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Internal olefins Market : Top Impacting Factor of Market Growth By Top Key Players INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc

10-22-2021 03:17 PM CET | Industry, Real Estate & Construction

Press release from: Coherent Market Insights

Internal olefins are predominantly linear however, may contain small amount of branched material as impurities. Growing environmental concerns related to the impact of fluids on aquaculture is driving growth of internal olefins market. Key players operating in petroleum industry generally prefer various synthetic-based fluids such as synthetic paraffin, internal olefins, and linear alpha olefins. These synthetic fluids provide safe and cost effective solution for gas wells and oil drilling, fueling growth of the internal olefins market.

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Key companies covered as a part of this study includes, INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc, Elevance Renewable Sciences, Inc., Chevron Corporation, SABIC, Halliburton Company, Schlumberger Limited, Shrieve Chemical Company, and Idemitsu Kosan Co., Ltd.

Due to strong demand for internal olefins from China, India, South Korea, and Japan, Asia Pacific had a high market share in 2017. Growing demand for agrochemicals, as a result of rising population, drives up demand for agricultural products, boosting the internal olefin market. According to the India Brand Equity Foundation (IBEF), the agrochemical market in India is predicted to develop at a rate of 7.5 percent per year in 2015, with a 6.5 percent annual increase in domestic demand, to reach US$ 6.3 billion by 2020.

North America was one of the largest regions in the internal olefins market in 2017. Shale gas revolution paved paths for increasing exploration and production activities in this region. According to the U.S. Energy Information Administration, the total shale production in the U.S. in 2014, was 13.4 trillion cubic feet, which reached up to 15.2 trillion cubic feet in 2015. Increase in offshore exploration & production (E&P) activities in shallow and deep water contributed to increasing growth of the oil and gas chemicals industry in this region, in turn aiding in growth of the internal olefins market.

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Detailed Segmentation:

Global Internal Olefins Market, By Technology:
Paraffin Dehydrogenation
Isomerization & Disproportionation (I/D)
Global Internal Olefins Market, By Application:
Surfactants
Oil Drilling
Pharmaceuticals
Lubricants
Agrochemical
Others

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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