Alpha Olefins Market by Type, Application - Global Forecast 2024-2030

List of Tables

[193 Pages Report] The Alpha Olefins Market size was estimated at USD 7.36 billion in 2023 and expected to reach USD 7.78 billion in 2024, at a CAGR 5.89% to reach USD 10.99 billion by 2030.

Global Alpha Olefins Market

KEY MARKET STATISTICS
Base Year [2023]	USD 7.36 billion
Estimated Year [2024]	USD 7.78 billion
Forecast Year [2030]	USD 10.99 billion
CAGR (%)	5.89%

Alpha Olefins are a class of organic compounds characterized by double bonds between the carbon atoms in their molecular structure. These chemicals are derived from petrochemical feedstocks such as ethylene, propylene, and other olefin derivatives. They are used in numerous applications across various industries due to their unique properties, including reactivity, versatility, and biodegradability. Increasing demand for polyethylene in packaging applications is a significant driver due to its excellent barrier properties against moisture and gasses while offering flexibility in design options. Furthermore, the rising adoption of lubricants based on low-viscosity synthetic oils in automotive applications is driving demand for higher molecular weight linear alpha-olefin. Volatility in crude oil prices has a direct impact on raw material costs for LAO production, making it harder for producers to maintain stable pricing structures. Fluctuating petrochemical feedstock prices may further limit market growth by intensifying price competition among suppliers and reducing profit margins. Ongoing research into bio-based methods of producing alpha olefins from renewable feedstocks such as vegetable oils and lignocellulosic biomass provides an opportunity for market growth.

Regional Insights

In the Americas region, the United States is a key producer of alpha olefins due to its abundant supply of shale gas. The expansion of shale gas extraction has led to greater availability of raw materials for alpha olefins production. Consumer demand in American countries is driven by applications such as polyethylene production for packaging materials and automotive industry requirements. In the EU countries, strict regulations on environmental concerns are driving innovations in sustainable solutions for polymer production using alpha olefins. The demand for linear alpha-olefins (LAOs) is rising due to their use in high-performance polyethylene products, predominantly in the automotive and packaging industries. Research initiatives have supported advancements in this field through funding and fostering collaborations between academia and industry. The Middle East contributes significantly to global alpha olefin production owing to its vast hydrocarbon reserves. The region boasts many large-scale petrochemical complexes that produce LAOs as part of their integrated operations. In the APAC region, China, Japan, and India are the major producers of alpha olefins, driven by its rapidly growing economy and the massive expansion of chemical industries in recent years. The demand for alpha Olefins is increasing consistently due to its expanding automobile, construction, and packaging sectors.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Alpha Olefins Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Alpha Olefins Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Alpha Olefins Market, highlighting leading vendors and their innovative profiles. These include Borealis AG, Chevron Phillips Chemical Company LLC, Dowpol Chemical International Corp., Evonik Industries AG, Exxon Mobil Corporation, Idemitsu Kosan Co.,Ltd., INEOS AG, JAM Petrochemical Co., Lanxess AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Mitsui Chemicals, Inc., P. S. CHEMICALS, PJSC Nizhnekamskneftekhim, Qatar Chemical Company Ltd., SABIC, Sasol Limited, Shell International B.V., Tokyo Chemical Industry Co., and TPC Group.

Market Segmentation & Coverage

This research report categorizes the Alpha Olefins Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- 1-Butene
- 1-Hexene
- 1-Octene
Application
- Lubricants
- Oil Field Chemicals
- Polyolefins Comonomer
- Surfactants & Intermediates
- Tanning Oils
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Alpha Olefins Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Alpha Olefins Market?

3. What are the technology trends and regulatory frameworks in the Alpha Olefins Market?

4. What is the market share of the leading vendors in the Alpha Olefins Market?

5. Which modes and strategic moves are suitable for entering the Alpha Olefins Market?

Product Code: MRR-1730A405FA47

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Alpha Olefins Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising application of alpha olefins in the paper & pulp industries
  - 5.1.1.2. Increasing production of shale gas across the world
  - 5.1.1.3. Growing demand for synthetic lubricants across various industries
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation prices of crude oil
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements in the production of alpha olefins
  - 5.1.3.2. Development of bio-based alpha olefins
- 5.1.4. Challenges
  - 5.1.4.1. Stringent environmental regulations with the use of alpha olefins
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing utilization of 1-butene in the production of polymers due to their flexibility and resistivity
- 5.2.2. Application: Expanding applications of alpha olefin for the lubricants manufacturing
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Alpha Olefins Market, by Type

6.1. Introduction
6.2. 1-Butene
6.3. 1-Hexene
6.4. 1-Octene

7. Alpha Olefins Market, by Application

7.1. Introduction
7.2. Lubricants
7.3. Oil Field Chemicals
7.4. Polyolefins Comonomer
7.5. Surfactants & Intermediates
7.6. Tanning Oils

8. Americas Alpha Olefins Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Alpha Olefins Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Alpha Olefins Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Investment & Funding
  - 11.3.1.1. ExxonMobil invests USD 2 billion to produce linear alpha olefins
- 11.3.2. Award, Recognition, & Expansion
  - 11.3.2.1. Chevron Phillips Chemical completes construction of 1-Hexene unit in Old Ocean
  - 11.3.2.2. Shell eyeing expansion of its alpha olefins capabilities in Geismar

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. Borealis AG
- 12.1.2. Chevron Phillips Chemical Company LLC
- 12.1.3. Dowpol Chemical International Corp.
- 12.1.4. Evonik Industries AG
- 12.1.5. Exxon Mobil Corporation
- 12.1.6. Idemitsu Kosan Co.,Ltd.
- 12.1.7. INEOS AG
- 12.1.8. JAM Petrochemical Co.
- 12.1.9. Lanxess AG
- 12.1.10. LyondellBasell Industries N.V.
- 12.1.11. Mitsubishi Chemical Corporation
- 12.1.12. Mitsui Chemicals, Inc.
- 12.1.13. P. S. CHEMICALS
- 12.1.14. PJSC Nizhnekamskneftekhim
- 12.1.15. Qatar Chemical Company Ltd.
- 12.1.16. SABIC
- 12.1.17. Sasol Limited
- 12.1.18. Shell International B.V.
- 12.1.19. Tokyo Chemical Industry Co.
- 12.1.20. TPC Group
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing