Global 1-Decene Market by Grade, Application, by Region and Segment, Forecasts 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.

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The 1-decene market is driven by increasing production of polyalpha olefins. Stringent requirements in cosmetic and food & beverage industries and rising environmental concerns in automotive industries have indirectly boosted demand for synthetic lubricants. This increase in demand for synthetic lubricants has caused a rise in the consumption of 1-decene. Moreover, 1-decene is used as a chemical intermediate in the production of detergents and their derivatives, which are further used in the manufacturing of industrial surfactants. The rise in demand for surfactants from end use industries has led to a surge in the demand for 1-decene. Furthermore, a drop in raw material prices has imparted an additional advantage which is expected to drive the growth of 1-decene market.

An increase in demand for synthetic lubricants, clubbed with the inadequate supply of polyalpha olefins (PAO) in the global market has prompted lubricant manufacturers to develop alternative lubricant materials such as glycol-based lubricants i.e. polyalkylene glycol (PAG), polyol esters and phosphate esters, among others. An increase in the variety of lubricants and a drop in the share of PAO lubricants is expected to impact the growth of 1-decene market. Moreover, special care has to be taken while handling 1-decene, as it forms an explosive mixture on contact with moisture or oxygen.

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