The 1-dodecene market is considered as the sub-category of its parent market, named as Linear Alpha-Olefins. These are basically known as olefins or alkenes, consisting of a chemical formula which is distinguished from its other molecular components. 1-dodecene is a chain of twelve carbon atoms, integrated by a double bond at the alpha position. It is a type of olefin that is primarily used in a variety of applications, especially in the production of detergent alcohols and poly alpha olefins. The Asia-Pacific 1-dodecene market is considered to be the third largest market in this segment, preceded by North America and Europe, and it is projected to grow at a CAGR of 5.05% from 2012 to 2018.
The main factor affecting the overall demand of 1-dodecene market is the sudden rise in development of polyalphaolefin synthetic lubricant base stock (PAO), along with the production of varied surfactants. This has helped in triggering the growth of the Asia-Pacific 1-dodecene market. Key countries in the Asia-pacific region, includes Japan, China, India, and South Korea that have become major contributors, thereby stimulating the rapid growth of this market in the coming years. There are several other factors becoming significant market drivers for the 1-dodecene market in Asia-Pacific, which includes growing economic rates that has helped in the overall production and consumption of alpha olefins, and continuous technological advancements made in the field of alpha olefins. Also, the incessant rise observed in the plastic industry has elevated the usage of polyalphaolefin, resulting in the progression of the Asia-Pacific 1-dodecene market.
In this cut-throat competitive segment of alpha olefins, there are major players dominating the market such as Dow Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Godrej Industries Ltd., INEOS Oligomers, Idemitsu Kosan Co. Ltd., Linde AG, Mitsubhishi Chemical Corporation, Qatar Chemical Company Ltd. (Q-Chem), Royal Dutch Shell Plc., and Sasol Limited. The Asian 1-dodecene market is segmented as per geography, ingredient, and application. With respect to ingredient, this market is classified into two main categories, namely coal and ethylene. According to application, the market is segregated into Alkylbenzenes, Linear & Branched, Alpha Olefin Sulfonates (AOS), Detergent Alcohols, Lubricant, Oilfield Chemicals, Plasticizer Alcohols (C4-C13), and Polybutylene.
The Asia-Pacific 1-dodecene market report effectively studies and forecasts the market, with in-depth region specific data and various market dynamics, such as drivers, restraints, and upcoming opportunities. It also analyzes key growth strategies adopted by the leading companies in this market, along with recent developments and market share.
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