The Global Olefins Market size is projected to grow at a CAGR of 5.5% during the forecast period 2018-2028. The growth in the market can be attributed to the increasing demand from end-use industries, especially manufacturing and industry segments. In this report, we have considered three key types of olefins – ethylene, propylene, and butadiene. Furthermore, we have analyzed the market on the basis of major regions – North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
An olefin is a hydrocarbon that contains at least one carbon-carbon double bond. The simplest olefin is ethylene, which consists of a single carbon-carbon double bond. Olefins are produced industrially on a large scale from natural gas and crude oil. They are used to make plastics, fibers, elastomers, and other chemicals. Some of the key features of olefins are that they are colorless, flammable, and volatile. They also have a strong odor and can cause skin irritation. Some key benefits include: High reactivity allows for the production of many different types of plastics and other products. Low flammability and toxicity make them safe to use. Wide range of applications due to their reactivity. High performance in a variety of settings. Overall, olefins are a very versatile and valuable type of hydrocarbon that offers many benefits to users. They play a key role in the manufacture of plastics and other products, and they continue to grow in popularity due to their many advantages.
On the basis of Type, the global olefins market is segmented into ethylene, propylene, and butadiene.
Ethylene type olefins are the most common form of olefin and are produced by steam cracking. Ethylene is used extensively in the manufacturing of plastics, chemicals, and fibers. It is also a key component in the production of polyethylene terephthalate (PET), which is used to make beverage bottles and packaging. Ethylene type olefins are characterized by their high reactivity. Furthermore, ethylene type olefins are also used as feedstocks for the production of other chemicals. Some of the key features of these olefins include: High reactivity, a Wide range of products produced, Used as feedstocks for the production of other chemicals.
Propylene is the second most common form of olefin and is produced by thermal cracking or steam cracking. It is used to produce plastics, chemicals, fibers, and detergents. Propylene is also a component in the production of polypropylene (PP), which is used to make packaging, automotive components, and furniture. Propylene type olefins have various features that include but are not limited to: Low viscosity and volatility make them good solvents. They have low reactivity, which makes them suitable for use as monomers in polymerization reactions. The presence of three methyl groups on the propylene molecule gives it a higher reactivity than ethylene. They are less flammable than butadiene and ethylene. Propylene has a boiling point of -42 degrees Celsius, while butadiene has a boiling point of -11 degrees Celsius. Propylene is colorless, while butadiene is red. Propylene is a gas at room temperature, while butadiene is a liquid. The density of propylene is lower than that of butadiene. Butadiene smells unpleasant, while propylene does not have an odor. All these features make propylene-type olefins desirable for various applications. They are used in the manufacture of plastics, rubbers, solvents, and other chemicals. They are also used as monomers in the production of polypropylene and other plastics. Propylene-type olefins are also used as fuels and lubricants. In addition, they find applications in the pharmaceutical industry.
Butadiene is the third most common form of olefin and is produced by thermal cracking or steam cracking. Butadiene is used to produce plastics, chemicals, fibers, and rubbers. It is also a component in the production of styrene-butadiene rubber (SBR), which is used to make tires, hoses, and belts. Butadiene type olefins are known for possessing unique physical and chemical properties. Some of the key features of butadiene type olefins include high reactivity, thermal stability, low volatility, and good solubility in most organic solvents. These properties make them ideal for use in a variety of applications such as manufacturing, industry, and others. Butadiene type olefins are also known for their ability to form polymers with high molecular weight. These polymers have excellent mechanical properties and are used in a variety of applications such as automotive tires, hoses, belts, and other rubber products. Butadiene type olefins are also used in the production of plastics and adhesives.
On the basis of Application, the global olefins market is segmented into manufacture, industry, and others.
Olefins are widely used in the manufacturing industry for the production of a variety of products. They are mainly used to make polymers, plastics, and synthetic fibers. Additionally, they are also used as solvents and coating agents. Some of the most common applications of olefins in the manufacturing industry include: Polyolefins: Olefins are used in the production of polyolefins, which are a family of plastics that have high resistance to heat and chemicals. They are mainly used to make products such as bottles, bags, containers, and films. PVC: Polyvinyl chloride (PVC) is one of the most commonly used plastics in the world. It is made from a combination of olefins and chlorine. PVC is often used to make products such as pipes, doors, windows, and flooring. Synthetic fibers: Olefins are also used to produce synthetic fibers for use in textiles and clothing. Some of the most common synthetic fibers made from olefins include polyester, nylon, and acrylic. Solvents: Olefins are also used as solvents in a variety of industries. They are often used to dissolve other chemicals and to clean surfaces. Some of the most common applications of olefin solvents include paint and coatings, printing inks, and adhesives. Pharmaceuticals: Olefins are also used to make pharmaceuticals. They are often used to make pills and capsules. Additionally, they are also used as carriers for medicines and other drugs.
The industrial application of olefins is wide and varied. Some of the most common applications include: Production of polyethylene terephthalate (PET) for beverage bottles. Manufacture of synthetic rubber for tires, hoses, belts, and seals. Making plastics such as PVC pipes and fittings, and polystyrene foam. Forming films and sheets for packaging, laminating, and printing. Producing adhesives, coatings, inks, and solvents. Bioplastics production. Forming fibers for textiles, carpets, and nonwovens. Processing foods such as margarine and shortenings. Manufacturing explosives such as dynamite and TNT. The industrial application of olefins is wide and varied, providing many products that are essential to our everyday lives.
On the basis of Region, the global olefins market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The growth statistics of the olefins market in Latin America are expected to be moderate during the forecast period. The region is a key player in the global production and consumption of olefins. In terms of production, Mexico accounted for over one-third of the total olefin production in Latin America in 2017. Brazil was the second-largest producer of olefins in the region. The demand for olefins is expected to grow in line with the growth of key end-use industries such as automotive and packaging in Latin America. The growth of the olefins market in Europe can be attributed to the increasing demand for ethylene and propylene from various end-use industries. Furthermore, the growing population and rising disposable income are also contributing to the growth of the olefins market in Europe. The Asia Pacific olefins market is expected to witness significant growth in the coming years. This can be attributed to the increasing demand for olefins from various end-use industries, such as manufacturing and industry. The region is also witnessing rapid industrialization and urbanization, which is further propelling the demand for olefins. Additionally, the growing population and rising income levels are also contributing to the growth of the market in the region.
These are some of the key factors that are driving the growth of the global olefins market. The demand for olefins is increasing due to their wide range of applications and benefits. They play a key role in the manufacture of plastics and other products, and this is likely to continue driving their demand in the future. Regional dynamics are also playing a role in the growth of the market, with the Asia Pacific and Middle East & Africa exhibiting high potential for future growth.
Up Market Research published a new report titled “Olefins Market research report which is segmented by Types (Ethylene, Propylene, Butadiene), By Applications (Manufacture, Industry, Others), By Players/Companies Saudi Industries Corporation(SABIC), DowDuPont, ExxonMobil Chemical, Royal Dutch Shell, China Petroleum & Chemical”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Olefins Market Research Report|
|By Type||Ethylene, Propylene, Butadiene|
|By Application||Manufacture, Industry, Others|
|By Companies||Saudi Industries Corporation(SABIC), DowDuPont, ExxonMobil Chemical, Royal Dutch Shell, China Petroleum & Chemical|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||200|
|Number of Tables & Figures||140|
|Customization Available||Yes, the report can be customized as per your need.|
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.
The market is segmented by Type Ethylene, Propylene, Butadiene and By Application Manufacture, Industry, Others.
Some of the companies that are profiled in this report are:
Olefins 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.
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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.
We have studied the Olefins 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.
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