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Oct 10, 2019 10:00 PM ET

Alpha Olefin Industry Outlook, Comprehensive Insights By Key Players- ExxonMobil and Petrochemicals (Malaysia) Sdn. Bhd., Chevron Phillips Chemicals LL and Others




iCrowd Newswire - Oct 10, 2019

The Alpha Olefin Market is expected to grow at a CAGR of 4.21% to reach USD 11.69 billion by 2025.

Alpha olefin (chemical formula CXH2X) is an unsaturated hydrocarbon, used to manufacture synthetic lubricants, synthetic acids, LLDPE & HPDE polymers, detergent intermediates, oilfield chemicals, and additives. This chemical is majorly manufactured through ethylene oligomerization or through Fischer-Tropsch synthesis. The market growth is majorly attributed to the increasing demand for polyalphaolefins in synthetic lubricants due to its ability to protect the engine from wear and tear damage.

The demand for synthetic lubricants is increasing in the industrial, marine, automotive, and aerospace sectors. These lubricants are widely accepted due to benefits such as reduced oil consumption and improved thermal stability. On the flip side, advancement in nanoparticle along with the presence of substitutes such as tungsten disulfide hamper the industry growth. Furthermore, the product demand is anticipated to dampened by high prices due to increased raw material costs.

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The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

MARKET, BY APPLICATION

MARKET, BY REGION



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Keywords:    Alpha Olefin Market Key Manufacturers, Alpha Olefin Market Players, Alpha Olefin Market Size, Alpha Olefin Market Size, Alpha Olefin Market Trends

Tags:    Extended Distribution, Research Newswire, English