In 2015, the global 1-decene market was worth USD 850 millions. The industry will see a rise in demand for synthetic lubricants due to increased capacity expansions by key industry participants and a focus on alpha olefins made from bio-based materials. Poly alpha olefins have seen a rise in demand due to their superior lubrication and less engine wear. The oligomerization and synthesis of linear alpha-olefins produces polyalphaolefin. C-10 is the preferred HTML3_ alpha oil for PAO production. The key driver of the 1-decene market is expected to be increasing PAO demand for engine/gear oils, greases and other lubricants.
U.S. 1-decene Market Revenue by Application, 2014-2025 (USD Million).
The boom in, especially in China and the U.S., has given new hope to petrochemical manufacturers and has driven ethylene production which is an essential raw material needed for 1-decene. These regions are expected to have a positive impact on product demand.
1-Decene can be obtained by oligomerization ethylene. It cannot be obtained through any other production process, such as 1-hexene and 1-octene. This has resulted in a limited supply of C-10 for PAO production.
The market is short-supplied with PAO, leaving synthetic lubricant producers no other choice than to search for alternative raw materials. Ester-based synthetic oils have been growing in popularity and will likely impact 1-decene's market growth during the forecast period.
Global industry has always been sensitive to economic conditions and supply demand. The 1-decene market prices are usually based on the cost plus pricing method. Raw material prices play an important role in this process. Ethylene prices fluctuated in the past. The same trend can also be seen for alpha olefins prices.
The poly alpha olefin segment will gain popularity over the forecast period. The market has been driven by increasing demand for PAO in synthetic lubricant production. This trend is expected to continue for the forecast period. PAO will be the fastest-growing and largest application segment.
Detergent alcohols, and their derivatives, are the key raw materials for making surfactants for laundry and dishwashing. This segment is expected to grow at a higher rate than average over the forecast period.
Due to the increasing production of synthetic lubricants and PAO, the Asia Pacific region will be the fastest growing region during the forecast period. The availability of raw materials is another factor that has contributed to regional growth. The demand for polyethylene is expected to rise further in emerging countries like India and China. Over the period 2016-2025, the region is expected to grow at 6.2% CAGR.
Europe was the biggest consumer of 1-decene. It is expected to continue its dominance in the future. The high demand for PAO in the region for synthetic lubricant production can explain the higher demand. North America is closely followed by Europe. Due to its largest oil production country, the United States has contributed significantly to the region's higher penetration.
ExxonMobil Corp. and Shell Chemicals have fueled 1-decene market demand in North America.
Shell Chemicals and Chevron Phillips are major players in alpha olefin production. Few multinational companies have their own patented technology and the 1-decene market is concentrated in these few players. Shell Chemicals holds 75% of this market, with three other companies being the dominant players.
Major industry players have demonstrated a high degree of integration in the market. Shell Chemicals and Chevron Phillips are just a few of the key players that have successfully integrated their operations throughout the value chain, from production and delivery of raw materials to final-use products.
b. Global 1-decene market was valued at USD 1.01 Billion in 2019, and is forecast to grow to USD 1.05 Billion by 2020.What is 1-decene market growth
b. Global 1-decene markets are expected to expand at a compound annual rate of 4.2% between 2016 and 2025, to reach USD 1.29 Billion by 2025.Which segment had the largest 1-decene share?
b. Europe was the dominant market for 1-decene in 2019, with 46.8% of the total. This can be attributed to the high demand for PAO in the region for synthetic lubricant production.What are the major players in the 1-decene market
b. Shell Chemicals and Chevron Phillips are some of the key players in the 1-decene industry.What are the driving factors for the 1-decene industry?
b. Market growth is driven by increasing demand for synthetic oils, increased capacity expansions by industry players, and a focus on alpha olefins derived from bio-based materials.
Up Market Research published a new report titled “1-Decene Market research report which is segmented by Application (Poly Alpha Olefin (Poly Alpha Olefin PAO), By Players/Companies Chevron Phillips, INEOS, Shell Chemicals, ExxonMobil, SASOL, Qatar Chemicals”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||1-Decene Market Research Report|
|By Application (Poly Alpha Olefin||Poly Alpha Olefin PAO|
|By Companies||Chevron Phillips, INEOS, Shell Chemicals, ExxonMobil, SASOL, Qatar Chemicals|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||208|
|Number of Tables & Figures||146|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Poly Alpha Olefin (Poly Alpha Olefin PAO).
1-Decene Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the 1-Decene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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