Market Definition: Olefins Market
Global Olefins Market is expected to grow with a steady CAGR in the forecast period of 2019-2026.
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.
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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.
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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
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
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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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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