PUBLISHER: Polaris Market Research | PRODUCT CODE: 1766422
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1766422
According to a new study by Polaris Market Research, the global higher alpha olefins market size is expected to reach USD 20.01 billion by 2034. The report "Higher Alpha Olefins Market Size, Share, Trends, & Industry Analysis Report By Type (C6-C8, C10-C14, and C16), By Application, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Higher alpha olefins (HAO) are a group of organic compounds with double bonds at the very end of their carbon chain. This specific structure makes them highly reactive and valuable as building blocks in the chemical industry. They are primarily created from ethylene through a process called oligomerization. HAOs are key ingredients in producing a wide range of products, including various plastics, synthetic lubricants, and detergents.
Increasing demand across several key industries drives the demand for higher alpha olefins. The primary demand comes from the plastics sector, where HAOs are used as co-monomers to enhance the properties of polyethylene. Additionally, the growing preference for high-performance synthetic lubricants in automotive and industrial applications significantly contributes to market growth. The expanding use of HAOs in producing detergents and surfactants, driven by global hygiene awareness and the development of specialized cleaning products, also plays a crucial role in the overall market demand.
By type, the C6-C8 segment held the largest share of the higher alpha olefins (HAO) market in 2024. The extensive use of these lighter alpha olefins, such as 1-hexene and 1-octene, drives this dominance.
By application, the polyethylene comonomers segment held the largest share in 2024. This is primarily due to the significant and consistent global demand for polyethylene in diverse applications.
North America dominated the global higher alpha olefins market revenue share in 2024. The Asia Pacific HAO market is projected to grow fastest during the forecast period.
A few key players in the market include Chevron Phillips Chemical Company LLC; Shell plc; INEOS Oligomers; ExxonMobil Chemical Company; Sasol Limited; SABIC (Saudi Basic Industries Corporation); Qatar Chemical Company Ltd. (Q-Chem); Idemitsu Kosan Co., Ltd.; Godrej Industries Limited; and Mitsubishi Chemical Corporation.
Polaris Market Research has segmented the higher alpha olefins market report on the basis of type, application, and region:
By Type Outlook (Revenue - USD Billion, 2020-2034)
C6-C8
C10-C14
C16
By Application Outlook (Revenue - USD Billion, 2020-2034)
Polyethylene Comonomers
Lubricants & Synthetic Oils
Detergents & Surfactants
Other Applications
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America