Alpha Olefin Industry analysis research and trends report Alpha Olefin Market | Page 2

North America, led by Mexico, Canada and the U.S. alpha olefin market size, is
anticipated to rise significantly in the projected time period. Growing oil & gas
exploration and production activities owing to rising shale oil reserves should promote
alpha olefin demand. Capacity expansion by major players including Chevron Phillips
Chemical Company, Dow chemical and ExxonMobil should cater growing product
demand, thus driving regional industry growth.
Asia pacific, led by Australia, South Korea, Japan, China and India market size is
anticipated to experience significant growth in plastics industry. China is the largest
plastic products producer and consumer. Rising plastics usage in consumer
electronics, automotive, packaging and medical industries should promote regional
industry growth. Supportive Chinese government initiatives including “Made in China”
providing favourable investment climate will promote inland product manufacturing,
thus driving regional alpha olefin market growth.
Global alpha olefin market share is moderately fragmented. The key players operating
in the market includes Royal Dutch Shell, Chevron Phillips Chemical, INEOS Group,
Evonik Industries, SABIC, ExxonMobil, PJSC Nizhnekamskneftekhim, Qatar
Chemical Company, Idemitsu Kosan Co and Sasol Limited.
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