According to TechSci Research report, “1-Decene Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global 1-Decene Market stood at USD 954.27 million in 2022 and is anticipated to grow with a CAGR of 5.22% and is expected to reach USD 1304.78 million by 2028. 1-Decene, categorized as an alkene hydrocarbon, is characterized by a chain comprising ten carbon atoms with a single double bond.
This substance is a transparent, colorless, and mobile liquid, carrying a pleasant yet toxic odor. Its production primarily involves the oligomerization of ethylene or the cracking of petroleum waxes containing higher carbon content. 1-Decene finds extensive utility as a monomer in the production of copolymers and plays a pivotal role as an intermediate in the manufacturing of oxo alcohols, epoxides, alkylated aromatics, amines, and synthetic fatty acids. It is conventionally stored in a nitrogen-enriched environment and boasts anti-corrosive properties. Consequently, it finds applications across diverse industries, encompassing perfumery, oils, dye production, pharmaceuticals, resin formulation, dough-dividing machinery, industrial gear systems, automatic transmission engines, and marine equipment.
The increasing incorporation of 1-decene in poly alpha olefin (PAO) production is fostering a favorable market outlook. PAO, a synthetic lubricant, finds widespread application in the automotive and manufacturing sectors, serving as a key component in transmission, compressors, lube-oil additives, and gear oils.
Furthermore, the growing consumption of packaged food products is contributing to market growth, as 1-decene is utilized in the production of polymers like polyethylene for packaging materials. Additionally, it plays a role as a food additive, glazing agent, and polishing agent, enhancing its adoption in the food and beverage (F&B) industry. Moreover, 1-decene serves as a vital chemical intermediate in detergent and derivative manufacturing, which are integral components of industrial surfactants. This facilitates its use across various end-use industries, further bolstering market prospects. Other contributing factors include increasing consumer spending capacity, declining raw material prices, and substantial expansion within the automotive industry, all expected to propel market growth.
Furthermore, 1-decene serves as a prevalent chemical intermediary in the manufacturing of detergents and their derivatives, which are subsequently integrated into the production of industrial surfactants. This integration is streamlining their application across various end-use industries, consequently fostering a promising market perspective. Moreover, several factors, including the increasing purchasing power of consumers, reductions in raw material costs, and substantial growth within the automotive sector, are expected to propel market expansion.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Global 1-DeceneMarket.” @ https://www.techsciresearch.com/report/1-decene-market/16111.html
Additionally, 1-Decene commonly serves as a primary raw material in the production of high-performance lubricants within the PAO industry, specifically catering to the oil & gas sector. Consequently, this segment is poised to be a key driver of market growth in the coming years. Furthermore, the increasing need for surfactants as essential chemical intermediates is expected to further boost the market demand for 1-Decene throughout the forecast period.
The Global 1-Decene Market is segmented into application, regional distribution, and company.
Based on application, the poly alpha olefins segment commands the highest share of revenue. Poly alpha olefins (PAOs) offer a host of advantages compared to traditional lubricants, boasting superior performance in terms of viscosity under both low and high-temperature conditions. They exhibit exceptional chemical and shear stability and are resistant to various issues like oxidation, thermal breakdown, and the formation of oil sludge. The lubricants market is witnessing substantial growth, driven primarily by the escalating demand from critical sectors such as automotive and manufacturing.
Furthermore, poly alpha olefin is poised to emerge as the largest and fastest-growing application segment within the market. This is attributed to PAO’s remarkable technical performance and its contribution to environmental preservation. The increasing adoption of 1-Decene in applications like transmission oil, compressor oil, gear oil, and lubricating oil additives is anticipated to propel the growth of the poly alpha olefins (PAO) segment, particularly in the oil and gas industry.
Additionally, the surfactants segment currently maintains a dominant position in the 1-decene market. The utilization of 1-Decene as a primary raw material for surfactants is expected to sustain market expansion in the foreseeable future. Manufacturers of 1-Decene are actively expanding their production capacities to meet the growing demand stemming from the surfactant industry.
Based on region, North America took center stage as the leading contender in the Global 1-Decene Market. North America boasts a robust industrial presence across diverse sectors, including oil and gas, petrochemicals, packaging, electronics, automotive, pulp and paper, paints and coatings, and pharmaceuticals. This region offers significant growth opportunities, primarily due to the availability of cost-effective raw materials and advancements in shale gas exploration. In North America, the United States takes the lead as a prominent producer and consumer in the global 1-Decene market. The increasing demand for derivatives from various industries such as automotive and packaging is driving the growth of the 1-Decene market in the United States. Furthermore, the substantial presence of key industry players like ExxonMobil Corp., Shell Chemicals, Chevron Phillips Chemical Company LP, and INEOS Oligomers, who possess patented technologies for alpha olefin production, has bolstered the demand for 1-Decene in North America.
On the other hand, the Asia Pacific region is poised to become a significant market in the foreseeable future. This can be attributed to the growing dishwashing and detergent industry, where detergent alcohols and related compounds play essential roles as raw materials for surfactants in laundry and dishwashing applications.
Additionally, the European region is expected to maintain its prominent position and continue its steady growth trajectory throughout the forecasted period. This sustained growth can be attributed to the increasing production of poly alpha olefins (PAO) and synthetic lubricants by major product manufacturers in the region. Along with this, the availability of raw materials contributes to regional expansion.
Major companies operating in the Global 1-Decene Market are:
- Chevron Phillips Chemical Company
- Exxon Mobil Corporation
- Ineos Group Limited
- Idemitsu Kosan Co.,Ltd
- Shell plc
- PJSC Nizhnekamskneftekhim
- Saudi Arabia’s Basic Industries Corporation
- Qatar Chemical Company Ltd.
- Sasol Limited
- Merck KGaA
Your Free sample Report PDF is just a click away! @ https://www.techsciresearch.com/sample-report.aspx?cid=16111
Customers can also request for 10% free customization on this report.
“Technological advancements in 1-Decene production are driving greater efficiency and cost-effectiveness. Innovations such as new catalysts and process optimization techniques are being developed to enhance both the yield and purity of 1-Decene. These improvements not only optimize the production process but also enhance the competitiveness of the 1-Decene market. Moreover, continual research and development efforts within the 1-Decene market are focused on both uncovering new applications and enhancing existing processes. Manufacturers are allocating resources to R&D initiatives with the goal of identifying fresh applications for 1-Decene and improving its performance attributes. This proactive approach to innovation is poised to create new opportunities for the market in the foreseeable future and creates a lucrative opportunity in market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“1-Decene Market By Application (Surfactants, Poly Alpha Olefins, Polyethylene, Detergent Alcohols, Synthetic Lubricants, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global 1-Decene Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global 1-Decene Market.
You may also read:
Near Infrared Absorbing Materials Market Size to Increase from USD 307.06 Million to USD 470.40 Million by 2028
Octyl Alcohol Market Analysis USD 7.02 Billion Valuation in 2022, Predicted USD 9.02 Billion by 2028
Malonic Acid Market Insights Understanding Growth Overview, Forecast, and Future Perspectives
Table of Content-1-Decene Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global 1-Decene Market
- Voice of Customer
- Global 1-Decene Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Application (Surfactants, Poly Alpha Olefins, Polyethylene, Detergent Alcohols, Synthetic Lubricants, Others)
6.2.2. By Region
6.2.3. By Company (2022)
6.3. Market Map
- Asia Pacific 1-Decene Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Country
7.3. Asia Pacific: Country Analysis
7.3.1. China 1-Decene Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Application
7.3.2. India 1-Decene Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Application
7.3.3. Australia 1-Decene Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Application