Linear Alpha Olefins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 141 Pages I IMARC Group
Market Overview 2023-2028:
The global linear alpha olefins market size reached US$ 9.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.08% during 2023-2028.
Linear alpha olefins (LAOs) are unbranched alkenes or hydrocarbons joined by linear chains and one double bond at the first carbon atom of the chain. They are either produced by the oligomerization of ethylene molecules or by Fischer-Tropsch synthesis, followed by purification. They help enhance the toughness, tear strength, and impact resistance of polymers, making them suitable for being used in the production of toys, grocery bags, and food and beverage containers. They are also used as co-monomers for manufacturing polyethylene, plastic packaging, inks, waxes, cosmetic emollients, color concentrates, high-performing engines, and industrial oils. Besides this, LAOs are tailored to meet individual specifications and provide vast options for new chemical development.
Linear Alpha Olefins Market Trends:
Rapid industrialization and the escalating demand for polyethylene (PE) in numerous industry verticals represent one of the key factors positively influencing the market. LAOs are widely used as co-monomers in the manufacturing of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). In addition, there is a rise in the widespread adoption of the product in the burgeoning automotive industry to maintain and manage the spare parts of motorized vehicles. Apart from this, LAOs are utilized as raw materials in pulp and paper, pharmaceutical, coatings, and cosmetic industries to prepare various finished products. Furthermore, leading market players are employing advanced technologies to improve the cost-efficiency and productivity of the LAOs. They are focusing on introducing organic variants that help reduce waste and support environmental health. Moreover, increasing investments in research and development (R&D) projects to develop more advanced product variants are expected to propel market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global linear alpha olefins market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and end use.
Breakup by Type:
Butene
Hexene
Octene
Decene
Dodecene
Tetradecene
Hexadecene
Octadecene
Eicosene
Others
Butene currently dominates the market due to the presence of a double bond, which makes this compound highly reactive and suitable for numerous applications.
Breakup by End Use:
LLDPE
Detergent Alcohols
HDPE
Lubricants
LDPE
Others
LLDPE holds the majority of the market share as it is extensively used in manufacturing films and packaging due to its flexibility and toughness. It also provides resistance against various harmful chemicals.
Regional Insights:
North America
Middle East
Western Europe
South America
Others
North America enjoys the leading position in the market as it is the largest producer and consumer of LAOs across the globe. Additionally, the existence of numerous manufacturing companies and continuous upgradation in the petrochemical and oil and gas infrastructure are strengthening the market growth in this region.
Competitive Landscape:
The report has also analyzed the global competitive landscape of the linear alpha olefins market. Some of the major players operating in this market include - Shell International B.V., Chevron Phillips Chemical Company LLC, INEOS AG, Sasol LTD, The Dow Chemical Company, and Exxon Mobil Corporation.
The essential aspects of the global linear alpha olefins market evaluated in the report include:
Market trends
Impact of COVID-19
Major regions
Key types
Key end uses
Key manufacturers
Price trends
Raw material requirements
Chemical reactions involved in the manufacturing process
Major importers and exporters
Value chain analysis
Market trends for major feedstocks
Price trends for major feedstocks
Key regions for major feedstocks
Key end-uses for major feedstocks
Key players for major feedstocks
Key Questions Answered in This Report
1. What was the size of the global linear alpha-olefins market in 2022?
2. What is the expected growth rate of the global linear alpha-olefins market during 2023-2028?
3. What has been the impact of COVID-19 on the global linear alpha-olefins market?
4. What are the key factors driving the global linear alpha-olefins market?
5. What is the breakup of the global linear alpha-olefins market based on the type?
6. What is the breakup of the global linear alpha-olefins market based on the end use?
7. What are the key regions in the global linear alpha-olefins market?
8. Who are the key players/companies in the global linear alpha-olefins market?
1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Linear Alpha Olefins Industry
5.1 Market Overview
5.2 Impact of COVID-19
5.3 Market Performance
5.3.1 Volume Trends
5.3.2 Value Trends
5.4 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Type
5.7 Market Breakup by End-Use
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.11 Porter's Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Trade Data
5.12.1 Imports
5.12.2 Exports
5.13 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 North America
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Middle East
6.2.1 Market Trends
6.2.2 Market Trends
6.3 Western Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 South America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Type
7.1 Butene
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hexene
7.2.1 Market Trends
7.2.2 Market Trends
7.3 Octene
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Decene
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Dodecene
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Tetradecene
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Hexadecene
7.7.1 Market Trends
7.7.2 Market Trends
7.8 Octadecene
7.8.1 Market Trends
7.8.2 Market Forecast
7.9 Eicosene
7.9.1 Market Trends
7.9.2 Market Forecast
7.10 Others
7.10.1 Market Trends
7.10.2 Market Forecast
8 Market Breakup by End-Use
8.1 LLDPE
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Detergent Alcohols
8.2.1 Market Trends
8.2.2 Market Trends
8.3 HDPE
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Lubricants
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 LDPE
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Market Breakup by Key Players
9.3 Key Player Profiles
9.3.1 Shell International B.V.
9.3.2 Chevron Phillips Chemical Company LLC
9.3.3 INEOS AG
9.3.4 Sasol LTD
9.3.5 The Dow Chemical Company
9.3.6 Exxon Mobil Corporation
10 Linear Alpha Olefins Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Manufacturing Process
10.4 Detailed Process Flow
10.5 Raw Material Requirement
10.6 Mass Balance and Feedstock Conversion Rate
11 Linear Alpha Olefins Feedstock Market Analysis
11.1 Ethylene
11.1.1 Market Performance
11.1.2 Volume Trends
11.1.3 Value Trends
11.1.4 Price Trends
11.1.5 Market Breakup by Region
11.1.6 Market Breakup by End-Use
11.1.7 Key Suppliers
Figure 1: Global: Linear Alpha Olefins Industry Overview
Figure 2: Global: Linear Alpha Olefins Market: Consumption Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Linear Alpha Olefins Market: Consumption Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Linear Alpha Olefins Market: Average Price Trends (in US$/Ton), 2017-2022
Figure 5: Global: Linear Alpha Olefins Market: Production Breakup by Region (in %), 2022
Figure 6: Global: Linear Alpha Olefins Market: Consumption Breakup by Region (in %), 2022
Figure 7: Global: Linear Alpha Olefins Market: Breakup by Type (in %), 2022
Figure 8: Global: Linear Alpha Olefins Market: Breakup by End-Use (in %), 2022
Figure 9: Global: Linear Alpha Olefins Market Forecast: Consumption Volume Trends (in Million Tons), 2023-2028
Figure 10: Global: Linear Alpha Olefins Market Forecast: Consumption Value Trends (in Billion US$), 2023-2028
Figure 11: Global: Linear Alpha Olefins Industry: SWOT Analysis
Figure 12: Global: Linear Alpha Olefins Industry: Value Chain Analysis
Figure 13: Global: Linear Alpha Olefins Industry: Porter's Five Forces Analysis
Figure 14: Global: Linear Alpha Olefins Market: Import Volume Breakup by Country (in %)
Figure 15: Trinidad and Tobago: Linear Alpha Olefins Market: Import Volume Trend (in Tons)
Figure 16: Global: Linear Alpha Olefins Market: Export Volume Breakup by Country (in %)
Figure 17: USA: Linear Alpha Olefins Market: Export Volume Trend (in Tons)
Figure 18: North America: Linear Alpha Olefins Market (in Tons), 2017 & 2022
Figure 19: North America: Linear Alpha Olefins Market Forecast (in Tons), 2023-2028
Figure 20: Middle East: Linear Alpha Olefins Market (in Tons), 2017 & 2022
Figure 21: Middle East: Linear Alpha Olefins Market Forecast (in Tons), 2023-2028
Figure 22: Western Europe: Linear Alpha Olefins Market (in Tons), 2017 & 2022
Figure 23: Western Europe: Linear Alpha Olefins Market Forecast (in Tons), 2023-2028
Figure 24: South America: Linear Alpha Olefins Market (in Tons), 2017 & 2022
Figure 25: South America: Linear Alpha Olefins Market Forecast (in Tons), 2023-2028
Figure 26: Others: Linear Alpha Olefins Market (in Tons), 2017 & 2022
Figure 27: Others: Linear Alpha Olefins Market Forecast (in Tons), 2023-2028
Figure 28: Global: Linear Alpha Olefins Market: Butene (in Tons), 2017 & 2022
Figure 29: Global: Linear Alpha Olefins Market Forecast: Butene (in Tons), 2023-2028
Figure 30: Global: Linear Alpha Olefins Market: Hexene (in Tons), 2017 & 2022
Figure 31: Global: Linear Alpha Olefins Market Forecast: Hexene (in Tons), 2023-2028
Figure 32: Global: Linear Alpha Olefins Market: Octene (in Tons), 2017 & 2022
Figure 33: Global: Linear Alpha Olefins Market Forecast: Octene (in Tons), 2023-2028
Figure 34: Global: Linear Alpha Olefins Market: Decene (in Tons), 2017 & 2022
Figure 35: Global: Linear Alpha Olefins Market Forecast: Decene (in Tons), 2023-2028
Figure 36: Global: Linear Alpha Olefins Market: Dodecene (in Tons), 2017 & 2022
Figure 37: Global: Linear Alpha Olefins Market Forecast: Dodecene (in Tons), 2023-2028
Figure 38: Global: Linear Alpha Olefins Market: Tetradecene (in Tons), 2017 & 2022
Figure 39: Global: Linear Alpha Olefins Market Forecast: Tetradecene (in Tons), 2023-2028
Figure 40: Global: Linear Alpha Olefins Market: Hexadecene (in Tons), 2017 & 2022
Figure 41: Global: Linear Alpha Olefins Market Forecast: Hexadecene (in Tons), 2023-2028
Figure 42: Global: Linear Alpha Olefins Market: Octadecene (in Tons), 2017 & 2022
Figure 43: Global: Linear Alpha Olefins Market Forecast: Octadecene (in Tons), 2023-2028
Figure 44: Global: Linear Alpha Olefins Market: Eicosene (in Tons), 2017 & 2022
Figure 45: Global: Linear Alpha Olefins Market Forecast: Eicosene (in Tons), 2023-2028
Figure 46: Global: Linear Alpha Olefins Market: Others (in Tons), 2017 & 2022
Figure 47: Global: Linear Alpha Olefins Market Forecast: Others (in Tons), 2023-2028
Figure 48: Global: Linear Alpha Olefins Market: LLDPE (in Tons), 2017 & 2022
Figure 49: Global: Linear Alpha Olefins Market Forecast: LLDPE (in Tons), 2023-2028
Figure 50: Global: Linear Alpha Olefins Market: Detergent Alcohols (in Tons), 2017 & 2022
Figure 51: Global: Linear Alpha Olefins Market Forecast: Detergent Alcohols (in Tons), 2023-2028
Figure 52: Global: Linear Alpha Olefins Market: HDPE (in Tons), 2017 & 2022
Figure 53: Global: Linear Alpha Olefins Market Forecast: HDPE (in Tons), 2023-2028
Figure 54: Global: Linear Alpha Olefins Market: Lubricants (in Tons), 2017 & 2022
Figure 55: Global: Linear Alpha Olefins Market Forecast: Lubricants (in Tons), 2023-2028
Figure 56: Global: Linear Alpha Olefins Market: LDPE (in Tons), 2017 & 2022
Figure 57: Global: Linear Alpha Olefins Market Forecast: LDPE (in Tons), 2023-2028
Figure 58: Global: Linear Alpha Olefins Market: Other End Users (in Tons), 2017 & 2022
Figure 59: Global: Linear Alpha Olefins Market Forecast: Other End Users (in Tons), 2023-2028
Figure 60: Linear Alpha Olefins Manufacturing Process: Detailed Process Flow
Figure 61: Linear Alpha Olefins Manufacturing Process: Conversion Rate of Feedstocks
Figure 62: Global: Ethylene Market: Consumption Volume Trends (in Million Tons), 2017-2022
Figure 63: Global: Ethylene Market: Consumption Value Trends (in Million US$), 2017-2022
Figure 64: Global: Ethylene Market: Average Price Trends (in US$/Ton), 2017-2022
Figure 65: Global: Ethylene Market: Breakup by Region (in %), 2022
Figure 66: Global: Ethylene Market: Breakup by End-Use (in %), 2022
Figure 67: Global: Ethylene Market Forecast: Consumption Volume Trends (in Million Tons), 2023-2028
Figure 68: Global: Ethylene Market Forecast: Consumption Value Trends (in Million US$), 2023-2028
Table 1: Linear Alpha Olefins: Physical Properties
Table 2: Linear Alpha Olefins: Chemical Properties
Table 3: Global: Linear Alpha Olefins Market: Key Industry Highlights, 2022 and 2028
Table 4: Global: Linear Alpha Olefins Market Forecast: Breakup by Region (in Tons), 2023-2028
Table 5: Global: Linear Alpha Olefins Market Forecast: Breakup by Type (in Tons), 2023-2028
Table 6: Global: Linear Alpha Olefins Market Forecast: Breakup by End-Use (in Tons), 2023-2028
Table 7: Global: Linear Alpha Olefins Market: Imports by Major Countries
Table 8: Global: Linear Alpha Olefins Market: Exports by Major Countries
Table 9: Global: Linear Alpha Olefins Market: Key Players
Table 10: Linear Alpha Olefins: Manufacturing Process: Raw Material Requirements
Table 11: Global: Ethylene Market: Key Manufacturers
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