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  • 1-Decene Market Analysis | 2023-2028

    1-Decene Market Analysis | 2023-2028

    1-Decene Market Analysis | 2023-2028
    Report code - SR2585 Delivery - 2 Weeks
    1-Decene Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity See more...

    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. 

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    What is 1-Decene?

    1-Decene is a linear alpha-olefin with the chemical formula C10H20. It is an organic compound classified as an alkene, specifically a 10-carbon chain with a double bond at the first carbon position. It is used primarily as a monomer in the production of various polyolefin-based products such as linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). Additionally, 1-decene serves as a precursor in the synthesis of various other chemicals, including surfactants, lubricants, and plasticizers.

    Market Dynamics

    DRIVERS: Surge in demand for PAOS-based synthetic lubricants

    The 1-Decene market is driven by the automobile industry, driven by the increasing demand for PAOS-based synthetic lubricants. The rising standards of living in developing countries, coupled with the middle-class population's increased vehicle spending, are expected to drive the automotive market. 1-Decene derivatives, which offer technical performance advantages, are crucial for lubricant applications. The growth of the automotive industry can also be attributed to the growing population in developing nations like China, India, and Brazil.

    OPPORTUNITIES: Increasing R&D investments for the development of alpha-olefins from different sources

    Researchers at the Center for Biorenewable Chemicals (CBIRC) have demonstrated that E. coli can produce medium-chain-length fatty acids using sugars as a carbon source. The research uses codon-optimized eukaryotic and prokaryotic enzyme sources in microbial systems. The projects achieved 35% to 40% of theoretical yields, with 2.7 g/L being achieved, which is in line with recent literature reports.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Derivative-Type Analysis

    Polyalphaolefins (Synthetic Lubricants, and Others), Oxo Alcohols (Plasticizer and Detergent Alcohols), and Others

    Polyalphaolefins are anticipated to remain the biggest demand generator for 1-decenes in the years to come.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    North America is expected to remain the largest market over the next five years.

     

    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.

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    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 many technological advancements and expansions to meet the growing demand and increase profit margins.

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    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 most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the 1-Decene Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The 1-decene market is estimated to grow at a CAGR of 6.7% by 2028, the market for 1-Decene is primarily driven by the rising demand for lubricants made from PAOs and the rise in PAO production.

    ALFA AESAR, CHEVRON PHILLIPS CHEMICAL COMPANY LLC, EXXON MOBIL CORPORATION, IDEMITSU KOSAN CO., LTD., INEOS are the leading players in the 1-Decene market.

    North America is estimated to remain dominant in the 1-Decene market in the foreseeable future. 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.

    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 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.

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