Alpha Olefin Market Growth & Trends

The global alpha olefin market size is expected to reach USD 14.63 billion by 2030, registering a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for polyethylene and synthetic lubricants is driving demand for these products.

Increasing polyethylene demand from various end-use industries is expected to remain a key driving factor for the global market. Surge in demand can be attributed to its easy processability, versatility, recyclability, and low cost of production. Growing population and increasing consumer spending, coupled with increasing industrial output in emerging markets of China, India, Brazil, and Mexico, have fueled polyethylene consumption.

Gather more insights about the market drivers, restrains and growth of the Global Alpha Olefin Market

Growing demand for polyalphaolefin in synthetic lubricants, because of its ability to protect engines from wear and tear damages, is also expected to fuel market growth over the forecast period. Synthetic lubricants exhibit high demand owing to increasing usage in industrial, automotive, marine, and aerospace industries. These lubricants are gaining wide acceptance due to its benefits such as reduction in oil consumption and increased thermal stability.

Increasing oilfield activities and petrochemical production in Middle East have propelled ethylene production, thereby assisting the growth of the alpha olefin market in the region. Major manufacturers are also aiming to shift their production base in MEA, owing to the abundant availability of raw material.

Alpha Olefin Market Report Highlights

• By product, the 1-Hexene segment is anticipated to exhibit a revenue-based CAGR of 5.8% from 2024 to 2030. It is used in large quantities in the production of polyethylene, which is used in various end-use industries such as packaging, consumer goods, and automotive
• By application, polyethylene production dominated the market in terms of revenue, with a share of over 55% in 2023 owing to growing need for lightweight, durable plastics. Infrastructural development in emerging countries such as China, India, and Brazil has boosted demand for high-density polyethylene (HDPE) pipes and cables
• Industry participants are focusing on developing new and sustainable products, along with various R&D activities to fulfill the demand stemming from local markets

Browse through Grand View Research's Organic Chemicals Industry Research Reports.

• India Hot Melt Adhesives Market Size, Share & Trends Analysis Report By Product (Ethylene-Vinyl Acetate (EVA), Polyurethane (PUR), Rubber, Polyolefin), By Application, And Segment Forecasts, 2024 - 2030
• Spray Foam Market Size, Share & Trends Analysis Report By Product (Open Cell, Closed Cell), By Density (High, Low, Medium), By Application (Construction, Packaging), By Region, And Segment Forecasts, 2024 - 2030

Alpha Olefin Market Segmentation

Grand View Research has segmented the global alpha olefin market report based on product, application, and region

Alpha Olefin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 1-Butene
• 1-Hexene
• 1-Octene
• 1-Decene
• 1-Dodecene
• Others

Alpha Olefin Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyethylene
• Detergent Alcohol
• Synthetic Lubricant
• Others

Alpha Olefin Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa

Order a free sample PDF of the Alpha Olefin Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

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