The growth of the Alpha Olefins Market is mainly driven by the increasing demand of the compound in the production of polyolefin comonomers (mostly used in plastic production) and specialty chemicals. On the basis of type, the alpha olefins market is segmented into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, and others. ‘Others’ include 1-Tetradecene, 1-Hexadecene, 1-Octadecene, and C20–C30 linear alpha olefins (LAOs). Some of the applications of C20 – C30 LAOs are alkyl aromatics, petroleum additives, surfactants, and oil field chemicals.
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Based on application, the alpha olefins market is categorized into polyolefin comonomers, surfactants and intermediates, synthetic lubricants, petroleum additives, plasticizers, oilfield chemicals, and others.
Globally, North America has been recording the highest revenue in the alpha olefins market. This is attributed to the growing demand of the compound in different industries, including construction, automotive, and plastics. The region is the largest producer and consumer of the compound in the world. High consumption of plastic and increasing production capacity are the major factors driving the growth of the region’s alpha olefins market.
Additionally, manufacturing facilities of most of the major players, including Royal Dutch Shell Plc and Chevron Phillips Chemical Company LLC are based in the U.S. For example, Royal Dutch Shell’s manufacturing facility is located at Geismar, the U.S.
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Some of the major players operating in the global alpha olefins market are Royal Dutch Shell Plc, Chevron Phillips Chemical Company LLC, INEOS Group Holding S.A., Evonik Industries AG, Saudi Basic Industries Corporation, ExxonMobil Corporation, Qatar Chemical Company Ltd., PJSC Nizhnekamskneftekhim, Sasol Limited, and Idemitsu Kosan Co. Ltd.
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