Global 1-Decene Market size was valued at USD 622.5 million in 2021 and is predicted to reach USD 1034.0 million by 2030 with a CAGR of 5.8% from 2022-2030. 1-decene is an alkene that consists of a chain of ten carbon atoms. The chemical formula for this alkene is C10H20 and is produced through oligomerization of ethylene or catalytic cracking. It is an industrial-essential isomer with a variety of commercial applications such as in the production of epoxides, oxo alcohols, amines, synthetic lubricants, synthetic fatty acids and alkylated aromatics. Also, it is used in the manufacturing of surfactants and polyalphaolefin synthetic lubricant base-stock.
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Competitive Landscape
The market comprises of major players including Sabic, Sea-Land Chemical Company, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, Alfa Aesar, Merck Group, Toronto Chemical Industry Company Limited, and Spectrum Chemical Mfg. Corp. The increasing demand from the automotive industry, aeromechanics, and the rise in awareness regarding the use of environment-friendly products is anticipated to boost the market growth. Moreover, these market players are adopting various collaboration strategies and planning expansion of business across various regions to maintain their dominance in the 1-Decene market. For example, .in February 2021, Chevron Phillips Chemical Company LLC had announced that they have completed the acquisition of BioTelemetry, one of the leading U.S.-based providers of remote cardiac diagnostics and monitoring. The aim of the acquisition is to transform the delivery of care and health continuum with integrated solutions across healthcare centers.
Market Dynamics and Trends
The demand for 1-decene is rising due to increase in adoption of low-density polyethylene for manufacturing kitchen appliances and production of grease, engine oils, and other lubricants. At the same time, rise in consumption of synthetic lubricants in the cosmetics, food & beverage, and automotive industries supports the expansion of 1-decene market. Also, reductions in raw material prices are expected to fuel the global 1-decene market demand during the forecast period. These materials have an advantage over other conventional materials owing to their better elasticity, transparency, heat resistance, and mechanical qualities. In addition, they are more efficient than traditional materials and are widely used in the synthesis of organic perfumes, flavors, oil, pharmaceuticals, resins, and dyes. These, along with their growing usage as a monomer in copolymers, and high-performance synthetic lubricant in marine applications, industrial gear systems, transmission engines, and aviation drive the growth of the 1-decene market.
On the other hand, factors such as weaker economic development in major markets throughout the world, lack of on-purpose production processes, fluctuation of raw material costs, and high cost of catalysts are expected to restrain the growth of the market during the forecast period. Nevertheless, growing R&D investments for the development of alpha-olefins and the growth in wind power industry are expected to generate demand potential for the 1-decene business in coming years.
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KEY MARKET SEGMENTS
- 1-Decene Market- By Application
- Plasticizers
- Polyethylene
- Synthetic Lubricants
- Detergents and Surfactants
- Others
- 1-Decene Market- By Derivative
- Polyalphaolefins
- Oxo Alcohols
- Linear Alkyne Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
- Others
- 1-Decene Market- By Method of Production
- Catalytic Cracking
- Oligomerization of Ethylene
- Others
- 1-Decene Market- By End-Use
- Food & Beverage Industry
- Pharmaceutical Industry
- Paints & Dyes Industry
- Others
- 1-Decene Market- By Geography
- North America
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- U.S
- Canada
- Mexico
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- Europe
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- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
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- Asia-Pacific
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- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
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- RoW
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- UAE
- Saudi Arabia
- South Africa
- Brazil
- Remaining countries
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