Global Olefins Market is expected to grow with a steady CAGR in the forecast period of 2019-2026.
Market Definition: Olefins Market
Olefins are chemical compounds that are used as a manufacturing component for various other chemical components. The productions of these compounds are based on the crude oil, naphtha or natural gases. These consist of hydrogen and carbon atoms in the molecular structure are used widely in the production of plastic products.
Major Market Drivers & Restraints are as follows:
- Growth in demand from the plastics industry for PAO-based plastic products; this factor is expected to act as a driver for the market growth
- Increasing innovations and advancements in the production methods resulting in enhanced efficiency of production process and enhanced product offering; this factor is expected to drive the market growth
- Vulnerable and fluctuating prices of raw materials for the manufacturing of olefins are expected to act as a restraint to the market growth
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Key Market Competitors: Olefins Market
Few of the major competitors are Exxon Mobil Corporation; INEOS AG; Royal Dutch Shell; National Petrochemical Company; China Petroleum & Chemical Corporation; SABIC; DowDuPont; Total; NOVA Chemicals Corporation; Chevron Phillips Chemical Company; LyondellBasell Industries Holdings B.V.; Sasol; Evonik Industries AG; Qatar Chemical Company Ltd; PJSC “Nizhnekamskneftekhim”; Mitsubishi Chemical Corporation; Idemitsu Kosan Co.,Ltd.; Petro Rabigh; Mitsui Chemicals, Inc.; Jam Petrochemical Company; TPC Group; Oil and Natural Gas Corporation Ltd.
This Olefins Market research report makes available state-of-the-art information about the entire market along with the holistic view of the market. This Olefins Market research report displays a complete overview of the market, including myriad of aspects such as product definition, segmentation based on various parameters, and the existing vendor landscape. The report describes estimations about key players and brands in the market with respect to their actions such as developments, product launches, acquisitions, merges, joint ventures and competitive research.
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Market Segmentation: Olefins Market
- By Type
- By Applications
- Olefin Glycols
- Olefin Oxides
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- North America
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Global olefins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of olefins market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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