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Linear Alpha Olefins Market Size from lubricant application to grow at 3% CAGR till 2024

Author : Ronak Bora | Published Date : 2019-08-07 

Linear alpha olefins market from lubricant application should witness gains at over 3% during forecast timeframe. Increasing demand for PAO derived from LAO to produce synthetic lubricants should propagate linear alpha olefins market. These lubricants offer excellent balance of viscosity, pour point and oxidative stability reducing wear & tear while enhancing performance. Growth in automotive demand and production owing to rise in disposable income should propel product demand.

Stringent regulations pertaining to emission reduction in automotive industry forces engine to run hot pertaining to its design. PAO based synthetic lubricants containing 1-Decene as building block helps cooling off the engine which might propel linear alpha olefins market. Strict regulatory regimes on polyethylene usage along with presence of alternatives such as astungsten disulphide and development in nanoparticle based lubricants might hinder industry growth.

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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. Apparently, the aforementioned instances coupled with the technological advancements in oil and gas extraction and drilling in U.S. are evidence enough to state the astounding growth prospects of linear alpha olefins market in North American region over the estimated time frame.

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. Another noteworthy olefin, 1-Octene, has extensive usage in elastomers production. These elastomers, in turn, are used in components of flexible packaging and automotive interiors. The rapid growth of packaging and automobile industry around the globe, has fostered the expansion of linear alpha olefins market.

Europe linear alpha olefins market led by France, Italy and Germany should grow at over 3.5% during foreseeable timeframe. This growth can be attributed to widely prevalent automotive OEM industries along with strict environment protection laws for emission control in the region.

China linear alpha olefins market will surpass USD 1.5 billion by 2024 pertaining to growing demand for polymer and plastic based products in electronics, electrical and other end-use industry. Supportive government policies towards use and production of polyethylene based products should drive regional industry growth.

Global linear alpha olefins market share is moderately fragmented with market participants including Shell, Sasol, Exxon Mobil, Chevron Phillips and INEOS. These players focus on strategic alliances, mergers and acquisitions to expand their production capacity along with regional presence.

Glimpse of Table of Content (ToC)

Chapter 3. Linear alpha olefins Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.3.2.   Distribution channel analysis

3.4. Regulatory landscape

3.4.1.   U.S.

3.4.2.   Europe

3.5. Technology Landscape

3.6. Pricing analysis

3.7. Industry impact forces

3.7.1.   Growth drivers

3.7.2.   Industry pitfalls & challenges

3.8. Innovation & sustainability

3.9. Growth potential analysis

3.9.1.   Emerging business models

3.10.    Porter's analysis

3.11.       Competitive landscape, 2016

3.11.1. Strategic dashboard

3.12.    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/linear-alpha-olefins-market

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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