The global market for alpha olefins is expected to witness high growth between 2017 and 2022. Increasing demand from end-use industries such as automobiles and packaging are expected to drive the alpha olefins market. Shale gas, which is rich is olefin content, has been discovered in several countries recently, and thus has led to an expansion of the olefin industry. Abundant availability of cheap natural gas-based feedstock from North America’s highly productive shale has led to the growth of the alpha olefins industry. This increase in the availability of ethane and propane feedstock from shale gas has prompted nearly all major North American alpha olefin producers to announce ethylene/propylene or alpha olefins capacity additions.

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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.

Most of these companies are leaders in the alpha olefins market and are focusing on capturing the full value chain to achieve economies of scale and product innovations in order to strengthen their market shares.

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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Growth of the automobile and packaging industries in the Asia-Pacific is also expected to lead to the growth of the alpha olefins market. Additionally, factors such as increasing population, higher disposable incomes, higher standards of living, rising consumption of packaged food, and increasing automobile manufacturing facilities are also expected to contribute to its growth in the region.

Market players are concentrating on expanding their product portfolios and developing cost-effective technologies. The companies are investing in establishing new facilities mainly in emerging regions so as to increase their global reach. These developments are being undertaken to meet the increasing demand for alpha olefins for various applications.

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