1-Decene Market Analysis | 2024-2030

Market Insights

The 1-decene market was estimated at USD 1.06 billion in 2023 and is likely to grow at a CAGR of 5.75% during 2024-2030 to reach USD 1.56 billion in 2030.

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Market Dynamics

Introduction

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 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.

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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.

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 

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Derivative Type

"Polyalphaolefins are expected to remain the largest derivative type in the market during the forecast period"

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"

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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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, Service 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 the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The 1-decene market is segmented into the following categories:

By Derivative Type 

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

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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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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