Alpha Olefins Market – Size, Share & Trends Forecast Report 2021-2028 (PDF)

Share This Article

Share on facebook
Share on twitter
Share on linkedin
Share on email

Market Overview

Global Alpha Olefins Market will grow at over 5% in the forecast period (2021-2026).

Due to nationwide lockdowns and strict social distancing measures, and worldwide travel restrictions, the COVID-19 pandemic negatively affected the market. China’s oil demand is the worst affected, with a drop of 1.8 million barrels per hour (mb/d) over the previous year. The second quarter saw a better situation in China, which offsets the decline in demand elsewhere. The second half of 2020 saw a gradual recovery. The global oil demand for 2020 was down by around 90,000. Barrels per day in comparison to 2019. This affected the growth in the alpha olefins industry.

  • The market’s main driver is likely to be the increasing demand for pulp and paper industries in the medium term.
  • However, strict environmental regulations that are non-biodegradable polyethylene have hampered the market growth for alpha-olefins.
  • Asia-Pacific is the largest market and will continue to grow the fastest due to increased consumption from Japan, India, China, and China.

Scope of the Report

Alpha-olefins, a group of organic compounds, are alkenes, also known as olefins, with a chemical composition of CxH2x. They are distinguished by having double bonds at the primary (or alpha) position. The compound’s reactivity is enhanced by the presence of a double bond, making it suitable for many applications. The Alpha olefins market can be segmented according to type, application, region, and geography. The market can be divided into 1-Hexene (1-Octene), 1-Butene, and other types. The market can be divided, by application, into Lubricants and Oil fields Chemicals, Plasticizers, Polyolefin Comonomers, Surfactants, and Other Applications. The report includes forecasts and market size for alpha olefins in 15 countries. The market size and forecasts for each segment were calculated based on revenue (USD million).

Key Market Trends

Surfactants are Increasingly Popular

  • There are many types of surfactants. Anionic surfactants are a common group that is used in cleaning products. They are especially valued for their foaming abilities. Many anionic surfactants can be used in detergents. However, the most common ones are salts of dodecylbenzene sulfuric acid and ethoxylated potassium lauryl.
  • However, new trends have caused a reconsideration of the suitability for these surfactants because of factors like hazardous or difficult handling, biodegradability, compatibility with skin or fabrics, ease in low-temperature washing, or transport costs associated with diluted products. Ingredients from the past century, such as Alpha-Olefin Sulfonate, INCI: Sodium C14-16 Olefin Sulfonate, are again considered for cosmetic and detergency purposes.
  • Alpha Olefin Sulfonate, an anionic surfactant, has been successfully used in laundry and personal care products for many years. However, it was slowly replaced by cheaper products.
  • Alpha Olefin Sulfonate’s main benefits in cleaning products include its ability to form stable foams even in diluted products at low temperatures and in hard water, its good cleaning properties in detergents and cosmetics as well as its fast biodegradability and skin compatibility. This makes it ideal for personal hygiene products and liquid and powder detergents. It can also be used in laundry detergents, car cleaners, shampoo gels, hand dishwashers, and other household cleaning products.
  • Alpha Olefin Sulfonate (AOS) is the most commonly used in personal care. It functions as a detergent and wetting agent as well as an emulsifier. Properly formulated sodium C14-16 Olefin Sulfonate provides viscosity and a consumer-acceptable foaming profile. It also produces stable lather.
  • The main AOS use in American consumer products is in liquid soaps, with very little in shampoos. AOS is used primarily in personal care and household cleaning products outside of the United States. AOS is also used extensively in Japan, South Korea, and South Korea for laundry and liquid dishwashing detergents.
  • The market is expected to expand due to all of the factors mentioned above.

Get a sample report to understand key trends.

The Asia-Pacific region will dominate the market

  • Asia-Pacific is expected to become the largest market for alpha-olefins. The demand for alpha-olefins in China, Japan, and South Korea, India, South Korea, and other Southeast Asian nations is growing. China is also the largest manufacturer of lubricants and oil field chemicals.lasticizers Catering to the global market.
  • China is home to one of the most important pulps and paper industries. China is among the three largest paper producers in the world. China announced that it would ban waste paper imports by 2020. Due to environmental concerns, it is believed to have eliminated more than 45 million metric tons of backward paper capacity in the past seven years. Due to tight regulatory controls and low raw material availability, the country’s new investment in pulp and paper is slowing. This will have a negative impact on the country’s demand growth over the forecast period.
  • China has the highest per capita toilet/bathing soap consumption in the world at four kilograms. Due to increased hygiene awareness following the COVID-19 pandemic, soap and detergent consumption saw a significant increase in China. This will likely drive the demand for alpha-olefins over the next few years.
  • Procter & Gamble China Ltd, Guangzhou Liby Enterprise Group Co. Ltd and Unilever China Ltd are the largest producers of soaps.
  • Most alpha-olefins can be used to make polyethylene. These include linear low-density and high-density ethylene (LLDPE) which are used in a variety of applications, from packaging to pipes.
  • China’s packaging industry is expected to experience tremendous growth. It may grow at a CAGR close to 6.8%, reaching CNY 2 trillion by 2025. The positive momentum in China’s packaging industry will likely ignite market demand.
  • According to the Packaging Industry Association of India, the Indian packaging market was worth USD 50.5 billion in 2019. It is projected to reach USD 204.9 billion in 2025. This is a 26.7% CAGR, which will increase the demand for polyethylene and alpha-olefins.
  • The market will be impacted by all the factors mentioned above in the future.

Get a sample report to understand the trends in geography.

Competitive Landscape

With both domestic and international players, the alpha-olefin marketplace is partly consolidated. Chevron Phillips Chemical Company LLC and Royal Dutch Shell PLC are the major players.

Major Players

  1. Chevron Phillips Chemical Company LLC
  2. INEOS
  3. SABIC
  4. Sasol
  5. Royal Dutch Shell PLC


Related Reports