New study titled “1-Decene Market: Global Industry analysis and forecast 2017 – 2025” presents a comprehensive regional assessment and detailed segmental analysis
Decene is an unsaturated hydrocarbon i.e. alkene with a chemical formula of C10H20. Decene is a clear, white mobile liquid and is toxic in nature. It is generally produced by the oligomerization of ethylene or by cracking higher carbon content petroleum waxes. Depending on the attachment of the functional group, there are several types of decene isomers present. Among all isomers, 1-decene i.e. α-decene, is the most commonly used isomer in industrial processes. 1-decene is generally used as a chemical intermediate in the production of synthetic lubricants, amines, epoxides, detergents & derivatives and alkylated aromatics, among others. Moreover, 1-decene is used as a co-monomer in the production of polymers such as polyethylene. Mainly, 1-decene is consumed in the production of polyalpha olefins (PAO), a category of synthetic lubricants. Polyalpha olefins are used as high performance synthetic lubricants for industrial gear systems and automatic transmission engines in the aviation and marine sectors.
Global 1-Decene Market Dynamics
The 1-decene market is driven by increasing production of polyalpha olefins. Stringent requirements in cosmetic and food & beverage industries and rising environmental concerns in automotive industries have indirectly boosted demand for synthetic lubricants. This increase in demand for synthetic lubricants has caused a rise in the consumption of 1-decene. Moreover, 1-decene is used as a chemical intermediate in the production of detergents and their derivatives, which are further used in the manufacturing of industrial surfactants. The rise in demand for surfactants from end use industries has led to a surge in the demand for 1-decene. Furthermore, a drop in raw material prices has imparted an additional advantage which is expected to drive the growth of 1-decene market.
An increase in demand for synthetic lubricants, clubbed with the inadequate supply of polyalpha olefins (PAO) in the global market has prompted lubricant manufacturers to develop alternative lubricant materials such as glycol-based lubricants i.e. polyalkylene glycol (PAG), polyol esters and phosphate esters, among others. An increase in the variety of lubricants and a drop in the share of PAO lubricants is expected to impact the growth of 1-decene market. Moreover, special care has to be taken while handling 1-decene, as it forms an explosive mixture on contact with moisture or oxygen.
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Global 1-Decene Market Segmentation
On the basis of grade, the global 1-decene market is segmented into: Bio-based Synthetic-based
On the basis of application, the global 1-decene market is segmented into: Synthetic lubricants Plasticizers Polyethylene Surfactants Others
Global 1-Decene Market Regional outlook
The global 1-decene market is dominated by the Asia Pacific region, mainly owing to the increasing demand for synthetic lubricants from growing industries such as automotive, marine and aviation. Emerging economies such as India and China carry the major market share in terms of production and they are forecast to continue their dominance during the forecast period. After Asia Pacific, Europe is a large consumer of 1-decene; however, stringent government regulations and industrial focus on sustainable development have substantially impacted the 1-decene market. Despite this, Europe is expected to register a healthy CAGR over the forecast period. In North America, especially the U.S., demand for synthetic lubricants is high. North America is forecast to register significant growth over the forecast period. Latin America and Middle East & Africa regions are projected to register steady growth over the forecast period.
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Global 1-Decene Market Participants
Examples of some market participants in the global 1-decene market, identified across the value chain include Royal Dutch Shell plc., Saudi Arabia Basic Industries Corporation (SABIC), Chevron Phillips Chemical Company, INEOS Oligomers, Qatar Chemical Company II Ltd., Idemitsu Kosan Co., Ltd. and PJSC Nizhnekamskneftekhim, among others. Major industrial players are focusing on expansion of their production facility as a strategic development in order to cater to the demand of end use industries.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, grades and applications.
The report covers exhaustive analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Value Chain
Regional analysis includes: North America Latin America Asia Pacific Japan Western Europe Eastern Europe Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
Report highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
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