Light Linear Alpha Olefins Market is growing at a rapid pace with Chevron Phillips Chemical announcing to expand its alpha olefins production in its Old Ocean, Texas, U.S. facility
Linear Alpha olefins are a new type of emulsifier that has recently caught the attention of the cosmetic and pharmaceutical industries. Alpha hydroxyl acids (AHAs) are used in many skincare products for their ability to absorb oil, diminish wrinkles, and also to exfoliate dead skin cells. However, these same chemicals are also considered "permeable" and can soak up other ingredients as well. Linear alpha olefins are one of the widely used products in various end-use industries such as automobile and packaging. The demand is also high in the construction industry as well. As per the India Brand Equity Foundation (IBEF), India’s domestic automobile sales reached 21.55 million units in FY20, registering a CAGR of 1.29%. As per the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally. Alpha olefins are typically used in the producti...