The global alpha olefin market is projected to show stable growth, with a CAGR of 5.4% over the forecast period (2018-2023). Alpha olefins are widely used in a variety of applications, including the production of polyolefin comonomeres, synthetic lubricants, surfactants and intermediates, plasticizers, oilfield chemicals, and petroleum additives. Of these, polyolefin comonomeres are expected to record the fastest growth with the use of alpha olefins during the forecast period.
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The biggest anger currently witnessed in the alpha olefin market is the growing demand for heavier alpha olefins in the Middle East and North America. This is largely due to the fact that North America is currently one of the largest consumers and producers of alpha olefins. In addition, there are numerous companies in the region that manufacture ethylene crackers along with specialty grade polyethylene, further increasing the need for heavy alpha olefins in the region.
Therefore, it can be argued that sales of alpha olefins will surge worldwide in the future, mainly due to increasing demand in the production of various types of specialty chemicals and plastics and their widespread use in several industries. I will. Automobiles and construction in many countries around the world.
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Global alpha olefin market
• By type – 1-butene, 1-hexene, 1-octene, 1-decene, 1-dodecene, etc.
• By application – polyolefin comonomer, surfactant and intermediate, synthetic lubricant, petroleum additive, plasticizer, Oil field chemicals, etc.