Alpha Olefins Market Will Reach $9.82 Bn in 2017

Tuesday 20 June 2017, Amsterdam

A new report, now available on ASDReports, concludes that the world market for the Alpha Olefins will reach $9.82 billion in 2017. This analysis and others appear in Alpha Olefins Market 2017-2027: Forecast by Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), Application (Polyethylene, Detergent Alcohol, Synthetic Lubricant) Plus Leading Players.

Polyethylene is expected to witness a significant rise in demand on account of its versatility, easy process ability, recyclability, and low cost. Growing population coupled with increasing consumer spending in emerging markets, such as China, India, and Brazil has fuelled polyethylene demand. Growing demand for polyalphaolefin in synthetic lubricants on account of reduced engine wear and tear is also expected to fuel the market growth over the next seven years. On account of the above-mentioned factors, alpha olefin demand is expected to increase significantly over the forecast period.

Regional markets analysed in the report include North America, Europe, Asia Pacific, MEA and CSA. North America was the largest regional market and accounted for 42.7% of the total market volume in 2016. Increasing oilfield drilling activities coupled with the presence of key market players in the region is expected to drive alpha olefins demand in this region. Europe followed North America to emerge as the second largest regional market. The region is expected to lose market share by 2027 mainly to Asia Pacific and CSA. Uncertain economic situation in the region coupled with declining growth in major end-use industries is expected to have an adverse impact on Europe alpha olefins market.

Polyethylene was the leading application segment for alpha olefins market in 2016. Polyethylene is expected to gain some market share on account of increasing demand for polyethylene from automotive and consumer goods industries. 1-Hexene was the leading product segment for alpha olefins market. It is also expected to be the fastest growing product segment on account of increasing C6 demand from polyethylene industry. 1-Octene was the second largest product for alpha olefins market.