According to the latest report by IMARC Group, title “1-Decene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, the global 1-decene market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
1-Decene refers to a hydrocarbon that consists of a chain of ten carbon atoms with one double bond and belongs to the alkene group. In terms of grade, it can be categorized into bio-based and synthetic types. These 1-Decene chemicals are mostly produced by the oligomerization of ethylene and by breaking higher carbon content petroleum waxes. They are commonly utilized as a monomer in copolymers and act as essential intermediates in the production of synthetic lubricants, epoxides, amines, oxo alcohols, alkylated aromatics, etc. 1-Decene compounds are further employed in the production of poly alpha olefins (PAO) which are used as high-performance synthetic lubricants for automatic transmission engines and industrial gear systems. Consequently, they find extensive applications across numerous sectors, such as automobile, manufacturing, oil and gas, food and beverage (F&B), etc.
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1-Decene Market Trends:
The rising demand from the F&B segment for effective food additives and glazing and polishing agents is primarily driving the 1-Decene market. Besides this, the increasing product usage as an intermediate in the production of detergents and their derivatives is acting as another significant growth-inducing factor.
Moreover, the growing automotive industry and the shifting preferences towards synthetic lubricants for engines are also positively influencing the global market. In line with this, the elevating employment of the product as compressor oil, transmission oil, gear oil, and lube-oil additive is expected to catalyze the 1-Decene market in the coming years.
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|1-Decene Market Report Scope|
|Market size value in 2022||US$ 1.2 Billion|
|Market forecast in 2028||US$ 1.7 Billion|
|Growth Rate||CAGR of 5.8% from 2023 to 2028|
|Base year for estimation||2022|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Derivative, Grade, Application and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Derivative:
- Oxo Alcohols
- Linear Alkyl Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
Breakup by Grade:
Breakup by Application:
- Synthetic Lubricants
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
List of Key Companies Covered in this Market Report:
The major players in the market are Alfa Aesar (Thermo Fisher Scientific), Angene Chemical Private Limited, Chevron Phillips Chemical Company LLC, Gelest Inc. (Mitsubishi Chemical Corporation), Idemitsu Kosan Company Ltd., Ineos Group Ltd, Merck KGaA, PJSC Nizhnekamskneftekhim, Saudi Basic Industries Corporation and Spectrum Laboratory Products Inc.
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