Dublin, March 05, 2018 (GLOBE NEWSWIRE) -- The "1-Decene Market by Derivative (Polyalphaolefins, Oxo Alcohols (Plasticizer and Detergent Alcohols), Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, Alkyl Dimethylamine & di-Alkyl Dimethylamine) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The 1-Decene market projected to reach USD 1.27 billion by 2022

Increasing demand for 1-Decene from end-use industries such as automobiles and packaging is expected to drive the 1-Decene market. However, volatility in raw material prices and growth of group III base oils are considered as restraints for the growth of the 1-Decene market.

Polyalphaolefins is the largest and fastest-growing segment of the 1-Decene market and is expected to continue its dominance during the forecast period. Low and high-temperature viscosity performance; chemical and shear stability; and resistance to oxidation, thermal breakdown, and oil sludge problems are some of the advantages of polyalphaolefins over traditional lubricants.

The growth of the lubricants market is driven by the increasing demand from end-use industries, such as automotive and manufacturing. The polyalphaolefins segment is further subsegmented into synthetic lubricants and others. High demand for synthetic lubricants in diesel engines is expected to fuel the 1-Decene market during the forecast period.

North America is the largest industrial base for oil & gas, petrochemicals, packaging, automotive, electronics, paints & coatings, pulp & paper, pharmaceuticals. The market in this region has promising growth potential, owing to the availability of low-cost raw materials and the development of shale gas. The US is the leading producer and consumer of 1-Decene in the region. The 1-Decene market in the US is driven by the increasing demand for derivatives from various industries such as automotive, packaging, and others.

There is also presence of manufacturers of 1-Decene such as Chevron Phillips Chemical (US) and ExxonMobil (US) in the US.

Market Dynamics

Drivers

• Increasing Demand for Paos-Based Synthetic Lubricants

Restraints

• Growth of Group III Base Oils
• Volatile Raw Material Prices

Opportunities

• Growing R&D Investments for the Development of Alpha Olefins From Different Sources
• Growth of Wind Energy

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 1-Decene Market, By Derivative

7 1-Decene Market, By Region

8 Competitive Landscape

9 Company Profiles

• Chevron Phillips Chemical Company
• Exxonmobil Corporation
• Idemitsu Petrochemical Company
• Ineos Group Limited
• PJSC Nizhnekamskneftekhim
• Qatar Chemical Company
• Royal Dutch Shell
• SABIC
• Sasol Limited

For more information about this report visit https://www.researchandmarkets.com/research/sz562r/global_1decene?w=12

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