Global 1-Decene Market - 2023-2030

Global 1-Decene Market - 2023-2030

Market Overview

1-Decanol Market size was worth US$ XX million in 2021 and is estimated to reach at a CAGR of 5.8 % during the forecast period (2023-2030).

Ten carbon and twenty hydrogen atoms make up 1-decene, a member of the alkene family, also called alpha-decene. Decene has numerous isomers that vary in importance to the industry depending on the geometry and placement of the double bond. It serves as an intermediate form in synthesizing oxo alcohols, artificial lubricants, epoxides, amines, synthetic fatty acids, and alkylated aromatics.

Depending on the geometry and location of the double bond, decene can exist in various isomers, each with a different level of industrial significance. One of 1-Decene's main commercial uses is as a glazing agent in sugar confections like fruit gums, jellies and dry fruits. One-decene makes surfactants and other specialty industrial chemicals for flavors, perfumes, pharmaceuticals, dyes, oils and resins. It is also widely used as a release agent in bread tins, anti-foaming and anti-dusting agents and lubricating agents in dough-dividing machines. It is primarily used in the marine and aviation industries' automatic transmission engines and industrial gear systems.

Market Dynamics

Global demand is driven by rising poly alpha olefin production. The production of detergents and their derivatives, which are used in the production of commercial surfactants, uses 1-decene as a chemical intermediate. Surfactants are becoming increasingly in demand from end-use industries. It is causing 1-Decene demand to increase. Additionally decline in raw material prices is anticipated to fuel the product demand in the global market.

Owing to the growing use of synthetic lubricants in the automotive industry bolsters the demand for 1-decene in the global market

The demand for synthetic lubricants has been indirectly driven by rising environmental concerns in the automotive industry and rising demand for food additives from developing economies and the cosmetics industry. The consumption of 1-decene has significantly increased as a result of this. 1-Decene is a chemical compound used as a raw material to produce synthetic lubricants. Synthetic lubricants are artificially produced rather than extracted from natural sources. They are typically made using chemical compounds like 1-decene, refined and processed to create the final product. Synthetic lubricants are designed to provide superior performance compared to traditional mineral oil-based lubricants. They can offer better protection against wear and tear, improved stability at high and low temperatures and better resistance to breakdown and contamination.

The growing demand for high-performance applications in various industries, such as automotive and aerospace, has increased the use of synthetic lubricants. The lubricants can withstand the demanding conditions in these applications and provide better protection for equipment.

Synthetic lubricants are generally considered more environmentally friendly than mineral oil-based lubricants, as they tend to have a lower impact on air and water quality. It increases the demand for synthetic lubricants, particularly in industries under pressure to reduce their environmental footprint. Furthermore, the factors mentioned above contribute to the growing use of synthetic lubricants, which has driven the demand for 1-decene, as it is a vital raw material in producing these lubricants.

Owing to the development of group III base oils and fluctuating raw material prices are possible hindrances to the overall expansion of the global 1-Decene market

Group III base oils are a type of synthetic lubricant base oil that is made using a chemical refining process. They are considered a potential restraint on the growth of the global 1-decene market because they are a substitute for 1-decene in producing synthetic lubricants. If the demand for Group III base oils increases, it could reduce the demand for 1-decene as manufacturers switch to using Group III base oils instead.

Volatile raw material prices can also be a potential restraint on the growth of the global 1-decene market. If the price of raw materials like crude oil, which is used to produce 1-decene, fluctuates significantly, it can impact the price of 1-decene and make it less attractive to manufacturers. The price of 1-decene can impact its demand. If the price of 1-decene is too high, manufacturers may switch to using cheaper alternative materials, which could reduce demand for 1-decene.

However, developing new technologies and processes can affect the demand for 1-decene. For example, adopting more efficient manufacturing processes or developing new materials may reduce the demand for 1-decene and 1-Decene faces competition from various alternative materials that can be used in its place. If these substitute materials become more readily available or more cost-effective, it could reduce the demand for 1-decene.

COVID-19 Impact Analysis

COVID-19 has disrupted global supply chains and caused a slowdown in economic activity. One of the main impacts of the pandemic has been a decrease in demand for 1-decene, as industries that use 1-decene as raw material, such as the automotive and construction industries, have been hit hard by the economic downturn caused by the pandemic. It has decreased the demand for products made using 1-decene, reducing the demand for 1-decene.

Disruption in global supply chains has caused price fluctuations and made it more difficult for manufacturers to secure a stable supply of 1-decene. Overall, the COVID-19 pandemic has had a negative impact on the global 1-decene market, leading to a decrease in demand and disruptions to the supply chain. However, as the pandemic was controlled and economic activity recovered, the market began to recover.

Segment Analysis

The global 1-decene market is segmented based on derivative, application and region.

Ability to offer high viscosity index, superior volatility and oxidative stability, the demand for polyalphaolefins is growing

Polyalphaolefins (PAOs) are a type of synthetic lubricant base oil that is made from alpha-olefins, which are a class of unsaturated hydrocarbons. PAOs are highly valued for their high viscosity index, which measures a lubricant's ability to maintain a consistent viscosity over a wide range of temperatures. PAOs have a very high viscosity index, meaning they maintain a consistent viscosity over a wide range of temperatures, making them suitable for various applications. PAOs also have excellent oxidative stability, which means they resist breaking down and forming sludge or varnish when exposed to oxygen. It makes them suitable for use in applications where lubricants are exposed to high oxygen levels, such as in internal combustion engines.

All of these properties make PAOs highly desirable for use in applications including automotive, industrial and aerospace. Furthermore, the growing demand for polyalphaolefins contributes to the growth of the global 1-Decene market.

Geographical Analysis

The global 1-decene market is segmented based on derivative, application and region.

Owing to the enormous production of plastics and lubricating oils, the Asia-Pacific 1-Decene market is booming

The Asia-Pacific is a major player in the global 1-decene market and it has traditionally been the largest market for 1-decene. There are a few reasons why the Asia-Pacific has come to dominate the global 1-decene market. Increased demand for 1-decene: Lubricant oil is made using various raw materials, including 1-decene. As the production of lubricant oil increases, so does the demand for 1-decene, as it is a key raw material in producing these lubricants.

The production of lubricant oil in Asia-Pacific has been shifting towards producing synthetic lubricants made using 1-decene and other chemical compounds. It has increased the demand for 1-decene in the region. The demand for polyethylene has grown in recent years due to its widespread use in various applications. As the demand for polyethylene increases, so does the demand for 1-decene, as it is a key raw material in the production of polyethylene.

Global 1-Decene Market Competitive Landscape

Manufacturers are making several strategic decisions in the global 1-decene market to develop effective technologies and increase production rates to meet market demand. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are Chevron Phillips Chemical Company, Exxon Mobil Corporation, INEOS Group Limited, Royal Dutch Shell, SABIC, Sasol Limited, Alfa Aesar, Idemitsu Petrochemical Company, PJSC Nizhnekamskneftekhim and SEA-LAND Chemical Company.

Chevron Phillips Chemical Company

Overview: Phillips 66 and Chevron Corporation jointly own the petrochemical business known as Chevron Phillips Chemical Company, LLC. On July 1, 2000, Chevron Corporation and Phillips Petroleum Company's chemical operations were combined to form the new company. Chevron Phillips Chemical Company LP produces petrochemical products. The company sells polyalphaolefins, polyethylene, alpha olefins and aromatics. Products from Chevron Phillips Chemical are sold all over the world. The company offers product solutions such as aromatics, drilling specialties, normal alpha olefins, performance pipe, olefins, polyalphaolefins, polyethylene and specialty chemicals. It serves industries including automotive, energy & chemical, food & agriculture, medical & pharmaceuticals, personal care, home & electronics, recreational and other industries. The company operates in the region, including Europe, Asia, South America, North America and the Middle East.

Application Portfolio:

Polyalphaolefins: Chevron manufactures superior polyalphaolefins (PAOs). Alpha olefins are used to create PAOs, specially formulated chemicals. They have become essential parts in numerous industries and applications and are used in numerous synthetic products like lubricants, greases and fluids. In addition to other performance attributes, the PAO molecule's stability makes it superior to mineral oils for increasing applications. The product benefits include superior purity and quality and great product performance.

Key Development On December 14, 2022, In its Belgium facility, Chevron Phillips Chemical (CPChem) announced a groundbreaking expansion of the polyalphaolefin (PAO) unit. The increase in PAO production capacity represents a substantial regional investment and demonstrates CPChem's dedication to meeting the rising demand for PAO products globally. The company can take advantage of strong local expertise, maximize synergies with the current unit and take advantage of Belgium's strategic location to meet customer needs globally owing to the expansion of our production capacity.

Why Purchase the Report?
• To visualize the global 1-decene market segmentation based on derivative, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global 1-decene market by analyzing trends and co-development.
• Excel data sheet with numerous data points of 1-decene market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Application mapping available as excel consisting of key products of all the major market players.

The global 1-decene market report would provide approximately 53 tables, 51 figures and 230 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies