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A succinct outline of linear alpha olefins industry with competitive terrain as frame of reference, global share to surpass USD 19 billion by 2024

Corresponding to the growing appetite for flexible and sustainable packaging solutions across a plethora of retail domains, linear alpha olefins industry has experienced commendable proliferation on a global scale. Linear alpha olefins (LAO), mostly utilized as comonomers, has indeed traversed a remarkable jaunt lately pertaining to the increasing consumption of polyethylene, especially LLDPE (linear low-density polyethylene) as a packaging material. This is apparently vivid from the estimates which claim global per-capita consumption of LLDPE per person is almost 4 to 5 kilograms. Inherently driven by the obvious fact that low-density polyethylene is mainly manufactured by copolymerization of ethylene and higher alpha olefins including the likes of butene, hexene, and octene, the aforementioned data undeniably justifies the exponential demand graph of linear alpha olefins industry. Reliable statistics further convey that globally LLDPE utilization would grow at an annual rate of 5% over 2016-2021. Speaking of its impression on alpha olefins industry share, Global Market Insights, Inc. forecasts LLDPE applications to surpass a valuation of USD 10 billion by 2024.

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