Linear Alpha Olefins Market Analysis

Linear Alpha Olefins Market Analysis

1-Butene product segment is likely to witness significant gains of over 4.5% during forecast period owing to its extensive application scope in manufacturing commodity polymers including polyethylene and polypropylene. It is majorly used in the production of HDPE and LLDPE, which is extensively used in flexible packaging, and automotive industries, thereby stimulating the linear alpha olefins market growth.

1-Decene product segment should surpass USD 2.5 billion by 2024 due to its wide application scope in production of synthetic lubricants. Increasing usage mainly in automotive and industrial application owing to high density and viscosity supported by growth in automobile industry should propel the linear alpha olefins market value.

1-Hexene product segment should have significant growth during forecast period and can be attributed to growth in automotive, consumer goods and oilfield drilling activities. Positive indicators in plastic industry owing to shift in consumer preference towards compact and strong end-use products should propel the linear alpha olefins market.

Oilfield chemical application is expected to grow at over 3.5% during forecast timeframe owing to growing energy demand accompanied with technological advancements in shale oil & gas extraction and drilling in the U.S.

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LLDPE application sector should surpass USD 10 billion by 2024 due to extensive application scope in polymer industry. Key properties including high impact resistance and superior tensile strength has led to increase in usage over other polymer materials supported by lenient regulations mainly in India, China and Brazil should have positive influence on linear alpha olefins market trends.
 

Europe region will witness gains at over 3.5% during forecast timeframe. This growth can be attributed to presence of major automobile manufacturers in the region and stringent emission control regulations set forth by government agencies. Rise in per capita income coupled with increasing demand for plastic based products will further drive the linear alpha olefins market demand.
 

China market share will grow significantly exceeding over USD 1.5 billion by 2024. Growing adoption of synthetic lubricants in automobiles due to high performance and fuel efficiency along with reducing environmental impact should favor regional growth. Supporting regulations pertaining to production and usage of polymer are likely to act as another contributing factor towards regional linear alpha olefins market share.
 

Germany will witness significant gains owing to product demand from synthetic lubricant for its use in automobile applications. Increasing production levels from detergent alcohol in the region should further drive the linear alpha olefins market.