Linear α-olefin (LAO) Market Size, Share, Trends, and Forecast: 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Linear α-olefin (LAO)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
The global Linear α-olefin (LAO) market size was US$ 9217.3 million in 2023 and is forecast to a readjusted size of US$ 11640 million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030.
 
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https://www.qyresearch.com/reports/2706250/linear----olefin--lao
 
 linear α Alkenes refer to straight chain alkenes with only a single terminal double bond in molecules, such as C4 and above. They are important organic chemical raw materials and intermediates, mainly used as comonomers of high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE), as raw materials for the synthesis of advanced lubricants, for the production of plasticizer alcohols and detergent alcohols, and for the synthesis of polyesters α Alkenes, alkenylsuccinic anhydrides, linear alkylbenzenes, oilfield chemicals, alkyldimethylamines, and higher fatty acids.



According to the new market research report "Linear α-olefin (LAO) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Linear α-olefin (LAO) market size is projected to reach USD 11.64 billion by 2029, at a CAGR of 3.2% during the forecast period.



According to QYResearch Top Players Research Center, the global key manufacturers of Linear α-olefin (LAO) include Shell, Chevron Phillips Chemical Company, INEOS, Sasol, Qatar Chemical Company, Sabic, PJSC Nizhnekamskneftekhim, Idemitsu Kosan, Sinopec, CNPC, etc. In 2022, the global top five players had a share approximately 65.0% in terms of revenue.

Market Drivers:

In the coming years, globally α- The production and demand of olefins will rise sharply, and it is estimated that they will exceed 8 million tons by 2027. Large scale both domestically and internationally α- The olefin plant is under construction, and ExxonMobil will produce 350000 tons in Texas, USA α- Olefin unit; Chevron Phillips added in Texas, USA α- Olefin unit; There will be Zhejiang Petrochemical in China; Maoming Petrochemical; New construction by multiple enterprises including Yankuang Group α- Olefin unit. In terms of demand, new PE devices have sprung up like mushrooms after rain.

Linear α- Polyolefin products made from olefins have better performance. 1-Hexene grade polyolefin products have better tensile strength, impact strength, and tear strength; POE has excellent physical and mechanical properties such as high elasticity, high strength, and high elongation, as well as excellent low-temperature resistance. PAO has the characteristics of wide operating temperature, good viscosity temperature performance, high viscosity index, low pour point, and low evaporation loss; High carbon alcohols have excellent plasticizing properties, which can give products advantages such as good appearance, smooth surface, less breakage, and less pollution. With the progress of society and people's pursuit of high-quality life, there is a growing demand for linear solutions α- The demand for high-end products made from olefins will continue to grow.

Restraint:

The LAO industry abroad has gone through more than half a century of development, and well-known overseas petrochemical enterprises have already acquired mature technology. The LAO industry in China started relatively late and is generally in the development stage. The insufficient supply capacity of high-quality LAO has limited the development of application fields. Although the ethylene trimerization technology developed independently by Sinopec and PetroChina to produce 1-hexene has achieved industrialization, due to the late start of ethylene oligomerization technology and downstream polyolefin product technology, industrialization has not yet been achieved, and the application market still needs to be cultivated.

Opportunity:

The upgrading of China's coal to oil industry has made refined development inevitable. Coal to oil intermediate products is rich in LAO. By the end of 2023, China will have a total coal to oil production capacity of approximately 15 million tons per year. Based on a coal to oil project of 1 million tons per year, which can produce approximately 230000 tons of LAO for C4-C18, by the end of 2023, coal to oil will be able to provide approximately 1.7 million tons of LAO for C4-C18. The high-end and refined development of the coal to oil industry will be unstoppable.
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Linear α-olefin (LAO) market is segmented as below:
By Company
    Shell
    Chevron Phillips Chemical Company
    INEOS
    Sasol
    Qatar Chemical Company
    Sabic
    PJSC Nizhnekamskneftekhim
    Idemitsu Kosan
    Exxon Mobil Chemical
    Sinopec
    CNPC
    CNOOC and Shell Petrochemicals Company Limited
 
Segment by Type
    1-Butene
    1-Hexene
    1-Octene
    1-Decene
    Dodecene
    C14-C18
    Others
 
Segment by Application
    Polyethylene Comonomer
    Poly Alpha Olefins
    Detergent and Plasticizer Alcohol
    Others
 
Each chapter of the report provides detailed information for readers to further understand the Linear α-olefin (LAO) market:
Chapter 1: Introduces the report scope of the Linear α-olefin (LAO) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Linear α-olefin (LAO) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Linear α-olefin (LAO) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Linear α-olefin (LAO) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Linear α-olefin (LAO) in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Linear α-olefin (LAO) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Linear α-olefin (LAO) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Linear α-olefin (LAO) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global Linear α-olefin (LAO) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Linear α-olefin (LAO) Market Insights, Forecast to 2030
Linear α-olefin (LAO) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Linear α-olefin (LAO) Market Research Report 2024
Linear α-olefin (LAO) - Global Market Insights and Sales Trends 2024
Global Linear α-olefin (LAO) Market Research Report 2023
Global Linear α-olefin (LAO) Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global Linear α-olefin (LAO) Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Linear α-olefin (LAO) Market Report & Forecast 2023-2029
 
 

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