Amongst the Higher LAOs, demand for Decene-1 accounted for almost 27% followed by dodecene-1 at 23%. Tetradecene was the third largest type of Higher LAO with a share of around 17%. All other LAOs from C16 & other Higher LAOs together account for 33%. Decene-1 is expected to grow at 3.4% while all other higher LAOs (dodecene-1, Tetradecene-1 and C16 & other Higher LAOs) are expected to grow at an average of around 3.0%.
The Asia-Pacific current demand for butene-1 has grown by 1.6 times from 342 kilo tons in 2010 to reach 550 kilo tons in 2017. Historically, the overall demand witnessed an aggregate growth rate of around 7.0% in the last 7 years, mainly supported by the strong demand from polyethylene. Polyethylene applications still accounts for 86% market demand for butene-1 and in the long-term forecast it is expected to remain the single largest driver followed by other small applications. Butene-1 demand for LLDPE applications followed by its use for HDPE production will drive the regional butene-1 demand estimated to grow at an annual average of around 8.0% in the long-term forecast till 2025.
For More Reports :- https://prismaneconsulting.com/reports
