicroMarket Monitor