The global alpha olefins market was valued at US$ 9.3 billion in 2020 and is expected to grow at a CAGR of 4.5% through 2032. In organic chemistry, alpha olefins are a family of compounds, which are alkenes with a chemical formula. This location of a double-bond also enhances the reactivity of the compound and also is useful for several applications.
Market Dynamics
The Surfactants are the leading type in the Alpha Olefins market. This is because they are used in a wide range of cleaning products and are particularly known for their foaming ability. This kind of sulfonate is also particularly suitable for laundry and personal care products and also for detergency and cosmetic products.
The growing demand for polyethylene owing to its wide usage in a variety of applications such as packaging, industrial processes, and other consumer goods is expected to drive the market growth during the forecast period.
Global Alpha Olefins Market- Share Analysis, by Geography (2021)
The report titled “Alpha Olefins Market- Global Market Share, Trends, Analysis and Forecasts, 2022-2032” offers market estimates for a period 2022 to 2032, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Alpha Olefins market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The Asia-Pacific region is expected to dominate the alpha olefins market. In the Asia-Pacific region, especially in countries such as China, Japan, South Korea, India, and other South Asian nations, the demand for alpha olefins is increasing. China leads the Asia Pacific market. It is also expected to record the highest growth in this region.
North America region follows Asia Pacific and holds significant market share for the Alpha Olefins domain. The reason for North America region’s performance is that it has huge industrial bases along with the presence of leading suppliers of Alpha Olefins based in this region. North America also has a vast natural reserve and is considered to be one of the potential investment hubs for the Alpha Olefins market.
Hexene has emerged as the largest technology type segment in the Alpha Olefins market and butene is expected to be the fastest growing segment in the forecast period, the reason being that this type consists of a double bond which makes it suitable for various applications.
Polyethylene is the major application type in the Alpha Olefins market and accounts for the largest market share. It is used in the packaging sector and also for prototype development.
The report on the Alpha Olefins market presents a comprehensive analysis of the forecast period and presents a detailed analysis. It studies the current market trends, market forecasts, and growth drivers in the forecast period.
Prominent players in the market include Chevron Phillips Company; INEOS; Sabic; Sasol; Royal Dutch Shell PLC and others.
Market Segmentation
By Type
By Application
By Geography
The global Alpha Olefins market is estimated to expand at a CAGR of 4.5% through 2032.
The major types of global alpha olefins market are Hexene, Octane, Butene, Other Types and Polyethylene.
Chevron Phillips Company; INEOS; Sabic; Sasol; Royal Dutch Shell PLC and others are the major key players in global alpha olefins market.
The growing demand for polyethylene owing to its wide usage in a variety of applications such as packaging, industrial processes, and other consumer goods is expected to drive the market growth during the forecast period.
The global alpha olefins market was worth US$ 9.3 million in 2020.
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