Global Alpha Olefins Market Size Analysis, 2018-2028
| REPORT ID: BKR630 | Domain: Chemicals | Published Date: April 2018 | Format: PDF |
The global alpha olefins market size is estimated to be valued at USD 9,163 million in 2018 and will register a CAGR of 4.2% to create revenue opportunity of USD 4,982 million over the forecast period.
It is primarily manufactured by catalytic oligomerization of ethylene. The alpha-olefins market has witnessed a series of developments post 2010. Raw material prices has skyrocketed in 2010 before stabilizing in mid of 2013. Since then, leading companies including Ineos, Chevron Phillips, and Shell in order to minimize operational cost, are focusing on business expansion in developing regions. Demand has continued to grow in the first half of 2017 and the trend is likely to be for next two to three years a phased stagnant growth.
Global Alpha Olefins Market Drivers and Challenges
Regulatory compliances is expected to play a key role in overall development and sales of alpha olefin globally. REACH and the U.S. EPA recognize it as nontoxic chemical to human population and thus alternative products have lower chances to penetrate.
Demand for the product is expected to be stable owing to its consistent demand from LLDPE application. As per the estimates, LLDPE accounted for over 41% of total alpha olefins market share. Furthermore, its increasing usage in plasticizers and lubricants will ensure profitability margin over longer period of time. Sluggish demand for oil has had its effect on overall alpha olefins industry – however – was short term in nature and will witness healthy growth between 2018 and 2028.
Global Alpha Olefins Market Analysis, By Product Type
Globally, 1-Hexane is expected to dominate the global alpha olefins market size throughout the forecast period. It is widely used in production of hexyl mercaptans, oxo alcohols, and synthetic fatty acids.
Among product type, 1-Octene is expected to register fastest growth of 8.2% between 2018 and 2028. It will grow by 2.5X to reach USD 1,058 million by 2028. This translates to 476 basis points increase in its value.
Global Alpha Olefins Market Size and Forecast: Regional Analysis
Exhibit 1:
Globally, North America will dominate the alpha olefins market size. It is estimated to be valued over 3,500 million in 2018, register a moderate CAGR of 4.3%. In terms of volume consumption, its CAGR will be 2.9% over the forecast period. The region is characterized by the presence of large number of industry players operational in alpha olefins production along good distribution channel for sales presence in the region. The region is not only major consumer and producer, but also leads the global industry in terms of exports. Over 30% of global exports is done through North America.
Shell Chemical Company and Chevron Phillips Chemical Company LP dominates the U.S. alpha olefins market size. The company is actively engaged in increasing production capacity to meet the global demand. The company completed a low viscosity polyalphaolefins plant capacity expansion at its Cedar Bayou plant in Baytown, Texas by 20 percent. Another major company, Shell – is undertaking major expansion project to its Geismar Chemical plant. This 425 metric Mtpy capacity increase will make Shell’s Geismar site to be world’s largest producer of alpha olefins.
Western Europe is the next promising region for the industry players. Much of the consumption will take place in France, Germany and UK. Shell Chemicals UK Limited, INEOS Oligomers, and Dow Chemical are the leading producers in the region. Sasol Italy S.p.A is also witnessing rise in its market share in the region.
Asia Pacific will register highest growth of 6.5% in net alpha olefins consumption during the forecast period, 2018-2028. It will grow by 2X to witness 391 basis points increase in its market revenue. China, India and Japan to account for majority of the regional alpha olefins market share. Idemitsu Kosan Company is one of the leading producer in the region having its plant located at Chiba, Japan. Sinopec Beijing Yanhua Petrochemical Co. and ONGC Petroadditions Ltd. are prominent player in China and India respectively.
Africa alpha olefins market value is next to Asia Pacific in terms of consumption. However, it ranks higher in terms of export. Much of the demand is in Nigeria and South Africa having production capacity located at South Africa. Sasol Chemical Industries dominate the Africa market in terms of consumption. Over 90% of the company segment revenue is generated from hexane-1 and octane-1.
Latin America is primarily dependent on import from North America and Africa. Brazil dominates the Latin America alpha olefins market size.
Global Alpha Olefins Market Size and Forecast: Competition Landscape
Some of the key alpha olefins market industry players are INEOS, Shell Chemical Company, Beijing Yanhua Petrochemical Co., ONGC Petroadditions Ltd., Chevron Phillips Chemical Company, Idemitsu Kosan Company, Sasol Chemical Industries, Qatar Chemical Company, Nizhnekamskneftekhim, Jubail United Petrochemical Company, Gurevesky, Dow Chemicals, and PetroRabigh.
Alpha Olefins Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Alpha Olefins Market Value
- Overall Market Forecast
- Alpha Olefins Growth Outlook, By Segments
- Alpha Olefins Growth Scenario, by Region
- The Alpha Olefins Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Alpha Olefins Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Alpha Olefins Market Pricing Analysis
- Alpha Olefins Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Alpha Olefins Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Alpha Olefins Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Alpha Olefins Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Alpha Olefins Industry Size and Forecast, By Segments
- By Product type
- 1-Hexene
- 1-Butene
- 1-Octane
- 1-Decene
- 1-Dodecene
- Others
- By Applications
- Polyethylene
- Detergent Alcohol
- Synthetic Lubricant
- Others
- By Product type
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Alpha Olefins Market, By Segments (As mentioned in section 10 of TOC)
- S. Alpha Olefins Market Size and Forecast, By Segments
- Canada Alpha Olefins Market Size and Forecast, By Segments
- Latin America Alpha Olefins Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Alpha Olefins Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Alpha Olefins Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Alpha Olefins industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Alpha Olefins Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Alpha Olefins Market, By Segments (As mentioned in section 10 of TOC)
- Germany Alpha Olefins Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Alpha Olefins industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Alpha Olefins Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Alpha Olefins Market, By Segments (As mentioned in section 10 of Alpha Olefins Market TOC)
- Russia Alpha Olefins Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Alpha Olefins industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Alpha Olefins Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Alpha Olefins Market, By Segments (As mentioned in section 10 of TOC)
- Japan Alpha Olefins Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Alpha Olefins industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Alpha Olefins Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Alpha Olefins Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Alpha Olefins Market, By Segments (As mentioned in section 10 of TOC)
- GCC Alpha Olefins Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Alpha Olefins industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Alpha Olefins Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Alpha Olefins Industry Size and Forecast, (2017-2027)
- Africa Alpha Olefins Industry Share (%)
- Africa Alpha Olefins Industry Growth Forecast (%)
- South Africa Alpha Olefins Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Alpha Olefins industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Alpha Olefins Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- INEOS, Shell Chemical Company,
- Beijing Yanhua Petrochemical Co.,
- ONGC Petroadditions Ltd.,
- Chevron Phillips Chemical Company,
- Idemitsu Kosan Company,
- Sasol Chemical Industries,
- Qatar Chemical Company,
- Nizhnekamskneftekhim,
- Jubail United Petrochemical Company,
- Gurevesky, Dow Chemicals,
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Alpha Olefins industry TOC and sample research pages, download sample.
What Will You Discover in the Report?
- An in-depth analysis of the Alpha Olefins market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Alpha Olefins market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Alpha Olefins market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Alpha Olefins industry during the forecast period
- Who are the Alpha Olefins industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Alpha Olefins Industry Suppliers
- Alpha Olefins Industry Manufacturers
- Consultants and Analysts
- Researchers
- Healthcare Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Alpha Olefins market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Alpha Olefins Market Report Structure
Alpha Olefins Industry Dynamics
This section enables Alpha Olefins industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Alpha Olefins market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Alpha Olefins industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Alpha Olefins Industry Trends
- Alpha Olefins Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Alpha Olefins Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Alpha Olefins industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Alpha Olefins industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Alpha Olefins market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Alpha Olefins Market Size
- S.
- Canada
Latin America Alpha Olefins Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Alpha Olefins Market value analyzed across each Latin America country)
Western Europe Alpha Olefins Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Alpha Olefins Market value analyzed across each Western Europe country)
Central and Eastern Europe Alpha Olefins Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Alpha Olefins Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Alpha Olefins Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Alpha Olefins Market value analyzed across each Asia Pacific country)
Middle East Alpha Olefins Industry Size
- GCC
- Israel
- Rest of Middle East
(*Alpha Olefins Market value analyzed across each Middle East country)
Africa Alpha Olefins Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Alpha Olefins Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Alpha Olefins Market Growth Forecasting Methodology
In order to prepare historical data and analyze Alpha Olefins market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Alpha Olefins market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Alpha Olefins industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Alpha Olefins industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Alpha Olefins Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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