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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Linear Alpha Olefins Market Size
The global linear alpha olefins market reached a value of about USD 10.53 billion in 2023. The market is further expected to grow at a CAGR of 4.6% in the forecast period of 2024-2032 to reach a value of approximately USD 15.78 billion by 2032.
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On the basis of end-use, the global linear alpha olefin market has been segmented as LLPDE, detergents alcohols, HDPE, lubricants, LDPE, and others. LLDPE currently represent the biggest end use industry in the market. The global linear alpha olefins market is dominated by the North America region. The region is both the largest producer and consumer of linear alpha-olefins globally.
The main uses of linear alpha olefins are as co-monomers in polyethylene production, in the manufacture of poly alpha olefins (used in synthetic lubricants) and in the production of oxo alcohols (used largely in detergents and plasticizers). A recent application of C14 is as an on-land drilling fluid base stock as it is biodegradable and has a significant environmental advantage over other drilling fluids.
Properties and Applications
Linear alpha olefins, also known as normal alpha olefins, are alkenes with a terminal double bond between the first and the second carbon atom and a chemical formula CXH2X. In 1960s, they were produced by the thermal cracking of waxy paraffin found in crude oils. Nowadays, they are produced on an industrial level by a process of oligomerization of ethylene.
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Based on type, the industry is divided into:
- Butene
- Hexene
- Octene
- Decene
- Dodecene
- Tetradecene
- Hexadecene
- Octadecene
- Eicosene
- Others
Based on end-uses, the industry is segmented into:
- LLDPE
- Detergent Alcohols
- HDPE
- Lubricants
- LDPE
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Linear Alpha Olefins Market Analysis
Linear alpha olefins are versatile organic compounds. They are used in a number of industries such as cosmetics and pharmaceuticals, chemical, coatings and paper, automotive and consumer goods. They are used in the manufacture of polymers like polyethylene and polyalphaolefin, synthetic lubricants, detergents alcohols, plasticizer alcohol, etc.
The majority of the total global consumption of linear alpha olefins is in the polyethylene industry as co-monomers in the production of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). Thus, fast-growing polyethylene industry has significantly increased the global demand for linear alpha olefins in the past several years. Moreover, changing consumer preferences, rising disposable incomes, increasing focus on bio-based alpha olefins along with a strong demand from emerging markets are other factors that have facilitated the market growth.
This report provides an exhaustive insight into the manufacturing of linear alpha olefins. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing linear alpha olefin viz. ethylene. For feedstock, the report provides price trends, market breakup by end-use, market breakup by region and its key manufacturers.
Competitive Landscape of Linear Alpha Olefins Market
The report gives a detailed analysis of the following key players in the global linear alpha olefins market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Shell International B.V.
- Ineos AG
- Exxon Mobil Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global linear alpha olefins market attained a value of nearly USD 10.53 billion.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 15.78 by 2032.
The major drivers of the market include the thriving polyethylene sector, rising environmental concern, rising demand from the developing regions, utilisation in diverse applications ranging from waxes and plastic packaging to the high-performing engine and industrial oils, and growing research and development activities.
The key trends guiding the growth of the market include the growing demand for C14 as an on-land drilling fluid base stock owing to its biodegradable nature and rapid technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
Butene, hexene, octene, decene, dodecene, tetradecene, hexadecene, octadecene, and eicosene are the major linear alpha olefins types in the market.
The end-use segment of the market is led by LLDPE.
The major players in the market are Shell International B.V., Ineos AG, and Exxon Mobil Corporation, among others.
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