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Linear Alpha Olefin Market | Exclusive Report on the Latest Trends and Opportunities in the Market
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Key factors driving the linear alpha olefin market include increasing demand for poly alpha olefins in the automotive industry and rising demand for polyethylene in the packaging industry. Demand for linear alpha olefin is expected to increase due to the growth in the demand for LLDPE in packaging and construction industries. This is prompting companies to increase the production of linear alpha olefin. Additionally, easy availability of raw materials is anticipated to boost the demand for linear alpha olefin in the near future.
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The global linear alpha olefin market is witnessing technological advancements. Companies are constantly striving to develop new and better linear alpha olefin.
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Development of new manufacturing process of linear alpha olefin and applications is estimated to propel the linear alpha olefin market. However, implementation of stringent environmental regulations and volatility in prices of raw materials are projected to adversely affect market growth.
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Based on type, the linear alpha olefin market can be classified into 1-Butene, 1-Hexene, 1-Octene, 1-Decene, 1-Dodecene, 1-Tetradecene, 1-Hexadecene, and others. 1-Hexene is the most commonly used type of linear alpha olefin. It is used as co-monomer due to its excellent chemical properties.
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