1-Decene Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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1-Decene Market Analysis
The market for 1-decene is expected to grow at a CAGR of over 3% during the forecast period. The major factor driving the growth of the 1-decene market is the increasing demand from the surfactants segment as a chemical intermediate. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.
- Polyalphaolefin is expected to remain largest due to its increasing applications from the various sectors during the period of forecast.
- Asia-Pacific is expected to be the largest market due to the large-scale production and consumption of the 1-decene products in the region.
1-Decene Market Trends
This section covers the major market trends shaping the 1-Decene Market according to our research experts:
Polyalphaolefins to be the Largest Segment for 1-Decene Market
- 1-decene is majorly employed in the production of polyalphaolefins (PAO), a type of synthetic lubricant. Polyalphaolefins are significantly utilized in the automotive and manufacturing businesses.
- Moroever, they are also utilized as compressor oil, transmission oil, lube-oil added substance, and gear oil.
- In 2020, it is estimated that the worldwide wind turbine gear oil market volume amount to 41,100 million metric tons.
- By 2023, the global market value of the synthetic lubricants is anticipated to reach a value of USD 37.3 billion.
- All the aforementioned factors are expected to drive the 1-decene market during the forecast period.
Asia-Pacific Region to Dominate 1-Decene Market
- Asia-Pacific region holds a prominent share in the 1-decene market globally and is expected to dominate the market during the forecast timeline.
- In 2019, Malaysia produced approximately 138.5 thousand metric tons of lubricating oil.
- Detergent alcohols and their subordinates are key raw materials utilized for delivering surfactants in clothing and dishwashing applications. In 2020, the Asia-Pacific region is forecasted to add up to USD 8.057 billion in revenue from the dishwashing detergents section.
- The demand for polyethylene from the Asia-Pacific region is expected to be 62 million metric tons in 2022.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
1-Decene Industry Overview
The market for 1-decene is consolidated. Some of the players in the market include SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, and Exxon Mobil Corporation.
1-Decene Market Leaders
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SABIC
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SEA-LAND CHEMICAL COMPANY
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PJSC Nizhnekamskneftekhim
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Royal Dutch Shell
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Exxon Mobil Corporation
*Disclaimer: Major Players sorted in no particular order
1-Decene Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Industrial Surfactants as a Chemical Intermediate
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4.1.2 Rising Demand for Polyalphaolefin
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4.2 Restraints
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4.2.1 Outbreak of Covid-19
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Derivative
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5.1.1 Polyalphaolefins
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5.1.2 Oxo Alcohols
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5.1.3 Linear Alkyl Benzene
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5.1.4 Linear Mercaptans
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5.1.5 Chlorinated Alpha Olefins
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5.1.6 Others
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5.2 Application
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5.2.1 Surfactants
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5.2.2 Plasticizers
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5.2.3 Synthetic Lubricants
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5.2.4 Polyethylene
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Chevron Phillips Chemical Company
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6.4.2 Exxon Mobil Corporation
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6.4.3 INEOS
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6.4.4 Idemitsu Kosan Co.,Ltd
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6.4.5 LG Chem
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6.4.6 PJSC Nizhnekamskneftekhim
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6.4.7 Qatar Petroleum
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6.4.8 Royal Dutch Shell
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6.4.9 SEA-LAND CHEMICAL COMPANY
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6.4.10 SABIC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1-Decene Industry Segmentation
The 1-Decene Market report includes:
| Derivative | |
| Polyalphaolefins | |
| Oxo Alcohols | |
| Linear Alkyl Benzene | |
| Linear Mercaptans | |
| Chlorinated Alpha Olefins | |
| Others |
| Application | |
| Surfactants | |
| Plasticizers | |
| Synthetic Lubricants | |
| Polyethylene | |
| Others |
| Geography | |||||||
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1-Decene Market Research FAQs
What is the current 1-Decene Market size?
The 1-Decene Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in 1-Decene Market?
SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell and Exxon Mobil Corporation are the major companies operating in the 1-Decene Market.
Which is the fastest growing region in 1-Decene Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in 1-Decene Market?
In 2024, the Asia Pacific accounts for the largest market share in 1-Decene Market.
What years does this 1-Decene Market cover?
The report covers the 1-Decene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 1-Decene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
1-Decene Industry Report
Statistics for the 2024 1-Decene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 1-Decene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
