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Covid-19 Impact on Linear Alpha Olefins Market to Witness Expansion During 2021-2026

on November 30 at 01:41 PM

 

NOV 30,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Linear Alpha Olefins Market.

 

Linear Alpha Olefins Market is likely to witness an impressive CAGR of 5.5% during the forecast period. Major factors such as rapid growth of consumer goods and growing automotive industry coupled with increasing per capita income is expected to accelerate the growth of the market over the forecast period.

 

Linear alpha olefins are basically olefins with a chemical formula CxH2x and are primarily used as a comonomer in polymerization processes for making linear low-density polyethylene.

 

Linear Alpha Olefins Market Share: By Product Type

Based on the product type, the market is segmented as 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, 1-tetradecene, 1-hexadecene, 1-octadecene, and others. The 1-butene segment is estimated to register high growth in the market on account of its wide range of application scope in manufacturing commodity polymers and extensive utilization in flexible packaging and automotive industries. On the other hand, 1-decene is estimated to account for the major share of the market owing to its utilization in production of synthetic lubricants.

 

Linear Alpha Olefins Market Share: By Application Type

Based on the application type, the market is segmented as LLDPE, HDPE, poly alpha olefins, detergent alcohols, oil field chemicals, lubricants, plasticizers, and others. LLDPE is estimated to account for the largest share of the market during the forecast period owing to its extensive utilization in polymer industry. Further, oil field chemicals are estimated to witness significant growth in the market over the forecast period on account of increasing energy demand along with technological enhancements in shale oil & gas extraction and drilling in the U.S.

 

Linear Alpha Olefins Market Share: By Region

In terms of regions, Europe is estimated to register high growth rate in the market on account of the presence of major automobile manufacturers and stringent emission control regulations made by the government agencies in the region with Germany being the major country with lucrative growth opportunities in the regional market. On the other hand, Asia-Pacific is estimated to account for a significant share of the market on account of increasing adoption of synthetic lubricants in automobile applications.

 

Key Players:            

  • Chevron Phillips Chemical Company
  • Evonik Industries
  • Exxon Mobil Corporation
  • Idemitsu Kosan Co. Ltd.
  • INEOS Oligomers
  • Nizhnekamskneftekhim
  • Qatar Chemical Company Ltd.
  • Royal Dutch Shell plc
  • SABIC
  • Sasol Ltd.

 

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

 

The Linear Alpha Olefins Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

Customization of the Report:

This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.

You can mail our sales team at ([email protected]) and get in touch with us on +1-313-307-4176 to share your research requirements.

 

About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.

 

 

 

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