Linear Alpha Olefins (LAOs) demand to surpass 7800 kilo tons by 2030, says Prismane Consulting
A new comprehensive market study on Linear Alpha Olefins (LAO) Market provides a detailed overview of the demand-supply and consumption patterns of Linear Alpha Olefins (LAO). This market study describes the LAO Market global market, with focus on major countries and their subsequent demand for different segments, technologies, and end-use industries of Linear Alpha Olefins (LAO) Market. In-depth market analysis on Linear Alpha Olefins (LAO) Market in terms of volume and value for each segment, type, and application has been provided in the report.
The study offers market commentary revolving around several factors including, but not limited to Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, end-use Industry / Applications Markets, Reasoning & Analysis, Insightful Commentary, Comparative Analysis, Latest Trends and market developments, Strategic Issues and Recommendations and Business Opportunity Assessment.
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Linear Alpha Olefin Capacity consolidations with growing end-uses
In 2020, the global Linear Alpha Olefins (LAOs) capacity was estimated to be around 7200 kilo tons out of which nearly 37% was on-purpose LAO capacities while the remaining 63% were full range LAO manufacturing facilities. The Linear Alpha Olefins business environment has been even more volatile than the overall petrochemical industry given the fact that the business really accelerated in the 90’s with increased demand of polyolefin comonomers - and the fact that, due to the relatively small markets in the 1990s, even modest capacity additions could create major oversupply issues. This was the major driver for the sudden transformation of the industry profitability between 2000 and 2005. As per Prismane Consulting estimates, between 2014 and 2020, the global LAOs capacity went up from 6000 kilo tons to 7200 kilo tons, an increase of nearly 17%.
Rising demand of butene-1 and hexene-1 for LLDPE/ HDPE Comonomers and Other HLAO end-use industries
Butene-1, Hexene-1 and Octene-1 are used as a comonomer in the LLDPE / HDPE production. Rising demand for polyolefin comonomers and growing application of the compound in the production of specialty chemicals are identified as the major factors driving the growth of the overall LAO market. With new investment in the polyethylene sector globally and in the Asia-Pacific sector and with industries like automotive and manufacturing that are shifting their base to Asian countries, the demand for butene-1 and Other LAO like hexene-1 and Octene-1 are expected to drive the LAO demand in the long-term.
The strong Polyethylene demand growth in Asia-Pacific led by China and India owing to an increase in per capita consumption on the back of increase in purchasing power and rising middle class is expected to drive the demand for linear alpha olefins. Polyethylene is the most consumed commodity plastic serving various applications ranging from film for packaging and grocery bags, to detergent bottles and pipes for construction. As demand for food and consumer goods packaging surges, demand for polyethylene will witness a faster growth which will drive the growth of linear alpha olefins. As per Prismane Consulting estimates, there will be an increase in the per capita consumption of Polyethylene in countries in like China, India, Indonesia, Vietnam, Malaysia and Thailand and other developing countries in the region in the mid and long-term forecast to 2030.
Prismane Consulting Study Key pointers
- Detailed Demand-Supply Analysis including real-world scenario discussions
- Market / Product Outlook (Historical, Short, Mid and Long-term forecast)
- Strategic Analysis and High-level information on Market Entry, Best Strategies adopted, Business Opportunities & Challenges
- Customer Repository
- Target Markets and more
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Linear Alpha Olefins (LAO) Market, By Type
Linear Alpha Olefins (LAO) Market, By Application
- Polyethylene Comonomers
- Surfactants & Detergents
Linear Alpha Olefins (LAO), Regional Demand-Supply Analysis
- North America
- Central & South America
- Western Europe
- Central & Eastern Europe
- Middle East & Africa
Why Prismane Consulting?
1. Chemical Science, Engineering, Oil & Gas, Finance, Economics and Business backgrounds
2. Real-world industry, consulting, and market research experience
3. Average work experience of 10+ years
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About Prismane Consulting
Prismane Consulting is a global consulting firm serving leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We are a leading provider of in-depth technical and management consulting services and have been advising clients on their key strategic issues solving their most critical business problems.
The Chemicals & Energy Practice also offers its clients market studies, strategy and business opportunity assessment reports related to refining, Chemicals, Petrochemicals, Plastic & Polymers, Coatings, Materials, Power & Utilities and other energy sources and products.
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