1-Decene Market Report by Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, and Others), Grade (Bio-Based, Synthetic), Application (Surfactants, Plasticizers, Synthetic Lubricants, Polyethylene, and Others), and Region 2024-2032
The global 1-decene market size reached USD 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 1.3 Billion
Market Forecast in 2032
USD 2.0 Billion
Market Growth Rate 2024-2032
5.1%
1-Decene is a hydrocarbon that belongs to the alkene group and consists of a chain of ten carbon atoms with one double bond. It is a white, clear, mobile liquid with a pleasant odor that is toxic in nature. It is commonly produced by the oligomerization of ethylene or by cracking higher carbon content petroleum waxes. 1-Decene is widely used as a monomer in copolymers and as an intermediate in the production of oxo alcohols, epoxides, alkylated aromatics, amines, and synthetic fatty acids. It is usually stored under a nitrogen blanket and exhibits anti-corrosive properties. As a result, it is used in perfumes, oils, dyes, pharmaceuticals, resins, dough dividing machines, industrial gear systems, automatic transmission engines, and marine applications.
1-Decene Market Trends:
The increasing utilization of 1-decene in the production of polyalphaolefin (PAO) is creating a positive outlook for the market. PAO is a synthetic lubricant that is widely utilized in the automotive and manufacturing industries as a transmission, compressor, lube-oil added substance and gear oil. Apart from this, the rising consumption of packaged food products is acting as another growth-inducing factor as 1-decene is employed to produce polymers, such as polyethylene, that are used to pack these items. They are also used as food additives, glazing and polishing agents, which, in turn, has intensified their adoption in the food and beverage (F&B) industry. Additionally, 1-decene is widely used as a chemical intermediate in the production of detergents and their derivates that are further incorporated in the manufacturing of industrial surfactants. This is facilitating their usage in end use industries, which is consequently creating a positive outlook for the market. Other factors, including the rising expenditure capacities of consumers, decrease in the prices of raw materials, and significant expansion in the automotive industry, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 1-decenemarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on derivative, grade and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Spectrum Laboratory Products Inc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Derivative, Grade, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global 1-decene market was valued at USD 1.3 Billion in 2023.
We expect the global 1-decene market to exhibit a CAGR of 5.1% during 2024-2032.
The rising demand for 1-decene as a chemical intermediate to produce detergents and their derivates, that are further utilized to manufacture industrial surfactants, is primarily driving the global 1-decene market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in the production activities of 1-decene.
Based on the derivative, the global 1-decene market can be divided into polyalphaolefins, oxo alcohols, linear alkyl benzene, linear mercaptans, chlorinated alpha olefins, and others. Currently, polyalphaolefins account for the majority of the global market share.
Based on the grade, the global 1-decene market has been segregated into bio-based and synthetic, where synthetic currently exhibits clear dominance in the market.
Based on the application, the global 1-decene market can be bifurcated into surfactants, plasticizers, synthetic lubricants, polyethylene, and others. Currently, synthetic lubricants hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global 1-decene market 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, and Spectrum Laboratory Products Inc.
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