Market Insights
The 1-Decene market is likely to grow at a promising CAGR of 6.7% in the long run to reach US$ 800 Million in 2028.
The 1-decene market is a segment of the global chemical market that deals with the production, sale, and consumption of 1-decene. 1-Decene is an alkene that consists of a chain of ten carbon atoms. It is a colorless, odorless liquid that is flammable and has a boiling point of 121°C. 1-Decene is used in a variety of applications, including lubricants, surfactants, cosmetics, solvents, and fuels.
The market for 1-Decene is primarily driven by the rising demand for lubricants made from PAOs and the rise in PAO production. Because of the rising demand for synthetic lubricants with PAOs as their base, the automotive sector indirectly drives the 1-Decene market. In some delicate applications, PAOs not only provide the benefit of technological performance but also help to protect the environment. Due to the COVID-19 pandemic outbreak in 2020, many global industries experienced a decline. Additionally, as a result of oversupply and low demand, the petrochemical and oil & gas sectors were the most severely affected. The 1-Decene market was hit by the drop in lubricant demand during the shutdown.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Derivative-Type Analysis
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Polyalphaolefins (Synthetic Lubricants, and Others), Oxo Alcohols (Plasticizer and Detergent Alcohols), and Others
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Polyalphaolefins are anticipated to remain the biggest demand generator for 1-decenes in the years to come.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to remain the largest market over the next five years.
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Derivative Trends
The 1-Decene market is segmented into polyalphaolefins (synthetic lubricants and others), oxo alcohols (plasticizer and detergent alcohols), and others. Polyalphaolefins are expected to remain the largest derivative type in the market during the forecast period. A group of polymers known as PAOs are created from the monomer 1-Decene. In many synthetic items, including lubricants, greases, and fluids, they are used. The molecular stability and purity of PAOs are crucial factors in the demand for them.
In comparison to mineral oils, PAOs are more in demand due to their improved oxidative stability, superior volatility, great low-temperature viscosities, high viscosity index, and outstanding pour points. In addition to motor oils, wind turbine lubricants, heavy-duty diesel engine oils, fiber optic cable compounds, hydraulic oils, gearbox fluids, compressor oils, and gear oils, PAOs are also utilized in a wide range of industrial and automotive applications. You can also use PAO-based lubricants as ingredients in food-grade lubricants.
Regional Analysis
North America is expected to remain the largest market for 1-Decene during the forecast period. The ongoing development of the oil, gas, and petrochemical infrastructure in the US, Canada, and Mexico is the main driver for North America's expansion. Due to its enormous natural resource deposits, North America is viewed as a potential investment hub for 1-Decene manufacturing by both local and international firms.
During the projected period, the US is anticipated to be the top producer and consumer of 1-Decene in the area. The demand for its derivatives from sectors including the automotive and packaging industries drives the 1-Decene market in the US. Manufacturers of 1-Decene have planned a number of technological advancements and expansions to meet the growing demand and increase profit margins.
The 1-decene market is segmented into the following categories:
By Derivative Type
- Polyalphaolefins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Synthetic Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oxo Alcohols (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plasticizer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Detergent Alcohols (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the 1-decene market:
- ALFA AESAR
- CHEVRON PHILLIPS CHEMICAL COMPANY LLC
- EXXON MOBIL CORPORATION
- IDEMITSU KOSAN CO., LTD.
- INEOS
- MERCK GROUP
- PJSC NIZHNEKAMSKNEFTEKHIM
- QATAR CHEMICAL COMPANY II LTD.
- ROYAL DUTCH SHELL
- SABIC
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s 1-Decene market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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