What is the global market size of Alpha Olefins Market?

Alpha Olefins Market size was valued at USD 9.97 billion in 2021 and is poised to grow from USD 10.46 billion in 2022 to USD 15.33 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).

Alpha Olefins Companies

Alpha Olefins Market Competitive Landscape

Top Player's Company Profiles

Chevron Phillips Chemical Company LLC
Ineos Oligomers
Shell Chemicals
ExxonMobil Chemical Company
Evonik Industries AG
Idemitsu Kosan Co., Ltd.
Sasol Limited
Qatar Chemical Company Ltd. (Q-Chem)
Nizhnekamskneftekhim
SABIC
PJSC Nizhnekamskneftekhim
PBF Energy Inc.
CP Chemicals
Borealis AG
Chevron Corporation
SK Global Chemical Co. Ltd.
Mitsubishi Chemical Corporation
Formosa Plastics Corporation
LyondellBasell Industries N.V.
Dow Inc.

FAQs

Alpha Olefins Market size was valued at USD 10.46 billion in 2022 and is poised to grow from USD 10.97 billion in 2023 to USD 16.09 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

alpha olefins market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. The alpha olefin market is partially consolidated, with both international and domestic players 'Chevron Phillips Chemical Company LLC', 'Ineos Oligomers', 'Shell Chemicals', 'ExxonMobil Chemical Company', 'Evonik Industries AG', 'Idemitsu Kosan Co., Ltd.', 'Sasol Limited', 'Qatar Chemical Company Ltd. (Q-Chem)', 'Nizhnekamskneftekhim', 'SABIC', 'PJSC Nizhnekamskneftekhim', 'PBF Energy Inc.', 'CP Chemicals', 'Borealis AG', 'Chevron Corporation', 'SK Chemical Co. Ltd.', 'Mitsubishi Chemical Corporation', 'Formosa Plastics Corporation', 'LyondellBasell Industries N.V.', 'Dow Inc.'

The discovery of shale gas is a significant contributor to market expansion. Ethylene, naphtha, butane, and natural gas are the primary sources of alpha olefins. The most commonly used production process for producing a full range of alpha olefins is ethylene oligomerization, whereas ethylene is primarily obtained from ethane, which is derived from natural gas. Because shale gas is rich in olefins, its recent discovery in several countries has resulted in an expansion of the olefin industry. The abundant supply of low-cost natural gas-based feedstock from North America's highly productive shale fuels the alpha olefins market. Because of the increased availability of ethane and propane feedstock from shale gas, nearly all of the major North American alpha olefin producers have announced capacity additions for ethylene/propylene or alpha olefins.

Surfactants are found in a wide variety of cleaning products, and one of the most common types is anionic surfactants, which are prized for their foaming ability. There are numerous anionic surfactants for use in detergents, but the salts of dodecylbenzene sulfonic acid and ethoxylated sodium lauryl sulphate are the most commonly used today. However, In contrast, new trends have caused a reconsideration of the suitability of these surfactants due to factors such as hazardous or difficult handling, biodegradability, skin and fabric compatibility, efficiency in low-temperature washing, or transport costs associated with diluted products. As a result, ingredients developed in the previous century, such as Alpha-Olefin Sulfonate (INCI: Sodium C14-16 Olefin Sulfonate), are regaining popularity in the detergency and cosmetic industries.

Chevron Phillips, INEOS, and Shell are the three largest producers of Linear Alpha Olefins (LAO) via ethylene oligomerization. These companies are well-known in North America, Western Europe, and the Middle East. Western Europe, on the other hand, is likely to face a limited supply of ethylene and will continue to produce LAO via extractive distillation or the full range process with minor capacity additions. Heavy LAOs are the focus of investments in the Middle East and North America. These regions are expected to focus on specialty polyethylene grades, with a particular emphasis on the production of C6 and C8 LLDPE.

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Alpha Olefins Market Size, Share, Growth Analysis, By Product(1-Butene, 1-Hexene, 1-Octene, 1-Decene), By Application(Polyethylene, Detergent Alcohol, Synthetic Lubricant, Others), By Region - Industry Forecast 2024-2031

Alpha Olefins Market Competitive Landscape

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Alpha Olefins Market Size, Share, Growth Analysis, By Product(1-Butene, 1-Hexene, 1-Octene, 1-Decene), By Application(Polyethylene, Detergent Alcohol, Synthetic Lubricant, Others), By Region - Industry Forecast 2024-2031

Alpha Olefins Market Competitive Landscape

Alpha Olefins Market Report Snapshots

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