Alpha Olefins Market worth 13.46 Billion USD by 2022


Posted September 4, 2018 by abhijeetw1

The alpha olefins market is projected to reach USD 13.46 Billion by 2022, at a CAGR of 7.8% from 2017 to 2022.

 
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%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=1282

The different types of alpha olefins are 1-Butene, 1-Hexene, 1-Octene, and others. Lighter olefins are primarily used in the production of polyethylene which is further used to manufacture LLDPE, HDPE, and others. 1-Octene is used to produce plasticizers and lubricants, among others. The increasing need for plastics such as HDPE, LLDPE, and LDPE across various end uses are also contributing the growth of the market for 1-Octene in the region. Additionally, alpha olefins provide a versatile range of polypropylene resins. All these factors are expected to lead to the increasing demand for alpha olefins during the forecast period.

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.

For More Info: https://www.marketsandmarkets.com/Market-Reports/alpha-olefin-market-1282.html

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags alpha olefin , alpha olefin market , detergent alcohols market
Last Updated September 4, 2018