The Alpha Olefins Market is projected to grow from USD 9.3 billion in 2017 to reach USD 13.5 billion by 2022, at a compound annual growth rate (CAGR) of 7.8% during the forecast period. The market is driven by the growing demand for automobiles & plastics and the growth of the major application segments such as polyolefin co-monomers, surfactants and intermediates, and lubricants.

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The alpha olefins market is characterized by the presence of players such as Chevron Phillips (US), Shell (Netherlands), Ineos (Switzerland), Sasol (South Africa), SABIC (Saudi Arabia), Evonik (Germany), ExxonMobil (US), Dow Chemical (US), Qatar Chemical Company Ltd (Qatar), and PJSC Nizhnekamskneftekhim (Russia), among others.

Market Segmentation, by Application:

Polyolefin Co-monomers
Surfactants and Intermediates
Lubricants
Fine Chemicals
Plasticizers
Oil Field Chemicals
Others
1-Butene is the largest segment of the alpha olefins market, by type.

The consumption of 1-Butene is increasing in the plastic industry. There is a growing demand for plastic packaging in the food and pharmaceutical industries, which, in turn, is driving the 1-Butene segment of the alpha olefins market. 1-Butene is used as a comonomer in flexible and rigid packaging. Therefore, the growing plastic industry is playing a pivotal role in the growth of the 1-Butene segment of the alpha olefins market.

The oil field chemicals application is projected to register the highest CAGR in the alpha olefins market during the forecast period.

The discovery of oil fields in the emerging regions is boosting the demand for specialty oil field chemicals, which is expected to fuel the alpha olefins market in the oil field chemicals segment during the forecast period. The second fastest-growing application of alpha-olefins is polyolefin comonomers. The advancement of polymer technology and demand from the packaging industry are the main drivers for the market in this segment.

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Target Audience:

Alpha Olefin Manufacturers
Alpha Olefin Dealers
Alpha Olefin Suppliers
End Users, Raw Material Suppliers, and Others