Linear Alpha Olefins Market in lubricant application to witness 3% CAGR till 2024

Linear Alpha Olefins Market in lubricant application is expected to witness growth at a remarkable pace in the forecast period. Increasing demand for PAO derived from LAO to produce synthetic lubricants should propagate linear alpha olefins market. These lubricants offer excellent balance of viscosity, pour point and oxidative stability reducing wear & tear while enhancing performance. Growth in automotive demand and production owing to rise in disposable income should propel product demand.

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For the record, linear alpha olefins are utilized as co-monomers to manufacture polypropylene and polyethylene, out of which the burgeoning demand for linear low-density polyethylene is attributed to its wide-ranging applications in household products, food packaging, automotive, agriculture and shrink films. Apparently, the aforementioned instances coupled with the technological advancements in oil and gas extraction and drilling in U.S. are evidence enough to state the astounding growth prospects of linear alpha olefins market in North American region over the estimated time frame.

Stringent regulations pertaining to emission reduction in automotive industry forces engine to run hot pertaining to its design. PAO based synthetic lubricants containing 1-Decene as building block helps cooling off the engine which might propel linear alpha olefins market. Strict regulatory regimes on polyethylene usage along with presence of alternatives such as astungsten disulphide and development in nanoparticle based lubricants might hinder industry growth.

Europe linear alpha olefins market led by France, Italy and Germany should grow at over 3.5% during foreseeable timeframe. This growth can be attributed to widely prevalent automotive OEM industries along with strict environment protection laws for emission control in the region.

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China linear alpha olefins market will surpass USD 1.5 billion by 2024 pertaining to growing demand for polymer and plastic based products in electronics, electrical and other end-use industry. Supportive government policies towards use and production of polyethylene based products should drive regional industry growth.

Global linear alpha olefins market share is moderately fragmented with market participants including Shell, Sasol, Exxon Mobil, Chevron Phillips and INEOS. These players focus on strategic alliances, mergers and acquisitions to expand their production capacity along with regional presence.

Major Point From Table Of Content:

Chapter 5. Linear alpha olefins Market, By Application

5.1. Global linear alpha olefins market share by application, 2016 & 2024

5.2. LLDPE

5.2.1.   Market estimates and forecast, 2013-2024

5.2.2.   Market estimates and forecast, by region, 2013-2024

5.3. HDPE

5.3.1.   Market estimates and forecast, 2013-2024

5.3.2.   Market estimates and forecast, by region, 2013-2024

5.4. Poly alpha olefins (PAO)

5.4.1.   Market estimates and forecast, 2013-2024

5.4.2.   Market estimates and forecast, by region, 2013-2024

5.5. Detergent Alcohols

5.5.1.   Market estimates and forecast, 2013-2024

5.5.2.   Market estimates and forecast, by region, 2013-2024

5.6. Oil Field Chemicals

5.6.1.   Market estimates and forecast, 2013-2024

5.6.2.   Market estimates and forecast, by region, 2013-2024

5.7. Lubricants

5.7.1.   Market estimates and forecast, 2013-2024

5.7.2.   Market estimates and forecast, by region, 2013-2024

5.8. Plasticizers

5.8.1.   Market estimates and forecast, 2013-2024

5.8.2.   Market estimates and forecast, by region, 2013-2024

5.9. Others

5.9.1.   Market estimates and forecast, 2013-2024

5.9.2.   Market estimates and forecast, by region, 2013-2024

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