Internal Olefins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Internal Olefins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Chemical & Materials | PPT format

Report Digest


Global Internal Olefins Market: Snapshot 

The demand within the global internal olefins market has been escalating on account of advancements in the field of fluid-drilling. The molecular structure of internal olefin gives it a mark of supremacy over alkenes, and this is also a key driver of market demand. Hence, the global internal olefins market is projected to expand at a stellar pace in the years to follow. The linearity of the hydrocarbon chain in olefin is responsible for the splendid properties of this alkene. Moreover, internal olefin has double bonds between the central carbon atoms which in turn improves the performance of the alkene. The total revenues within the global internal olefins market are projected to reach new heights in the years to follow.

The industrial applications of internal olefin have been increasing as scientists discover new means of using alkenes. This factor is projected to bring in voluminous revenues into the global internal olefins market. Moreover, the chemical industry has become a haven of opportunities which has also led to increased production of internal olefin. The use of internal olefin for manufacturing detergent solutions has given a thrust to market growth.

On the basis of geography, the global internal olefins market can be segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. The internal olefins market in Europe is expanding alongside advancements in the field of chemical research and testing. Moreover, the manufacture of lubricating fluids in the region has also generated voluminous demand across several regions.

Global Internal Olefins Market: Overview

The global market for internal olefins – the high-value chemicals manufactured from the chlorination or dehydrochlorination of linear parrafins – has been experiencing a steady rise in demand over the years owing to rising set of applications of these chemicals. Steady rise in demand from areas such as surfactants, lubricants, oil drilling, and agrochemicals has been working well for the market and is likely to help the market gain pace in the near future as well.

The market is expected to benefit the most from the lubricants application, thanks to the rising numbers of motor vehicles being sold in emerging economies and the high number of vehicles already on roads in developed economies. Increased demand for engine oils as consumers pay more attention to the timely servicing and maintenance of their vehicles so as to reduce the impact of emissions on the already deteriorating situation of air pollution will also strengthen the overall global demand for lubricants, thus driving the global demand for internal olefins.

Global Internal Olefins Market: Trends and Opportunities

Some of the other key factors likely to work well for the global internal olefins market are the rising demand for environment-friendly synthetic fluids from across a number of industries. Strict emission-related regulations governing a number of industries is the chief factor driving this trend. Moreover, the rising global demand for oil and gas is also emerging as a leading growth driver for the market as internal olefins find vast usage in oil drilling activities. Furthermore, the rising global consumption of agrochemicals and the steadily expanding agriculture sector in emerging as well as developed economies are working well for the internal olefins market.

However, the growth prospects of the market could be restricted to a certain extent by the easy availability of substitutes such as poly-alpha-olefins. Moreover, the fluctuating costs of raw materials could also negatively impact the market to a certain extent over the report’s forecast period.

Global Internal Olefins Market: Geographical and Competitive Dynamics

From a geographical standpoint, the report examines the internal olefins market in regions such as North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Of these, the market in North America presently holds the dominant share in the overall market and is expanding at a promising pace in the present scenario as well. Increased resources invested on oil and gas exploration activities and the steadily expanding shale gas sector are all likely to further strengthen the position of the North America internal olefins market on the global front in the near future as well.

The market in Asia Pacific is expected to register the fastest CAGR over the report’s forecast period and gain a larger share by the end of the forecast period. Vast rise in the production of vehicles in the region and the high usage of synthetic lubricants in automotive applications will strengthen the regional market over the report’s forecast period.

The rising global demand for internal olefins has attracted many new players in the market in the past few years, vastly intensifying the level of competition. Despite this, the market remains largely concentrated with a massive share of the market vested in the hands of the top few companies. Established players have been focusing on ways of enhancing production volumes by investing in their capacity expansion. Leading vendor Shell Chemical LP has recently expanded the production capacity of its Louisiana linear alpha olefins plant. Some of the leading companies operating in the global internal olefins market are Elevance Renewable Sciences, Inc., INEOS Group Limited, Halliburton Company, Sasol Limited, Idemitsu Kosan Co., Ltd., Schlumberger Limited, Chevron Corporation, Shrieve Chemical Company, SABIC, and Royal Dutch Shell plc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?