The report has segmented the global linear alpha olefins market on the basis of type, end user and region.
BROOKLYN, NY, USA, October 13, 2023 /EINPresswire.com/ — IMARC Group has recently released a new research study titled “Linear Alpha Olefins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Size, CAGR and Forecast 2023-2028:
The global linear alpha olefins market size reached US$ 9.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.08% during 2023-2028.
Linear alpha-olefins (LAOs) are a group of hydrocarbon compounds characterized by the presence of a double bond at the beginning or alpha position of their carbon chain. These olefins have a linear, straight-chain structure, which distinguishes them from branched alpha-olefins. LAOs are essential raw materials in the petrochemical industry and are primarily derived from the oligomerization of ethylene gas. They have a wide range of applications, including the production of various chemicals and polymers. LAOs serve as key intermediates in the manufacturing of synthetic lubricants, detergents, plasticizers, and specialty chemicals. Their straight-chain structure and the ability to control their chain length make LAOs valuable in the customization of chemical properties, such as molecular weight and branching, to meet specific industrial requirements.
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Linear Alpha Olefins Market Growth Factors and Trends:
The increasing demand for polyethylene represents one of the key factors driving the growth of the market across the globe. LAOs are vital feedstock to produce high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE). As the global demand for plastic products, particularly in packaging and construction, continues to rise, so does the need for LAOs to manufacture these materials.
The automotive and construction industries are major consumers of synthetic lubricants and specialty chemicals derived from LAOs. The ongoing growth in these sectors fuels the demand for LAOs to produce lubricants, plasticizers, and construction materials. The extensive use of LAOs in drilling fluids and oilfield chemicals used in the oil and gas industry is fueling the growth of the market. The increase in oil and gas exploration activities, especially in emerging markets, is driving the demand for LAOs.
Other factors, such as the rising production of detergents and cleaning products, expansion of the chemical industry, and increasing investments in petrochemical infrastructure are creating a positive outlook for the market across the globe.
Who are the key players operating in the industry:
Linear Alpha Olefins Manufacturers:
• Shell International B.V.
• Chevron Phillips Chemical Company LLC
• INEOS AG
• Sasol LTD
• The Dow Chemical Company
• Exxon Mobil Corporation
Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Butene
• Hexene
• Octene
• Decene
• Dodecene
• Tetradecene
• Hexadecene
• Octadecene
• Eicosene
• Others
Breakup by End Use:
• LLDPE
• Detergent Alcohols
• HDPE
• Lubricants
• LDPE
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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The essential aspects of the global linear alpha olefins market evaluated in the report include:
• Market trends
• Impact of COVID-19
• Major regions
• Key types
• Key end uses
• Key manufacturers
• Price trends
• Raw material requirements
• Chemical reactions involved in the manufacturing process
• Major importers and exporters
• Value chain analysis
• Market trends for major feedstocks
• Price trends for major feedstocks
• Key regions for major feedstocks
• Key end-uses for major feedstocks
• Key players for major feedstocks
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Services Private Limited
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