What is Global 1-Octene Market?
The Global 1-Octene Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. The 1-Octene is an organic compound which is made up of carbon and hydrogen atoms. It is a colorless liquid that is used in the production of various types of polymers. The 1-Octene is primarily used as a comonomer in the production of certain kinds of polyethylene, such as linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). It is also used in the production of polypropylene (PP). These polymers are widely used in various industries such as packaging, automotive, construction, and others due to their superior properties such as high strength, flexibility, and resistance to chemicals and UV radiation.
As a Comonomer for LLDPE, HDPE, PP, As Surfactant or Plasticizer for 1-Octanol, Others in the Global 1-Octene Market:
In addition to being used as a comonomer, 1-Octene is also used as a surfactant or plasticizer for 1-Octanol. Surfactants are compounds that lower the surface tension between two liquids or between a liquid and a solid. They are used in a wide variety of applications, including detergents, emulsifiers, foaming agents, and dispersants. On the other hand, plasticizers are substances that are added to materials to increase their plasticity or decrease their viscosity. They are commonly used in the production of plastics, especially PVC.
Polyethylene, Polypropylene Plastics, Surfactant, Plasticizer, Synthetic Lubricant, Others in the Global 1-Octene Market:
The Global 1-Octene Market also finds its usage in the production of synthetic lubricants. These lubricants are used in various industries such as automotive, industrial machinery, and others to reduce friction between moving parts, thereby increasing the efficiency and lifespan of the machinery. Furthermore, 1-Octene is also used in the production of surfactants, which are used in a wide variety of applications, including detergents, emulsifiers, foaming agents, and dispersants.
Global 1-Octene Market Outlook:
In terms of the market outlook, the Global 1-Octene Market was valued at US$ 1998.3 million in 2022. It is expected to grow at a steady pace, reaching a value of US$ 2656.2 million by 2029. This represents a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for 1-Octene from various end-use industries such as packaging, automotive, construction, and others. The growth of these industries is driven by factors such as increasing population, urbanization, and industrialization, especially in developing countries.
| Report Metric | Details |
| Report Name | 1-Octene Market |
| Accounted market size in 2022 | US$ 1998.3 in million |
| Forecasted market size in 2029 | US$ 2656.2 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Chevron Phillips Chemical, Royal Dutch Shell, Sasol, INEOS, Idemitsu Kosan, Nizhnekamskneftekhim |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
