Jersey City, New Jersey, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Alpha Olefins Market” By Type (1-Butene, 1-Hexene, 1-Octene, and Others), By Application (Polyolefin Co-monomers, Surfactants & Intermediates, Lubricants, Oil Field Chemicals, and Others), and By Geography. According to Verified Market Research, the Global Alpha Olefins Market size was valued at USD 8,723.13 Million in 2019 and is projected to reach USD 10,146.69 Million by 2027, growing at a CAGR of 3.70% from 2020 to 2027.
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Browse in-depth TOC on “Alpha Olefins Market”
202 - Pages
126 – Tables
37 – Figures
Global Alpha Olefins Market Overview
Alpha olefins are used in the production of polyethylene. Thus, the increasing demand from the plastics industry for polyethylene production is expected to drive the market for alpha olefins. Upsurge in the demand for alpha olefins-based food packaging products and the growing research & development expenditure for the production of bio-based alpha-olefins are predicted to fuel the market during the forecasted period.
Growing demand for synthetic lubricants coupled with the growing demand for various types of plastics including high-density polyethylene and polypropylene, owing to its usage in various applications, such as packaging, industrial processes, consumer goods, and others is a key growth driver for the alpha olefins market. Further, investments in various cracker joint venture projects along with the abundant availability of low-cost ethane from reserves of shale gas in the U.S. are projected to boost raw material supply for the production of alpha-olefin, eventually, boosted the growth of alpha-olefin market. Additionally, increasing oilfield activities and petrochemical production in the Middle East have propelled ethylene production, thereby assisting the growth of the alpha olefin market in the region.
Key Developments in Alpha Olefins Market
• Performance Pipe, a division of Chevron Phillips Chemical Company LP, announced that it is supplying EVX Midstream Partners LLC with PlatinumStripe 1800 Series PE-RT Piping to transport produced wastewater more sustainably in the Eagle Ford Basin in Texas to multiple saltwater disposals (SWD) facilities.
• VX Midstream Partners expects to expand this pipeline to a length greater than 300 miles, making it the largest SWD pipeline network carrying produced wastewater in the Eagle Ford Basin.
• INEOS Energy to acquire all oil and gas interests from HESS Corporation in Denmark. The deal comprises 61.5% of the HESS operated Syd Arne oil field, complementing the 36.8% share INEOS already holds and 4.8% in the INEOS operated Solsort field.
The major players in the market are Royal Dutch Shell PLC, INEOS, SABIC, Exxonmobil Corporations, Evonik Industries AG, and the rest others.
Verified Market Research has segmented the Global Alpha Olefins Market On the basis of Type, Application, and Geography.
- Alpha Olefins Market, By Type
- 1-Butene
- 1-Hexene
- 1-Octene
- Others
- Alpha Olefins Market, By Application
- Polyolefin Co-monomers
- Surfactants & Intermediates
- Lubricants
- Others
- Alpha Olefins Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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Linear Alpha Olefins Market By Type (1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, and Others), By Application (Detergent Alcohols, Alkylbenzenes (Linear & Branched), Polybutylene, Oilfield Chemicals, Synthetic Lubricant, Low-density polyethylene (LDPE), High-density polyethylene (HDPE), Linear low-density polyethylene (LLDPE), and Others), By End-Use Industry (Automotive industry, Cosmetics & Pharmaceuticals industry, Chemical industry, Paper industry, Consumer goods, and Others), By Geography, Forecast, 2021-2028
1-Decene Market By Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyne Benzene, Linear Mercaptans), By Application (Poly Alpha Olefin, Polyethylene, Detergent Alcohols, Synthetic Lubricants), By Geography, Forecast, 2021-2028
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