1-Decene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Surfactants, Poly Alpha Olefins, Polyethylene, Detergent Alcohols, Synthetic Lubricants, Others), By Region and Competition

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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1-Decene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Surfactants, Poly Alpha Olefins, Polyethylene, Detergent Alcohols, Synthetic Lubricants, Others), By Region and Competition

Forecast Period2024-2028
Market Size (2022)USD 954.27 million
CAGR (2023-2028)5.22%
Fastest Growing SegmentPoly Alpha Olefins
Largest MarketAsia Pacific
MIR Bulk Chemicals and Inorganics

Market Overview

Key Market Drivers

Rising Demand of 1-Decene in Surfactants Application

Increasing Demand of 1-Decene in Synthetic Lubricants Application

MIR Segment1

Rising Demand of 1-Decene in Polyethylene Applications

Key Market Challenges

Supply Chain Vulnerabilities and Price Volatility Poses a Significant Obstacle to Market Expansion

Competition from Alternative Feedstocks

MIR Regional

Key Market Trends

Growing Application in Surfactants and Detergents

Focus on Sustainable Practices

Technological Advancements in Production

Segmental Insights

Application Insights

Regional Insights

North America emerged as the dominant player in the global 1-Decene market in 2022. North America boasts the most extensive industrial presence across sectors including oil and gas, petrochemicals, packaging, electronics, automotive, pulp and paper, paints, and coatings, as well as pharmaceuticals. This region holds considerable growth prospects, thanks to the accessibility of cost-effective raw materials and advancements in shale gas exploration. Within North America, the United States takes the lead as both a prominent producer and consumer in the global 1-Decene market. The upsurge in demand for derivatives from diverse industries such as automotive, packaging, and more is propelling the growth of the 1-Decene market in the United States. Furthermore, the substantial presence of key industry players like ExxonMobil Corp., Shell Chemicals, Chevron Phillips Chemical Company LP, and INEOS Oligomers, who possess patented technologies for alpha olefin production, has propelled the demand for 1-decene in North America.

Recent Developments

  • In May 2023, ExxonMobil completed the expansion of its refinery in Beaumont, Texas, adding 250,000 bbl/day of crude processing capacity. The expansion project raised the total processing capacity of the refinery to more than 630,000 bbl/day, making it one of the largest refineries in the US.
  • In June 2022, INEOS Oligomers started the world’s largest single train Low Viscosity Poly alpha olefin (LV PAO) plant at its Chocolate Bayou facility in Texas.
  • In May 2022, Shell expanded its alpha olefins’ capabilities in Geismar by receiving a roughly USD17 MM property tax break for the linear alpha olefins project while paying nearly USD4.3 MM in taxes.
  • In March 2022, ExxonMobil started construction of ExxonMobil’s new linear alpha olefins (LAO) plant at its Baytown, TX, and is expected to commercialize the start up by next year.

Key Market Players

  • Chevron Phillips Chemical Company
  • Exxon Mobil Corporation
  • Ineos Group Limited
  • Idemitsu Kosan Co.,Ltd
  • Shell plc
  • PJSC Nizhnekamskneftekhim
  • Saudi Arabia's Basic Industries Corporation
  • Qatar Chemical Company Ltd.
  • Sasol Limited
  • Merck KGaA

By Application

 By Region
  • Surfactants
  • Polyethylene
  • Detergent Alcohols
  • Synthetic Lubricants
  • Others
  • Asia Pacific
  • Europe
  • North America
  • South America
  • Middle East & Africa

Table of Content

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List Tables Figures

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