Alpha Olefins Market 6.38% CAGR Growth Report by 2021

PUNE, India, October 2, 2017 /PRNewswire/ --

Alpha Olefins market 2017-2021 is a chemical report added in ReportsnReports.com. Alpha olefins are petrochemicals. These olefins are alkenes that differ from mono-olefins and have a double bond at the alpha position. They are produced by the cracking of paraffin waxes or by the oligomerization of ethylene. Alpha olefins are used as comonomers in the manufacture of various products, such as polyethylene, plasticizers, and synthetic lubricants. They are also used in making hard plastic soft and flexible according to ReportsnReports.com.

Complete report on Alpha Olefins Market spread across 90 pages, analyzing 16 major companies with 55 Exhibit now available at http://www.reportsnreports.com/reports/1194394-global-alpha-olefins-market-2017-2021.html .

The analysts forecast global alpha olefins market to grow at a CAGR of 6.38% during the period 2017-2021. One trend in the market is high growth in APAC. APAC has shown remarkable growth in the past few years. This growth can be attributed to the sharp rise in China's economy. In the fourth quarter of 2017, China is expected to record an annual growth that is higher than that in the fourth quarter of 2016.

According to the alpha olefins market report, one driver in the market is increasing demand for rubber chemicals. Butene, especially 1- and 2-Butene, is used to make PB. PB is also known as rubber or synthetic rubber in general terms. Pure 1-Butene is used in the production of LLDPE. The oxo reaction of a mixture of 1- and 2-Butene results in the formation of valeraldehyde. Valeraldehyde is then converted into C10 plasticizers. These substances, including LLDPE, valeraldehyde, and plasticizers, are used in the manufacture of rubber. Apart from this, C4 olefins and their derivatives are used in manufacturing synthetic rubber. The growing rubber chemicals market is expected to increase the demand for Butene.

Key players in the global alpha olefins market: Chevron, Idemitsu Kosan, INEOS, SABIC, and Shell. Other Prominent Vendors in the market are: Akzo Nobel, Evonik, Exxon Mobil, Godrej, The Linde Group, Mitsubishi Chemical, Nizhnekamskneftekhim, ONGC Petro additions, Qatar Chemical Company, Sasol, and Reliance Industries.

Order a copy of Global Alpha Olefins Market 2017-2021 report at http://www.reportsnreports.com/purchase.aspx?name=1194394 . Avail $1000 Discount on this report till 31 December 2017.

Further, the report states that one challenge in the alpha olefins market is decrease in fossil fuel resources. In 2016, OPEC implemented an initiative to curtail oil output. Toward the end of 2016, OPEC cut the oil output by 1.20 million barrels per day. With this move, non-OPEC countries, such as Russia, also implemented similar initiatives, which resulted in an increase in oil prices. This led to a shift in demand from synthetic rubber to natural rubber as synthetic rubber is a petroleum-derived product. The decrease in the demand for synthetic rubber affected the demand for alpha olefins, which are used as rubber accelerators. Though this shift is expected to be temporary, it has led to a significant decline in the demand for synthetic rubber.

This report, Global Alpha Olefins Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Another related report is Global Sodium Silicate Market 2017-2021, the analysts forecast global sodium silicate market to grow at a CAGR of 3.02% during the period 2017-2021. Players are BASF, Evonik Industries, Occidental Petroleum Corporation, PQ Corporation, and W.R Grace. Other Prominent Vendors in the market are: Albemarle Corporation, CIECH Vitrosilicon, Global Drilling Fluids & Chemcials, Huber, IQE Group, Kiran Global Chem, Nippon Chemical Industrial, Rhodia, Shanti Chemical Works, Shaoxing Chang New Materials, Shayona Group, Shijiazhuang Shuanglian Chemical Industry, Sinchem Silica Gel, and Tokuyama.

One driver in the sodium silicate market is increasing consumption of household detergents. The detergent market accounted for a major portion of the global sodium silicate market with about 25.60% share, in 2016. Changing lifestyle, increase in disposable income, growing population, and increasing health and hygiene awareness in the consumers are the key reasons for the increased consumption of household detergents across the globe. There is a significant increase in sales of washing machines due to rapid urbanization in developing markets such as India, Bangladesh, Indonesia, and Africa. It is due to the changing lifestyles and increased disposable income.

Browse complete Sodium Silicate market report at http://www.reportsnreports.com/reports/1194469-global-sodium-silicate-market-2017-2021.html .

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