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1-Decene Market Size, Growth, Trends | Industry Report, 2020-2026

Global 1-decene Market is valued to reach USD 1.48 Billion by 2026, growing at CAGR of 5.2% over the forecast period 2020-2026.

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1-Decene Market Size, Growth, Trends | Industry Report, 2020-2026

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  1. WelcomeToDataIntelo

  2. 1-Decene Market Size, Growth, Trends | Industry Report, 2020-2026 Global 1-decene Market is valued to reach USD 1.48 Billion by 2026, growing at CAGR of 5.2% over the forecast period 2020-2026. Key factors driving the market are increasing demand for polyethylene, rise in manufacturing of plastics and automobiles coupled with increasing population and rising consumption of packaged food. Market Trends, Drivers, Restraints and Opportunity: Rise in the production of polyalpha olefins for production of synthetic lubricants drives the market growth in the forecast span. Moreover, growing requirements in the food and beverage industry followed by increase in environmental concerns is likely to enhance the market growth in the forecast period 1-Decene witness a high demand as a chemical intermediate, further used in the production of surfactants which in turn propels the functionality of Decene in the end-use industry. Decline in prices of raw material is another competitive advantage which is anticipated to drive the market growth in the near future Growing demand for synthetic lubricants with alternative for surfactants is likely to drive the demand for Decene in the years to come, simultaneously creating growth opportunities in the following years However, market challenges such as stringent norms and regulations by the government of various countries and environment impact due to rise in carbon footprints is more likely to restrict the market growth in the following years

  3. Scope of the Report: The report on global 1-Decene market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=3890

  4. 1-Decene Market Segment Share Insights: Synthetic Grades to hold the highest share By grade, the market can be segmented as bio-based and synthetic. Synthetic grades are more likely to hold a significant market share in the forecast span attributing to extensive use of decene in the manufacture of synthetic grades. High demand for synthetic detergents across the globe is more likely to result in a high production. High adoption of 1-Decene is witnessed in the manufacture of plasticizers By application, 1-Decene market can be segmented as plasticizers, surfactants, synthetic lubricants and others. Plasticizers are likely to hold a dominant position throughout the forecast span accounting for the major share. High-demand and consumption are some of the growth features. Asia Pacific to maintain a strong foothold in the global 1-Decene market By region, 1-Decene market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. Asia Pacific is a dominant market in the global scenario attributing to surge in demand for raw materials for production of polyalpha olefins. Demand for polyethylene in end-use industries is also a major driving factor for the regional market. India and China are the major markets deemed to have the highest position throughout the forecast span. High consumption and availability of raw materials are some of the major highlights. Europe is expected to have a strong position in the years to come due to augmented rate of production.

  5. Competitive Landscape: • Some of the key players in the 1-Decene market are Royal Dutch Shell Inc., Saudi Arabia Industries Corporation, INEOS Oligomers, Qatar Chemical Company, Idemitsu Kosan Co Ltd., and Chevron Philips Chemical Company. Mergers & acquisitions, trends and analysis pertaining to strategic collaboration among partners and mutual agreements and partnerships are some of the growth strategies identified. The key players are adopting innovative methods for product launch to strengthen their geographical presence. • Segments Covered in the Report • The global 1-Decene market can be segmented based on grade, application and region. • By Grade: • Organic • Synthetic • By Application: • Plasticizers • Polyethylene • Synthetic Lubricants • Surfactants • Others

  6. By Region: • North America • LAMEA • Europe • Asia Pacific • Middle-East • Africa • Discover More @ https://dataintelo.com/

  7. Thank You

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