The latest research study “1-Decene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global 1-decene market size reached US$ 1.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.62 Billion by 2027, exhibiting a growth rate (CAGR) of 6.02% during 2022-2027.
What is 1-Decene?
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends and Drivers:
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 |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 1.12 Billion |
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Market forecast in 2027 |
US$ 1.62 Billion |
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Growth Rate |
CAGR of 6.02% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Derivative, Grade, Application and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Global 1-Decene Market Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- Spectrum Laboratory Products Inc.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Derivative:
- Polyalphaolefins
- Oxo Alcohols
- Linear Alkyl Benzene
- Linear Mercaptans
- Chlorinated Alpha Olefins
- Others
Breakup by Grade:
- Bio-Based
- Synthetic
Breakup by Application:
- Surfactants
- Plasticizers
- Synthetic Lubricants
- Polyethylene
- Others
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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