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Global Linear Alpha Olefin Market To Be Driven By Increasing Demand From LLDPE End-Use Industry In The Forecast Period Of 2021-2026
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The new report by Expert Market Research titled, 'Global Linear Alpha Olefin Market Report and Forecast 2021-2026', gives in-depth analysis of the global linear alpha olefin market , assessing the market based on its segments like type, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://bityl.co/CPhB
The key highlights of the report include:
Market Overview (2016-2026):
- Historical Market Size (2020): USD 9.2 Billion
- Forecast CAGR (2021-2026): 4.6%
- Forecast Market Size (2026): USD 12 Billion
The linear alpha olefins market is expected to expand due to rising demand for linear low-density polyethylene (LLDPE), which has a wide range of applications in food packaging, shrink films, automotive, household goods, and agriculture. The poly alpha olefins (PAO) section is commonly used in the manufacture of synthetic lubricants. The synthetic lubricants industry is expected to expand significantly in the forecast era.
Industry Definition and Major Segments
Alkenes with a terminal double bond between the first and second carbon atoms are known as linear alpha olefins. Because of the double bond between the first and second carbon atoms, these olefins can be used in a wide range of applications. Polymers (LLDPE and HPDE), artificial lubricants, synthesized acids, and petroleum chemicals are all made with linear alpha olefins. The development of linear alpha olefins has historically related on ethylene oligomerization and Fischer-Tropsch synthesis.
Explore the full report with the table of contents@ https://bityl.co/CPhC
Based on type, the industry is divided into:
Based on end-uses, the industry is segmented into:
- Detergent Alcohols
Latest Global News on Linear Alpha Olefin Market@ https://bityl.co/CPhH
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Growing demand for poly alpha olefins in the automotive industry and rising demand for polyethylene in the packaging industry are two key factors driving the linear alpha olefin market. The growth in the demand for LLDPE in the packaging and construction industries is expected to drive up the demand for linear alpha olefin. As a result, companies are ramping up development of linear alpha olefin. Furthermore, the easy availability of raw materials is expected to raise linear alpha olefin demand in the near future. Technological advances are occurring in the global linear alpha olefin industry. Companies are still trying to come up with new and improved linear alpha olefins. The linear alpha olefin market is expected to be propelled by the development of new linear alpha olefin manufacturing processes and applications. However, demand growth is expected to be hampered by the enforcement of strict environmental regulations and raw material price volatility. During the forecast era, North America is expected to hold a significant share of the market. Due to increased demand in the region's automotive industry, Asia Pacific is expected to be a rapidly increasing region of the linear alpha olefin market.
Key Market Players
The major players in the market are Shell International BV, Ineos AG, Exxon Mobil Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Company Name: Claight Corporation
Contact Person: Steven Luke, Corporate Sales Specialist – USA
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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