The global Octene-1 Market Size is projected to grow from USD 1.2 Billion in 2023 to USD 1.4 Billion by 2032, registering a CAGR of 2.6%. The rising demand for Octene-1 from applications such as polyethylene, plastomers, linear alcohols and lubricants will further drive the adhesive tape demand in the forecast period. Octene-1 or 1-octene is a higher olefin or alpha olefin with double bond located at alpha position. 

The SHOP process is a very common method used to produce octene-1 from the oligomerization of ethylene. In this process, purified ethylene is passed into an oligomerization reactor where ethylene molecules combine to form higher olefins like octene-1 in presence of titanium chloride (metal halide compound) as a catalyst and organoaluminium compound as cocatalyst. Reaction conditions are typically maintained at temperatures and pressure to facilitate the formation of octene-1 as desired product. Heptane or sometime hexane is used as inert solvent during reaction to control reaction rate by removal of heat. The reaction mixture consisting of octene-1 and other oligomers are distilled in fractional distillation column to get separate isolated fraction of octene-1 and other oligomers. Distilled octene-1 is further purified to remove moisture and residual impurities to meet specific properties of product. In other processes like Fisher-Tropsch process, fuels are made from synthesis gas derived from coal or methane. The initial fuel stream from FT reactor is sent to narrow distillation where the cut of linear alpha olefins is as high as 60%. 

Octene -1 finds its application as comonomer in polyethylene, plastomers, linear alcohols and lubricants and others. Polyethylene is largest application of octene-1 and accounts for almost 80% of global octene-1 market. Usually 2-20% or even more by weight of octene-1 is added in octene-ethylene copolymer giving it a desirable properties of long shelf life, good tear resistance and long shelf life. Octene-ethylene copolymer is commonly used in elastic fiber, blood bags, packaging, catheters, thermal insulation, automotive trim, sporting goods and floatation. Extrusion of octene-1 material into tubing and profiles is quite easy due to excellent flexibility, low modulus, clarity and low specific gravity. The second major application of octene-1 is in manufacturing elastomers. Addition of octene-1 along with ethylene into polypropylene creates an elastomer with high impact resistance at low tensile strength, temperature and elongation. Other applications like linear alcohols and lubricants account for small share in global octene-1 market. Octene 1 undergoes hydroformylation to form produce linear aldehyde nonanal which further goes under oxidation giving us short chain fatty acid nonanoic acid. The esters of these fatty acids are used as precursors in preparation of lubricants. On other hand hydrogenation of nonanal gives the 1-nonanol fatty alcohol which finds its application in plasticizer. In past decade the increasing demand for polyethylene has driven the global octene-1 market and is further anticipated to drive the market and remain the dominating application in octene-1 market.

Most octene-1 is captively consumed for production of polyethylene. With huge supply capability for octene-1 in North America, the region acquires largest demand in global octene-1 market. North America has huge developed markets and a huge demand of polyethylene in Packaging industry. USA is the largest market for octene-1 in the region and has huge base of polyethylene production as well as huge appetite for consumption of Polyethylene. 

Per capita plastic consumption in USA is over 150 kilograms per year which is quite high compared to global average.

Following North America, Western Europe takes the lead in demand, particularly in the significant octene-1 sector, commanding a market share of over 20%. Subsequently, Asia Pacific follows Western Europe in the Octene-1 market. Emerging economies like India, China and ASEAN countries are anticipated to drive the regional octene-1 demand. On back of increase in consumption of Octene-1 in end use industries such as automotive, consumer goods, electrical & electronic and construction in developing countries is further estimated to drive the global Octene-1 market during the forecast period. 

However, fluctuating raw material prices and substitution by other linear alpha olefins will act as restrain in development of global octene-1 market.

Major manufacturers and suppliers for octene-1 are Shell Oil Company, ExxonMobil, Sasol Limited, INEOS, Sabic, Chevron Phillips Chemicals, Silver Fern Chemical Inc, Evonik, Dow Chemical Company, CDH Fine Chemicals and LG Chemicals.