Alpha Olefin Market By Product (1-Octene, 1-Hexene, 1-Butene, Others), By Application (Synthetic Lubricants, Detergent Alcohol, Polyethylene, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global alpha olefins market outlook is anticipated to reach $8,172.3 million by 2031, growing from $4,062.2 million in 2021, at a CAGR of 7.5% from 2022 to 2031.

The term olefin simply refers to the family of chemical compounds known as alkenes, all of which include the double-bond functional group. The family of unbranched alkenes known as linear alpha olefins has double bonds on the first or alpha carbon atom in their carbon chains. Alfa olefins are extremely versatile and can be used for a variety of consumer and industrial goods. The alpha olefins compounds are most frequently used as co-monomers in the creation of different polymers, in the manufacturing of surfactants, and the development of synthetic lubricants. These uses account for approximately 84% of alpha-olefins usage across the world. Other uses of alpha-olefins include drilling applications, plasticizing agents, lubricants, pulp and paper, and synthetic acid. These factors are anticipated to drive the alpha olefins market growth.

The alpha olefins market is facing a significant challenge from relatively low-cost group III lubricants and developing gas-to-liquid technology. Also, the alpha olefins industry is subject to stringent environmental laws since polyethylene cannot biodegrade. These factors are projected to hamper the alpha olefins market growth during the forecast period.

Poly alpha olefins are natural polymers of linear alpha olefins used as base stocks in synthetic lubricants for automotive and industrial uses. Synthetic base stocks offer better performance when compared with conventional mineral base stock. When compared to mineral base stocks, a variety of factors including kinematic viscosity and viscosity index pour point, and flash and auto-ignition points, are superior to mineral base lubricant. In addition, poly alpha olefins based synthetic lubricants also have a variety of specialized uses in the military, polymer industries, food-grade applications, cosmetics, refrigeration, textile, dielectric fluids, brake fluids, shock absorption, and other fields. Synthetic lubricants are not much expensive when compared with traditional mineral oils. To meet the ever-increasing standards for health, safety, and the environment, users are being forced to switch from mineral base stocks to poly alpha olefins that are superior in terms of various physicochemical properties. Factors such as performance, the toxicity of the current lubricating fluids, reduced wear & tear and maintenance of the machinery, minimization of disposal issues, and others. These factors are anticipated to boost the alpha olefins market share in the upcoming years.

The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major alpha olefins producing countries such as the U.S. and China, which imposed significant challenges on the market. On April 14, 2021, CNOOC Oil & Petrochemicals Co., Ltd (CNOOC) and Shell launched new units through their 50:50 joint venture, to deliver critical petrochemicals to the Chinese market.

The key players profiled in the report include Qatar Chemical Company Ltd (Q-chem)., Chevron Phillips Chemical Company LLC, Mitsubishi Chemical Corp, Exxon Mobil Corporation, INEOS Oligomers, Petrochemicals Sdn. Bhd, Royal Dutch Shell, Evonik Industries, and JAM Petrochemicals Company.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alpha olefin market analysis from 2021 to 2031 to identify the prevailing alpha olefin market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the alpha olefin market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global alpha olefin market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product

1-Octene
1-Hexene
1-Butene
Others

By Application

Synthetic Lubricants
Detergent Alcohol
Polyethylene
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest Of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest Of LAMEA
Key Market Players
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- Evonik Industries AG
- Idemitsu Kosan Co., Ltd
- INEOS, LANXESS
- Qatar Chemical Company Ltd
- SABIC

Product Code: A11577

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Value Chain Analysis
3.8.Market Share Analysis
3.9.Regulatory Guidelines
3.10.Key Regulation Analysis
3.11.Patent Landscape

CHAPTER 4: ALPHA OLEFIN MARKET, BY PRODUCT

4.1 Overview
- 4.1.1 Market size and forecast
4.2 1-Octene
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
4.3 1-Hexene
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
4.4 1-Butene
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
4.5 Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country

CHAPTER 5: ALPHA OLEFIN MARKET, BY APPLICATION

5.1 Overview
- 5.1.1 Market size and forecast
5.2 Synthetic Lubricants
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
5.3 Detergent Alcohol
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
5.4 Polyethylene
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
5.5 Others
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market analysis by country

CHAPTER 6: ALPHA OLEFIN MARKET, BY REGION

6.1 Overview
- 6.1.1 Market size and forecast
6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Product
- 6.2.3 North America Market size and forecast, by Application
- 6.2.4 North America Market size and forecast, by country
  - 6.2.4.1 U.S.
  - 6.2.4.1.1 Market size and forecast, by Product
  - 6.2.4.1.2 Market size and forecast, by Application
  - 6.2.4.2 Canada
  - 6.2.4.2.1 Market size and forecast, by Product
  - 6.2.4.2.2 Market size and forecast, by Application
  - 6.2.4.3 Mexico
  - 6.2.4.3.1 Market size and forecast, by Product
  - 6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Product
- 6.3.3 Europe Market size and forecast, by Application
- 6.3.4 Europe Market size and forecast, by country
  - 6.3.4.1 Germany
  - 6.3.4.1.1 Market size and forecast, by Product
  - 6.3.4.1.2 Market size and forecast, by Application
  - 6.3.4.2 UK
  - 6.3.4.2.1 Market size and forecast, by Product
  - 6.3.4.2.2 Market size and forecast, by Application
  - 6.3.4.3 France
  - 6.3.4.3.1 Market size and forecast, by Product
  - 6.3.4.3.2 Market size and forecast, by Application
  - 6.3.4.4 Spain
  - 6.3.4.4.1 Market size and forecast, by Product
  - 6.3.4.4.2 Market size and forecast, by Application
  - 6.3.4.5 Italy
  - 6.3.4.5.1 Market size and forecast, by Product
  - 6.3.4.5.2 Market size and forecast, by Application
  - 6.3.4.6 Rest of Europe
  - 6.3.4.6.1 Market size and forecast, by Product
  - 6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Product
- 6.4.3 Asia-Pacific Market size and forecast, by Application
- 6.4.4 Asia-Pacific Market size and forecast, by country
  - 6.4.4.1 China
  - 6.4.4.1.1 Market size and forecast, by Product
  - 6.4.4.1.2 Market size and forecast, by Application
  - 6.4.4.2 Japan
  - 6.4.4.2.1 Market size and forecast, by Product
  - 6.4.4.2.2 Market size and forecast, by Application
  - 6.4.4.3 India
  - 6.4.4.3.1 Market size and forecast, by Product
  - 6.4.4.3.2 Market size and forecast, by Application
  - 6.4.4.4 South Korea
  - 6.4.4.4.1 Market size and forecast, by Product
  - 6.4.4.4.2 Market size and forecast, by Application
  - 6.4.4.5 Australia
  - 6.4.4.5.1 Market size and forecast, by Product
  - 6.4.4.5.2 Market size and forecast, by Application
  - 6.4.4.6 Rest of Asia-Pacific
  - 6.4.4.6.1 Market size and forecast, by Product
  - 6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Product
- 6.5.3 LAMEA Market size and forecast, by Application
- 6.5.4 LAMEA Market size and forecast, by country
  - 6.5.4.1 Brazil
  - 6.5.4.1.1 Market size and forecast, by Product
  - 6.5.4.1.2 Market size and forecast, by Application
  - 6.5.4.2 Saudi Arabia
  - 6.5.4.2.1 Market size and forecast, by Product
  - 6.5.4.2.2 Market size and forecast, by Application
  - 6.5.4.3 UAE
  - 6.5.4.3.1 Market size and forecast, by Product
  - 6.5.4.3.2 Market size and forecast, by Application
  - 6.5.4.4 South Africa
  - 6.5.4.4.1 Market size and forecast, by Product
  - 6.5.4.4.2 Market size and forecast, by Application
  - 6.5.4.5 Rest of LAMEA
  - 6.5.4.5.1 Market size and forecast, by Product
  - 6.5.4.5.2 Market size and forecast, by Application

CHAPTER 7: COMPANY LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES

8.1 Chevron Phillips Chemical Company LLC
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
8.2 Exxon Mobil Corporation
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
8.3 Evonik Industries AG
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
8.4 Idemitsu Kosan Co., Ltd
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
8.5 INEOS, LANXESS
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
8.6 Qatar Chemical Company Ltd
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
8.7 SABIC
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments