1-Decene Market Size, Share, Growth, Trends, and Global Industry Analysis: By Derivative (Polyalphaolefins, Oxo Alcohols, Linear Alkyl Benzene, Linear Mercaptans, Chlorinated Alpha Olefins, and Others), By Method of Production (Catalytic Cracking, Oligomerization of Ethylene, and Others), By Application (Surfactants, Plasticizers, Synthetic Lubricants, Polyethylene, and Others), and Region Forecast 2019-2030

1-Decene market size was valued at US$ 812.4 million in 2023 and is poised to grow at a CAGR of 5.9% from 2024-2030. 1-Decene is a type of alpha-olefin that has the chemical formula C10H20 and is a linear, branched-chain hydrocarbon that is frequently used in the production of polymers, resins, and synthetic lubricants, and are useful chemical intermediates. The extensive demand for linear low-density polyethylene (LLDPE) in packaging, automotive parts, and various other applications drives the market. Furthermore, the expansion of the petrochemical and olefin industries as the world economy develops has significantly influenced the demand for 1-decene.

Additionally, the rising concerns about sustainability and environmental effects have created several opportunities for manufacturers to generate 1-decene from renewable feedstocks like biomass or bio-based sources. Currently, the products created from bio-based materials, particularly those derived from 1-decene, are in greater demand on the market. The popularity of 1-decene and its derivatives made from biomaterials is growing as a result of their biodegradability and diminished environmental effects. Moreover, the increased R&D investments for the development of alpha olefins from different sources are also anticipated to propel the market growth.

For instance, in 2010, researchers at the Center for Biorenewable Chemicals (CBiRC), a US Engineering Research Center supported by the NSF, demonstrated that E. coli can synthesize medium chain length free fatty acids utilizing sugars as a source of carbon. Codon-optimized eukaryotic and prokaryotic enzyme sources expressed in microbial systems are used in the study. But, the constant fluctuating prices of crude oil prices and feedstock availability along with concerns about the environmental impact of 1-decene-derived products may hinder the market growth. However, the increase in the manufacturing of PAOs, increased demand for PAOs-based synthetic lubricants, technological advances and expansions are anticipated to burgeon the market during the forecast years.

1-Decene Market Key Developments

• In March 2022, ExxonMobil announced that the construction of the new linear alpha olefins (LAO) manufacturing unit is progressing toward a mid-2023 start-up. ExxonMobil will manufacture 10 high-purity LAO products at the site and market the new offering under the Elevexx brand name.
• In May 2019, Exxon Mobil planned to expand its Baytown, Texas, US chemical plant with an investment of US$ 2 billion, which is expected to contribute a 15% return with respect to its investment. The investment is believed to maximize the production from the Permian basin and extra produce of 350,000 tons of linear alpha olefins a year.