Olefin Market – Global Industry Analysis, Size, Share, Trends and Forecast 2017 – 2023
The forecast Olefin Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Olefin on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The global olefin market was sized over USD 14.2 billion in 2015. The global olefin market is projected to reach USD 21.50 billion by 2023, growing with a CAGR of X.XX% from 2017 to 2023.
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The increasing demand for polyethylene is expected to be a prime factor driving the growth of global olefin market over the forecast period. Easy availability of ethylene, a key raw material used for olefin production will also drive this market. Furthermore, increasing environmental concerns regarding automotive production of olefin will drive the global olefin market over the forecast period. Moreover, fluctuating prices of raw materials needed for the production of olefin, government regulations on usage of polyethylene as well as increasing consumer awareness regarding environment hazards caused by polyethylene are the key factors restraining the growth of global olefin market. Growing demand for bio-degradable which forces manufacturers to focus on R&D for bio-based raw material development and increasing olefin demand from end-use industries is expected to bring more opportunities to the global olefin market over the forecast period.
Market Segmentation by End-User Applications, Product Type and Region
The report segments the global olefin market by end user applications, product type, and region. The end user applications include polyethylene, synthetic lubricants, cosmetics, plasticizers, adhesives, detergent alcohol, and others. On the basis of product type, the market has been segmented into 1-butene, 1-hexane, 1-octane, 1-decent, 1-dodecane, and some others.
Major Key Players Mentioned in this Premium Report
The companies covered in the report include Shell Chemical Ltd., Chevron Phillips, INEOS Oligomers, Sasol, Idemitsu Petrochemical, Sinopec Beijing Yanhua, ONGC, Exxon Mobil Corporation, and Saudi Arabia Basic Industries Corporation.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the demand for olefin globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of olefin.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the olefin market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. Additionally, the analysis highlights the rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers, and distributors of the olefin market to understand the present and future trends in this market and formulate their strategies accordingly.
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