Linear Alpha Olefin Market in Asia Pacific region has seen above-average growth in the last five years due to increasing demand for polyethylene and other plastic materials in major economies like China and India. The Butene-1 demand in the Asia-Pacific region in 2017 was estimated to be around550 kilo tons. It is forecast to grow at a CAGR of 8.0% between 2018 and 2025to reach 1011.7-kilo tons in 2025. The growth can be attributed to the increase in polyethylene demand in the region for major applications including packaging, films and construction & infrastructure applications like piping. Butene-1 demand for polyethylene co-monomers is likely to increase its market share from around 86% in 2017 to around 88% by 2025 while all other miscellaneous applications such as valeraldehyde and 1, 2-butylene oxide and polybutene-1 together are expected to witness a small decrease in the market share. This is owing to increased use of butene-1 in polyethylene production to meet the demand for polyethylene in countries like China, India and for exports to the other regions of the world.
The Asia-Pacific Butene-1 in terms of value was estimated to be around USD 467.7 million while the higher LAO market was valued at USD 149.6 million. The Asia-Pacific region is expected to be one of the largest markets in the long-term forecast owing to strong plastics and polymers industry and fast-growing market in major Asian countries like China, Japan, India, South Korea, and other Asia-Pacific countries. The regional Butene-1 market is projected to reach USD 895.3 million by 2025, at a CAGR of almost 8.5%. Increasing demand for Polyethylene applications especially LDPE and some demand from HDPE are expected to fuel the demand for butene-1.
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