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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The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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
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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