SAN FRANCISCO, April 7, 2016 /PRNewswire/ --
The global alpha olefins market is expected to reach USD 9.98 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for polyethylene on account of its versatile applications is expected to drive the global alpha olefins market. The growth of automotive and consumer goods industries, particularly in emerging markets of Asia Pacific and Latin America is also expected to foster the market growth.
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Positive outlook on oilfield drilling activities is projected to increase alpha olefins demand over next seven years. Fluctuating ethylene prices coupled with high energy cost is expected to remain a key challenge for industry participants.
1-Hexene emerged as the leading alpha olefins type and accounted for 24.6% of total market volume in 2014. 1-Hexene is also anticipated to witness the highest growth of 5.4% over the forecast period.
Browse full research report with TOC on "Alpha Olefins Market Analysis By Product (1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene), By Application (Polyethylene, Detergent Alcohol, Synthetic Lubricant) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/alpha-olefins-market
Further key findings from the report suggest:
Grand View Research has segmented the alpha olefins market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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