Global Linear Alpha Olefins Market Share, Size, Price Trends And Forecast 2018-2023

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Global Linear Alpha Olefins Market Catalyzed by
Growing Demand for Lubricants
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Report Description and Highlights
Report Description
Global Linear Alpha Olefins Market Catalyzed by
Growing Demand for Lubricants The global linear
alpha olefins market has witnessed a healthy
growth owing to the versatility of linear alpha
olefins. They are widely used in the production
of lubricants, plastics and industrial chemical
products. Linear alpha olefins are alkenes with
a chemical formula CXH2x and are distinguished
from other olefins by the double bond formed at
the alpha position. As a result of this double
bond, they are used for manufacturing a variety
of polymers and synthetic lubricants. Some of the
common types of linear alpha olefins are
1-Hexene, 1-Octene, 1 -Butene and 1-Decene. They
can be found in different forms such as solids,
large crystals, liquid, dry powder and gas
vapours, depending on the length of their carbon
chain. A new research report by IMARC Group,
titled Linear Alpha Olefins Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, estimates that the
market was worth nearly US 8 Billion in 2017,
registering a CAGR of around 5 during the year
2010-2017. The report further anticipates the
market to cross US 11 Billion by 2023, at a
projected CAGR of 6.5 over the forecast period
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Report Description and Highlights
Report Description
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Report Description and Highlights
Report Description

• Global Linear Alpha Olefins Market Drivers/Constra
  ints
• Linear alpha olefins are versatile in nature
  which makes them suitable for applications in
  diverse industries. They are extensively used as
  co-monomers for manufacturing plastics, such as
  polyethylene and polypropylene, which creates an
  attractive market for linear alpha olefins.
• These olefins are necessary for the production of
  other industrial chemical products such as poly
  alpha olefins, drag reducing agents,
  plasticisers, detergent alcohols, alkenyl
  succinic anhydrides, etc. These products are
  further used in the cosmetics and
  pharmaceuticals, automotive, coatings and paper,
  consumer goods, and chemical industries.
• Rising environmental concern towards harmful gas
  emissions from automobiles has led the
  governments to encourage the usage of synthetic
  lubricants. This has further stimulated the
  consumption of linear alpha olefins which are
  used in the production of synthetic lubricants.
• Factors that hamper the market growth include
  volatility in the prices of the raw materials,
  high initial investments and stringent
  environmental regulations. Besides, the presence
  of alternatives such as tungsten disulphide is
  another restraint for the market growth.
• Read full report _at_ https//www.imarcgroup.com/line
  ar-alpha-olefins-market

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Report Description and Highlights
Report Description
Product Type Insights On the basis of product
type, there are a large number of linear alpha
olefins available in the market including butene,
hexene, octene, decene, dodecene, tetradecene,
hexadecene, octadecene, eicosene, C22 and
C24. End-Use Insights Based on end-use, the
polyethylene industry represents the largest and
fastest growing consumer of linear alpha olefins,
accounting for the majority of the total global
consumption. The fast growth of the polyethylene
industry can be attributed to an increasing
demand for plastics in the automotive and
consumer goods industries. Some of the other
major consumers of linear alpha olefins are
detergent alcohols and lubricants. Regional
Insights On a geographical front, North America
represents both the worlds largest producer and
consumer of linear alpha olefins on account of
high demand from the key end-use industries in
the region. Other major regions include Western
Europe, Middle East and South Africa. Request
Sample Of The Report https//www.imarcgroup.com/r
equest?typereportid605flagB
 
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Report Description and Highlights
Report Description

• Competitive Landscape
• The market is highly concentrated with the
  presence of a small number of players who compete
  in terms of prices and quality. The manufacturers
  are trying to widen their regional presence and
  product portfolio so as to increase their
  profitability. Some of the leading players
  operating in the market are
• Shell
• CPChem
• INEOS
• Sasol
• DOW
• Exxonmobil
• Browse more related reports
• Naphtha Market https//www.imarcgroup.com/naphtha
  -market
• Saccharin Market https//www.imarcgroup.com/sacch
  arin-market

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Report Description and Highlights
Report Description

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