According to FMI, the global Linear Alpha Olefin market would be worth $9,511.4 Mn by 2022. Linear Alpha Olefin sales are predicted to grow at a CAGR of 4.8% and reach a valuation of US$ 15,246.4 Mn by 2032. Increasing demand for lubricants, detergent alcohols, polyethylene, and other products is predicted to boost demand for linear alpha olefin throughout the forecast period. Linear Alpha olefins are unsaturated hydrocarbons which are used to manufacture products like synthetic acids, synthetic lubricants, polymers (LLDPE, HPDE), oilfield chemicals, detergent intermediates and additives. Linear Alpha Olefins are industrially important alkenes with the chemical formula CXH2X. These are unbranched alkenes in which the first carbon atom of the chain has a double bond. The double bond between the first and second carbon of the chain determines the alkene’s chemical properties and makes it useful for a number of applications such as all reactions of an olefin which include polymerization, addition metathesis, etc. Linear Alpha Olefins are manufactured mostly through oligomerisation of ethylene or through Fischer-Tropsch synthesis. This is followed by purification of Linear Alpha Olefin. Linear Alpha olefins are extremely versatile and have applications in the manufacturing of a number of important chemical products such as alkenyl succinic anhydrides, drag reducing agents, Poly Alpha Olefins, lubricants, oilfield chemicals, Alkylbenzenes, fuel additives, plasticizers, detergent alcohols, low density polyethylene (LDPE)and High density polyethylene (HDPE). Linear Alpha Olefins are used as co-monomers in the production of plastics such as polyethylene and polypropylene. Among Linear Alpha-Olefin, 1Hexene has unique properties and is used in various applications. For example, it is used as a co-monomer during the manufacturing of polyethylene, production of aldehydes and fatty acids for plasticizers. Linear Alpha-Olefin Market: Market Dynamics On the basis of value and volume, 1-Hexene holds a major market share of the overall Linear alpha olefin market. Growing demand for Poly-AlphaOlefins which is used in synthetic lubricants used in automobile engines and increased demand for polyethylene which is used in the packaging industry will continue to drive the Linear Alpha-Olefin market during the forecast period. Increasing demand from various industries for LLDPE, which is used as packaging material, is also contributing towards the growth of the Linear-Alpha Olefins market. Easy availability of raw materials for alpha olefin production is
Linear Alpha Olefin Market Size & Forecast to 2032: Present Scenario and Growth Prospects
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