With the comprehensive Olefins market report it becomes easy to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. Furthermore, this market research report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream downstream, industry progress, key companies, along with type segment and market application. The report makes Olefins industry well acquainted with profound knowledge of the global, regional and local market statistics. Market drivers and market restraints are studied carefully in Olefins report along with the analysis of the market structure.
An international Olefins report puts across the idea of high level analysis of major market segments and identification of opportunities. This market report consists of historic data along with future forecast and detailed analysis for the market on a global and regional level. When it is about estimating general market conditions, the growth prospects in the market, likely restrictions, significant industry trends, market size, market share, sales volume and future trends, the finest market research report such as this business report comes into picture. Olefins is the first-class market research report that conducts industry analysis on products, markets, companies, industries and many countries worldwide.
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The olefins market is anticipated to rise rapidly over the forecast period, due to rising global demand for greener and cleaner industrial fluids and increasingly stringent emission restrictions in a number of developed and developing economies. Furthermore, as worldwide demand for crude oil and its derivatives grows, the market is expected to be driven by an increase in the use of internal olefins in oil drilling and related activities. As a result, these determinants have assured the increased expansion of market.
Global Olefins Market was valued at USD 240.0 billion in 2021 and is expected to reach USD 347.91 billion by 2029, registering a CAGR of 4.75% in 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Olefin (also referred as alkene) is a hydrogen-carbon molecule with one or more pairs of carbon atoms joined by a double bond. Unsaturated hydrocarbons include olefins (compounds that contain only hydrogen and carbon and at least one double or triple bond).
Opportunities
- Growth in Innovation and Surging Investments
Furthermore, growing innovations and advancements in the production methods leading in enhanced effectiveness of production process and improved product offering further extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing investments in research and development will further expand the future growth of the olefins market.
Some of the major players operating in the olefins market are
- Shell (Netherlands)
- Chevron Phillips Chemical Company LLC (U.S.)
- Ineos AG (Switzerland)
- SABIC (Saudi Arabia)
- Sasol (South Africa)
- Evonik Industries AG (Germany)
- Dow (U.S.)
- ExxonMobil Corporation (U.S.)
- Idemitsu Kosan Co. Ltd. (Japan)
- PJSC Nizhnekamskneftekhim (Russia)
- JAM Petrochemicals Company (Iran)
- NOVA Chemicals Corporate (Canada)
- Chevron Phillips Chemical Company LLC (U.S.)
- LyondellBasell Industries Holdings B.V. (U.S.)
- Qatar Chemical Company Ltd. (Qatar)
- Mitsubishi Mitsui Chemicals, Inc. (Japan)
- Jam Petrochemical Company (Iran)
- TPC Group (U.S.)
Global Olefins Market Scope
The olefins market is segmented on the basis of type, product type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Ethylene
- Propylene
- Butadiene
- Butylene
- Others
Product Type
- Olefin Glycols
- Olefin Oxides
- Ethylbenzene
- Polyolefins
- Cumene
Application
- Polyethylene
- Detergent Alcohol
- Synthetic Lubricants
- Plasticizers, Cosmetics
- Adhesives
- Others
Distribution Channel
- Distributors
- Wholesale
Olefins Market Regional Analysis/Insights
The olefins market is analyzed and market size insights and trends are provided by country, type, product type, application and distribution channel as referenced above.
The countries covered in the olefins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the region's high production rate and stringent environmental regulations.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing construction activities due to rapid urbanization associated with high growth of automotive industry within the region.
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