1-Decene Market SWOT Analysis and Key Growth Methodologies 2030

The Global 1-Decene Market size is estimated to be USD 1101.8 million in 2019 and is predicted to reach USD 1826.1 million by 2030 with a CAGR of 4.7% from 2020-2030.

1-Decene is a colorless alkaline with the formula C10H20. It is the only isomer that holds a significant industrial importance. Its application accounts to as a monomer in copolymers, as an alpha-olefin, where it serves to be an intermediate product that is consumed during the production of amines, epoxides, synthetic lubricants, Oxo alcohols, alkylated aromatics, and synthetic fatty acids. Commercially, this compound is produced either via Ziegler process or via the cracking of petrochemical waxes.

The derivatives of 1-Decene accounts to poly Alpha olefins, detergent alcohol, and others. Poly Alpha olefins are primarily used as compressor oil, gear oil, transmission oil, and Lube oil additives; and hence is widely used in Automotive and manufacturing industries. Detergent alcohols, on the other hand, are used during the production of solvents, adhesives, plasticizers, coatings, and specialty chemicals.

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Top Companies: Chevron Phillips Chemical Company LLC, Shell Chemical Ltd., INEOS Oligomers, Qatar Chemical Company Ltd. (Q-Chem II), SABIC, PJSC Nizhnekamskneftekhim, Idemitsu Kosan Co., Ltd., ExxonMobil Corporation, Sigma-Aldrich Corporation and others.

Market Dynamics and Trends

The factors like high consumption of the chemical component, competitive production cost, increasing production capacity and high economic growth are the prime factors propelling the 1-Decene market in developed regions like Europe. However, the growing R&D investments, joint ventures and numerous market strategies adopted by the key players of this market is also responsible for expanding the 1-Decene market, globally.

The prime factors responsible for accelerating the demand for 1-Decene market are growing demand for Poly Alpha Olefin or PAO in the market coupled with the continuous availability and supply of ethylene, which is an essential raw material that is utilized during the production of 1-Decene. In addition, the increasing adoption of Paos-Based synthetic lubricants is also responsible for propelling the growth of the 1-Decene market. However, the volatility in the cost of raw materials serves to be the major factor restricting the growth of the market. The market is also flourished with the number of opportunities, accounting to the growing focus on production and consumption of wind energy coupled with the increasing investments in research and development activities contributing to the development of Alpha Olefins from different sources.

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Market Segmentations and Scope of the Study:

The global 1-Decene market share is analyzed on the basis of application, and geography. On the basis of application, the 1-Decene Market is segmented into Poly Alpha Olefin, Polyethylene, Detergent Alcohols, and Others. However, on the basis of geography, the 1-Decene market is categorized into North America, Europe, Asia Pacific, and Latin America and the Middle East.

Geographical Analysis

The Poly Alpha Olefin segment dominates the application segment of this market with maximum market share, accounting to the elevating growth factor in automotive industries, especially in Asia Pacific region, supportive government taxation policies, and technical Advancement in products and product offerings. However, globally, Europe is estimated to have the largest market share, whereas, the Asia Pacific is estimated to be the fastest growing region, owing to the growing demand of polyethylene in developing countries like India and China. The growth of this market is also being accelerated accounting to the increasing production and utilization of PAO and synthetic lubricants in this region. However, the development took place in terms of acquisition of Alfa Aesar by Thermo Fisher in Sep 2015.

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