H1 2023: The prominent players in the Europe Linear Alpha Olefin (LAO) market in H1 2023 were INEOS, Evonik Industries, and Nizhnekamskneftekhim. In the first three months of 2023, the European region's Linear Alpha Olefins market as a whole showed an upward pricing trend. A delayed start was seen in the first month as the activity remained subdued as a result of the impending crisis in the area. Additionally, the worldwide polymers market recovered, which resulted in new inquiries in the European region. The market activity increased in February, and the consumption of LAO by the downstream sectors spiked. Prices significantly increased in March as supplier performance improved. The region's production increased, and the downstream polymer and solvents sectors' demand grew as well. LAO prices peaked in March but began to fall dramatically from April – June 2023. The demand from polyethylene and polypropylene producers downstream remained low. Prices for polypropylene and polyethylene also decreased as a result. Also, the high energy prices led to decreased operation rates and sharply decreased new orders as a result of inflationary pressure and increased interest rates. Amid inflationary pressure, the price of ethylene displayed a bearish trend. The price of naphtha was moderated by imports from Norway, the Gulf, and USA.
The Europe Linear Alpha Olefin (LAO) market reached of around 1160 thousand tonnes in 2022 and is expected to expand at a CAGR of 4.27% till the year 2035.
Because of different characteristics of Linear Alpha Olefins (LAO), such as high compatibility with hard water and outstanding foaming properties, there is an increasing demand for LAO as a raw material in the manufacturing of specialty chemicals including surfactants and petroleum chemicals. However, the LAO market is primarily driven by the polyethylene sector. The booming packaging business, expanding infrastructure projects, and expanding electrical & electronics sector have all increased demand for polyethylene in Europe. The demand for Polyethylene (HDPE) as a 3D printing material is expected to increase in the near future in Europe. The Linear Alpha Olefin (LAO) market is estimated to reach a volume of nearly 1990 thousand tonnes by 2035.
Based on type, the Linear Alpha Olefin (LAO) market is bifurcated into Butene-1, Hexene-1, Octene-1, and Others. With uses in the packaging, rubber, and packaging industries, 1-Butene is the market's dominant segment.
On the basis of region, Europe Linear Alpha Olefin (LAO) market is segmented into Germany, Belgium, Spain, UK, Russia, and the Rest of Europe. Among these, Russia is the leading consumer of Linear Alpha Olefin (LAO). In 2022, Russia consumed roughly 33% of the LAO demand. Also, Russia will most likely experience a rise of linear alpha olefin (LAO) in the coming years due to the continued construction of oil and gas and petrochemical infrastructure in the.
Based on the end-user industry, the Europe Linear Alpha Olefin (LAO) market is segmented into different industrial sectors that include Polyethylene, Polyalphaolefins, Oxo alcohols, and others. However, Polyethylene is the dominating sector as the consumer of Linear Alpha Olefin (LAO). This industry consumed approximately 35% of the market in 2022 and is anticipated to remain the leading consumer in 2035. Low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) are two widely utilised thermoplastics that make up the LDPE and LLDPE market in Europe. One of the primary resin varieties in the polyethylene family, LDPE is distinguished by its low density and flexibility. It is created when ethylene is polymerized. A sub-type of LDPE known as LLDPE is created by combining LDPE with alpha-olefins like butene, hexene, or octene. The resulting LLDPE resin has a linearity similar to HDPE but a density similar to LDPE. One of the best materials for making films for use in commercial, industrial, and food packaging is LDPE.
Major players in the production of Europe Linear Alpha Olefin (LAO) are Dow Chemical, INEOS, Nizhnekamskneftekhim, Shell Chemical Company, Baltic Chemical Plant LLC (BCP) - JSC RusGazDobycha, Evonik Industries, NK Rosneft, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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Objective of the Study:
• To assess the demand-supply scenario of Linear Alpha Olefin (LAO) which covers production, demand and supply of Linear Alpha Olefin (LAO) market in the globe.
• To analyse and forecast the market size of Linear Alpha Olefin (LAO)
• To classify and forecast Europe Linear Alpha Olefin (LAO) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Linear Alpha Olefin (LAO) market in the globe.
To extract data for Europe Linear Alpha Olefin (LAO) market, primary research surveys were conducted with Linear Alpha Olefin (LAO) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Linear Alpha Olefin (LAO) market over the coming years.
ChemAnalyst calculated Linear Alpha Olefin (LAO) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the consumption of raw material to produce Linear Alpha Olefin (LAO)s. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Linear Alpha Olefin (LAO) manufacturers and other stakeholders
• Organizations, forums and alliances related to Linear Alpha Olefin (LAO)s distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Linear Alpha Olefin (LAO) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
ChemAnalyst calculated Linear Alpha Olefin (LAO) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Linear Alpha Olefin (LAO) across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Report Scope:
In this report, Europe Linear Alpha Olefin (LAO) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1160 thousand tonnes
Market size Volume by 2035
1990 thousand tonnes
Growth Rate
CAGR of 4.27% from 2023 to 2035
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Polyethylene, Polyalphaolefins, Oxo alcohols, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Germany, Belgium, Spain, UK, Russia, and the Rest of Europe
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was Europe market size of Linear Alpha Olefin (LAO) in terms of volume for 2022?
Ans:
The Europe market size of Linear Alpha Olefin (LAO) was approximately 1160 thousand tonnes in 2022.
Q2.
What are the major end-use industries of Linear Alpha Olefin (LAO)?
Ans:
Linear Alpha Olefin (LAO) is used in a wide range of end use industries including Polyethylene, Polyalphaolefins, Oxo alcohols, and Others.
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