Lucintel's latest market report analyzed that high chain alpha olefin provides attractive opportunities in the packaging, electronics, paper & pulp, textile, automotive, mining, and consumer good sectors. The high chain alpha olefin market is expected to reach $11.0 billion by 2028 with a CAGR of 6%. In this market, 1-hexene is the largest segment by product, whereas packaging is largest by end use industry..
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Based on product, the high chain alpha olefin market is segmented into 1-butene, 1-decene, 1-hexene, 1-octene, 1-dodecene, amines, ethylene, and others. The 1-hexene segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its wide usage in the manufacturing of polyethylene, plasticizers, oxo alcohols, and synthetic fatty acid.
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The High Chain Alpha Olefin Market is marked by the presence of several big and small players. Some of the prominent players offering high chain alpha olefin include Royal Dutch Shell, Chevron Phillips Chemical, Ineos, SABIC, Sasol, and Evonik.
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