Global 1-Decene Market, By Grade (Bio-Based and Synthetic), Application (Polyethylene, Poly Alpha Olefins, Detergent Alcohol, Surfactants, Plasticizers, Synthetic Lubricants, and Others), End-Use (Food and Beverage Industry, Pharmaceutical Industry, Paints and Dyes Industry, and Others), Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, and Others) - Industry Trends and Forecast to 2031.
1-Decene Market Analysis and Size
The 1-decene market is advancing with innovations in production methods, particularly bio-based synthesis. It is used in synthetic lubricants, surfactants, and polyethylene production. Cutting-edge technology like metallocene catalysis enhances efficiency. Growth is driven by increasing demand for eco-friendly products and expanding applications in automotive and industrial sectors. Insights highlight sustainability and technological integration as key trends.
The global 1-decene market size was valued at USD 1.07 billion in 2023 and is projected to reach USD 1.79 billion by 2031, with a CAGR of 6.65% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Bio-Based and Synthetic), Application (Polyethylene, Poly Alpha Olefins, Detergent Alcohol, Surfactants, Plasticizers, Synthetic Lubricants, and Others), End-Use (Food and Beverage Industry, Pharmaceutical Industry, Paints and Dyes Industry, and Others), Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Shell International B.V. (Netherlands), INEOS AG (U.K.), Chevron Phillips Chemical Company LLC (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Qatar Chemical Company Ltd (Qatar), Idemitsu Kosan Co., Ltd (Japan), Thermo Fisher Scientific India Pvt. Ltd. (U.S.), Spectrum Chemical Manufacturing Corp (U.S.), and GELEST, INC (U.S.)
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Market Opportunities
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Market Definition
1-Decene is a hydrocarbon with the formula C10H20. It is an alpha-olefin, characterized by a double bond at the first carbon atom. This clear, colorless liquid is used primarily as a chemical intermediate in the production of polyalphaolefins, which are key components in synthetic lubricants, and in the manufacturing of surfactants and plasticizers.
1-Decene Market Dynamics
Drivers
- Rising Demand for Polyalphaolefins (PAOs)
Rising demand for polyalphaolefins (PAOs), made from 1-decene, significantly drives the 1-decene market. PAOs are key in high-performance synthetic lubricants and greases, essential for automotive and industrial applications. For instance, the growing electric vehicle (EV) market, which requires advanced lubricants for efficiency and durability, boosts the demand for PAOs, subsequently increasing the need for 1-decene as a raw material.
- Increasing Use in Surfactants
The increasing use of 1-decene in surfactants, essential for detergents and personal care products, significantly drives the market. For instance, the growing consumer demand for high-performance cleaning agents and skincare products boosts the need for effective surfactants. As manufacturers seek to enhance product quality and performance, the reliance on 1-decene for surfactant production rises, thereby propelling the 1-decene market forward.
Opportunities
- Technological Advancements in Manufacturing Processes
Technological advancements in the production processes of 1-decene, particularly through catalytic oligomerization, have significantly enhanced efficiency and reduced costs. For instance, Shell's development of advanced catalysts has streamlined 1-decene synthesis, leading to higher yields and lower production expenses. These improvements not only make 1-decene more attractive for various applications but also create new market opportunities by enabling more cost-effective and scalable production methods.
- Growing Demand for Adhesives and Sealants
The growing demand for adhesives and sealants in the construction and packaging industries drives the need for 1-decene. As these sectors expand, the use of 1-decene in producing high-performance adhesives and sealants increases. For instance, the rise in residential and commercial construction projects globally necessitates advanced adhesive solutions, creating significant market opportunities for 1-decene manufacturers to meet this growing demand.
Restraints/Challenges
- Price Volatility of Raw Materials
Fluctuations in crude oil prices significantly affect 1-decene production costs, creating uncertainty that hampers market stability and profitability. Dependency on oil prices exposes producers to financial risks, impacting their ability to forecast costs accurately. This volatility poses a continuous challenge in managing operational expenses and maintaining competitive pricing within the market.
- High Production Costs
High production costs associated with 1-decene stem from its complex and capital-intensive manufacturing process. This includes substantial investments in infrastructure, advanced technology, and skilled labor. These cost barriers can restrict profitability and hinder market expansion, posing significant challenges for producers in maintaining competitive pricing and scaling operations to meet demand efficiently.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
1-Decene Market Scope
The market is segmented on the basis of grade, derivative, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Bio-Based
- Synthetic
Application
- Polyethylene
- Poly Alpha Olefins
- Detergent Alcohol
- Surfactants
- Plasticizers
- Synthetic Lubricants
- Others
End-Use
- Food and Beverage Industry
- Pharmaceutical Industry
- Paints and Dyes Industry
- Others
Derivative
- Polyalphaolefins
- Oxo Alcohols
- Linear Alkyl Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
- Others
1-Decene Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by grade, derivative, application and end-use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is poised to lead the hydrochloric acid market, driven by its burgeoning utilization in aerospace applications. The region's emphasis on aerospace technologies fuels demand, propelling its dominance in the market landscape.
Asia-Pacific is expected to show significant growth in the hydrochloric acid market, driven by increasing spending on research and development for defence and aerospace applications in emerging economies. This trend underscores the region's expanding industrial and technological capabilities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 1-Decene Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Shell International B.V. (Netherlands)
- INEOS AG (U.K.)
- Chevron Phillips Chemical Company LLC (U.S.)
- SABIC (Saudi Arabia)
- Exxon Mobil Corporation (U.S.)
- Qatar Chemical Company Ltd (Qatar)
- Idemitsu Kosan Co., Ltd (Japan)
- Thermo Fisher Scientific India Pvt. Ltd. (U.S.)
- Spectrum Chemical Manufacturing Corp (U.S.)
- GELEST, INC (U.S.)
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