Linear Alpha Olefins Market By Size, Share, Trends, Growth, Forecast 2024 | TechSci Research

Global linear alpha olefins market is projected to cross $ 21 billion by 2024, growing at a steady rate. These olefins are industrially important alkenes with the chemical formula CXH2X and are generally manufactured through oligomerization of ethylene or through Fischer-Tropsch synthesis. Markedly, linear alpha olefins are used as co-monomers in the production of plastics including polyethylene and polypropylene. Among the linear alpha-olefins,1-hexene demonstrates unique properties, and is used in several applications, including its use as a co-monomer during the manufacturing of polyethylene, production of aldehydes and fatty acids for plasticizers. While, volatility in the prices of raw materials coupled with strict environmental regulations are expected to pose a challenge for the growth of the market.
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