1-Decene Market Segmentation:
End-user Segment Analysis
The global 1-decene market is segmented and analyzed for demand and supply by end-use industry into food & beverage, pharmaceutical, paints & dyes, and others. Out of these, the food & beverage segment is expected to garner the highest market share by 2035. The factors contributing to segment growth are the high consumption of food and beverage products by the burgeoning population along with the rising use of 1-decene as a food additive. In 2021, food manufacturing sales reached almost USD 120 billion around the world and are projected to increase at a steady rate. Also, the benefits of 1-decene to be an effective glazing and polishing agent for food products and its help in producing synthetic fatty acids as an alpha-olefin is anticipated to create a positive outlook for the segment’s growth in the assessment period.
Derivative Segment Analysis
The global 1-decene market is also segmented and analyzed for demand and supply by derivative into polyalphaolefins, oxo alcohols, linear alkyl benzene, linear mercaptans, chlorinated alpha olefins, and others. Out of these, the polyalphaolefins segment is attributed to garner the highest market share by the end of 2035 on the back of its high utilization rate in the automotive industry as well as other manufacturing sectors. Moreover, it is in high demand from the constructing spectrum owing to its anti-corrosive properties against metals, steel, and alloys.
