The global linear alpha olefins market size reached US$ 9.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.08% during 2023-2028.
Linear alpha olefins (LAOs) are unbranched alkenes or hydrocarbons joined by linear chains and one double bond at the first carbon atom of the chain. They are either produced by the oligomerization of ethylene molecules or by Fischer-Tropsch synthesis, followed by purification. They help enhance the toughness, tear strength, and impact resistance of polymers, making them suitable for being used in the production of toys, grocery bags, and food and beverage containers. They are also used as co-monomers for manufacturing polyethylene, plastic packaging, inks, waxes, cosmetic emollients, color concentrates, high-performing engines, and industrial oils. Besides this, LAOs are tailored to meet individual specifications and provide vast options for new chemical development.
2. What is the expected growth rate of the global linear alpha-olefins market during 2023-2028?
3. What has been the impact of COVID-19 on the global linear alpha-olefins market?
4. What are the key factors driving the global linear alpha-olefins market?
5. What is the breakup of the global linear alpha-olefins market based on the type?
6. What is the breakup of the global linear alpha-olefins market based on the end use?
7. What are the key regions in the global linear alpha-olefins market?
8. Who are the key players/companies in the global linear alpha-olefins market?
Linear alpha olefins (LAOs) are unbranched alkenes or hydrocarbons joined by linear chains and one double bond at the first carbon atom of the chain. They are either produced by the oligomerization of ethylene molecules or by Fischer-Tropsch synthesis, followed by purification. They help enhance the toughness, tear strength, and impact resistance of polymers, making them suitable for being used in the production of toys, grocery bags, and food and beverage containers. They are also used as co-monomers for manufacturing polyethylene, plastic packaging, inks, waxes, cosmetic emollients, color concentrates, high-performing engines, and industrial oils. Besides this, LAOs are tailored to meet individual specifications and provide vast options for new chemical development.
Linear Alpha Olefins Market Trends:
Rapid industrialization and the escalating demand for polyethylene (PE) in numerous industry verticals represent one of the key factors positively influencing the market. LAOs are widely used as co-monomers in the manufacturing of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). In addition, there is a rise in the widespread adoption of the product in the burgeoning automotive industry to maintain and manage the spare parts of motorized vehicles. Apart from this, LAOs are utilized as raw materials in pulp and paper, pharmaceutical, coatings, and cosmetic industries to prepare various finished products. Furthermore, leading market players are employing advanced technologies to improve the cost-efficiency and productivity of the LAOs. They are focusing on introducing organic variants that help reduce waste and support environmental health. Moreover, increasing investments in research and development (R&D) projects to develop more advanced product variants are expected to propel market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global linear alpha olefins market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and end use.Breakup by Type:
- Butene
- Hexene
- Octene
- Decene
- Dodecene
- Tetradecene
- Hexadecene
- Octadecene
- Eicosene
- Others
Breakup by End Use:
- LLDPE
- Detergent Alcohols
- HDPE
- Lubricants
- LDPE
- Others
Regional Insights:
- North America
- Middle East
- Western Europe
- South America
- Others
Competitive Landscape:
The report has also analyzed the global competitive landscape of the linear alpha olefins market. Some of the major players operating in this market include - Shell International B.V., Chevron Phillips Chemical Company LLC, INEOS AG, Sasol LTD, The Dow Chemical Company, and Exxon Mobil Corporation.The essential aspects of the global linear alpha olefins market evaluated in the report include:
- Market trends
- Impact of COVID-19
- Major regions
- Key types
- Key end uses
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key end-uses for major feedstocks
- Key players for major feedstocks
Key Questions Answered in This Report
1. What was the size of the global linear alpha-olefins market in 2022?2. What is the expected growth rate of the global linear alpha-olefins market during 2023-2028?
3. What has been the impact of COVID-19 on the global linear alpha-olefins market?
4. What are the key factors driving the global linear alpha-olefins market?
5. What is the breakup of the global linear alpha-olefins market based on the type?
6. What is the breakup of the global linear alpha-olefins market based on the end use?
7. What are the key regions in the global linear alpha-olefins market?
8. Who are the key players/companies in the global linear alpha-olefins market?
Table of Contents
1 Preface2 Research Methodology3 Executive Summary
4 Introduction
5 Global Linear Alpha Olefins Industry
6 Performance of Key Regions
7 Market Breakup by Type
8 Market Breakup by End-Use
9 Competitive Landscape
10 Linear Alpha Olefins Manufacturing Process
11 Linear Alpha Olefins Feedstock Market Analysis
List of Figures
List of Tables
Companies Mentioned
- Shell International B.V.
- Chevron Phillips Chemical Company LLC
- INEOS AG
- Sasol LTD
- The Dow Chemical Company
- Exxon Mobil Corporation
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 141 |
Published | July 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 9.2 Billion |
Forecasted Market Value ( USD | $ 12.3 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 6 |