PUBLISHER: Value Market Research | PRODUCT CODE: 1578248
PUBLISHER: Value Market Research | PRODUCT CODE: 1578248
The global demand for 1 Decene Market is presumed to reach the market size of nearly USD 2.9 Billion by 2032 from USD 1.66 Billion in 2023 with a CAGR of 6.35% under the study period 2024-2032.
Decene has the chemical formula C10H20 and is an alkene or unsaturated hydrocarbon. It is made up of a ten-carbon-atom chemical bond chain with one double bond. It is created chemically through ethylene oligomerization or by breaking down higher carbon content petroleum waxes. It is a poisonous mobile liquid that is white and clear. The nitrogen blanket is used to store 1-decene. It's anti-corrosive to steel and aluminium. In industrial processes, 1-decene is extensively utilized. It is primarily utilized as a monomer in copolymers for the synthesis of polyalphaolefins (PAO). A glazing agent in dried fruits and sugar confectionaries such as fruit jams and jellies is one of Poly (1-Decenemost)'s typical commercial applications. Surfactants, speciality industrial chemicals, flavours, perfumes, medicines, colours, oils, and resins are examples of 1-decene's applications and use. It's also widely used as a lubricant in dough-dividing machines, a releasing agent in bread tins, and an anti-foaming and anti-dusting agent. It is mainly employed in industrial gear systems and automated transmission engines in the aviation and maritime industries.
Global demand is driven by rising poly alpha olefin manufacturing. Indirectly, increased environmental concerns in the automobile industry and the rising need for food additives from developing nations have boosted demand for synthetic lubricants globally. As a result, 1-decene consumption has increased significantly. 1-Decene is used as a chemical intermediary in manufacturing detergents and their derivatives, which are used to make commercial surfactants. End-use industries are expanding their demand for surfactants. The demand for 1-Decene is increasing as a result of this. The global 1-decene market is also projected to benefit from lower raw material prices. The market's growth might be stifled by issues like relatively weaker economic growth in major countries worldwide and a lack of on-purpose production procedures. Furthermore, rising group III base oil costs and variable raw material prices are significant stumbling blocks to the global 1-decene market's overall growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 1 Decene. The growth and trends of 1 Decene industry provide a holistic approach to this study.
Market Segmentation
This section of the 1 Decene market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global 1 Decene Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 1 Decene market include Shell Chemicals, Chevron Phillips, Ineos, Qatar Chemicals, Sasol, ExxonMobil. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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