Alpha Olefins Market Research Report Information By Type (1-Butene, 1-Hexene, 1-Octene, 1-Decene and Others), By Application (Polyolefin Comonomer, Plasticizer, Lubricant, Surfactant, Drilling Machinery Fuel, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

Global Alpha Olefins Market Overview

Alpha Olefins Market Size was valued at USD 9.1 Billion in 2022. The alpha olefins industry is projected to grow from USD 9.646 Billion in 2023 to USD 15.374 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). Its ability to produce stable foams in diluted cleaning solutions, hard water, and at low temperatures is its main advantage are the key market driver enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Alpha Olefins Market Trends

• 
  

  The quick biodegradability quality of alpha olefins is driving the market growth

  
  

Market CAGR for the alpha olefins market is being driven by Anionic surfactants, which are highly prized for their foaming ability, and are one of the typical groups of surfactants found in a variety of cleaning products. The two anionic surfactants most frequently used in detergents today are the salts of dodecylbenzene sulfonic acid and ethoxylated sodium lauryl sulfate.

An anionic surfactant called alpha olefin sulfonate has been successfully employed in laundry and personal care products for many years, but other inexpensive products have gradually taken their place.

Alpha olefin sulfonate's ability to produce stable foams in diluted cleaning solutions, hard water, and at low temperatures is its main advantage over other cleaning ingredients. Furthermore, it has quick biodegradability, is effective in both detergents and cosmetics, has good compatibility with the skin, and is highly soluble in water. In particular, dishwashers, laundry detergents, automotive cleaners, or bath gels are suitable for liquid or powder detergents and personal hygiene products.

Sodium C14-16 olefin sulfonate, a detergent, wetting agent, and emulsifier, is the most popular alpha olefin sulfonate substance used in personal care products. When used properly, sodium C14-16 olefin sulfonate imparts viscosity, a foaming profile that consumers find acceptable, and quick flash foam that creates a stable lather, among other advantages.

Detergents and soaps contain surfactants, which combine with water and cling to dirt on clothing and other surfaces that need to be cleaned. This eases surface tension and cleans the surface in question.

The most popular soap product in the United States in terms of unit sales in 2021 was liquid body wash. In the United States, multi-outlet sales of liquid body wash products in 2021 were estimated to be 624 million units. Additionally, liquid hand soap and hand sanitizer, which sold about 402 million units and 254 million units, respectively, in 2021, came after it. During the forecast period, this is anticipated to aid in the market's steady growth. The market is anticipated to expand during the forecast period due to all the factors above. Thus, driving the alpha olefins market revenue.

Alpha Olefins Market Segment Insights

Alpha Olefins Type Insights

The alpha olefins market segmentation, based on type, includes 1-butene, 1-hexene, 1-octene, 1-decene and others. The 1-hexene segment dominated the market; It is anticipated that the segment growth will be aided by an increase in the use of 1-hexene as a common monomer in the production of HDPE and LLDPE polymers. The 1-hexene market is anticipated to experience further growth due to rising demand for polyethylene as a result of expanding consumer goods and automotive markets in emerging nations like China, India, and Brazil. Additionally, it is a synthetic lubricant additive, which is anticipated to accelerate market growth further. The production of detergent alcohols using 1-dodecane will increase demand from commercial and household cleaners and its growing use in the personal care sector. However, 1-dodecane is expected to be replaced by alkyl aromatics and bio-based detergent alcohols as the consumption of these substances rises.

Figure 1: Alpha Olefins Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Alpha Olefins Application Insights

Based on application, the alpha olefins market segmentation includes polyolefin comonomers, plasticizers, lubricants, surfactants, drilling machinery fuel, and others. The plasticizer category generated the most income. A plasticizer's main job is to make rigid plastics and polymers more flexible and supple. Plasticizers are included in polymer formulations to increase their processability, making them simpler to extrude, mold, and shape. They assist in lowering the polymer's Tg, or glass transition temperature, making it more malleable and malleable.

Plasticizers increase the plastics' flexibility and elasticity by lowering intermolecular forces and increasing chain mobility within the polymer matrix. This characteristic is particularly important for applications requiring flexibility, such as in PVC (polyvinyl chloride) products like cables, flooring, and inflatable structures.

Alpha Olefins Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American alpha olefins market will dominate this market; the boom in shale gas production in the U.S. has fueled the region's ethylene production, which in turn has fueled alpha-olefin production. The alpha olefin market is anticipated to be further stimulated by increased oil exploration in the Gulf of Mexico. Alpha olefin production is anticipated to rise along with Canada's rising crude oil output.

Further, the major countries studied in the market report are The US, Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: ALPHA OLEFINS MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s alpha olefins market accounts for the second-largest market share. The region presents a sizable market opportunity for alpha olefins due to its extensive and varied industrial base. The construction of petrochemical, gas, and oil infrastructure in the area. Further, the German alpha olefins market held the largest market share, and the U.K. alpha olefins market was the fastest-growing market in the European region.

The Asia-Pacific Alpha Olefins Market is expected to grow at the fastest CAGR from 2023 to 2032. Demand for polyethylene products is anticipated to rise due to the rapid urbanization and industrialization in China and India's emerging economies. Various government incentives and favorable regulatory environments in China, India, Malaysia, and Indonesia have fueled the expansion of the manufacturing sector in the Asia Pacific. The substance is widely used in plasticizers, synthetic lubricants, detergent alcohols, and polyethylene. Additionally anticipated to fuel the regional market during the forecast period is an increase in the production of these products in the Asia Pacific region. Moreover, China’s alpha olefins market held the largest market share, and the Indian alpha olefins market was the fastest-growing market in the Asia-Pacific region.

Alpha Olefins Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the alpha olefins market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the alpha olefins industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the alpha olefins industry to benefit clients and increase the market sector. The alpha olefins industry has offered some of the most significant advantages in recent years. Major players in the alpha olefins market, including Chevron Phillips Chemical Company (U.S.), SABIC (Saudi Arabia), Qatar Chemical Company Ltd. (Qatar), Royal Dutch Shell (the Netherlands), Evonik Industries AG (Germany), Sasol Limited (South Africa), Ineos Group Limited (U.K.), The Dow Chemical Company (U.S.), Idemitsu Kosan Co. Ltd. (Japan) and others, are attempting to increase market demand by investing in research and development operations.

Royal Dutch Shell (Netherlands), They have over 90,000 employees across more than 70 countries, Royal Dutch Shell I is a multinational group of energy and petrochemical companies. We use cutting-edge technologies and adopt creative strategies to contribute to developing a sustainable energy future. Shell is a multinational conglomerate of energy and petrochemical firms with the mission of providing the world's expanding demand for more and cleaner energy sources in ethically sound ways from an economic, environmental, and social perspective. Honesty, integrity, and respect for people are shared core values at Shell that guide all of our work. All Shell employees are guided by the company's general business principles, code of conduct, and ethics and compliance manual as they act following these ideals and adhere to all applicable legal and regulatory requirements.

Dow Chemical Company (U.S.), The mission of Dow Chemical International Private Limited (Dow India) is to be the world's most cutting-edge, environmentally friendly, inclusive, and customer-focused materials science company. Dow Chemical Company are dedicated to providing the best answers to your challenges. Delivering differentiated science-based products and solutions for our customers in high-growth industries like packaging, infrastructure, and consumer care, they have one of the broadest technology portfolios spanning performance materials, industrial intermediates, and plastics. With six locations nationwide, we are a Great Place to Work® certified company that employs over 1000 people. One commercial office, three centers of excellence, and three manufacturing facilities are among them.

Key Companies in the alpha olefins market include

• 
  

  Chevron Phillips Chemical Company (U.S.)

  
  


• 
  

  SABIC (Saudi Arabia)

  
  


• 
  

  Qatar Chemical Company Ltd. (Qatar)

  
  


• 
  

  Royal Dutch Shell (the Netherlands)

  
  


• 
  

  Evonik Industries AG (Germany)

  
  


• 
  

  Sasol Limited (South Africa)

  
  


• 
  

  Ineos Group Limited (U.K.)

  
  


• 
  

  The Dow Chemical Company (U.S.)

  
  


• 
  

  Idemitsu Kosan Co. Ltd. (Japan)

  
  

Alpha Olefins Industry Developments

December 2022: Overwrap film made with Marlex® AnewTM Circular Polyethylene from Chevron Phillips Chemical (CPChem) is on its way to U.S. store shelves, according to a joint announcement from CPChem and Charter Next Generation (CNG). Flexible and effective overwrap films help preserve food, safeguard medical equipment and provide light and durable product packaging. The production of polyethylene primarily uses alpha olefins.

January 2022: The state Board of Commerce and Industry blessed Shell Chemical's USD 1.4 billion projects, which, according to the company, will build a "world scale" linear alpha olefin plant at the Geismar facility. Detergents, waxes, plastics, and high-quality lubricants are all made with linear alpha olefins.

Alpha Olefins Market Segmentation

Alpha Olefins Type Outlook

• 
  

  1-Butene

  
  


• 
  

  1-Hexene

  
  


• 
  

  1-Octene

  
  


• 
  

  1-Decene

  
  


• 
  

  Others

  
  

Alpha Olefins Application Outlook

• 
  

  Polyolefin Comonomer

  
  


• 
  

  Plasticizer

  
  


• 
  

  Lubricant

  
  


• 
  

  Surfactant

  
  


• 
  

  Drilling Machinery Fuel

  
  


• 
  

  Others

  
  

Alpha Olefins Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

 

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 9.1 Billion
Market Size 2023	USD 9.646 Billion
Market Size 2032	USD 15.374 Billion
Compound Annual Growth Rate (CAGR)	6.00% (2023-2032)
Base Year	2022
Market Forecast Period	2023-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Applications, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Chevron Phillips Chemical Company (U.S.), SABIC (Saudi Arabia), Qatar Chemical Company Ltd. (Qatar), Royal Dutch Shell (the Netherlands), Evonik Industries AG (Germany), Sasol Limited (South Africa), Ineos Group Limited (U.K.), The Dow Chemical Company (U.S.), Idemitsu Kosan Co. Ltd. (Japan)
Key Market Opportunities	Its ability to produce stable foams in diluted cleaning solutions, hard water, and at low temperatures is its main advantage
Key Market Dynamics	It has quick biodegradability and is effective in both detergents and cosmetics

Frequently Asked Questions (FAQ) :