H1 2023: The major players in the H1 2023 in the China Linear Alpha Olefin (LAO) market in H1 2023 were Sinochem Quanzhou Petrochemical, China National Petroleum Corporation, and Sinopec Beijing Yanhua Petrochemical Co., Ltd. Linear Alpha Olefins market prices in the Chinese domestic market remained positive in the first four months of 2023. Prices in the Chinese market fluctuated in H1 2023.Market activity resumed after the Lunar New Year holidays in China. The demand from the firms increased, while the limited availability of Linear Alpha Olefins was noted. Linear Alpha Olefins market prices in the Chinese domestic market remained positive in the first four months of 2023 owing to rising industrial and commercial activity in China. In March, the market price of Linear Alpha Olefins climbed significantly in the Chinese domestic market due to increasing demand forecast from the downstream polymer industries. In April, the Linear Alpha Olefins Market in China maintained its positive trend, owing to sustained demand from the downstream polymer industry for the production of polyethylene (PE), polypropylene (PP), and other polyolefins in the region. The demand improved as new orders grew, and downstream users raised regional procurement rates. LAO prices fell in May and June 2023 because consumer demand in the downstream Polyethylene (PE) and Polypropylene (PP) markets remained subdued due to China's economic slump.
The China Linear Alpha Olefin (LAO) market stood at nearly 970 thousand tonnes in 2022 and is anticipated to grow at a healthy CAGR of 6.93% by 2035.
LAOs are employed as co-monomers for producing polyethylene like linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE). The increasing demand for Polyethylene (PE) will most likely continue to be the primary driving force behind the expansion of the LAO market in China. Because of characteristics such as high compatibility with hard water and outstanding foaming properties, the demand for Linear Alpha Olefin (LAO) as a raw material in the production of speciality chemicals such as surfactants and petroleum chemicals is increasing. In addition, LAOs are used as raw materials in the paper and pulp industry, drugs, protective coatings, and cosmetics sectors to make a variety of finished goods. The China Linear Alpha Olefin (LAO) market is likely to hit 2300 thousand tonnes by 2035.
Based on type, the China Linear Alpha Olefin (LAO) market is divided into Butene-1, Hexene-1, Octene-1, and Others. Among these, Butene-1is the leading segment and captured nearly 34% of the market in 2022.
Based on demand by region, the China Linear Alpha Olefin (LAO) market is segregated into East China, South Central China, North China, West China, and North East China. Among these East China is dominating the market and consumed approximately 63% of the market and is expected to maintain its position in the forecasted period.
Based on end-use, the China Linear Alpha Olefin (LAO) market is segregated into different industrial sectors such as Polyethylene, Polyalphaolefins, Oxo alcohols, and Others. Among these, the Polyethylene industry is dominating the China Linear Alpha Olefin (LAO) market. This industry consumed approximately 70% of the Linear Alpha Olefin (LAO) market in 2022. Polyethylene, for example, is well known for its resistance to moisture. Polyethylene, one of the most common polymers manufactured globally, is widely used to make polymer packaging due to its durability and flexibility. Bottles, shopping bags, wrappers, and other protective packaging are frequently made from both linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE).
Some of the major players in China Linear Alpha Olefin (LAO) market are Sinopec Beijing Yanhua Petrochemical Co., Ltd, Sinopec Yanshan Petrochemical, China National Petroleum Corporation, CNPC Dushanzi Petrochemical Company, Maoming Petrochemical, Sinochem Quanzhou Petrochemical, Shaanxi Top Pharm Chemical Co., Ltd, PetroChina Guangxi Petrochemical Company, Sirloong Chemical, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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Objective of the Study:
• To assess the demand-supply scenario of Linear Alpha Olefin (LAO) which covers production, demand and supply of Linear Alpha Olefin (LAO) market in China.
• To analyse and forecast the market size of Linear Alpha Olefin (LAO) in China.
• To classi and forecast China Linear Alpha Olefin (LAO) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Linear Alpha Olefin (LAO) market in China.
To extract data for China Linear Alpha Olefin (LAO) market, primary research surveys were conducted with Linear Alpha Olefin (LAO) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for China Linear Alpha Olefin (LAO) market over the coming years.
ChemAnalyst calculated Linear Alpha Olefin (LAO) demand in China by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Linear Alpha Olefin (LAO) to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Linear Alpha Olefin (LAO) manufacturers and other stakeholders
• Organizations, forums and alliances related to Linear Alpha Olefin (LAO) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Linear Alpha Olefin (LAO) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, China Linear Alpha Olefin (LAO) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
970 thousand tonnes
Market size Volume by 2032
2300 thousand tonnes
Growth Rate
CAGR of 6.93 % from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By type: Butene-1, Hexene-1, Octene-1, and Others
By End-Use: (Polyethylene, Polyalphaolefins, Oxo alcohols, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
East China, South Central China, North China, West China, and North East China
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Linear Alpha Olefin (LAO) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Linear Alpha Olefin (LAO).
3. Capacity By Location
To better understand the regional supply of Linear Alpha Olefin (LAO) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Linear Alpha Olefin (LAO) by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types- Butene-1, Hexene-1, Octene-1, and Others, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Polyethylene, Polyalphaolefins, Oxo alcohols, and Others) are creating a market and the forecast for the growth of the Linear Alpha Olefin (LAO) market.
8. Demand by Region
Analyzing the change in demand of Linear Alpha Olefin (LAO) in different regions across China, i.e., East China, South Central China, North China, West China, and North East China, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Linear Alpha Olefin (LAO). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Linear Alpha Olefin (LAO).
11. Company Share
Figure out what proportion of the market share of Linear Alpha Olefin (LAO) is currently held by leading players across China.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Linear Alpha Olefin (LAO).
13. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Linear Alpha Olefin (LAO) market.
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What is the anticipated market growth rate of China Linear Alpha Olefin (LAO) market for the forecast period of 2023 - 2035?
Ans:
The China Linear Alpha Olefin (LAO) market is anticipated to grow at a healthy CAGR of 6.93% for the forecast period of 2023- 2035.
Q2.
Which industry is dominating the China Linear Alpha Olefin (LAO) market?
Ans:
Polyethylene industry is dominating the Linear Alpha Olefin (LAO) market in China with an estimated share of nearly 70% in 2022.
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