Low Oil Prices and Increased Demands in Plastic Packaging, to Trigger Growth in Olefin Derivatives Market

Ongoing development activities in developing economies such as China and India has led to notable growth in olefin derivatives market. Besides, diminished oil prices and increased demands posed by plastics and packaging industries are also contributing towards surged growth in olefin derivatives market. Market Research Hub (MRH) has added a new research study titled, ‘Olefin Derivatives: Global Markets to 2022’, to evaluate the implications of recent developments on the growth of olefin derivatives market. To resonate with end-user expectations for safe and healthy products, leading manufacturers in olefin derivatives market are concentrating resources to develop recyclable plastics. This has reflected positively towards growth of olefin derivatives market across regions. Besides, increased use of olefin as extraction and reaction solvents pharmaceutical industry has also encouraged manufacturers to invest significantly in enhanced production of olefin derivatives. In a recent development, China National Offshore Oil Corporation has partnered with Shell to start their joint venture in the production of ethylene cracker at Shell’s Nanhai petrochemicals complex, China. The venture is aimed to multiply ethylene production capacity to sync with increased demands. The companies are expected to register tremendous progress on the growth chart of olefin derivatives market.

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 Oxo Alcohols: Likely to Exhibit Maximum Growth in Olefin Derivatives Market

Vital insights cited in the report enlighten readers about various segments present in olefin derivatives market. This section of the report highlights type as the singular segment prevalent in olefin derivatives market. Based on type, olefin derivatives market is categorized as acrylonitrile, ethylene oxide, ethylene glycol, oxo alcohols, propylene oxide, and vinyls. The report aids readers to gauge the impact of the segment in revenue generation. Based on the account of research findings, readers can also identify business tools implemented by leading companies to trigger growth in olefin derivatives market.

Asia-Pacific Identified as the Largest Market for Olefin Derivatives

Besides segmentation, the report also outlays veritable insights on geographical distribution of olefin derivatives market, based on regions. Based on region, the geographical distribution of olefin derivatives market is segregated as Europe, North America, South America, Asia-Pacific, and Middle East and Africa. The report outlines key marketing policies formulated by leading companies in various regions of olefin derivatives market. The report also enumerates the impact of these business policies in triggering growth in olefin derivatives market, besides analyzing the impact of these policies on overall growth of olefin derivatives market.

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 Key Players in Olefin Derivatives Market

Exhaustive research findings incorporated in the report informs readers about winning strategies applied by leading players in olefin derivatives market, besides detailing about end-user response and purchase decisions. Based on these elaborate research findings, new and existing market players can carry out detailed analysis of these strategies and deduct core inferences. Based on these core findings, market players can design and implement crucial, profit driven investment policies and business decisions that render growth in olefin derivatives market. Key players in olefin derivatives market include, Mitsubishi Chemical Holdings, Repsol, INEOS Group Holdings, Royal Dutch Shell, and PetroChina amongst others.     

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This release was published on openPR.