Asia-Pacific 1-tetradecene Market
- Report Code: 1- 1001
- Publish Date: Upcoming
The Asia-Pacific 1-tetradecene market report offers a comprehensive study on varied market dynamics, such as drivers, restraints, and upcoming opportunities. It provides an analytical perspective on the recent developments taking place in this industry. In-depth analysis of various market segments and competitive coverage of the key growth strategies adopted by the leading market players are vividly discussed in this report.
1-tetradecene is a type of linear alpha olefin that is completely different from other mono olefins. In scientific terms, alpha olefin is considered to be a family of organic compounds, which comprises alkenes and olefins that are primarily developed by the process of oligomerization of ethylene. These compounds are used in a wide range of chemical applications, such as detergent alcohols, polyethylene, and synthetic lubricants, among others.
The rapid growth witnessed in the overall production of polyethylene and polyalphaolefin has resulted in the progression of the global alpha olefin market. These are primarily used as co-monomers for polyethylene production, along with two specific types of polyethylene products, namely low density polyethylene (LLDPE) and high density polyethylene (HDPE). These products have registered a high growth rate due to the progressive demand of these products from the end-user industries, especially the plastic industry. As 1-tertradecene is also a type of linear alpha olefins, the overall growth of the 1-tetradecene market is governed by factors influencing the demand of polyethylene and other related products. The progress of Asia-Pacific 1-tetradecene market is attributed to recent technological advancements made in the polyethylene industry, and increasing capacity expansions in the chemical industries thriving in this region. Another important market driver influencing the growth of the 1-tetradecene market in Asia-Pacific is the growing competition observed among the alpha olefins developers, who are striving hard to offer eco-friendly and cost-effective products. The Asia-Pacific 1-tetradecene market is considered to be the third-largest market, and is projected to grow at a CAGR of 4.67% between 2012 and 2018.
The Asia-Pacific 1-tetradecene market is segmented by geography, ingredient, and application. According to ingredients, the market is sub-divided into coal and ethylene. With respect to application, this market is classified into alpha olefin sulfonates (aos), alkylbenzenes - linear & branched, detergent alcohols, lubricant, plasticizer alcohols (c4-c13), polybutylene, and oilfield chemicals. Dominant players of this market are Dow Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Godrej Industries Ltd., INEOS Oligomers, Idemitsu Kosan Co. Ltd., Linde AG, Mitsubishi Chemical Corporation, Qatar Chemical Company Ltd. (Q-Chem), and Royal Dutch Shell Plc., among others.
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