Middle East 1-tetradecene Market
- Report Code: 1- 1003
- Publish Date: Upcoming
The Middle East 1-tetradecene market is projected to grow at a CAGR of 4.88% between 2012 and 2018. This market report mainly analyzes various market dynamics that includes drivers, restraints, and upcoming opportunities. It also sheds light on a comprehensive overview of key market players, growth strategies adopted by them, current market trends, and recent developments taking place in the 1-tretradecene industry. 1-tetradecene market is primarily derived from its parent market, named as linear alpha olefins. The chemical structure of these alpha olefins is made of twelve carbon atoms that are bonded at the alpha position. With this bonding, the reactivity of these chemical compounds increases rapidly, thereby enhancing its scope of application in numerous industries.
The global polyalphaolefin market is primarily driven by the growth observed in polyethylene application, which accounts for the highest consumption of alpha olefins. Being a sub-product of this market, 1-tretadecene market is dependent on the progressing demand for co-monomers that are utilized in the development of polyalphaolefins and polyethylene. Therefore, the rising demand of co-monomers has become a significant driver influencing the rapid growth of the 1-tetardecene market. The Middle East is one such geographic region that has contributed to the maximum extent for the rapid growth of 1-tetratedecene market. Rise in the number of chemical industries and subsequent increase in the overall consumption of these chemical commodities are some of the main factors augmenting the growth of 1-tetradecene market in this region. Apart from this, there are other market drivers, such as technological development in the chemical sector and fierce competition observed among polyethylene manufacturers.
Polyalphaolefins are applied in a wide range of chemical industries that covers production of polyethylene mainly used in synthetic lubricants and detergent alcohols. The Middle East 1-tetradecene market is classified according to ingredient, application, and geography. On the basis of application, this market gets segregated into lubricant, plasticizer alcohols (c4-c13), alkylbenzenes – linear & branched, detergent alcohols, alpha olefin sulfonates (aos), and oilfield chemicals. Ingredients of this market include two essential components, which are coal and ethylene.
Companies thriving in the Middle East 1-tetradecene market include Evonik Industries AG, Exxon Mobil Corp., Dow Chemical Company, Godrej Industries Ltd., SABIC, Sasol Limited, Idemitsu Kosan Co., Ltd., INEOS Oligomers, Linde AG, Mitsubishi Chemical Corporation, NizhnekamskNeftekhim Inc., (NKNK), and Qatar Chemical Company Ltd (Q-Chem), among many others.
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