Poly (1-Decene) Market: Market Overview 2022-2032
The global poly (1-decene) market is valued at US$ 621 million as of 2022. The market is expected to grow at a CAGR of 7% during the period 2022-2032, and by 2032, it is expected to reach a valuation of US$ 1,221.60 million.
Poly (1-decene) Market Value (2022)
US$ 621 million
Poly (1-decene) Market Forecast Value (2032)
US$ 1,221.60 million
Poly (1-decene) Market Expected CAGR (2022 to 2032)
The demand for poly (1-decene) is primarily driven by the increasing adoption of PAO-based lubricants, along with a sharp increase in the manufacturing of PAO. Moreover, the rapid growth of the automobile sector represents a massive scope for poly decene as these make use of PAO-based lubricants.
Apart from that, improvement in the standard of living owing to increased disposable income is also a major factor in surging the poly (1-decene) market. On a technical basis, it has been observed that the application of poly (1-decene) has improved the performance of the engines. This as well indicates a positive trend for the market.
The experts are of the view that the adoption of poly (1-decene) has also been instrumental in saving the environment from certain harmful emissions. This might well increase the sales of poly (1-decene) during the forecast period.
The implementation of biomass-based procedures to improve the performance of engines is likely to represent massive opportunities for the market. Apart from that, the implementation of the latest technologies to improvise the existing poly (1-decene) might well increase the usage of poly (1-decene) going ahead.
The manufacturers operating in the poly (1-decene) market are investing huge amounts in research and development to increase the efficacy of the present products. This as well might increase the adoption of poly (1-decene) during the forecast period.
Moreover, the growth of the wind energy market across the globe also represents massive opportunities in front of the market.
Poly (1-Decene) (CAS No: 68037-01-4) is synthetic product with molecular formula [CH2CH[(CH2)7CH3]]n. It is also referred to as hydrogenated poly-1-decene and hydrogenated decene homopolymer.
It is a mixture of synthetic branched-chain hydrocarbons (isoparaffins) which are synthesized by the oligomerization of 1-decene to the tri-decene, tetra-decene, and penta-decene molecules followed by hydrogenation to full saturation of the oligomer.
It has a well-defined composition which contains 1-9% hexamer, 42-61% tetramer, 12-23% pentamer, 16-35% trimer and dimer concentration less than 1%. Commercially, one of the major application areas for Poly (1-Decene) is polishing or glazing agent in dry fruits and sugar confectionary such as jellies and fruit gums. Moreover, Poly (1-Decene) also finds application as a lubricating agent in dough-dividing machines, as a releasing agent in bread tins, and as an anti-foaming and anti-dusting agent.
Fluctuation in the prices of raw materials because of the disruption of the supply chain poses a challenge for the market. Apart from that, there has been an increase in the application of group III base oils, which might hamper the market growth.
Moreover, the presence of very few players in the niche creates a huge demand-supply gap, as a result of which the manufacturers are often facing limited capacities. This as well poses a huge challenge for the market in the current times.
North America is currently the largest market for poly (1-decene). The presence of established players in the market, coupled with the availability of the latest technologies, makes North America a lucrative market.
Apart from that, the existence of the oil and gas market, coupled with petrochemical infrastructure, also makes North America a huge market. The US is expected to be the leading market in the region.
Asia Pacific is expected to be the fastest-growing market during the forecast period. Emerging automobile infrastructure, coupled with an increase in disposable income, is expected to surge the market growth during the forecast period.
Based on end use, the lubricating agent is expected to possess the highest market share. The rapid growth of the automobile industry, coupled with steps taken by key players in the sector to provide a seamless driving experience, is expected to drive the growth.
Poly (1-Decene) Market: Drivers & Restraints
Global Poly (1-Decene) market is expected to witness a moderate single digit growth during the forecast period. This steady growth in consumption of Poly (1-Decene) is expected to be driven, primarily, by increasing demand for food additives from developing economies spearheaded by China.
As such, steady growth of end use industry is expected to in turn drive the growth of global Poly (1-Decene) market over the forecast period. On the flip-side, however, relatively weaker economic growth in major markets across the globe in the initial part of the forecast period is likely to impede the growth of global Poly (1-Decene) market in the same period.
Among the above indicated end use based segments, glazing agent is expected to retain a major share in overall global Poly (1-Decene) market share during the forecast period. Glazing and Releasing segments are expected to register relatively stronger growths vis-à-vis other segment during the same period
Poly (1-Decene) Market: Region-wise Outlook
On the basis of geographic regions, global Poly (1-Decene) market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among these, Western Europe region accounted for a major share in overall global poly (1-Decene) consumption in 2014 and is expected to witness a steady growth in its consumption during the forecast period.
Western Europe region is expected to be followed by Asia Pacific and North America in terms of overall poly (1-decene) consumption volume. Moreover, poly (1-decene) market in Latin America is slated to register a robust growth during the forecast period.
Poly (1-Decene) Market: Key Players
Some of the key major players operating in the global Poly (1-Decene) market are as follows:
- Chevron Philips Chemical Company LLC
- Sea-Land Chemical Co.
- Symrise Gmbh & Co.KG
- Sigma-Aldrich Co. LLC.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and end use industries.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Poly (1-Decene) Market: Segmentation
On the basis of end use, global Poly (1-Decene) market can be segmented into following key market segments:
- Glazing agent
- Lubricating agent
- Releasing agent
On the basis of Chemical formula, global Poly (1-Decene) market can be segmented into following key market segments: