1-Decene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, and Others), Application (Surfactants, Plasticizers, Synthetic Lubricants, Polyethylene, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Market Snapshot

1-decene - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The market for 1-decene is expected to grow at a CAGR of over 3% during the forecast period. The major factor driving the growth of the 1-decene market is the increasing demand from the surfactants segment as a chemical intermediate. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.

  • Polyalphaolefin is expected to remain largest due to its increasing applications from the various sectors during the period of forecast.
  • Asia-Pacific is expected to be the largest market due to the large-scale production and consumption of the 1-decene products in the region.

Scope of the Report

The 1-Decene Market report includes:

Derivative
Polyalphaolefins
Oxo Alcohols
Linear Alkyl Benzene
Linear Mercaptans
Chlorinated Alpha Olefins
Others
Application
Surfactants
Plasticizers
Synthetic Lubricants
Polyethylene
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Polyalphaolefins to be the Largest Segment for 1-Decene Market

  • 1-decene is majorly employed in the production of polyalphaolefins (PAO), a type of synthetic lubricant. Polyalphaolefins are significantly utilized in the automotive and manufacturing businesses.
  • Moroever, they are also utilized as compressor oil, transmission oil, lube-oil added substance, and gear oil.
  • In 2020, it is estimated that the worldwide wind turbine gear oil market volume amount to 41,100 million metric tons.
  • By 2023, the global market value of the synthetic lubricants is anticipated to reach a value of USD 37.3 billion.
  • All the aforementioned factors are expected to drive the 1-decene market during the forecast period.
1-Decene Market Revenue Share

Asia-Pacific Region to Dominate 1-Decene Market

  • Asia-Pacific region holds a prominent share in the 1-decene market globally and is expected to dominate the market during the forecast timeline.
  • In 2019, Malaysia produced approximately 138.5 thousand metric tons of lubricating oil.
  • Detergent alcohols and their subordinates are key raw materials utilized for delivering surfactants in clothing and dishwashing applications. In 2020, the Asia-Pacific region is forecasted to add up to USD 8.057 billion in revenue from the dishwashing detergents section.
  • The demand for polyethylene from the Asia-Pacific region is expected to be 62 million metric tons in 2022.
  • Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
1-Decene Market Regional Trends

Competitive Landscape

The market for 1-decene is consolidated. Some of the players in the market include SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, and Exxon Mobil Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Industrial Surfactants as a Chemical Intermediate

      2. 4.1.2 Rising Demand for Polyalphaolefin

    2. 4.2 Restraints

      1. 4.2.1 Outbreak of Covid-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Derivative

      1. 5.1.1 Polyalphaolefins

      2. 5.1.2 Oxo Alcohols

      3. 5.1.3 Linear Alkyl Benzene

      4. 5.1.4 Linear Mercaptans

      5. 5.1.5 Chlorinated Alpha Olefins

      6. 5.1.6 Others

    2. 5.2 Application

      1. 5.2.1 Surfactants

      2. 5.2.2 Plasticizers

      3. 5.2.3 Synthetic Lubricants

      4. 5.2.4 Polyethylene

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Chevron Phillips Chemical Company

      2. 6.4.2 Exxon Mobil Corporation

      3. 6.4.3 INEOS

      4. 6.4.4 Idemitsu Kosan Co.,Ltd

      5. 6.4.5 LG Chem

      6. 6.4.6 PJSC Nizhnekamskneftekhim

      7. 6.4.7 Qatar Petroleum

      8. 6.4.8 Royal Dutch Shell

      9. 6.4.9 SEA-LAND CHEMICAL COMPANY

      10. 6.4.10 SABIC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The 1-Decene Market market is studied from 2016 - 2026.

The 1-Decene Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

SABIC, SEA-LAND CHEMICAL COMPANY, PJSC Nizhnekamskneftekhim, Royal Dutch Shell, Exxon Mobil Corporation are the major companies operating in 1-Decene Market.

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