Europe 1-tetradecene Market
- Report Code: 1- 1002
- Publish Date: Upcoming
Alpha olefin, primarily termed as alkene and olefin, is a chemical compound that consists of a chain of twelve carbon atoms that is having a double bond at the alpha position. It is being observed that a double bond seems to enhance the reactivity of the compound, thereby increasing its usage in a wide range of applications. 1-tetradecene, a sub-section of the parent compound alpha olefin, is used in various chemical industries. Its ample scope of applications that ranges from polyethylene co-monomers to synthetic lubricants has resulted in increasing the growing demand of the 1-tetradecene market.
Europe and North America are considered to be the most lucrative markets of the alpha olefins. Due to the recent economic depression in Europe, 1-tretradecene market is growing at a slower pace in comparison to other regions. The European 1-tetradecene market is poised to rise at a CAGR of 1.16% from 2012 to 2018. Despite the economic restraints, the chemical industry in Europe is estimated to witness a significant growth in the coming years. Since more than half of the chemicals sales in the European region come from products, such as petrochemicals and polymers, it significantly affects the overall demand of polyalphaolefins products in this region. Countries in Europe that have accounted for a maximum share in the 1-tetradecene industry are Germany, France, Italy, and the U.K. Certain factors, such as fluctuating prices of resources and raw materials, increasing manufacturing costs of these chemicals, and fierce competition among developers of 1-tetradecene products in other regions affect the business prospects of European manufacturers, thereby hampering the market demand.
The European 1-tetradecene market is segmented on the basis of ingredient, application, and geography. With respect to ingredients, the market is categorized into two essential components, namely coal and ethylene. According to the application segment, this market is classified into lubricant, plasticizer alcohols (c4-c13), alkylbenzenes – linear & branched, detergent alcohols, alpha olefin sulfonates (aos), and oilfield chemicals. Prominent players thriving in this market are Chevron Chemicals, Evonik Industries AG, Exxon Mobil Corp., Dow Chemical Company, SABIC, Sasol Limited, Godrej Industries Ltd., Idemitsu Kosan Co., Ltd., INEOS Oligomers, NizhnekamskNeftekhim Inc. (NKNK), and Qatar Chemical Company Ltd. (Q-Chem).
Europe 1-tetradecene market report provides market sizing and forecast, along with emphasis on market dynamics, such as drivers, restraints, and upcoming opportunities. The report also offers a comprehensive analysis of leading players in the market, and delivers in-depth insights on the growth strategies adopted by companies to sustain their position in the 1-tetradecene market.
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