Market Size of 1-Decene Industry
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 |
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 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 Size Summary
The 1-decene market is poised for growth, driven primarily by its increasing demand as a chemical intermediate in the surfactants segment. This growth trajectory is supported by the expanding applications of polyalphaolefins, which are derived from 1-decene and widely used in the automotive and manufacturing sectors as synthetic lubricants. Despite the positive outlook, the market faces challenges due to the lingering effects of the COVID-19 pandemic, which have introduced unfavorable conditions. The Asia-Pacific region is anticipated to be the largest market, benefiting from substantial production and consumption of 1-decene products, further bolstered by the region's robust demand for polyethylene and detergent alcohols.
The market landscape for 1-decene is characterized by a consolidated structure, with key players such as SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, and Exxon Mobil Corporation dominating the scene. The Asia-Pacific region's prominence is underscored by its significant contribution to the global market, particularly in the synthetic lubricants and dishwashing detergents sectors. The region's demand for 1-decene is expected to drive market growth, supported by its extensive industrial applications and the increasing need for high-performance lubricants and surfactants.
1-Decene Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Industrial Surfactants as a Chemical Intermediate
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1.1.2 Rising Demand for Polyalphaolefin
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1.2 Restraints
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1.2.1 Outbreak of Covid-19
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Derivative
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2.1.1 Polyalphaolefins
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2.1.2 Oxo Alcohols
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2.1.3 Linear Alkyl Benzene
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2.1.4 Linear Mercaptans
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2.1.5 Chlorinated Alpha Olefins
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2.1.6 Others
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2.2 Application
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2.2.1 Surfactants
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2.2.2 Plasticizers
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2.2.3 Synthetic Lubricants
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2.2.4 Polyethylene
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2.2.5 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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1-Decene Market Size 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.