GCC Alpha Olefins Market Outlook

gcc alpha olefins market outlook for 2018–2032 is expected to validate the sustained demand for the product owing to its vast range of application in various industries. alpha olefins are linear alpha-olefin hydrocarbons used as intermediates in the production of polyethylene, detergents and surfactants, lubricants, varnishes, paints, solvents and many other specialty products. in terms of market drivers, the biggest factor conducive to the growth of the gcc alpha olefins market is the growing demand for polymers across various industries. additionally, the demand for alpha olefins as lubricants is expected to increase significantly over the forecast period owing to its superior qualities such as good oxidation and thermal stability, low volatility and good polar compatibility. it is also used as emulsifiers, viscosity depressants and dispersants in low-temperature applications. furthermore, the rapid industrialization in the region and the increasing investments in petrochemical projects in the region will further boost the demand for alpha olefins. this is mainly due to the fact that alpha olefins are used in the production of polyethylene, butadiene, and octene. the outlook for the gcc alpha olefins market is positive, with the industry expected to expand over the forecast period. from 2018–2032, the market is expected to experience sturdy growth in terms of production and consumption. furthermore, the product is also gaining traction in the region as it is used as the backbone for many end-use markets such as automotive, industrial, and consumer products. in conclusion, the gcc alpha olefins market will experience robust growth in 2018 – 2032 driven by the exceptional growth in the production and consumption of the product in multiple industries. the growth is set to be propelled by the increasing use of the product as a lubricant and in polyethylene production. the industry is expected to benefit from the government’s ongoing investment in the petrochemical sector.