Europe 1-tetradecene Market is Expected to Reach at 1.16% from 2012 to 2018.
Europe and North America are considered to be the most lucrative markets of the alpha olefins. Due to the recent economic depression in Europe, 1-tretradecene market is growing at a slower pace in comparison to other regions. The European 1-tetradecene market is poised to rise at a CAGR of 1.16%.
Europe, January 22, 2015 (Newswire.com) - Alpha olefin, primarily termed as alkene and olefin, is a chemical compound that consists of a chain of twelve carbon atoms that is having a double bond at the alpha position. It is being observed that a double bond seems to enhance the reactivity of the compound, thereby increasing its usage in a wide range of applications. 1-tetradecene, a sub-section of the parent compound alpha olefin, is used in various chemical industries. Its ample scope of applications that ranges from polyethylene co-monomers to synthetic lubricants has resulted in increasing the growing demand of the 1-tetradecene market.
Europe and North America are considered to be the most lucrative markets of the alpha olefins. Due to the recent economic depression in Europe, 1-tretradecene market is growing at a slower pace in comparison to other regions. The European 1-tetradecene market is poised to rise at a CAGR of 1.16% from 2012 to 2018. Despite the economic restraints, the chemical industry in Europe is estimated to witness a significant growth in the coming years. Since more than half of the chemicals sales in the European region come from products, such as petrochemicals and polymers, it significantly affects the overall demand of polyalphaolefins products in this region.
1-tetradecene, a sub-section of the parent compound alpha olefin, is used in various chemical industries.
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North America 1-tetradecene Market
The North American 1-tetradecene market growth is mainly attributed to the increasing demand of polyalphaolefins from the end-user industry, especially polyethylene. This market is projected to register a CAGR of 3.47% between 2012 and 2018. North America is considered to dominate the global market of alpha olefins, and has the highest market share in comparison to other regions. 1-tetradecene is a sub-product of the main parent, named as linear alpha olefins. A striking feature of this chemical compound is that it consists of a chain of twelve carbon atoms, intersecting at the alpha position. This intersection is known to enhance the reactivity of such chemical compounds, thereby increasing its scope of application across various chemical industry segments, which ranges from detergent alcohols to synthetic lubricants. In North America, the rapid progression of the chemical industry due to extensive investments and expansion plans made in this sector has resulted in the rapid progression of the 1-tetradecene market.
Asia-Pacific 1-tetradecene Market
The Asia-Pacific 1-tetradecene market report offers a comprehensive study on varied market dynamics, such as drivers, restraints, and upcoming opportunities. It provides an analytical perspective on the recent developments taking place in this industry. In-depth analysis of various market segments and competitive coverage of the key growth strategies adopted by the leading market players are vividly discussed in this report.
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