Alpha Olefin Market Production Analysis by Size, Share & Demand to 2034
The Alpha Olefins Market value is expected to rise from US$ 7.6 billion in 2024 to US$ 13.5 billion by 2034. The market is expected to grow at a CAGR of 5.90% over the next decade. Sales of alpha olefins are predicted to surge on account of the growing demand for polyethylene, which is used in multiple applications like industrial processes, packaging, consumer goods, and others. Product developers with cost and design targets opt for alpha olefin sulfonates (AOS) based formulations as they can be adjusted to function well with common secondary ingredients. Some categories where AOS-based formulations are used are mass, economy, luxury, and premium. Market leaders are expected to continuously expand their production capacity of alpha olefins to meet the rising demand for various everyday consumer products, as well as market balance and product prices. Get an overview of market drivers and challenges affecting this industry!...