Alpha Olefin Market Production Analysis by Size, Share & Demand to
2034
The Alpha Olefins Market value is expected to rise from US$ 7.6 billion in
2024 to US$ 13.5 billion by 2034. The market is expected to grow at a CAGR
of 5.90% over the next decade.
Sales of alpha olefins are predicted to surge on account of the growing demand
for polyethylene, which is used in multiple applications like industrial
processes, packaging, consumer goods, and others.
Product developers with cost and design targets opt for alpha olefin sulfonates
(AOS) based formulations as they can be adjusted to function well with
common secondary ingredients. Some categories where AOS-based
formulations are used are mass, economy, luxury, and premium.
Market leaders are expected to continuously expand their production capacity of
alpha olefins to meet the rising demand for various everyday consumer
products, as well as market balance and product prices.
Get an overview of market drivers and challenges affecting this
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Key Takeaways from the Alpha Olefins Market Report

The alpha olefins market grew at a CAGR of 7.6% during the historical
period. Over the forecast period, the CAGR is predicted to be 5.9%
through 2034.

In the United States, the market is estimated to generate revenue
worth US$ 2.4 billion by 2034.

In the United Kingdom, the market is projected to expand at a CAGR of
7.1% through 2034, reaching a valuation of US$ 545.3 million by the end
of the forecast period.

China's alpha olefins industry is assessed to register a CAGR of 6.7%
through 2034 to attain a net worth of US$ 2.1 billion by 2034.

South Korea is predicted to be a highly promising market for alpha
olefins, expanding at a CAGR of 8% through 2034.

From 2024 to 2034, Japan is anticipated to attain a market valuation
of US$ 1.5 billion by 2034.

The 1-octene segment is predicted to register a CAGR of 5.7% through
2034.

The synthetic lubricants segment is anticipated to record a CAGR of
5.5% through 2034.
Competitive Landscape
Key players are investing in building a strong brand image via customer
relationship management and effective marketing campaigns to attract more
customers. Additionally, industry players are emphasizing unique product
performance, cost-savings, or environmental advantages of their alpha olefins
than their counterparts to influence buying decisions.
Manufacturers are recognizing the value of integrating technology and
automation to enhance efficiency and reduce costs, making products more
competitive. Additionally, players are increasing their profits and
competitiveness by identifying cost-effective sources of raw materials and
improving logistics management.
Key Manufacturers in Alpha Olefin Market

Huntsman Corporation

Clariant AG

P. Chemicals

Kao Corporation

Zanyu Technology Group Co. Ltd.

Stepan Company

Pilot Chemical Company

Nouryon

Enaspol

Rohit Surfactants Private Limited

Others
Recent Developments in the Alpha Olefins Market

In May 2021, Chevron Phillips Chemical revealed its plans to increase its
alpha olefins business with a second world-scale unit to manufacture onpurpose 1-hexene. As the demand for high-performance polyethylene
continues to rise in everyday products like packaging for food,
pharmaceuticals, and detergents, among many others, the company is set
to expand to remain a leading supplier of alpha olefins.

In October 2022, Chemanol, a Saudi Arabia-based company, entered an
agreement with Global Company for Downstream Industries (GDI) to
manufacture specialty chemicals, including poly alpha olefins.
Key Segments Covered in the Alpha Olefin Market Report
By Product:

1-Octene

1-Hexene

1-Butene

Others
By Application:

Synthetic Lubricants

Detergent Alcohol

Polyethylene

Others
By Region:

North America

Latin America

Europe

Asia Pacific

Middle East and Africa
About Future Market Insights (FMI)
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profound insights into the driving factors that are boosting demand in the
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