Alpha Olefins Market:
Alpha Olefins are feedstock for many industries. The major applications of these compounds are comonomer for polyolefin production, synthetic lubricant production, as surfactant in detergent production and crude oil refining, and also used as drilling machinery fuel in oil & gas exploration. Alpha Olefins are mainly produced by the catalytic oligomerization of ethylene and fishcer-tropsch process to give a mixture of largely linear products of C4-C20+ even number chain length. Crude oil pricing is the major constraint for the production of alpha olefins.
Regional Analysis: The Global Alpha Olefins Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding construction sector. The demand for Alpha Olefins is predicted to surge in numerous countries of the Asia Pacific such as China, India, Indonesia, Japan and South Korea due to increased pipes production which is anticipated to fuel the Alpha Olefin Market. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to meet the demand for Alpha Olefin raw materials.
Asia Pacific has emerged as the leading market region for Alpha Olefins followed by North America and Europe. North American Alpha Olefins Market is predicted to witness a tremendous growth on account of high Alpha Olefin consumption to produce synthetic lubricants, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be a major contributor in the regional growth of alpha olefins market and is expected to see a significant demand for Alpha Olefins during the forecast period, 2017 to 2023.
Market Categorization:
The Global Alpha Olefins Market is categorized on the basis of type, application, and region. On the basis of type, the market is bifurcated into 1-butene, 1-hexene, 1-octene, 1-decene and others. On the basis of application, the alpha olefins market is categorized into polyolefin comonomer, plasticizer, lubricant, surfactant, drilling machinery fuel, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Top Global Players: Some of the prominent players operating in the Global Alpha Olefins Market are, Royal Dutch Shell plc (the Netherlands), Chevron Phillips Chemical Company LLC (U.S.), Ineos Group Ltd. (U.K), SABIC (Saudi Arabia), Sasol Ltd. (South Africa), The Dow Chemical Company (U.S.), PJSC Nizhnekamskneftekhim (Russia), Qatar Chemical Company Ltd. (Qatar), Evonik Industries AG (Germany), and Idemitsu Kosan Co. Ltd. (Japan)
To Get Sample Report @
https://www.marketresearchfuture.com/sample_request/4877