Press release
Internal Olefins Market trends, drivers & growth opportunities, 2017 – 2024.
Internal Olefins Market size is set to surpass USD 2 billion at the end of 2024; according to a new research report by Global Market Insights, Inc.
Strict regulations by REACH & EPA across oil drilling industries coupled with increasing automobile sales in India, China and Brazil will propel industry growth. Automotive manufacturers prefer to use synthetic lubricants over conventional owing to addition of internal olefins in it. They have properties like biodegradability, thermal stability and lubricity which help in preventing sludge formation in vehicle engines.
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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.
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.
Browse key industry insights spread across 120 pages with 92 market data tables & 26 figures & charts from the report, “Internal Olefins Market Size By Application (Oil Drilling, Surfactants, Lubricants, Agrochemicals, Pharmaceuticals) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, South Korea), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/internal-olefins-market
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.
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.
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Germany accounts for more than 15% share in its European market. Spearheading developments in, electronics, automotive, aerospace and other engineering companies in the country makes it a substantial contributor of its region.
U.S. is an international hub for the pharmaceutical industry from past few decades. Paraformaldehyde consumption in the medical sector as a fixative and disinfectant will grow its market. Technological advancements in medical sector have given a boost to its industry.
Prominent manufacturers in paraformaldehyde market are Parchem, Inter Atlas Chemical, GFS Chemicals, Alfa Aesar, Shanghai Orgpharma Chemical Co., Ltd., Ekta International, Thana Acid, Oswal Udhyog, Asia Chemical Company, Caldic, and Nantong Jiangtian Chemical Co., Ltd.
About Global Market Insights, Inc.
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.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Email: sales@gminsights.com
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