1-Decene Market Projected to Reach $1.29 Billion by 2025: Grand View Research, Inc.
Desirable properties of synthetic lubricants in comparison with mineral oils such as wide range of working temperature, linear viscosity, less engine wear & tear have triggered synthetic oil demand in recent past. This fact in conjunction with increasing environmental concern regarding mineral oil is expected to foster the synthetic lubricant market over the forecast period.
Ample ethylene availability, which is an essential raw material for 1-decene production, ensures continuous raw material supply and has benefited the alpha olefin production. However, fluctuating ethylene prices have adversely affected manufacturer's profitability.
1-decene can only be obtained through full range alpha olefin production, and this has constrained the production growth over the past. Synthetic lubricant manufacturers have developed ester based oils to cope up with the C-10 and PAO short supply. Unavailability of on purpose production processes will probably set back the market growth.
The global market is oligopolistic in nature with top three players holding over 75% of the production. Shell Chemicals, CPChem, and Ineos have concentrated on capacity expansions and thus increase their market share. Key manufacturers use their patented technology while few others such as Q-Chem, Nizhnekamskneftekhim borrow the already patented technology for full range alpha olefin production. Most of the manufacturers have integrated throughout the value chain to gain a competitive advantage as well as profitability.
Browse full research report with TOC on"1-Decene Market Analysis By Application (Poly Alpha Olefin (PAO), Detergent Alcohol, Polyethylene) And Segment Forecasts To 2025" at:http://www.grandviewresearch.com/industry-analysis/1-decene-market
Further key findings from the study suggest:
Grand View Research has segmented the 1-decene market on the basis of application and region:
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