Global Olefin Derivatives Market by Type (Acrylonitrile, Ethylene Oxide, Propylene Glycol, Butanol, Others), By Application (Pharmaceutical, Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Market For Olefin Derivatives size is expected to grow at a CAGR of 7.2% during the forecast period, with an estimated value of US$ 71.9 billion by 2028. The growth in this segment will be driven by various factors such as increasing demand for pharmaceuticals and industrial products across the world, growing need for feedstock chemicals due to expanding petrochemical industry, and rising consumption of plastics among others. In recent years, global investments in pharmaceuticals have increased significantly with the Asia Pacific region being one of the leading contributors; also driving investments are countries like India and China which are gradually becoming more important players in this sector.

Olefin is an unsaturated hydrocarbon consisting of a linear chain with one or more double bonds. Olefins are used in many chemical industries as raw material and building blocks for making downstream products such as adhesives, detergents, solvents, polymers (e.g., polyethylene), oleochemicals (e.g., polyolefins), etc. Olefin derivatives refer to the derivative compounds obtained by modifying them through different processes like oxidation, hydrogenation and dehydrogenation reactions, etc.

Olefin derivatives are used in the production of polypropylene, synthetic fibers for textiles and carpeting, cosmetics such as nail polish remover. Olefins are gaining importance due to their usage in pharmaceutical products like Acetominophen (pain relief), ibuprofen (anti-inflammatory), and butalbital which is a sedative drug. The use of olefin derivatives in industrial sectors such as manufacturing industries helps them achieve greater efficiency with reduced costs through improved product quality.

On the basis of Type, the market is segmented into Acrylonitrile, Ethylene Oxide, Propylene Glycol, Butanol, and Others.

Acrylonitrile:

Acrylonitrile is a colorless gas that has a strong odor and taste. It can be used to produce various compounds such as acrylates, nitrocellulose, and plasticizers for paints or adhesives. The main applications of Acrylonitrile are in the production of acrylic acid which is an important raw material for manufacturing polymers like nylon and spandex.

Ethylene Oxide:

Ethylene Oxide is a colorless gas, liquid, or tablet. It has an unpleasant odor and taste which makes it unsuitable to be used as food additives in any form. In general, Ethylene Oxide is utilized in the manufacturing process of various products such as plastics (polyethylene), polyurethanes for foams; resins and adhesives, industrial cleaners like fatty acids esters found in waxes, etc., pesticides and pharmaceuticals, solvents for cellulose acetate film production; antiseptics/antibiotics, etc.

Propylene Glycol:

Propylene Glycol is a clear, colorless liquid with no odor and taste. It is used in the production of polyester fibers, plasticizers for PVC; paint solvents, antifreeze/deicing agents, etc., as well as being an important solvent for food colors and flavors to be added to beverages like sodas and ice creams.

Butanol:

Butanol is an organic alcohol with the chemical formula CH₃CHOH. It’s a gas at room temperature and pressure, but can be liquefied under reduced pressure in order to form a liquid. Butanol is colorless or white-yellowish, highly flammable, and has a sweet odor similar to ethanol (drinking alcohol). It serves as an important solvent for dyes for clothes; paint solvents found in lacquers; pharmaceutical resins like acetone glycerin etc.; lubricants, petrochemicals.

On the basis of Application, the market is segmented into Pharmaceutical (which includes drugs like acetone) and Industrial (that makes paints and other solvents for products such as lacquers), and Others. The industrial sector is expected to occupy the largest share of this market, in terms of value. In addition, the pharmaceutical sector is anticipated to be the second major application segment and expected to witness significant growth during the period.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is estimated to be the largest in terms of revenue. The market is driven by factors such as rising demand for olefin derivatives from pharmaceutical and industrial sectors, a high production base, the presence of major players, and increasing development activities that result in increased product supply.

The Latin America region is anticipated to witness the fastest growth during the forecast period owing to rapid economic expansion, rise in consumer purchasing power coupled with intensive research & development initiatives by key companies operating in this region. This regional segmentation can also be attributed to the availability of raw materials coupled with low labor cost which will drive organic compound producers. The Middle East & Africa region is expected to generate significant revenues on account of a surge in the pharmaceutical sector owing to growing healthcare needs among consumers due partly because of the rise in population.

The global olefin derivatives market is projected to register significant growth during the forecast period owing to increased consumption of organic compounds by various end-use industries such as pharmaceutical and chemical manufacturing. Increasing demand for these products mainly from Asia Pacific economies like China, India, Japan due to rapid economic expansion will further propel this regional segmentation. Moreover, rising investments & intensive research activities coupled with an increase in production capacity will lead towards sustained supply which would subsequently augment product offerings across different applications including pharma and industrial sectors. However, stringent regulations on environmental protection may hamper growth at some point in time. The manufacturers are also focusing on sustainability initiatives that help them attain ISO 14000 certification which leads towards sustainable development practices.

Up Market Research published a new report titled “Olefin Derivatives Market research report which is segmented by Types (Acrylonitrile, Ethylene Oxide, Propylene Glycol, Butanol, Others), By Applications (Pharmaceutical, Industry), By Players/Companies Mitsubishi Chemical, China National Petroleum, Repsol, Ineos Holdings Luxembourg, China Petroleum & Chemical”.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Olefin Derivatives Market Report Segments:

The market is segmented by Type Acrylonitrile, Ethylene Oxide, Propylene Glycol, Butanol, Others and By Application Pharmaceutical, Industry.

Some of the companies that are profiled in this report are:

1. Mitsubishi Chemical
2. China National Petroleum
3. Repsol
4. Ineos Holdings Luxembourg
5. China Petroleum & Chemical

Olefin Derivatives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Olefin Derivatives Market

Overview of the regional outlook of the Olefin Derivatives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Olefin Derivatives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Olefin Derivatives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Acrylonitrile

                2. Ethylene Oxide

                3. Propylene Glycol

                4. Butanol

                5. Others

                1. Pharmaceutical

                2. Industry

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Olefin Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Olefin Derivatives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.