Market Segmentation
Growing demand for polyethylene in the Asia Pacific region, mainly in India and China, on account of increasing polyethylene products use in day-to-day life is expected to fuel the alpha olefin market growth over the forecast period. Alpha olefins are primarily used for manufacturing LLDPE and HDPE. Growing demand for packaged food products, particularly in emerging countries of Asia Pacific, is expected to be the key driver for LLDPE market augmentation. In addition, growing protective film usage in agriculture to reduce soil erosion and increase protection against UV rays is also anticipated to fuel market growth over the next six years. Growing LLDPE film usage in the construction industry as moisture barriers under the concrete structure is also likely to augment market growth. However, strict regulations regarding the usage of non-biodegradable plastics in several parts of Europe and North America may hamper the growth of the LLDPE market.
Ethylene is the most commonly used raw material for alpha-olefin production. The global ethylene market has been witnessing a surge in production on account of increasing oilfield drilling activities and LNG supply. Increasing demand for fuel and energy has increased oil and gas exploration activities. Increased LNG supply in North America has increased ethylene production in the region. Increased crude oil supply on account of increasing oil exploration activities in the Middle East has triggered ethylene production. Increasing demand for ethylene from various industries has caused a surge in ethylene demand. Global ethylene capacity is expected to rise over the forecast period on account of increasing demand from various application segments. Ethylene capacity in 2008 was 128 million tons and it was increased to 156 million tons by 2014.
Ethylene, being the major raw material for alpha olefin production, its price directly affects the alpha olefin market. Ethylene prices are directly affected by crude oil prices. Crude oil prices are determined by various factors including supply, demand, inventory, and natural causes. OPEC countries control crude oil supply. Any decision made by OPEC countries affects global crude oil prices. Increasing demand for petroleum products on account of the increased energy needs of emerging economies also affects crude oil prices. Political unrest in the Middle East & Africa has also affected crude oil prices over the last few years. Major raw materials used to produce alpha olefin include oils such as tall, rapeseed, cotton, sunflower, and soy oils.
This section will provide insights into the contents included in this alpha olefin market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance