New York, NY, March 03, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “1-Decene Market [By Derivative (Polyalphaolefins, Oxo Alcohols (Plasticizer and Detergent Alcohols), Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, Alkyl Dimethylamine & di-Alkyl Dimethylamine); By Application; By Grade; By End-Use; By Region]: Market size & Forecasts, 2023-2032” in its research database.
“According to the latest research study, the global 1-decene market size & share is anticipated to be valued at approximately USD 657.17 Million in 2022 and is projected to hit a revenue of around USD 1,223.20 Million By 2032, at a CAGR of around 6.4% between 2023 and 2032.”
What is 1-Decene? How Big is 1-Decene Industry?
- Report Overview
Decene is an alkene. It contains a chain of 10 carbon atoms with one double bond. There are many isomers of decene depending on the position and geometry of the double bond. 1-Decene is the only isomer of industrial importance. The rapidly rising demand for the 1-Decene market can be attributed to its usage in the production of plasticizer alcohols, and poly alpha olefin is mainly used as a high-performance synthetic lubricant for automatic transmission engines, crankcase, aviation, industrial gear systems, and marine applications.
Increasing demand for synthetic lubricants, capacity expansions by key industry players, and focus on the development of alpha olefins from bio-based materials are likely to propel industry demand. The increasing popularity of synthetic lubricants, as they offer better lubrication and cause less engine wear and tear, has triggered poly alpha olefin demand over the recent past.
Request Sample Copy of 1-Decene Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/1-decene-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key data covered in the market report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic and non-economic factors.
- Provision of market value data for each segment and sub-segment.
- Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market.
- Analysis by geography highlights the consumption of products and services in the region as well as indicates the factors that are impacting the market within each region.
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
Some of the Top Market Players Are:
- Royal Idemitsu Petrochemical Company
- Dutch Shell
- ExxonMobil Corporation
- SABIC
- Ineos Group Limited
- Qatar Chemical Company
- Chevron Phillips Chemical Company
- Alfa Aesar and Sigma-Aldrich
- Sasol Limited
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/1-decene-market/request-for-sample
Key factors driving market growth
- Shale gas boom to push the market
The Shale gas boom, particularly in the US and China, has provided new hope for petrochemical producers and has pushed ethylene production, which is an important raw material for 1-Decene production. The 1-Decene market size is expanding due to the ample availability of critical raw materials in these regions.
The rising consumption of packaged food products is acting as a growth-inducing factor as 1-Decene is employed to produce polymers such as polyethylene that are used to pack these items. 1-Decene industry sales are soaring as they are used as food additives, glazing, and polishing agents, intensifying their adoption in the food and beverage industry.
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Recent trends influencing the market
Increasing usage in the end-use industries to drive the market
1-Decene is widely used as a chemical intermediate in the production of detergents and their derivatives that are further incorporated in the manufacture of industrial surfactants. This facilitates their usage in the end-use industries, consequently painting a positive picture in the market.
Other factors include the rising expenditure capacities of consumers, a decrease in the prices of raw materials, and significant expansion in automotive industries are anticipated to drive the market towards growth.
1-Decene Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 1,223.20 Million |
| Market size value in 2023 | USD 697.52 Million |
| Expected CAGR Growth | 6.4% from 2023 - 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 - 2032 |
| Top Market Players | Royal Idemitsu Petrochemical Company, Dutch Shell, ExxonMobil Corporation, SABIC, Ineos Group Limited, Qatar Chemical Company, Chevron Phillips Chemical Company, Alfa Aesar and Sigma-Aldrich, Sasol Limited |
| Segments Covered | Derivative, Application, Grade, End Use and region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Segmentation assessment
- Poly-alpha olefins segment is expected to witness the fastest growth
Based on derivatives, the poly-alpha olefins segment is expected to grow fastest during the forecast period. The manufacturing and automotive industries are the two main users of poly-alpha olefins. 1-Decene market demand is rising as poly-alpha olefins are used as gear oil, lube oil additives, compressor oil, and transmission oil. These practical applications raise demand.
- The synthetic lubricant segment dominated the market
Based on application, the synthetic lubricant segment dominated the market. 1-Decene market trends include rising environmental laws in the automobile industry and requirements for increasing demand in the cosmetic and food and beverage industry. This is driving the demand for this market.
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Geographic Overview
- Expanding shale gas development to propel the North American market
North America held the largest 1-Decene market share due to the region's expanding shale gas development and rising poly-alpha olefins production. North America currently holds a sizeable portion of the 1-Decene industry. One of the biggest chemical firms in the world is ExxonMobil Chemical. Over the past few years, it has seen the highest increase in poly-alpha olefins production capacity anywhere in the globe. It is expected to drive market expansion in North America.
In the meantime, the Asia Pacific region is anticipated to be a sizeable market during the forecast period. Due to the fact that detergent alcohols and their dependents are important raw materials utilized as surfactants in clothes and dishwashing applications, the dishwashing and detergent business is growing.
Browse the Detail Report “1-Decene Market [By Derivative (Polyalphaolefins, Oxo Alcohols (Plasticizer and Detergent Alcohols), Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, Alkyl Dimethylamine & di-Alkyl Dimethylamine); By Application; By Grade; By End-Use; By Region]: Market size & Forecasts, 2023-2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/1-decene-market
For Additional Information OR Media Enquiry, Please Mail At: sales@polarismarketresearch.com
Recent Developments
- In January 2019, the fourth alpha olefins (AO) unit of Royal Dutch Shell (Netherlands) began production at the company's chemical manufacturing facility in Geismar, Louisiana, in the United States.
Frequently Asked Questions
- Who are the crucial companies operating the market?
- What are the major industry norms influencing the development of the industry?
- Which is the most propelling country in the industry?
- Which application or product type will obtain progressive development possibilities during the forecast period?
- What is the expected growth rate of the market during the foreseen period?
Polaris Market Research has segmented the 1-Decene market report based on Derivative, Application, Grade, End Use, and region:
By Derivative Outlook
- Polyalphaolefins
- Oxo Alcohols
- Linear Alkyne Benzene
- Linear Mercaptans
- Chlorinated Olefins
- Alkyl Dimethylamine
- Di-alkyl Diethylamine
By Application Outlook
- Poly Alpha Olefin
- Polyethylene
- Detergent Alcohols
- Synthetic Lubricants
- Others
By Grade Outlook
- Bio-Based
- Synthetic
By End Use Outlook
- Food & Beverage Industry
- Pharmaceutical Industry
- Paints & Dyes Industry
- Others
By Region Outlook
- North America (United States of America, Canada)
- Europe (United Kingdom, Germany, France, Italy, and Others)
- Asia Pacific (China, Japan, India, ASEAN, Australia, Others)
- Latin America (Brazil, Argentina, Mexico, Others)
- Middle East and Africa (Saudi Arabia, South Africa, Others)
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About Polaris Market Research
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