South Africa Alpha Olefins Market Outlook

south africa's alpha-olefins market is projected to remain attractive over the 2018 to 2032 period due to increased demand from the automotive, construction, and personal care sectors. the south african market is expected to benefit from increased investment in the petrochemical industry, which will result in increased production capacity and strengthened market fundamentals. the country's industry is projected to benefit from both the domestic and international demand, with africa, in particular, likely to see robust growth. local alpha-olefins producers are expected to benefit from the rising demand for polymers, composites, and other products derived from alpha-olefins. this is due to their enhanced physical properties and cost advantages as compared to other raw materials. strong forward integration trends are likely to encourage the growth of alpha olefin production from domestic producers, leading to increased market share. in addition to growth in demand, the south african alpha-olefins market is expected to benefit from improved feedstock supply thanks to rising availability and easier access to feedstock sources in the region, such as gas and naphtha. rising supply and availability of feedstock will also help to maintain competitive market dynamics. the expected growth in demand for alpha-olefins in the south african market is likely to be bolstered by the large, well-developed distributions network, which should provide access to key consumption markets. also, the country's well-developed supply chain should help to ensure competitive market dynamics. the above factors will unlikely be hampered by the availability of alternative feedstocks and intermediates, such as vegetable oils and ethylene glycol. thus, it is expected that overall the south african alpha-olefins market should remain attractive over the 2018 to 2032 period.