Alpha Olefins Market – Segmentation Analysis and Forecasts by Technavio

04-Oct-2017 Intellasia | BusinessWire | 10:50 PM Print This Post

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global alpha olefins market is expected to grow at a CAGR of more
than 6% during the predicted period.


This research report titled ‘Global
Alpha Olefins Market 2017-2021
’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

Alpha olefins are used majorly in the automotive and plastic industries.
They are also expected to have decent growth in other applications, such
as in detergents and soaps. Olefins are essential to prepare emulsions
for detergents, soaps, and creams. The market is witnessing the growth
and high demand for linear low-density polyethylene (LLDPE) because of
its high performance.

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Technavio’s analysts categorize the global alpha olefins market into six
major segments by type. They are:

  • 1-Dodecene
  • 1-Decene
  • 1-Octene
  • 1-Butene
  • 1-Hexene
  • Others

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The top three segments based on type of the global alpha olefins market
are discussed below:

Global alpha olefins market by 1-Hexene

The 1-Hexene segment holds the major share of the market. 1-Hexene is
preferred over other types of alpha
olefins
because of its unique properties. It is used as a comonomer
in the production of polyethylene and aldehydes. 1-Hexene is also used
as an intermediate in the production of oxo alcohols, hexyl mercaptans,
organoaluminum compounds, and synthetic fatty acids for plasticizers. It
is used the maximum in polyethylene manufacturing and plasticizers. With
the growth in the global plastic market during the forecast period, the
demand for 1-Hexene is expected to increase.

Global alpha olefins market by 1-Butene

1-Butene is gaining momentum in the market after 1-Hexene. Alpha olefins
of 1-Butene are polymerized to manufacture polybutene-1 (PB). It is a
type of homopolymer that is majorly used in engineering applications.
Its preference in engineering applications has increased over a period
because of its excellent and long-term mechanical properties. It has a
high tensile strength and good tear properties.

According to Kurva Samba Sivudu, a lead specialty
chemicals
research analyst from Technavio, “PB successfully
resisted stress without cracking or fracturing when tested against its
short-time stress value. It remained the same for a long period. Its
applications have broadened in the commercial sector because of its
unique features. This has accelerated the growth of the market.”

Global alpha olefins market by 1-Octene

1-Octene is an organic compound that is classified as a higher olefin
and alpha olefin. Its chemical formula is CH2CHC6H13. It is majorly used
as a comonomer in the production of polyethylene. With the rise in the
demand for LLDPE and HDPE, the use of 1-Octene has also increased. LLDPE
uses approximately 8%-12% of comonomers, and HDPE uses approximately
2%-5% of comonomers.

“There are around five to six processes that oligomerize ethylene
into 1-Octene. The maximum number of processes produce 1-Octene as a
part of alpha olefins. The importance of 1-Octene has increased because
of its use in the production of linear aldehyde through oxo synthesis,
resulting in the formation of fatty acid,”
adds Kurva.

The top vendors highlighted by Technavio’s research analysts in this
report are:

  • Chevron
  • Idemitsu Kosan
  • INEOS
  • SABIC
  • Shell

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