Olefins market size is valued at USD 332.14 billion by 2028
Olefins Market Analysis and Insights
Olefins market size is valued at USD 332.14 billion by 2028 and is expected to grow at a compound annual growth rate of 5.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on olefins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Olefins are chemical compounds which are used as a manufacturing component for a variety of other chemical components. The productions of these compounds are based on the naphtha, crude oil or natural gases. These comprise hydrogen and carbon atoms in the molecular structure that are used broadly in the production of plastic products.
The rising implementation in the automotive industry has highly influenced growth of the olefins market. In line with this, the growing demand for polycarbonates is also acting as a key determinant favoring the growth of the olefins market over the forecast period of 2021 to 2028. Also the, increasing global population significantly contributes to the growth of food and beverage industry which extremely demands for the packaging materials and growing population levels are also positively impacting the growth of the olefins market. The major factor accountable for the growth of the market is the increasing automobile industry which demands for the high quality olefin used to manufacture interiors of automobiles.
However, the fluctuating prices of raw materials for the manufacturing of olefins and high investments may act as key restraint towards olefins market growth rate in the forecast period of 2021 to 2028, whereas the strict environmental regulations regarding the production and manufacturing of crude oil bi-products have the potential to challenge the growth of the olefins market in the above mentioned forecast period.
Furthermore, high penetration of electronics in various applications as well as the growing innovations and advancements in the production methods leading in enhanced effectiveness of production process and improved product offering will further offer a variety of growth opportunities for the olefins market in the above mentioned forecast period.
This olefins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on olefins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Olefins Market Scope and Market Size
Olefins market is segmented on the basis of type, product type, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the olefins market is segmented into ethylene, propylene, butadiene, butylene and others.
- On the basis of product type, the olefins market is segmented into olefin glycols, olefin oxides, ethylbenzene, polyolefins and cumene.
- Based on application, the olefins market is segmented into polyethylene, detergent alcohol, synthetic lubricants, plasticizers, cosmetics, adhesives and others. Others have further been segmented into waxes and others.
- The distribution channel segment for olefins market is segmented into distributors and wholesale.
Olefins Market Country Level Analysis
Olefins market is analyzed and market size, volume information is 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 leads the olefins market because of the high production rate and stringent environmental regulations within this particular region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increasing construction activities due to rapid urbanization associated with high growth of automotive industry in emerging countries within this particular region.
The country section of the olefins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Olefins Market Share Analysis
Olefins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to olefins market.
The major players covered in the olefins market report are Exxon Mobil Corporation, INEOS AG, Royal Dutch Shell, National Petrochemical Company, China Petroleum & Chemical Corporation, SABIC, DuPont, Total, NOVA Chemicals Corporate, Chevron Phillips Chemical Company LLC, LyondellBasell Industries Holdings B.V., Sasol, Evonik Industries AG, Qatar Chemical Company Ltd, Mitsubishi Electric Corporation, Idemitsu Kosan Co.,Ltd., Mitsui Chemicals, Inc., Jam Petrochemical Company, TPC Group and BASF SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Olefins Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.