1-Decene Price Trend

1-Decene Prices June 2023

The price of 1-decene in the USA for June 2023 reached 926 USD/MT. Similarly, in China the price of 1-decene reached 1369 USD/MT in June 2023. And in Germany, the price of 1-decene reached 1235 USD/MT.

1-Decene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “1-Decene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 1-decene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 1-decene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

1-Decene Market Analysis

The global 1-decene market size reached US$ 1.21 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.85 Billion, at a projected CAGR of 4.80% during 2023-2032.

• The need for 1-decene to manufacture surfactants that are used in detergents, personal care products, and industrial cleaners is impelling the growth of the market. In addition, the increasing need for 1-decene as one of the major components in the manufacturing of polyethylene, which is widely preferred plastic material in packaging, construction and automotive industries is also strengthening the market growth.
• The increasing awareness among the masses about environmental concerns and regulatory pressure to reduce plastic waste is propelling the growth of the market. 1-decene serves as a precursor in the production of some biodegradable polymers, positioning it to benefit from the shift towards eco-friendly alternatives.
• The IMARC Group’s report shows that the global specialty chemical market reached US$ 754.6 Billion in 2023. Specialty chemicals are used as additives to modify the properties of plastics for specific applications. 1-decene derivatives, such as plasticizers and lubricants, are important additives that enhance the flexibility, durability, and performance of plastic products. The specialty chemicals segment, especially in the automotive, construction, and consumer goods industries, are catalyzing the need for 1-decene-based additives.
• The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas. Rapid urbanization and population growth is rising adoption of 1-decene additives in urban infrastructure and waste management, mainly in developing countries.
• In addition, 1-decene production is showing an upward trajectory because of its growing use in the chemical industry for various applications, including the production of plasticizers, lubricants, and specialty chemicals.
• Ongoing capital investments in R&D aimed at enhancing the manufacturing process, improving yield, and exploring new uses for 1-decene, along with the increasing improvements in technology is leading to cost reductions, higher product quality, and the discovery of novel uses for 1-decene, thus facilitating the growth of the market.
• Governing agencies in several countries are undertaking initiatives to promote sustainability, reducing emissions, and phasing out harmful chemicals around the world, which is supporting the market growth.

1-Decene News

The report covers the latest developments, updates, and trends impacting the global 1-decene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 1-decene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the 1-decene industry:

• In 2023, Exxon Mobil Corporation announced that it has closed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion, or $89.45 per share. This acquisition expands their low-carbon leadership and best position them to meet decarbonization needs of industrial customers while also lowering emissions in their operations.
• In 2023, Chevron Phillips Chemical Company joins Circulate Capital to launch $65 million plastic pollution reduction initiative in Latin America, the Caribbean.

Product Description

1-decene is an aliphatic hydrocarbon belonging to the group of alpha-olefins. It is a hydrocarbon that has a straight chain of ten carbon atoms with a double bond at the first carbon atom. This is colorless liquid that has a mild smell. Its properties are useful in various industries including in the production of polyethylene, plasticizers, lubricants and detergents among others. It serves as fuel additives to enhance efficiency and decrease emissions in gasoline and diesel engines.

It is used as a reagent in the synthesis of specialty chemicals, such as pharmaceuticals, agrochemicals and flavors and fragrances. It is also utilized as the principal feedstock in the manufacture of surfactants which are used in washing agents, cosmetics and various industrial applications. Besides this, it is employed in the manufacturing of lubricant additives which improve the efficiency and durability of the lubricating oils used in cars and ships.

Regional Coverage

The report provides a detailed analysis of the 1-decene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global 1-Decene Price

The report offers a holistic view of the global 1-decene pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe 1-Decene Price

European 1-decene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed 1-decene price information for a comprehensive list of countries.

North America 1-Decene Price

The analysis of 1-decene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on 1-decene prices within the United States and Canada can also be provided.

Middle East and Africa 1-Decene Price

The report explores the 1-decene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on 1-decene prices for countries can also be provided.

Asia Pacific 1-Decene Price

The 1-decene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed 1-decene prices for a comprehensive list of countries within the region.

Latin America 1-Decene Price

The analysis of 1-decene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of 1-decene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting 1-decene price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the 1-decene industry.