1-Decene Market Size, Share, Growth Analysis, By Type(Polyalphaolefins (PAO), Oxo alcohols, Linear alkyne benzene, Linear mercaptans), By Application(Polyethylene, Synthetic lubricants, Detergent alcohols, Plasticizers), By Region - Industry Forecast 2024-2031

1-Decene Market size was valued at USD 6.2 billion in 2021 and is poised to grow from USD 6.5 billion in 2022 to USD 10.3 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

The growth of the market is attributed to the increasing demand for 1-decent in various end-use industries, such as the automotive, industrial, and consumer goods industries. The automotive industry is a major driver of the 1-decene market. 1-Decene is used in the production of PAO-based synthetic lubricants, which are used in a variety of automotive applications, such as engine oils, transmission fluids, and gear lubricants. The increasing demand for fuel-efficient and high-performance vehicles is expected to drive the growth of the 1-decene market in the automotive industry. The industrial sector is another major driver of the 1-decene market. 1-Decene is used in the production of a variety of industrial products, such as plasticizers, detergent alcohols, and epoxides. The growing demand for these products in various industrial applications is expected to drive the growth of the 1-decene market in the industrial sector. The consumer goods industry is also a major driver of the 1-decene market. 1-Decene is used in the production of a variety of consumer goods, such as cosmetics, personal care products, and household cleaners. The growing demand for these products in various consumer applications is expected to drive the growth of the 1-decene market in the consumer goods industry. The 1-decene market is segmented by derivative, application, and geography. By derivative, the market is segmented into PAO, oxo alcohols, linear alkyne benzene, linear mercaptans, chlorinated alpha olefins, and others. The PAO segment is projected to be the largest segment during the forecast period, due to the increasing demand for PAO-based synthetic lubricants in the automotive, industrial, and consumer goods industries.

US 1-Decene Market is poised to grow at a sustainable CAGR for the next forecast year.