|By PR Newswire||
|February 11, 2014 12:31 PM EST||
DUBLIN, February 11, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/r7kblj/alpha_olefin) has announced the addition of the "Alpha Olefin Market by Type & Applications - Global Trends & Forecast To 2018" report to their offering.
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Linear alpha olefins are vital industrial alpha-olefins, which include 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, 1-tetradecene, 1-hexadecene, 1-octadecene and higher blends of C20-C24, C24-C30, and C20-C30 ranges. In 2013, the alpha olefin C4, C6, and C8 captured a maximum share of the total volume. The demand for 1-butene, 1-hexene, and 1-octene will continue to dominate due to high growth in the end-user applications industry such as polyethylene.
The global alpha olefin demand is anticipated to grow by 4.2% annually to reach 4.6 million metric tons by 2018. Major drivers for the market are growth in polyethylene industry, and increasing capacity expansions. Bio-based alpha olefins are currently under the research and development phase, but are likely to gain momentum in the next decade which may be an upcoming opportunity for the manufacturers.
There are various applications of alpha olefins that ranges from polyethylene (LLDPE, HPDE), synthetic lubricants, detergent intermediates, oilfield chemicals, paper industry, and additives. Alpha olefin manufacturers have to cater to a wide variety of customers' demands. LLDPE and HDPE captured around half of the market share in the total applications share. 1-butene, 1-hexene, and 1-octene are widely used in polyethylene co-monomers. 1-decene is used to make poly alpha olefins while 1-dodecene is used in detergent alcohols and poly alpha olefins.
Chevron Phillips Chemical Company LP (U.S.), Sasol (South Africa), and Shell Chemicals Limited (U.K.) are the major players which hold significant controlling share in this global market. North America will continue to capture large share of the market in the next five years growing at a CAGR of 4% from 2013-2018. The alpha olefins market for emerging economies of the world is expected to grow with higher growth rates, while the market in matured economies will grow at modest rates.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Alpha Olefins Market, By Type
6 Alpha Olefin Market, By Application
7 Alpha Olefin Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Chevron Phillips Chemical Company Lp
- Evonik Industries Ag
- Exxonmobil Chemical Company
- Godrej Industries Ltd
- Idemitsu Kosan Co Ltd
- Ineos Oligomer
- Linde Ag
- Mitsubishi Chemicals Corporation
- Qatar Chemical Company Limited
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation (Sabic)
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/r7kblj/alpha_olefin
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets