- Oxo Alcohols
- Linear Alkyne Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
1-Decene market was valued at USD 701.3 million in 2022 and is poised to grow at a CAGR of 5.9% over 2023-2029. 1-Decene is a type of alpha-olefin that has the chemical formula C10H20 and is a linear, branched-chain hydrocarbon that is frequently used in the production of polymers, resins, and synthetic lubricants, and are useful chemical intermediates. The extensive demand for linear low-density polyethylene (LLDPE) in packaging, automotive parts, and various other applications drives the 1-Decene market. Furthermore, the expansion of the petrochemical and olefin industries as the world economy develops has significantly influenced the demand for 1-decene.
Additionally, the rising concerns about sustainability and environmental effects have created several opportunities for manufacturers to generate 1-decene from renewable feedstocks like biomass or bio-based sources. Currently, the products created from bio-based materials, particularly those derived from 1-decene, are in greater demand on the market. The popularity of 1-decene and its derivatives made from biomaterials is growing as a result of their biodegradability and diminished environmental effects. Moreover, the increased R&D investments for the development of alpha olefins from different sources are also anticipated to propel the market growth. For instance, in 2010, researchers at the Center for Biorenewable Chemicals (CBiRC), a US Engineering Research Center supported by the NSF, demonstrated that E. coli can synthesize medium chain length free fatty acids utilizing sugars as a source of carbon. Codon-optimized eukaryotic and prokaryotic enzyme sources expressed in microbial systems are used in the study. But, the constant fluctuating prices of crude oil prices and feedstock availability along with concerns about the environmental impact of 1-decene-derived products may hinder the market growth. However, the increase in the manufacturing of PAOs, increased demand for PAOs-based synthetic lubricants, technological advances and expansions are anticipated to burgeon the market during the forecast years.
Fastest Growing Market
The market is expected to rise owing to the significant increase in demand for the production of Polyalphaolefins (PAO) in the automotive and manufacturing businesses. The demand for PAOs is higher than that of mineral oils due to their improved oxidative stability, superior volatility, outstanding low-temperature viscosities, high viscosity index, and great pour points. Automotive and industrial uses for PAOs include motor oils, lubricants for wind turbines, heavy-duty diesel engine oils, compounds for fiber optic cables, hydraulic oils, transmission fluids, compressor oils, and gear oils. It is predicted that two factors will have an impact on the growth of the global 1-decene market: an increase in the variety of lubricants and an increase in the share of PAO lubricants. Furthermore, as part of food-grade lubricants, PAO-based lubricants can also be employed.
The 1-Decene market valued at USD 701.3 million in 2022 and is expected to grow at 5.9% CAGR over the forecast period 2023 – 2029.
The extensive demand for linear low-density polyethylene (LLDPE) in packaging, automotive parts, and various other applications drives the 1-Decene market.
Otto Chemie Pvt. Ltd., Dowpol Chemical International Corp., Hubei Jusheng Technology Co., Ltd., Imkemex Marketing Private Limited, National Analytical Corporation, SIELC Technologies, Ningbo Inno Pharmchem Co. Ltd., and GM Chemical Co., Ltd. Royal Dutch Shell, INEOS, Chevron Phillips Chemical Company LLC, SABIC, Exxon Mobil Corporation, Qatar Chemical Company II Ltd., Idemitsu Kosan Co., Ltd., Alfa Aesar, Merck Group, Toronto Chemical Industry Company Limited, Spectrum Chemical Mfg. Corp., Agene Chemicals, and Gelest Inc. are a few companies operating in 1-Decene market
North America dominates & is anticipated to grow with 6.2% CAGR over the forecast period 2023-2029.