Global alpha olefin market size worth $ 10,146.69 million by 2027 at 3.70% CAGR: Verified Market Research®



The increasing demand for alpha-olefins in various applications such as polyolefin comonomers, surfactants and intermediates, automotive and others and an increasing demand for alpha-olefin food packaging products are expected to lead the alpha-olefin market over the forecast period. years.

/ EIN News / – Jersey City, New Jersey, October 04, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report, “Alpha-olefin marketBy type (1-butene, 1-hexene, 1-octene and others), by application (polyolefin comonomers, surfactants and intermediates, lubricants, oilfield chemicals and others) and by geography. According to verified market research, the global alpha olefins market size was valued at USD 8,723.13 million in 2019 and is expected to reach USD 10,146.69 million by 2027, with a 2020 CAGR of 3.70% to 2027.

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Global alpha olefins market overview

Alpha-olefins are used in the production of polyethylene. Thus, the growing demand of the plastics industry for the production of polyethylene is expected to boost the alpha-olefin market. The upsurge in the demand for alpha-olefin food packaging products and the increasing expenditure on research and development for the production of bio-based alpha-olefins are expected to fuel the market during the forecast period.

The growing demand for synthetic lubricants coupled with the growing demand for various types of plastics, including high density polyethylene and polypropylene, due to its use in various applications, such as packaging, industrial processes, consumer goods et al. is a key growth driver for the alpha-olefin market. In addition, investments in various cracking joint venture projects as well as the abundant availability of low-cost ethane from shale gas reserves in the United States are expected to boost the supply of raw materials for alpha-olefin production. , ultimately stimulated the growth of alpha-olefin. olefin market. In addition, the increase in petroleum activities and petrochemical production in the Middle East has boosted ethylene production, thus contributing to the growth of alpha-olefins market in the region.

Key developments in Alpha-olefin market

• Performance Pipe, a division of Chevron Phillips Chemical Company LP, announced that it is supplying EVX Midstream Partners LLC with PE-RT PlatinumStripe 1800 Series piping to transport more sustainably produced wastewater in the Eagle Ford Basin in Texas to multiple saltwater drains (SWDs) facilities.

• VX Midstream Partners plans to extend this pipeline to more than 300 miles, making it the largest SWD pipeline system transporting wastewater produced in the Eagle Ford Basin.

• INEOS Energy will acquire all of the oil and gas interests of HESS Corporation in Denmark. The agreement covers 61.5% of the Syd Arne oil field operated by HESS, supplementing the 36.8% stake already held by INEOS and 4.8% in the Solsort field operated by INEOS.

The main players in the market are Royal Dutch Shell PLC, INEOS, SABIC, Exxonmobil Corporations, Evonik Industries AG and others.

Verified market research segmented the global alpha olefins market on the basis of type, application, and geography.

  • Alpha Olefins Market, By Type
    • 1-Butene
    • 1-Hexene
    • 1-Octene
    • Others
  • Alpha Olefins Market, By Application
    • Polyolefin co-monomers
    • Surfactants & Intermediates
    • Lubricants
    • Others
  • Alpha Olefins Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • The rest of europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • LINE
      • Middle East and Africa
      • Latin America

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