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    Home > Chemicals Industry > International Chemical > Linear α-olefin market attracts "Golden Phoenix"

    Linear α-olefin market attracts "Golden Phoenix"

    • Last Update: 2021-09-12
    • Source: Internet
    • Author: User
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    Recently, market participants said that according to the latest survey data, linear alpha-olefins (LAOs), as important organic chemical raw materials and intermediates, are still in a growth mode in many regions and applications
    .
    In 2019, its global production capacity was 8.


    03 million tons, and its consumption was 5.


    Able to meet specific needs

    Able to meet specific needsAble to meet specific needs

    Through the full-range linear alpha-olefin production technology, a variety of alpha-olefins can be produced to meet the specific needs of multiple application industries, from bulk commercial polymers to small-batch special applications, including polyethylene monomers, surfactants, Lubricants, plasticizers, poly-α-olefins (PAO), additives and fine chemicals
    .
    Currently, lower α- olefins (e.


    g.


    ₄ ₁ ₀

    Accelerated growth of downstream applications

    The growth rate of downstream applications accelerates the growth rate of downstream applications

    The latest research by IHS Markit shows that the average annual growth rate of different derivatives of linear α-olefins (LAOs) varies from 2019 to 2030.
    The average annual growth rate of polymer demand is expected to be 3.
    5%.
    AOS, LAB/LABS, alkyl amines) demand an average annual growth rate of 4%, other such as POP/POE, oil field chemicals, petroleum wax demand an average annual growth rate of 4.
    2%
    .

    Polyethylene (PE) comonomer occupies a dominant position in the overall demand for α-olefins, and its growth rate will far exceed the GDP growth rate
    .
    Differences in price and performance have caused competition between different PE grades


    .


    Specialty polymers such as polyolefin elastomers or plastomers are another strong growth market, especially 1-octene modified polymers
    .
    These polymers have a wide range of applications, including flexible packaging and automotive durable goods.


    In automotive applications, many accessories require soft contact properties


    In addition to general-purpose polymers, poly-α-olefins (PAO) consume the most α-olefins, especially for molecules with intermediate carbon numbers
    .
    PAO is known as the so-called Type IV synthetic lubricant


    .


    Some market participants pointed out that in the past 10 years, PAO has also faced challenges from competitive lubricants, especially hydrocracked base oils
    .
    However, today, new regulations are pushing the automotive industry to reduce emissions


    .


    New investments have entered the market

    New investments have entered the market, new investments have entered the market

    Market participants have found that, at present, the demand for various linear α-olefins continues to grow, attracting a large number of market participants to invest
    .
    Currently, ExxonMobil Chemical Company is building a full-range α-olefin project on the Gulf Coast of the United States


    .


    ₂₄

      At the same time, Shell and CNOOC are building China's first world-class linear alpha-olefin plant in Huizhou
    .
    Market participants pointed out that the demand for PAO in China is growing steadily


    .



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