To win the competition in the global market place, going for this Global 1-Dodecene Market research report is necessary. In this market report, complicated market insights are converted into simpler version with the help of established tools and techniques to provide it to the end users. Insights covered here enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. This Global 1-Dodecene Market report covers explanation about the detailed market analysis with inputs from industry experts. Being a third-party report, this report is more unbiased and hence provides a better picture of what is really happening in the market.
A persuasive Global 1-Dodecene Market research report endows with the key information about the 1-Dodecene industry, including very important facts and figures, expert opinions, and the latest developments across the world. The expert team, in coordination with project managers, presents the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. This global market report also takes into consideration the drivers and restraints for the Global 1-Dodecene Market that are derived from SWOT analysis.
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Market Definition: Global 1-Dodecene Market
1-Dodecene is an alkene that consists of a chain of 12 carbon atoms, having a double bond at the end. They are classified as an alpha-olefin. Alpha-olefins are found to have double bond at the alpha (α) or primary position, due to which they helps in enhancing the reactivity of a compound, thus making it useful in a number of applications like in the production of detergents and others.
Market Analysis: Global 1-Dodecene Market
Global 1-dodecene market is expected to registering a steady CAGR of 3.8% in the forecast period of 2019-2026. The rise in the market value can be attributed to the huge demand for 1-Dodecene in the manufacturing of detergents and increased demand of it from the end-users. The report contains data of the base year 2018 and historic year 2017.
- Increased demand from the end-users is accelerating the growth of this market in the forecast period
- Huge demand for 1-Dodecene in the manufacturing of detergents will also drive the market growth
- Growing awareness for hygiene maintenance also acts as a market driver
- Volatility in the raw material prices; this factor will hamper the market growth in the forecast period
- Availability of substitutes in the market is another factor impeding this market growth
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Key Developments in the Market:
- In August 2019, Exxon Mobil Corporation has planned to expand their Vistamaxx production in their Texas facility and will enter into the linear alpha olefins market. The expansion is expected to end by 2022. With this, the company will be able to meet the growing demand of customers across the globe
- In January 2019, Shell International B.V., is planning to start the production of fourth alpha olefins (AO) unit in their Louisiana facility. Alpha olefins are widely used among the customers, as a key ingredient in the manufacturing of hand soaps, motor oils and laundry detergents. With this expansion, the company will be able to grow their business in U.S.
Global 1-dodecene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of 1-dodecene market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the 1-dodecene market are Shell International B.V., Evonik Industries AG, Dow, Sasol, Chevron Phillips Chemical Company, Exxon Mobil Corporation, SABIC, TPC Group, Qatar Chemical Company Ltd., INEOS, Merck KGaA, BOC Sciences, Tokyo Chemical Industry Co., Ltd., Parchem fine & specialty chemicals, SPEX CertiPrep, SynQuest Laboratories, Santa Cruz Biotechnology, Inc., Thermo Fisher Scientific, GELEST, INC. among others.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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