1-Decene

1-Decene

Global 1-Decene Market to Reach US$1.0 Billion by 2030

The global market for 1-Decene estimated at US$653.6 Million in the year 2023, is expected to reach US$1.0 Billion by 2030, growing at a CAGR of 7.0% over the analysis period 2023-2030. Polyalphaolefins Derivative, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$745.4 Million by the end of the analysis period. Growth in the Oxo Alcohols Derivative segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$156.9 Million While China is Forecast to Grow at 10.3% CAGR

The 1-Decene market in the U.S. is estimated at US$156.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$136.2 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global 1-Decene Market - Key Trends & Drivers Summarized

1-Decene is a linear alpha olefin, a type of hydrocarbon characterized by having a double bond at the alpha position of its carbon chain. This chemical compound is typically derived through the oligomerization of ethylene or the Fischer-Tropsch process from coal or natural gas. 1-Decene serves as an essential building block in the production of synthetic lubricants, surfactants, and detergents, and it is particularly valued for its ability to undergo reactions that form more complex molecular structures. Its role is critical in the manufacture of polyalphaolefins (PAOs), which are high-performance synthetic base oils used extensively in automotive and industrial lubricants.

The demand for 1-Decene is closely linked to its applications in various industries. The most significant use is in the synthesis of PAOs, which are preferred in applications requiring high stability, low volatility, and excellent performance at extreme temperatures. These properties make PAOs ideal for use in high-performance motor oils, gear oils, and hydraulic fluids. Besides lubricants, 1-Decene is also a key component in the production of alkylbenzenes for detergents and linear alkylbenzene sulfonates (LABS), which are common in household cleaning products. The versatility of 1-Decene in synthesizing a range of derivatives that meet specific industrial requirements boosts its demand across multiple sectors, including automotive, manufacturing, and consumer goods.

The growth in the 1-Decene market is driven by several factors, including advances in chemical processing technology, expanding automotive and industrial sectors, and stringent environmental regulations. Technological improvements in the extraction and processing of natural gas, where 1-Decene is often sourced, have made this feedstock more accessible and cost-effective, enhancing market supply dynamics. The escalating production and sales of vehicles worldwide necessitate more high-quality lubricants, propelling the demand for PAOs and subsequently for 1-Decene. Additionally, regulatory trends towards environmentally safer and biodegradable products encourage the development of new 1-Decene-based formulations that align with sustainability goals.

Select Competitors (Total 38 Featured) -

• Chevron Phillips Chemical Company LLC
• Exxon Mobil Corporation
• Idemitsu Kosan Co., Ltd.
• INEOS Group Holdings S.A.
• Cole-Parmer Instrument Company LLC
• Nizhnekamskneftekhim
• Gelest, Inc.
• DAYANG CHEM (HANGZHOU) CO., LTD
• Chiron AS
• Hefei TNJ Chemical Industry Co., Ltd.
• Alfa Chemistry
• Orochem Technologies Inc.
• Angene International Ltd.
• GM Chemical Co., Ltd.
• City Chemical LLC

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