Global Linear Alpha Olefins Market, By Type (1-Hexene, 1-Octene, Others), By Application (Polyethylene, Detergent Alcohol, Synthetic Lubricants) – Competitive Landscape & Growth Potential Analysis, 2021-2031

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The global linear alpha olefins market is predictable to grow at a CAGR of 16% during the estimated period. The market is anticipated to surpass USD 30 billion by 2031, from USD 12.5 billion in 2020.

These olefins are industrially significant alkenes with the chemical formula CXH2X. They are typically synthesized by ethylene oligomerization or Fischer-Tropsch synthesis. Linear alpha olefins are extensively used as co-monomers in the manufacture of plastics such as polyethylene and polypropylene. Within linear alpha-olefins, 1-hexene exhibits special properties and is used in a variety of applications, including as a co-monomer in the manufacture of polyethylene, as well as the production of aldehydes and fatty acids for plasticizers. Although fluctuations in raw material prices and tight environmental regulations are expected to hamper the market's development.

IMPACT OF COVID-19 ON THE GLOBAL LINEAR ALPHA OLEFINS MARKET

The COVID 19 pandemic has had a negative impact on the economy due to national lockdowns, stringent social distancing measures, and global travel restrictions that have crippled the automotive, gas, and oil industries. China had the highest oil demand in the first quarter, with a year-on-year decrease of 1.8 million barrels daily (B/J). In the second quarter, an improved situation in China compensates for a declining market elsewhere. However, a gradual recovery is expected in the second half of 2020. In the first half of 2020, global oil demand fell by about 90,000 barrels per day compared to 2019, influencing alpha oil price growth.

GLOBAL LINEAR ALPHA OLEFINS MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL LINEAR ALPHA OLEFINS MARKET DYNAMICS

MARKET DRIVER: GROWING DEMAND FOR POLYETHYLENE

Polyethylene demand is expected to rise as a result of its use in a variety of applications such as packaging, manufacturing processes, and consumer goods. The most common method is the oligomerisation of ethylene, which results in the formation of alpha olefins. Oligomerization is the formation of items with evenly numbered carbon chains, typically ranging from C4 to C30+. Chevron, Shell, and Phillips are just a few of the companies that have developed manufacturing processes. These manufacturers' changes to the various stages of the reaction sequence resulted in a variety of alpha olefin polymer products and chain lengths. The main raw material used in alpha-olefin processing is ethylene, which is made from crude oil and naphtha. The 2008 shale gas revolution in North America resulted in dramatic reductions in industrial resources and feedstock costs.

MARKET RESTRAINT: UNPREDICTABILITY IN PRICES OF RAW MATERIALS

The volatile raw material prices have a significant impact on the alpha oil market. The cost of producing alpha olefines rises in tandem with the cost of raw materials. This raises the total cost of the manufacturers. Furthermore, manufacturers' shifting emphasis on advanced technology stifles demand for alpha olefins. Because the adoption of new technologies necessitates significant resources, the use of emerging technology raises production costs. As a result, the price of alpha olefins will rise in tandem with the rise in production costs.

MARKET OPPORTUNITY: CUMULATIVE USAGE IN SURFACTANTS APPLICATION

A wide range of cleaning surfactants are available, with anionic surfactants being one of the most common, and highly valued for their ability to mould. Many anionic surfactants are available in detergents, but the most common salts are dodecylbenzene sulfonic acid and ethoxylated sodium lauryl sulfate. In contrast, the appropriateness of these surfactants was reconsidered due to factors such as hazardous and difficult storage, biodegradability, skin and fabric compatibility, efficient washing at low temperatures, or shipping costs associated with diluted materials. Recent trends, on the other hand, necessitate a redesign. Alpha Olefin sulfonate's primary benefits in cleaning materials include its ability to shape solid foams in thinning products, rough water and low temperatures, good cleansing properties, good biodegradability, high skin compliance, and high-water solubility in both detergent and cosmetic products. As a result, it is ideal for fluid or cream detergents, personal grooming, and, in particular, hand dishwashers, washing detergents, car cleaners, or bath gel.

MARKET THREAT: BALANCING PRODUCTION

The ongoing task of juggling demand in order to supply goods for a wide range of markets requires full-service alpha Olefin (LAO) suppliers. In commercial practice, the process technology primarily employs ethylene oligomerization, which in some cases distributes an equal number of carbon atoms from C4 (butene-1) to C30+ (triacontain). Though on-processes may result in some discrete fractions, so-called complete processes continue to dominate supply.

KEY TRENDS IN THE GLOBAL LINEAR ALPHA OLEFINS MARKET

GLOBAL LINEAR ALPHA OLEFINS MARKET TRENDS, BY PRODUCT

"During the forecast period, the Linear Alpha Olefins market for 1-hexene segment is expected to dominate the global market."

During the forecast years, 1-hexene is expected to be the fastest growing commodity category. The increased use of 1-hexene as a traditional monomer is expected to drive segment growth in the production of high density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) (LLDPE). Because of the growing automotive and consumer goods industries in China, India, and Brazil, rising demand for polyethylene is expected to drive the 1-hexen segment even further. It is also used as a plastic lubricant additive, which is expected to drive demand even higher. The demand for 1-decane from industrial and household cleaners, as well as its use in personal care, will drive growth in this product category, as 1-dodecane is used in the production of detergent alcohols.

GLOBAL LINEAR ALPHA OLEFINS MARKET TRENDS, BY APPLICATION

"During the forecast period, the Linear Alpha Olefins market for Polyethylene is expected to dominate the global market."

Polyethylene is the most important application category, accounting for approximately 57 percent of the volume market share in 2018. The leading polyethylene compound application market is construction. Polyethylene is also used on computer numerical control (CNC) and 3D printers in the packaging and prototype production fields. High-density polyethylene is a strong moisture barrier that is easily processed and can provide an invisible packaging product.

GLOBAL LINEAR ALPHA OLEFINS MARKET TRENDS, BY REGION

" North America holds the dominant share in the global market."

North America is expected to hold a significant market share during the forecast period. Because of increased demand in the region's automotive industry, Asia-Pacific is expected to be a rapidly developing region in the linear alpha olefin sector. Europe is expected to grow at a rapid pace during the forecast period. This increase could be attributed to the existence of and strict pollution control regulations imposed by government agencies in the area of leading automobile manufacturers. In addition to increased demand for plastic goods, higher per capita profits would fuel demand for alpha olephines on the linear market. Because of rising demand in the region's packaging industry, the Middle East and Africa are expected to be the most appealing regions for the linear alpha olefin market during the forecast period.

COMPETITIVE LANDSCAPE IN THE GLOBAL LINEAR ALPHA OLEFINS MARKET

The global Linear Alpha Olefins market is highly diverse and competitive, with many international players and a small number of regional and local players. Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Petrochemicals (Malaysia) Sdn. Bhd, INEOS Oligomers, Mitsubishi Chemical Corp. are some of the market's major players.

RECENT ADVANCES IN THE GLOBAL LINEAR ALPHA OLEFINS MARKET

In April 2020, the analysis of the addition of a hexene 1 based on ethylene trimerization was announced by the Chevron Phillips.
In October 2019, Shell announced the start of production of its latest full-line plant in Alvin, TX in Geismar, LA and INEOS.
In April 2019, ExxonMobil spent in its entire Baytown, TX unit. While Arcanum prepares to open an ethylene-based butene-1 plant in Baytown, Texas, investments in LAO-on-use development continue.

CHAPTER 1. INTRODUCTION
1.1. KEY OBJECTIVES OF THE STUDY
1.2. MARKET SCOPE & DEFINITION
1.2.1. MARKET SEGMENTATION
1.3. REPORT DESCRIPTION
1.4. LIMITATIONS
1.5. STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2. RESEARCH METHODOLOGY
2.1. DATA EXPLORATION
2.1.1. PRIMARY DATA
2.1.1.1. DATA SOURCES
2.1.1.2. KEY DATA COLLECTED
2.1.2. SECONDARY DATA
2.1.2.1. DATA SOURCES
2.1.2.2. KEY DATA COLLECTED
2.2. MARKET SIZE ESTIMATION
2.2.1. TOP-DOWN APPROACH
2.2.2. BOTTOM-UP APPROACH
2.3. DATA BREAKDOWN & TRIANGULATION
2.4. ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3. EXECUTIVE SUMMARY

CHAPTER 4. THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1. MARKET ATTRACTIVENESS, BY TYPE
4.2. MARKET ATTRACTIVENESS, BY APPLICATION
4.3. MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5. MARKET OVERVIEW
5.1. INTRODUCTION
5.2. GROWTH IMPACT FORCES
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. THREATS
5.3. MARKET ECOSYSTEM & VALUE CHAIN
5.3.1. ECOSYSTEM ANALYSIS
5.3.1.1. IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2. VALUE CHAIN ANALYSIS
5.3.2.1. IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4. INNOVATION & SUSTAINABILITY MATRICES
5.4.1. PATENT MATRIX
5.4.2. REGULATORY MATRIX
5.5. PRICE MATRIX
5.5.1. IMPACT OF COVID-19 ON PRICING
5.5.2. PRICING ANALYSIS
5.5.2.1. BY TYPE
5.5.2.2. BY APPLICATION
5.5.2.3. BY REGION
5.6. PORTER’S FIVE FORCES ANALYSIS
5.6.1. BARGAINING POWER OF SUPPLIERS
5.6.2. BARGAINING POWER OF CONSUMERS
5.6.3. THREAT OF SUBSTITUTES
5.6.4. THREAT OF NEW-ENTRANTS
5.6.5. COMPETITIVE RIVALRY INTENSITY
5.7. PESTLE ANALYSIS
5.7.1. POLITICAL
5.7.2. ECONOMICAL
5.7.3. SOCIAL
5.7.4. TECHNOLOGICAL
5.7.5. ENVIRONMENTAL
5.8. IMPACT OF COVID-19 ON GLOBAL LINEAR ALPHA OLEFINS MARKET
5.8.1. PRE-COVID MARKET SCENARIO
5.8.2. POST-COVID MARKET SCENARIO

CHAPTER 6. GLOBAL LINEAR ALPHA OLEFINS MARKET ANALYSIS, BY TYPE
6.1. INTRODUCTION
6.1.1. 1-HEXENE
6.1.2. 1-OCTENE
6.1.3. OTHERS

CHAPTER 7. GLOBAL LINEAR ALPHA OLEFINS MARKET ANALYSIS, BY APPLICATION
7.1. INTRODUCTION
7.1.1. POLYETHYLENE
7.1.2. DETERGENT ALCOHOL
7.1.3. SYNTHETIC LUBRICANTS

CHAPTER 8. GLOBAL LINEAR ALPHA OLEFINS MARKET ANALYSIS, BY REGION
8.1. INTRODUCTION
8.1.1. NORTH AMERICA
8.1.1.1. UNITED STATES (U.S.)
8.1.1.2. CANADA
8.1.1.3. MEXICO
8.1.2. SOUTH AMERICA
8.1.2.1. ARGENTINA
8.1.2.2. BRAZIL
8.1.2.3. COLOMBIA
8.1.2.4. REST OF SOUTH AMERICA
8.1.3. EUROPE
8.1.3.1. GERMANY
8.1.3.2. FRANCE
8.1.3.3. UNITED KINGDOM (UK)
8.1.3.4. RUSSIA
8.1.3.5. SPAIN
8.1.3.6. ITALY
8.1.3.7. SWITZERLAND
8.1.3.8. REST OF EUROPE
8.1.4. ASIA-PACIFIC
8.1.4.1. CHINA
8.1.4.2. JAPAN
8.1.4.3. INDIA
8.1.4.4. SOUTH KOREA
8.1.4.5. AUSTRALIA
8.1.4.6. INDONESIA
8.1.4.7. SINGAPORE
8.1.4.8. MALAYSIA
8.1.4.9. REST OF ASIA-PACIFIC
8.1.5. MIDDLE EAST
8.1.5.1. EGYPT
8.1.5.2. KUWAIT
8.1.5.3. SAUDI ARABIA
8.1.5.4. UNITED ARAB EMIRATES (UAE)
8.1.5.5. REST OF MIDDLE EAST
8.1.6. AFRICA
8.1.6.1. EGYPT
8.1.6.2. NIGERIA
8.1.6.3. SOUTH AFRICA
8.1.6.4. REST OF AFRICA

CHAPTER 9. COMPETITIVE LANDSCAPE
9.1. TOP WINNING STRATEGIES
9.1.1. BY STRATEGY
9.1.2. BY REGION
9.1.3. BY YEAR
9.2. COMPETITIVE HEATMAP
9.3. PRODUCT BENCHMARKING
9.4. STRATEGIC BENCHMARKING
9.4.1. MERGERS & ACQUISITIONS
9.4.2. STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 10. PLAYER BENCHMARKING
10.1. ROYAL DUTCH SHELL PLC.
10.1.1. BUSINESS OVERVIEW
10.1.2. PRODUCT OFFERINGS
10.1.3. FINANCIAL OVERVIEW
10.1.4. STRATEGIC BENCHMARKING
10.1.5. SWOT ANALYSIS
10.2. SASOL LIMITED
10.2.1. BUSINESS OVERVIEW
10.2.2. PRODUCT OFFERINGS
10.2.3. FINANCIAL OVERVIEW
10.2.4. STRATEGIC BENCHMARKING
10.2.5. SWOT ANALYSIS
10.3. QATAR CHEMICAL COMPANY LTD (Q-CHEM)
10.3.1. BUSINESS OVERVIEW
10.3.2. PRODUCT OFFERINGS
10.3.3. FINANCIAL OVERVIEW
10.3.4. STRATEGIC BENCHMARKING
10.3.5. SWOT ANALYSIS
10.4. CHEVRON PHILLIPS CHEMICAL COMPANY
10.4.1. BUSINESS OVERVIEW
10.4.2. PRODUCT OFFERINGS
10.4.3. FINANCIAL OVERVIEW
10.4.4. STRATEGIC BENCHMARKING
10.4.5. SWOT ANALYSIS
10.5. THE DOW CHEMICAL COMPANY
10.5.1. BUSINESS OVERVIEW
10.5.2. PRODUCT OFFERINGS
10.5.3. FINANCIAL OVERVIEW
10.5.4. STRATEGIC BENCHMARKING
10.5.5. SWOT ANALYSIS
10.6. IDEMITSU KOSAN CO.LTD
10.6.1. BUSINESS OVERVIEW
10.6.2. PRODUCT OFFERINGS
10.6.3. FINANCIAL OVERVIEW
10.6.4. STRATEGIC BENCHMARKING
10.6.5. SWOT ANALYSIS
10.7. THE LINDE GROUP
10.7.1. BUSINESS OVERVIEW
10.7.2. PRODUCT OFFERINGS
10.7.3. FINANCIAL OVERVIEW
10.7.4. STRATEGIC BENCHMARKING
10.7.5. SWOT ANALYSIS
10.8. EXXON MOBIL CORPORATION
10.8.1. BUSINESS OVERVIEW
10.8.2. PRODUCT OFFERINGS
10.8.3. FINANCIAL OVERVIEW
10.8.4. STRATEGIC BENCHMARKING
10.8.5. SWOT ANALYSIS
10.9. INEOS OLIGOMERS
10.9.1. BUSINESS OVERVIEW
10.9.2. PRODUCT OFFERINGS
10.9.3. FINANCIAL OVERVIEW
10.9.4. STRATEGIC BENCHMARKING
10.9.5. SWOT ANALYSIS
10.10. QATAR CHEMICAL COMPANY LTD
10.10.1. BUSINESS OVERVIEW
10.10.2. PRODUCT OFFERINGS
10.10.3. FINANCIAL OVERVIEW
10.10.4. STRATEGIC BENCHMARKING
10.10.5. SWOT ANALYSIS