The 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", The global alpha olefins 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%. 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.

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The global alpha olefins market is becoming increasingly competitive, there are many market participants, and some of these are market leaders. There are established players in the alpha olefins market such as Shell (The Netherlands), Chevron Phillips (US), and Dow Chemical (US), among others. These top players have significant control over the market and retain their respective positions by launching new products and are undertaking substantial investments to comply with regulations to produce energy efficient and environment friendly products. All these factors make the alpha olefins market highly competitive.

Market Segmentation, by Type:

1-Butene
1-Hexene
1-Octene
Market Segmentation, by Application:

Polyolefin Co-monomers
Surfactants and Intermediates
Lubricants
Fine Chemicals
Plasticizers
Oil Field Chemicals
Others
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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.

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.

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