The global high chain alpha olefin market is projected to reach $11.0 billion by 2028, at a CAGR of 6% during 2023-2028. The growth of high chain alpha olefin market is driven by the wide usage of alpha-olefin in the production of polyethylene and growing demand for the paper and pulp industry.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the high chain alpha olefin market by product (1-butene, 1-decene, 1-hexene, 1-octene, 1-dodecene, amines, ethylene, and others), application (polyolefin co-monomers, lubricants, plasticization, and others), end use industry (packaging, electronics, paper & pulp, textile, and others), and region.
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the high chain alpha olefin market?
Q.4 What are some changing demands of customers in the high chain alpha olefin market?
Q.5 What are the new developments in the high chain alpha olefin market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this high chain alpha olefin area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this high chain alpha olefin market?
Based on product, the high chain alpha olefin market is segmented into 1-butene, 1-decene, 1-hexene, 1-octene, 1-dodecene, amines, ethylene, and others. The 1-hexene segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its wide usage in the manufacturing of polyethylene, plasticizers, oxo alcohols, and synthetic fatty acid.
North America will remain the largest region due to the growing demand for plastic goods, which is driving the usage of polyethylene for plastic production; presence of key players; and increasing investment by both domestic and foreign companies in the region.
Key Players in the high chain alpha olefin market are Royal Dutch Shell, Chevron Phillips Chemical, Ineos, SABIC, Sasol, and Evonik.
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