In 2017, the demand for Higher Linear Alpha Olefins Market in Asia Pacific was estimated to be 129.7 kilo tons. The region is likely to witness demand growth at a rate of 3.1% in the long term forecast till 2025. In terms of applications, Linear Alkyl Benzene (LAB) which is considered under detergent intermediates account for the largest share roughly estimated at 27.2%. The second biggest end-use of higher LAOs was for Polyalphaolefins (PAO) application roughly accounting for 20%. This was followed by surfactants & intermediates and lubricants together accounting for more than 24%. Oxo alcohols accounted for around 10% of the total demand while all other applications including plasticizer, oilfiled chemicals, paper sizing chemicals together accounted for a share of 18%.
Amongst the Higher LAOs, demand for Decene-1 accounted for almost 27% followed by dodecene-1 at 23%. Tetradecene was the third largest type of Higher LAO with a share of around 17%. All other LAOs from C16 & other Higher LAOs together account for 33%. Decene-1 is expected to grow at 3.4% while all other higher LAOs (dodecene-1, Tetradecene-1 and C16 & other Higher LAOs) are expected to grow at an average of around 3.0%.
The Asia-Pacific current demand for butene-1 has grown by 1.6 times from 342 kilo tons in 2010 to reach 550 kilo tons in 2017. Historically, the overall demand witnessed an aggregate growth rate of around 7.0% in the last 7 years, mainly supported by the strong demand from polyethylene. Polyethylene applications still accounts for 86% market demand for butene-1 and in the long-term forecast it is expected to remain the single largest driver followed by other small applications. Butene-1 demand for LLDPE applications followed by its use for HDPE production will drive the regional butene-1 demand estimated to grow at an annual average of around 8.0% in the long-term forecast till 2025.
For More Reports :- https://www.prismaneconsulting.com/reports