Q. What will be the growth of the linear alpha olefins market?

What will be the growth of the linear alpha olefins market?

Stratview Research delivers key insights on the Linear Alpha Olefins market in its latest report titled Linear Alpha Olefins 2022-2028.

According to the report, the global Linear Alpha Olefins Market is likely to witness an impressive CAGR of 5.5% during the forecast period.

Market Drivers
• The rapid growth of consumer goods,
• The growing automotive industry coupled with increasing per capita income.

What is linear alpha olefins?
Linear alpha olefins are basically olefins with a chemical formula CxH2x and are primarily used as a comonomer in polymerization processes for making linear low-density polyethylene.

Segment Analysis
Based on the product type, the market is segmented as 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, 1-tetradecene, 1-hexadecene, 1-octadecene, and others. The 1-butene segment is estimated to register high growth in the market on account of its wide range of application scope in manufacturing commodity polymers and extensive utilization in flexible packaging and automotive industries. On the other hand, 1-decene is estimated to account for the major share of the market owing to its utilization in the production of synthetic lubricants.

Based on the application type, the market is segmented as LLDPE, HDPE, poly alpha olefins, detergent alcohols, oil field chemicals, lubricants, plasticizers, and others. LLDPE is estimated to account for the largest share of the market during the forecast period owing to its extensive utilization in the polymer industry. Further, oil field chemicals are estimated to witness significant growth in the market over the forecast period on account of increasing energy demand along with technological enhancements in shale oil & gas extraction and drilling in the U.S.

In terms of regions, Europe is estimated to register high growth rate in the market on account of the presence of major automobile manufacturers and stringent emission control regulations made by the government agencies in the region with Germany being the major country with lucrative growth opportunities in the regional market. On the other hand, Asia-Pacific is estimated to account for a significant share of the market on account of the increasing adoption of synthetic lubricants in automobile applications.

stratview research





Apr, 2023

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