1-Decene Market is expected to reach USD 1.29 billion by 2025. 1-decene is also termed as “Decylene” or “1-n-Decene”. It is a colorless watery liquid with molecular formula C10H20 and pleasant odor. It is an alkene that floats on water and acts as a metabolite. It has one double bond. It is the only isomer of industrial importance. The 1-decene market is estimated to grow at a significant CAGR of 3.7% over the forecast period as the scope and its applications are rising enormously across the globe.
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The key driving factors responsible for the growth of 1-Decene
market :
The factors that are playing a
major role in the growth of the 1-decene market are the high production of poly
alpha olefins, growing concern regarding the environment in automotive
industries, and rise in demand for synthetic lubricants. However, fluctuating
cost of raw materials may restrain overall market growth in the years to come.
The 1-decene industry is segmented based on grade, derivative, application, and
region.
Synthetic and bio-based are the
grades that could be explored in 1-decene in the forecast period.
Synthetic-based grades sector accounted for the substantial market share of
1-decene and is estimated to continue with its dominance in the years to come.
Based on derivative, Oxo
alcohols, polyalphaolefins (PAO), gasoline engines, diesel engines, and others
could classify 1-decene in the forecast period. The polyalphaolefins sector
accounted for the substantial market share of 1-decene and is estimated to lead
the overall market in the years to come. The reason could be increasing
technological enhancements in product and product offerings, the growing
automotive industry in the Asia Pacific, growing disposable standards, and
flexible government taxation policies.
The market could be categorized
based on applications like surfactants, synthetic lubricants, polyethylene,
plasticizers, and the others that could be explored in the forecast period. The
surfactants sector accounted for the significant market share of 1-decene and
is estimated to lead the overall market in the years to come.
Asia Pacific accounted for the
substantial market share of 1-decene and is estimated to lead the overall
market in the years to come. The reason could be the rising production of
synthetic lubricant and PAO, easy availability of raw materials, and the
growing demand for polyethylene in developing countries. The developing
countries like India and China are the major consumers of 1-decene in this
region.
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