Internal Olefin Market Top Key Players: Royal Dutch Shell, INEOS Oligomers, Elevance Renewable Sciences, Inc., Sasol Limited, Chevron Phillips Chemical Company, Schlumberger Limited, Halliburton, Idemitsu Kosan Co., Ltd., SABIC, Infineum International Lim
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Germany internal olefins market should surpass USD 90 million by 2024. It is widely used in lubricants, facilitating low emission and is considered as environment friendly, thereby enhancing product demand. Automotive manufacturers are investing in R&D activities, in order to produce ecofriendly products, thereby stimulating regional industry growth.
Internal olefins market from surfactants may exceed to 170 kilo tons by 2024. Strong application outlook in liquid soaps, dish washing liquids, detergent shampoos and hand wash owing to low toxicity is likely to have positive impact on industry growth. Growing demand for mild, skin irritants and sensitizers free detergents along with high cleaning capacity should fuel product demand.
Internal olefins from lubricants application may witness gains at above 4%. It helps in maintaining performance to cost ratio along with enhancing fuel efficiency by minimizing smudge formation. Increasing awareness pertaining to synthetic lubricants benefits in automobile industry mainly in India and China supported by strict low emission standards should boost product demand.
Availability of substitutes including linear alpha olefin, poly alpha olefins may challenge industry growth. Ethylene and n- paraffin are the key raw materials used for commercial production. Fluctuating raw material prices may limit industry profitability which may impact internal olefins market price trend.
Lubricants application should surpass USD 350 million by 2024. Internal olefins used in lubricants enhances fuel efficiency, vehicle performance and equipment life. It is mainly used in industrial and automotive lubricants owing to mandatory compliance implemented by REACH and EPA and act as synthetic oil base stock, helping in maintaining performance and cost ratio of the manufacturers.
Internal olefins are dependent majorly on the raw materials including ethylene and n-paraffins. Ethylene oligomerization process are prominently used in the manufacturing of alpha olefins. Fluctuation in raw material prices may hinder internal olefins market price trend and affect industry profitability.
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Partial Chapter of the Table of Content
Chapter 3 Internal Olefins Market Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscape
3.5 Technology landscape
3.5.1 Internal olefin production from SHOP Process
3.5.2 Internal olefin production from n – paraffins
3.6 Pricing analysis
3.7 Industry impact forces
3.7.1 Growth drivers
184.108.40.206 Growing oil field drilling and exploring activities in North America
220.127.116.11 Growing synthetic based lubricants demand in Asia Pacific
3.7.2 Industry pitfalls & challenges
18.104.22.168 Availability of substitute
3.8 Innovation & sustainability
3.9 Growth potential analysis, 2016
3.9.1 Emerging business model
22.214.171.124 Collaboration/Joint ventures
3.10 Porter’s analysis
3.11 Competitive landscape, 2016
3.11.1 Internal olefin estimated production capacity
3.11.2 Strategic dashboard
3.12 PESTEL analysis
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Russia internal olefins market size is likely to grow over 3.5% by the end of forecast period. Increasing awareness pertaining to advantages of synthetic lubricants over its counterparts for cost effectiveness and higher fuel efficiency should propel regional demand. Rapid development in automotive sector and increase in personal vehicle ownership should drive industry growth.
Shell, Sasol, Elevance and INEOS Oligomers are the main industry players in the internal olefins market. Strong R&D spending by automotive and oil & gas manufacturers in order to comply with environmental norms may enhance product portfolio thereby driving industry growth.
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