North America 1-tetradecene Market
- Report Code: 1- 1004
- Publish Date: Upcoming
The North American 1-tetradecene market growth is mainly attributed to the increasing demand of polyalphaolefins from the end-user industry, especially polyethylene. This market is projected to register a CAGR of 3.47% between 2012 and 2018. North America is considered to dominate the global market of alpha olefins, and has the highest market share in comparison to other regions. 1-tetradecene is a sub-product of the main parent, named as linear alpha olefins. A striking feature of this chemical compound is that it consists of a chain of twelve carbon atoms, intersecting at the alpha position. This intersection is known to enhance the reactivity of such chemical compounds, thereby increasing its scope of application across various chemical industry segments, which ranges from detergent alcohols to synthetic lubricants. In North America, the rapid progression of the chemical industry due to extensive investments and expansion plans made in this sector has resulted in the rapid progression of the 1-tetradecene market.
Apart from factors discussed above, significant technological developments made in the field of polyethylene have fueled the growing demand of 1-tetradecene market. Certain factors, such as the fluctuating prices of raw materials and heightened manufacturing costs might act as market restraints. North America, being the largest market base of polyalphaolefins, is competent enough to effectively overcome such restraints.
The North American 1-tetradecene market is categorized on the basis of geography, ingredient, and application. According to ingredients, this market gets classified into coal and ethylene. With respect to applications, this market is segmented into alkylbenzenes – linear & branched, lubricant, plasticizer alcohols (c4-c13), detergent alcohols, polybutylene, alpha olefin sulfonates (aos), and oilfield chemicals. Top companies in this market include Evonik Industries AG, Exxon Mobil Corp., Dow Chemical Company, Godrej Industries Ltd., SABIC, Sasol Limited, Idemitsu Kosan Co., Ltd., INEOS Oligomers, Linde AG, Mitsubishi Chemical Corporation, NizhnekamskNeftekhim Inc., (NKNK), Qatar Chemical Company Ltd. (Q-Chem), and Royal Dutch Shell Plc., among many others.
The North American 1-tetradecene market report offers a comprehensive overview of recent market trends, market sizing, and forecast of revenue. It also provides in-depth analysis of market metrics that includes drivers, restraints, and upcoming opportunities of this market. The report provides a competitive landscape of key players in the market, growth strategies adopted by them, and recent developments taking place in the market.
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