Press release
Olefin Derivatives Market: Increasing Demand with Leading Players to 2025
Olefin derivatives are chemicals that are produced by further processing basic olefins. The olefins derivatives market does not include poly-olefins. Olefin derivatives are manufactured by employing various Industry chemical processing methods such as chlorination, oxidation, and ammoxidation of olefins. Olefin derivatives are some key Industry chemicals and also act as raw materials for producing other chemical products. Olefin derivatives market includes acrylonitrile, ethylene oxide, propylene glycol, butanol, etc.
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Olefin derivatives are used in a wide range of industries and end-uses. Therefore, consumption of these derivatives has been rising owing to the growth in global population.
The use of acetonitrile in pharmaceutical products is increasing rapidly. This is primarily driven by the introduction of advanced pharmaceutical products and improved standards of living in Industryized countries. Acetonitrile is used as a basic raw material for synthesizing vitamins A and B1, sulfa pyrimidine, cortisone, carbonate drugs, and some amino acids. Additionally, it is also used as an important solvent in the pharmaceutical industry, with applications as a reagent, reaction solvent and extraction solvent. For instance, acetonitrile is used as an extraction solvent in the production of insulin and antibiotics (third-generation cephalosporins).
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In 2018, the global Olefin Derivatives market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Olefin Derivatives status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Olefin Derivatives development in United States, Europe and China.
The key players covered in this study
Mitsubishi Chemical
China National Petroleum
Repsol
Ineos Holdings Luxembourg
China Petroleum & Chemical
Market segment by Type, the product can be split into
Acrylonitrile
Ethylene Oxide
Propylene Glycol
Butanol
Others
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Market segment by Application, split into
Pharmaceutical
Industriy
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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