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Linear Alpha Olefins Market to Witness Substantial Growth till 2024

Author : Ronak Bora | Published Date : 2019-05-07 

Global Linear Alpha Olefins Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

In the recent times, Linear Alpha Olefins market has continued to witness voluminous and remarkable investments by industry giants in a renewed bid to fulfill their commitments to expand the existing manufacturing sites to produce increased amounts of linear alpha olefins. A notable instance that would be prudent to cite is of Royal Dutch Shell, the British-Dutch oil and gas behemoth, confirming its plan to expand its Geismar chemical manufacturing plant in Louisiana, U.S. to establish it as the world’s largest single-site production facility of linear alpha olefins.

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For the record, linear alpha olefins are utilized as co-monomers to manufacture polypropylene and polyethylene, out of which the burgeoning demand for linear low-density polyethylene is attributed to its wide-ranging applications in household products, food packaging, automotive, agriculture and shrink films.

The product landscape of linear alpha olefins industry includes 1-Butene, 1-Octene, 1-Decene, 1-Hexene, 1-Dodecene, 1- Hexadecene, 1-Octadecene, 1-Tetradecene among others.  Out of these olefins, 1-Butene market size is anticipated to attain decent gains of over 4.5% over the projected time span, merited by its tremendous applications in flexible packaging and in the manufacturing of commodity polymers.

Europe, led by Germany, France and Italy linear alpha olefins market size, is estimated to show steady growth rates and surpass 1.5 million tons by 2024. Increasing production and sales of automobiles coupled with presence of big automotive production companies should favor industry growth.

Increasing environmental concern towards harmful automobile emissions supported by strict automobile emission control policies set by government should boost synthetic lubricants demand thereby driving market demand.

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Easy accessibility, consistent supply and low cost of key raw material, ethylene for production owing to shale gas exploration activities mainly in U.S. and Europe should stimulate linear alpha olefins market growth. Increasing petrochemicals demand along with development of enhance drilling techniques has led to rise in shale gas extraction thereby driving linear alpha olefins market growth.

Global linear alpha olefins market share is fragmented with key industry participants including INEOS, Shell, Chevron, Sasol, Idemitsu, Jam Petrochemical and Evonik Industries. Participants focus on expanding their regional presence, product portfolio and technology through partnerships, mergers and acquisitions.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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