1-Decene Market Share

  • Report ID: 4591
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

1-Decene Market Share

North American Market Forecast   

The North American 1-decene market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The major factors that are estimated to drive market’s growth in the forecast period are the rapid expansion of the automobile industry along with the high demand for vehicles by the rising population in the region. Moreover, 1-decene is an excellent option to work as a lubricant, gear oil, transmission, and compressor in automobiles. As per the International Organization of Motor Vehicle Manufacturers (OICA), the sales of all types of vehicles in the American region grew from 20,814,832 in 2020 to 22,001,152 in 2021, whereas the production of the same region was 16,151,639 vehicles in 2021. Furthermore, the continuous expansion of the petrochemical infrastructure and the oil & gas sector in the U.S., Canada, and Mexico is expected to increase the utilization of 1-decene in the following years. Noteworthy growth in the packaging industry, along with the chemical industry, is also expected to bring lucrative opportunities for the expansion of market size. Recent reports calculated that the chemical industry in the United States region amounted to almost USD 550 billion in 2019.

APAC Market Statistics

Moreover, the market in the Asia Pacific region is also expected to show a notable success rate. The rapid technological advancement, along with the surge in demand for polyethylene from various industries is expected to impetus the market growth in the region.

Research Nester
1-Decene Market size
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Author Credits:  Rajrani Baghel


  • Report ID: 4591
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of 1-decene is estimated at USD 2.61 billion.

The 1-decene market size was over USD 2.42 billion in 2024 and is projected to cross USD 8 billion by the end of 2037, growing at more than 9.6% CAGR during the forecast period i.e., between 2025-2037. The rising manufacturing sector along with the rising demand from end-use industries will drive the market growth.

North America is set to hold largest industry share by 2037, owing to rapid expansion of the automobile industry along with the high demand for vehicles by the rising population in the region.

The major players in the market include Shell Group, Exxon Mobil Corporation, INEOS AG, Chevron Phillips Chemical Company LLC, Sasol Limited, Qatar Chemical Company Ltd, Idemitsu Kosan Co., Ltd., Saudi Basic Industries Corporation, Alfa Aesar (Thermo Fisher Scientific), Gelest, Inc.
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