Linear alpha olefins, also known as alkenes, are straight, unsaturated organic compounds that contain at least one carbon-to-carbon double bond between first and second carbon atoms. Light Linear Alpha Olefins (LAOs) primarily constitute butene-1, hexene-1, and octene-1. Light LAOs are highly versatile feedstock for several commodities and end user products. The most common uses of these compounds are co-monomers in production of polyethylene, surfactants, alcohol and synthetic lubricants. Light LAOs are also used in drilling applications, alcohols, plasticizing agents, lubricants, synthetic acids, and pulp and paper industry.
The Asia Pacific region is expected to remain the major consumer of Light LAOs due to expanding capacity of plastic manufacturing plants coupled with robust and increasing demand due to rapid urbanization. For instance, according to Turkish Plastics Industry Foundation report 2016, India and China contributed around 30% of the total global plastic production followed by USA, which contributed around 14.6% in 2016.
Key Players in the Global Light Linear Alpha Olefins Market
Major players operating in the global light linear alpha olefins market include Idemitsu Kosan Co., Ltd., Saudi Basic Industries Corporation, INEOS, Royal Dutch Shell plc, Chevron Phillips Chemical Company LLC, Sasol Limited, Linde AG, ExxonMobil Corp., Qatar Chemical Company Ltd., Nizhnekamskneftekhim, and Janex SA
On the basis of product type, the global light linear alpha olefins market is segmented into:
On the basis of application, the global light linear alpha olefins market is segmented into:
On the basis of end-use industry, the global light linear alpha olefins market is segmented into:
On the basis of region, the global light linear alpha olefins market is segmented into:
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