Internal olefins are high-value chemicals, produced by dehydrochlorination or chlorination of linear paraffins. It is used in various applications such as lubricants, oil drilling, surfactants, and agrochemicals. Internal olefins are valuable intermediate for processes such as synthesis of linear alkyl benzenes and oxo alcohols. It is also used during drilling mud, paper sizing, and for lubrication-based oil.
Lubricants application segment is expected to show a significant growth in global internal olefins market in 2018. This is attributed to increasing number of motor vehicles, as lubricants reduce the friction between surfaces. According to U.S. International Trade Organization (ITA), in the U.S., the sales of light vehicle reached 17.1 million units in 2017. Also, the U.S. is the world’s second largest market for production and sales of vehicles.
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Market Dynamics
By application, surfactant segment is gaining traction in the market. Growing usage of surfactant products such as liquid detergents, soaps and shampoos, sanitizers, and others, owing to increasing hygiene awareness is expected to drive growth of the internal olefin market. For instance, in 2016, ‘Your Health is in Your Hands’ campaign in the city of Duma, in the Women’s Office of the Local Council, began in regards to spread of garbage and to elevate the level of public hygiene.
Asia Pacific held a significant market share in 2017, due to substantial demand for internal olefins from China, India, South Korea, and Japan. Growing demand for agrochemicals, owing to increasing population, in turn increasing demand for agricultural products and this aids in growth of the internal olefin market. For instance, according to India Brand Equity Foundation (IBEF), in 2015, the agrochemical market in India is expected to grow at 7.5% annually, with a growing domestic demand of 6.5% per annum, to reach US$ 6.3 billion by 2020.
Key features of the study:
- This report provides in-depth analysis of internal olefins and provides market size (US$ Billion and Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2026), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global internal olefins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- 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.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
- The global internal olefins market report caters to various stakeholders in this industry including investors, suppliers, internal olefins manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the internal olefins market
Detailed Segmentation:
- Paraffin Dehydrogenation
- Isomerization & Disproportionation (I/D)
- Surfactants
- Oil Drilling
- Pharmaceuticals
- Lubricants
- Agrochemical
- Others
Global Internal Olefins Market, By Technology:
Global Internal Olefins Market, By Application:
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Major players operating in the global internal olefins market include, 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.
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