Report: Linear Alpha-olefins Market Size to hit 19 billion-dollar by 2024

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.

Selbyville, Delaware , USA - May 16, 2019 /MarketersMedia/ —

The size of 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 the 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.

Linear alpha-olefins market demand from HDPE application should grow steadily surpassing USD 2.4 billion by 2024. Growing HDPE demand in film and injection molding applications owing to its superior impact & puncture resistance and high tensile strength should boost product demand over the forecasted timeframe.

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Shale oil & gas boom in the U.S. strengthened supply dynamics along with reduced prices for raw material. This empowered LAO manufacturers to shift their production units from Europe to North America. U.S. LAO market from oil field chemical application should generate revenues over USD 350 million by 2024. Growing energy demand along with positive outlook in upstream and downstream activities should drive linear alpha-olefins market.

1-Octene based linear alpha-olefins market size must witness growth at over 3.5% by 2024 owing to strong application outlook in polyolefin elastomers production. These elastomers are used for components of automotive interiors and flexible packaging. These materials replace EPDM and EVA on accounts of low production cost and availability.

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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.

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 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.

Browse key industry insights spread across 175 pages with 173 market data tables & 10 figures & charts from the report, “Linear Alpha-olefins Market Size By Product (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, 1-Tetradecene, 1-Hexadecene, 1-Octadecene), By Application (LLDPE, HDPE, PAO, Detergent Alcohols, Oil Field Chemicals, Lubricants, Plasticizers), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Thailand, Malaysia, Brazil, South Africa, Saudi Arabia, UAE) Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/linear-alpha-olefins-market

Table of Contents (ToC) of the report:
Chapter 4. Linear Alpha-olefins Market, By product
4.1. Global market share by product, 2016 & 2024
4.2. 1-Butene
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013–2024
4.3. 1-Hexene
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013–2024
4.4. 1-Octene
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013–2024
4.5. 1-decene
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013–2024
4.6. 1-dodecene
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013–2024
4.7. 1-Tetradecene
4.7.1. Market estimates and forecast, 2013-2024
4.7.2. Market estimates and forecast, by region, 2013–2024
4.8. 1-Hexadecene
4.8.1. Market estimates and forecast, 2013-2024
4.8.2. Market estimates and forecast, by region, 2013–2024
4.9. 1-Octadecene
4.9.1. Market estimates and forecast, 2013-2024
4.9.2. Market estimates and forecast, by region, 2013–2024
4.10. Others
4.10.1. Market estimates and forecast, 2013-2024
4.10.2. Market estimates and forecast, by region, 2013–2024
Browse Full Table of Contents (ToC) @ 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.

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Website: https://www.gminsights.com/pressrelease/linear-alpha-olefins-market

Source URL: https://marketersmedia.com/report-linear-alpha-olefins-market-size-to-hit-19-billion-dollar-by-2024/513485

Source: MarketersMedia

Release ID: 513485

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