(MENAFN- America News Hour) Research Nester assesses the growth of the global 1-decene market which is anticipated to be on account of the growing need of manufacturing processes
Research Nester's recent market research analysis on
“1-Decene Market: Global Demand Analysis & Opportunity Outlook 2035”
delivers a detailed competitors analysis and a detailed overview of the global 1-decene market in terms of market segmentation by derivative, grade, application, end-use industry, and by region.
Growing Automotive Industry to Drive Growth of Global 1-Decene Market
The increasing utilization of 1-decene in the automotive and manufacturing industries as a transmission, compressor, lube-oil added substance and gear oil is expected to bring growth opportunities for the market growth. Apart from this, the rising consumption of packaged food products is acting as another growth-inducing factor as 1-decene is employed to produce polymers, such as polyethylene, that are used to pack these items. They are also used as food additives, glazing and polishing agents, which, in turn, has intensified their adoption in the food and beverage (F&B) industry.
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The market research report also includes other growth factors and challenges that are associated with the growth of the global 1-decene market. Some of the major growth indicators are:
Growth Drivers:
Surge in Investment in R&D Sector High Utilization in Various End-Use Industries
Challenges:
The highly toxic in nature of the product along with the fluctuation in costs of raw materials and rising concern for stringent governmental rules are some of the major factors anticipated to hamper the growth of the global 1-decene market. Despite of the numerous restraint factors associated with the growth of the market, Research Nester's analysis indicates a robust growth for the market during the forecast period
The market research report on global 1-decene encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
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By end-use, the global 1-decene market is segmented into food & beverage, pharmaceutical, paints & dyes, and others. Out of these, the food & beverage segment is expected to garner the highest market share by 2035, owing to high consumption of food and beverage products.
In 2021, the food manufacturing sales reached almost USD 120 billion and is projected to increase with a steady rate of 7%.
By region, the North America 1-decene market is to attributed to garner the highest share. The rising demand from end-use industries along with the presence of leading key players and growing economic plus GDP level are some of the factors that are anticipated to drive the market growth.
The research is global in nature and covers detailed analysis on the 1-decene market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global 1-decene market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global 1-decene market which includes company profiling of 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., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 1-decene market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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