Global Olefins Market by Type (Ethylene, Propylene, Butadiene), By Application (Manufacture, Industry, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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:
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:
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.
Manufacture:
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.
Industry:
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.
Growth Factors For The Global Olefins Market:
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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Olefins Market Report Segments:
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:
- Saudi Industries Corporation(SABIC)
- DowDuPont
- ExxonMobil Chemical
- Royal Dutch Shell
- China Petroleum & Chemical
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.
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 Olefins Market
Overview of the regional outlook of the Olefins 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 Olefins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Olefins Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Ethylene
2. Propylene
3. Butadiene
7. By Application:1. Manufacture
2. Industry
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Olefins 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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Olefins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Olefins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Olefins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Olefins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Olefins Market Size & Forecast, 2018-2028
4.5.1 Olefins Market Size and Y-o-Y Growth
4.5.2 Olefins Market Absolute $ Opportunity
Chapter 5 Global Olefins Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Olefins Market Size Forecast by Type
5.2.1 Ethylene
5.2.2 Propylene
5.2.3 Butadiene
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Olefins Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Olefins Market Size Forecast by Applications
6.2.1 Manufacture
6.2.2 Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Olefins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Olefins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Olefins Analysis and Forecast
9.1 Introduction
9.2 North America Olefins Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Olefins Market Size Forecast by Type
9.6.1 Ethylene
9.6.2 Propylene
9.6.3 Butadiene
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Olefins Market Size Forecast by Applications
9.10.1 Manufacture
9.10.2 Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Olefins Analysis and Forecast
10.1 Introduction
10.2 Europe Olefins Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Olefins Market Size Forecast by Type
10.6.1 Ethylene
10.6.2 Propylene
10.6.3 Butadiene
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Olefins Market Size Forecast by Applications
10.10.1 Manufacture
10.10.2 Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Olefins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Olefins Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Olefins Market Size Forecast by Type
11.6.1 Ethylene
11.6.2 Propylene
11.6.3 Butadiene
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Olefins Market Size Forecast by Applications
11.10.1 Manufacture
11.10.2 Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Olefins Analysis and Forecast
12.1 Introduction
12.2 Latin America Olefins Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Olefins Market Size Forecast by Type
12.6.1 Ethylene
12.6.2 Propylene
12.6.3 Butadiene
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Olefins Market Size Forecast by Applications
12.10.1 Manufacture
12.10.2 Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Olefins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Olefins Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Olefins Market Size Forecast by Type
13.6.1 Ethylene
13.6.2 Propylene
13.6.3 Butadiene
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Olefins Market Size Forecast by Applications
13.10.1 Manufacture
13.10.2 Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Olefins Market: Competitive Dashboard
14.2 Global Olefins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saudi Industries Corporation(SABIC)
14.3.2 DowDuPont
14.3.3 ExxonMobil Chemical
14.3.4 Royal Dutch Shell
14.3.5 China Petroleum & Chemical