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Europe Alpha Olefins Market is Expected to Reach $1,958 Million in 2018 - New Report by MicroMarket Monitor
Date:7/25/2014

(PRWEB) July 25, 2014

An alpha olefin is an olefin or an alkene with a double bond, located on the primary or alpha position of the carbon chain, or between the 1st and 2nd carbon atom. There are two types of alpha-olefins, namely, branched and linear (or normal). The alpha olefin market is a vital market, owing to the ample scope of its applications such as polyethylene co-monomers and synthetic lubricants, across a wide range of industries.

North America and Europe have been lucrative markets for alpha olefins; however, Asia-Pacific has emerged as a major consumer, due to the increasing demand from the export-based industry development and demand from the growing domestic front due to a rise in living standards.

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The global alpha olefin market is estimated to grow from $7,472 million in 2013 to $9,589 million by 2018. In 2013, the alpha olefin market was dominated by the North American region, with a share of 44.7% of the alpha olefin market, in terms of volume. Europe was the second largest consumer of alpha olefins, which represented nearly 21.6% of the share of the global consumption, followed by Asia-Pacific that accounted for 14.6% of the alpha olefin market in 2013.

The alpha olefins market for emerging economies of the world is expected to grow at faster growth rates, while the market in matured economies is expected to grow at modest rates.

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