Linear alpha olefin are alkenes that have a terminal double bond between the first and second carbon atom. The double bond between the first and the second carbon atom makes these olefins useful in a large number of applications. Linear alpha olefins are used to manufacture products such as polymers (LLDPE and HPDE), synthetic lubricants, synthetic acids, oilfield chemicals, detergent intermediates, and additives. Traditionally, linear alpha olefins have been manufactured by oligomerization of ethylene and Fischer-Tropsch synthesis. Of late, companies such as Chevron Phillips Chemical Company LLC, Sasol Limited, and The Dow Chemical Company have developed new processes for manufacturing linear alpha olefin.
Key factors driving the linear alpha olefin market include increasing demand for poly alpha olefins in the automotive industry and rising demand for polyethylene in the packaging industry. Demand for linear alpha olefin is expected to increase due to the growth in the demand for LLDPE in packaging and construction industries. This is prompting companies to increase the production of linear alpha olefin. Additionally, easy availability of raw materials is anticipated to boost the demand for linear alpha olefin in the near future.
The global linear alpha olefin market is witnessing technological advancements. Companies are constantly striving to develop new and better linear alpha olefin. Development of new manufacturing process of linear alpha olefin and applications is estimated to propel the linear alpha olefin market. However, implementation of stringent environmental regulations and volatility in prices of raw materials are projected to adversely affect market growth.
Based on type, the linear alpha olefin market can be classified into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, 1-Tetradecene, 1-Hexadecene, and others. 1-Hexene is the most commonly used type of linear alpha olefin. It is used as co-monomer due to its excellent chemical properties.
Linear alpha olefin is employed in a wide range of applications due to their chemical properties. Based on application, the market can be segmented into detergent alcohol, synthetic lubricant, low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and others. The low-density polyethylene (LDPE) segment accounted for significant share of the linear alpha olefin in 2016 owing to the high demand for these linear alpha olefins in the global plastics industry.
In terms of geography, the linear alpha olefin market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is anticipated to constitute key share of the market during the forecast period. Asia Pacific is estimated to be a rapidly growing region of the linear alpha olefin market, owing to the increase in demand in the automotive industry in the region. Middle East & Africa is also likely to be an attractive region of the linear alpha olefin market during the forecast period due to the rise in demand in the packaging industry in the region.
Prominent players operating in the global linear alpha olefin market include Royal Dutch Shell plc, Sasol Limited, Qatar Chemical Company Ltd (Q-Chem), Chevron Phillips Chemical Company LLC, and The Dow Chemical Company.
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- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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