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Internal Olefins Market Share - Industry Size, Growth Report 2024 | Key Players are Shell, INEOS, Sasol, Chevron Phillips Chemical Company, Schlumberger, Halliburton, SABIC, Elevance Renewable Sciences, Inc.
Internal Olefins Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Shell
2. INEOS
3. Elevance Renewable Sciences, Inc.
4. Sasol
5. Chevron Phillips Chemical Company
6. Schlumberger
7. Halliburton
8. Idemitsu Kosan Co., Ltd in HCMC
9. Shrieve Chemical Products, Inc.
10. SABIC
11. INFINEUM INTERNATIONAL LIMITED
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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.
Internal olefins demand from surfactants applications is likely to witness significant growth at over 4.5% by the end of projected period. These products when added to surfactants are highly compatible with hard water and possess good wetting and foaming characteristics. Surfactants include bubble baths, powder & liquid detergents, liquid hand soap and shampoos are free of skin irritants and sensitizers.
Internal Olefins Market, By Application
• Oil Drilling
• Surfactants
• Lubricants
• Agrochemicals
• Pharmaceutical
Browse key industry insights spread across 120 pages with 92 market data tables & 26 figures & charts from the report, “Internal Olefins Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/internal-olefins-market
U.S. internal olefins market demand is likely to exceed USD 750 million by 2024. Increase in oil & gas exploration owing to shale gas revolution has resulted into growth in drilling platforms. The product has extensive usage in oil drilling due to its well-bore stability, lubricity and thermal stability which helps in lesser environmental impact caused by drilling.
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.
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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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