The alpha olefin market is highly competitive in nature. It has several market participants with a few market leaders globally. Chevron Philips Chemical Co. (U.S.), Ineos Oligomers (U.S.), Sasol (South Africa), Nizhnekamkneftekim (Russia) and ExxonMobil Chemical Co. (U.S.) hold a significant control in the market. The major players will continue to hold respective positions by launching new products and making substantial investments for capacity expansions.
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The alpha olefin market is mainly driven by polyethylene application, which accounts for the largest consumption share of alpha olefins. Rising demand for co-monomers in the production of polyethylene and poly alpha olefins (used in synthetic lubricants) is driving the alpha olefin market. Along with polyethylene and poly alpha olefins (PAO), oil field drilling is also a growing application.
The alpha olefin players are constantly looking for capacity expansions and new product development targeting new applications which in turn would increase their market shares. This market has a very few large players that are mainly in the alpha olefin business. Most of these players are local companies operating in specific areas and capturing insignificant market shares individually. Shell is the largest player of this market followed by CP Chem and Sasol.
The report forecasts volume and revenue of the global alpha olefin market and its various submarkets with respect to the main regions such as North America, Europe, Asia-Pacific, Middle East, and Rest of the World. Major countries such as U.S., Canada, and Germany were analyzed.
The report segments the global alpha olefin market by type, application, and geography. It also focuses on market share analysis, and market metrics such as drivers, restraints, and opportunities. Top and local players in the global alpha olefin market have been identified and profiled.
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