Alpha olefins are organic compounds that have their major application as feedstock in various end-use industries which utilize petrochemicals to carry out various production processes. Market Research Future (MRFR) has published a report asserting that the global alpha olefins market is forcasted to expand at a moderate growth rate in the forthcoming years.

Company Profile:

Some of the prominent players operating in the Global Alpha Olefins Market are Royal Dutch Shell plc (the Netherlands), Chevron Phillips Chemical Company LLC (U.S.), Ineos Group Limited (U.K), SABIC (Saudi Arabia), Sasol Limited (South Africa), The Dow Chemical Company (U.S.), PJSC Nizhnekamskneftekhim (Russia), Qatar Chemical Company Ltd. (Qatar), Evonik Industries AG (Germany), and Idemitsu Kosan Co.,Ltd. (Japan) among others.

Request a sample copy of this report @ https://www.marketresearchfuture.com/sample_request/4877

Market Overview:

The major applications of these compounds are comonomer for polyolefin production, synthetic lubricant production, as surfactant in detergent production and crude oil refining, and also used as drilling machinery fuel in oil & gas exploration. Alpha Olefins are mainly produced by the catalytic oligomerization of ethylene and fishcer-tropsch process to give a mixture of largely linear products of C4-C20+ even number chain length. Crude oil pricing is the major constraint for the production of alpha olefins.

Some of the prominent market factors and trends identified in the Global Alpha Olefins Market include rapid increase in oil & gas exploration and extraction activities propelling the Alpha Olefins use as drilling machinery fuel, rising demand for synthetic lubricants for vehicles, and increasing expenditure on research activities. Moreover, demand for Alpha Olefins is predicted to witness significant growth over the assessment period due to surging oil & gas industry.

Increasing automobile production and sales along with rising consumption of lubricants is estimated to fuel the growth of the market. Alpha Olefins find major applications in the production of polyolefin comonomer which is used in the manufacture of HDPE and LLDPE pipes. The use of HDPE and LLDPE pipes in the construction industry is increasing in the forecast period owing to rapid urbanization coupled with increasing disposable income in the emerging economies. Global population propulsion is fueling the Alpha Olefins Market where these compounds are used in the manufacture of surfactants. While Alpha Olefins are also used as drilling fluid in the oil & gas exploration sector, they have been shown to be readily biodegradable and the lower carbon number alpha olefins, in the range C12 and below, have demonstrated acute toxicity to aquatic organisms where a majority of oil extraction activities take place, the higher carbon number linear alpha and internal olefins are considered to be of low concern, primarily due to their poor water solubility.

Segmental Insights:

The Global Alpha Olefins Market has been segmented on the basis of type and application. Based on type, the alpha olefins market has been segmented into 1-butene, 1-hexene, 1-octene, 1-decene and others. The 1-Butene segment is forecasted to be the fastest growing segment in the global alpha olefins market owing to the increased utilization of plastics in various end-use industries. Based on application, the alpha olefins market has been segmented into polyolefin comonomer, plasticizer, lubricant, surfactant, drilling machinery fuel, and others. The polyolefin comonomers segment commanded for the major share in the global alpha olefins market owing to the rapid expansion of plastic industry.

Browse full report information @ https://www.marketresearchfuture.com/reports/alpha-olefins-market-4877

Regional Insights:

The Global Alpha Olefins Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding construction sector. The demand for Alpha Olefins is predicted to surge in numerous countries of the Asia Pacific such as China, India, Indonesia, Japan and South Korea due to increased pipes production which is anticipated to fuel the Alpha Olefin Market. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to meet the demand for Alpha Olefin raw materials.

Asia Pacific has emerged as the leading market region for Alpha Olefins followed by North America and Europe. North American alpha olefins market is predicted to witness a tremendous growth on account of high Alpha Olefin consumption to produce synthetic lubricants, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be a major contributor in the regional growth of alpha olefins market and is expected to see a significant demand for Alpha Olefins during the forecast period, 2017 to 2023. As of 2016, the U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in production of crude oil. In Europe, the demand for alpha olefins is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a new impetus to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in alpha olefins.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]