Alpha Olefin Solution (AOS) deliver outstanding detergency, high compatibility with hard water, foaming properties and good wetting. AOS is free of sensitizers ,skin irritants and it biodegrades rapidly. Global Alpha Olefin Solution market was valued, in XXXX USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Alpha Olefin Solution market is growing due to increasing used in an extensive range of chemical applications such as polyethylene, detergent alcohols, and synthetic lubricants among others. Also, growth in production of polyalphaolefin and polyethylene is driving the global alpha olefin solution market. Moreover, alpha olefin solution are significantly used as co-monomers for polyethylene production with linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) registering high growth owing to growing demand from the plastic industry. Furthermore, polyethylene coupled with the growing demand for polyalphaolefin (PAO) in synthetic lubricants is also one of the major drivers for the alpha olefins market. As environmental regulations are becoming more stringent, PAO used as synthetic base oil significantly compensates for these restrictions.
Though, the unstable prices of energy sources and raw materials for manufacturing alpha olefins are expected to hamper the development of the market.
Alpha Olefin Solution market consist of various players, few key players of the market are Mitsubishi Chemical, ExxonMobil Chemical Company, Chevron Phillips Chemical Company LP, Evonik Industries AG, Ineos Oligomers, Linde AG, Nizhnekamskneftekhim, Qatar chemical, Shell Chemical Limited, Godrej Industries Ltd., Saudi Basic Industries Corporation, among others.
The Alpha Olefin Solution market is classified into product, application and region. Based on the product the Alpha Olefin Solution market is bifurcated into segmented into 1-dodecene, 1-decene, 1-hexene, and 1-butene, 1-octene, 1-tetradecene, 1-hexadecene & 1-octadecene. Moreover, on the basis of application the Alpha Olefin Solution market is classified into polyethylene, detergent alcohols, and synthetic lubricants among others.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa. In the forecast period North America and Europe are expected to hold most of the global alpha olefin solution market share.
Market segmented based on medium of product type:
Market segmented based on medium of application:
• Synthetic Alcohol
• Synthetic Lubricants
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA