Global 1-Decene Market Overview 2023-2028
1-Decene is a crucial chemical compound in the petrochemical industry that is an unsaturated hydrocarbon and belongs to the family of linear alpha-olefins (LAOs). It is a versatile raw material and serves as a key intermediate in the manufacture of high-performance materials, such as linear low-density polyethylene (LLDPE), alkylbenzenes for detergents, and other specialty chemicals. As it is used as a building block in the production of various downstream products, such as polyalphaolefins (PAOs), the demand for 1-Decene is increasing across the globe.
The global 1-decene market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Global 1-Decene Market Trends and Drivers:
At present, the rising demand for high-performance lubricants represents one of the primary factors strengthening the market growth. Apart from this, the increasing adoption of 1-Decene in the production of environmentally friendly and bio-based products is bolstering the growth of the market. Moreover, the rising demand for linear low-density polyethylene (LLDPE) in the packaging and plastics industries, as it offers enhanced mechanical strength and flexibility, is offering a lucrative growth opportunity to industry players. In line with this, the increasing utilization of 1-Decene for the production of alkylbenzenes that is used in the detergent industry is supporting the growth of the market. Besides this, the rising demand for eco-friendly and efficient cleaning solutions among individuals is contributing to the growth of the market.
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Global 1-Decene Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Alfa Aesar (Thermo Fisher Scientific), Angene Chemical Private Limited, Chevron Phillips Chemical Company LLC, Gelest Inc. (Mitsubishi Chemical Corporation), Idemitsu Kosan Company Ltd., Ineos Group Ltd, Merck KGaA, PJSC Nizhnekamskneftekhim, Saudi Basic Industries Corporation and Spectrum Laboratory Products Inc.
The report segmented the market on the basis of region, derivative, grade and application.
Breakup by Derivative:
- Polyalphaolefins
- Oxo Alcohols
- Linear Alkyl Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
- Others
Breakup by Grade:
- Bio-Based
- Synthetic
Breakup by Application:
- Surfactants
- Plasticizers
- Synthetic Lubricants
- Polyethylene
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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