WiseGuyReports.Com Publish a New Market Research Report On –“Alpha Olefins Market 2019 : Manufacturers Analysis,Applications,Demand by Regions & Forecasts to 2023”.
Alpha Olefins Market 2019
The global alpha olefins market is likely to witness significant growth in the next few years. Olefin is a synthetic lubricant which is popularly used in the automobile industry in addition to being used at many other industries.
The growing demand of polyethylene and synthetic lubricants coming from different industries is one of the influencing factors that is expected to drive the global market size in the future. Lower cost of production, easy processability and versatility are some of the reasons for the higher demand of alpha olefins. Also, growing population and changes in the consumer spending have also fuelled the consumption of polyethylene to a much greater extent.
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Major Key Players
- 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)
• Idemitsu Kosan Co.,Ltd. (Japan)
Since polyalphaolefin which is used in the synthetic lubricants has the quality to protect engines from wear and tear damages so more industries are using it which in turn is raising the demand of Alpha olefins during the forecasted period. These synthetic lubricants are used at various different places such as industries, automotive, marine, and aerospace industries and are widely becoming preferable due great reduction in oil consumption and increased thermal stability they offer to the end buyers.
Based on the type, the market has been segmented into Butene, Hexene, Octene, Decene and others. Hexene is one of the most preferred types of alpha olefins as it is used in the production of polyethylene which in turn is used across various different industries such as packaging, consumer goods, and automotive. Based on the application, the market is divided into Polyolefin Comonomer, Plasticizer, Lubricant, Surfactant, Drilling Machinery Fuel and others.
Detailed Regional Analysis
The global market of the alpha olefins market has been segmented across North America, Europe, India, Japan, China, Southeast Asia, Central & South America and Middle East & Africa (MEA). The alpha olefin market at the US is projected is to dominate the global market due to exceed ample availability of raw material which in turn results in rapid industrialization across different countries in the US. Also, various different industries focus on introducing new and sustainable products and are indulged in different R&D activities to unveil new products in the coming future. Also, rapid urbanization and industrialization in the developing countries will further fuel the product demand of polyethylene in the coming years. Government incentives and constructive regulatory norms scenario in the countries like China, India, Malaysia etc will drive the growth of the manufacturing sector in the Asia Pacific. Alpha Olefins are widely used in polyethylene, detergent alcohols, synthetic lubricants etc and since the production of these products in Asia Pacific is increasing rapidly, so obviously it will drive the regional market during the anticipated years.
Growing stiff competition among the key players will result in favorable changes in the global Alpha olefins market in the coming years. The Key players are more focussed on new product development and long-term strategic partnerships with raw material suppliers to come up with new and more productive products in the future.
Table of Contents – Major Key Points
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Alpha Olefins Market
6 Market Trends
- Global Alpha Olefins Market By Type
- Global Alpha Olefins Market By Application
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