Product Code: 70583
The market for 1-decene is expected to grow at a CAGR of over 3% during the forecast period. The major factor driving the growth of the 1-decene market is the increasing demand from the surfactants segment as a chemical intermediate. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.
Key Highlights
- Polyalphaolefin is expected to remain largest due to its increasing applications from the various sectors during the period of forecast.
- Asia-Pacific is expected to be the largest market due to the large-scale production and consumption of the 1-decene products in the region.
Key Market Trends
Polyalphaolefins to be the Largest Segment for 1-Decene Market
- 1-decene is majorly employed in the production of polyalphaolefins (PAO), a type of synthetic lubricant. Polyalphaolefins are significantly utilized in the automotive and manufacturing businesses.
- Moroever, they are also utilized as compressor oil, transmission oil, lube-oil added substance, and gear oil.
- In 2020, it is estimated that the worldwide wind turbine gear oil market volume amount to 41,100 million metric tons.
- By 2023, the global market value of the synthetic lubricants is anticipated to reach a value of USD 37.3 billion.
- All the aforementioned factors are expected to drive the 1-decene market during the forecast period.
Asia-Pacific Region to Dominate 1-Decene Market
- Asia-Pacific region holds a prominent share in the 1-decene market globally and is expected to dominate the market during the forecast timeline.
- In 2019, Malaysia produced approximately 138.5 thousand metric tons of lubricating oil.
- Detergent alcohols and their subordinates are key raw materials utilized for delivering surfactants in clothing and dishwashing applications. In 2020, the Asia-Pacific region is forecasted to add up to USD 8.057 billion in revenue from the dishwashing detergents section.
- The demand for polyethylene from the Asia-Pacific region is expected to be 62 million metric tons in 2022.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Competitive Landscape
The market for 1-decene is consolidated. Some of the players in the market include SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, and Exxon Mobil Corporation.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
- 4.1 Drivers
- 4.1.1 Increasing Demand from Industrial Surfactants as a Chemical Intermediate
- 4.1.2 Rising Demand for Polyalphaolefin
- 4.2 Restraints
- 4.2.1 Outbreak of Covid-19
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
- 4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5 MARKET SEGMENTATION
- 5.1 Derivative
- 5.1.1 Polyalphaolefins
- 5.1.2 Oxo Alcohols
- 5.1.3 Linear Alkyl Benzene
- 5.1.4 Linear Mercaptans
- 5.1.5 Chlorinated Alpha Olefins
- 5.1.6 Others
- 5.2 Application
- 5.2.1 Surfactants
- 5.2.2 Plasticizers
- 5.2.3 Synthetic Lubricants
- 5.2.4 Polyethylene
- 5.2.5 Others
- 5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
- 6.4 Company Profiles
- 6.4.1 Chevron Phillips Chemical Company
- 6.4.2 Exxon Mobil Corporation
- 6.4.3 INEOS
- 6.4.4 Idemitsu Kosan Co.,Ltd
- 6.4.5 LG Chem
- 6.4.6 PJSC Nizhnekamskneftekhim
- 6.4.7 Qatar Petroleum
- 6.4.8 Royal Dutch Shell
- 6.4.9 SEA-LAND CHEMICAL COMPANY
- 6.4.10 SABIC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS