Internal Olefins Market Growth Analysis | 2023-2028

Internal Olefins Market Growth Analysis | 2023-2028

Internal Olefins Market Growth Analysis | 2023-2028
Report code - SR1096 Delivery - 2 Weeks
Internal Olefins Market Size, Share, Trends, Dynamics, Forecast, Industry, & Growth An See more...

Market Insights

The internal olefins market size was estimated at USD 1.55 billion in 2022 and is likely to grow at a CAGR of 4.96% during 2023-2028 to reach USD 2.09 billion in 2028.

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What are internal olefins?

Internal olefins are basically high-value chemicals, formed by dehydrochlorination or chlorination of linear paraffins and are used in a variety of applications such as oil drilling, lubricants, pharmaceuticals, and agrochemicals.

Internal Olefins Market Highlights

Market Size in 2028

USD 2.09 Billion

Market Size in 2022

USD 1.55 Billion

Market Growth (2023-2028)

CAGR of 4.96%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

Market Dynamics

Growing product demand owing to increasing urbanization & industrialization rate and wide range of application scope in lubricant industry are some of the key factors fueling the growth of the market over the forecast period.

Internal-Olefins-Market-Dynamics

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Segment Analysis

By Application Type

The market is segmented as oil drilling, surfactants, lubricants, agrochemicals, pharmaceutical, and others. Oil drilling is estimated to account for the major share of the market owing to the beneficial characteristics offered by it, such as stability at high temperature, lubricity, and well-bore stability. In addition, lubricants are estimated to witness significant growth in the market during the forecast period on account of their various excellent features, such as thermal stability, hydrolytic stability, lubricity, solvency, and biodegradability.

Regional Analysis

Europe is estimated to be the leading region with Russia, Germany, and the UK being the growth engines providing lucrative growth opportunities in the regional market during the forecast period. Strong presence of some of the automotive giants coupled with strict rules and regulation implemented by REACH for safety and eco-friendly manufacturing of the products are some of the key factors fueling the regional market growth. On the other hand, Asia-Pacific is estimated to witness significant growth with China being the leading country with rising consumer awareness and growing agriculture industry over the forecast period.

Internal-Olefins-Market-Regional-Analysis

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The internal olefins market is segmented into the following categories:

By Application Type:

  • Oil Drilling
  • Surfactants
  • Lubricants
  • Agrochemicals
  • Pharmaceutical
  • Others

By Region:

  • North America (Country Analysis: the USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the internal olefins market are-

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Internal Olefins Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the application types by region type.

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Internal olefins are basically high-value chemicals, formed by dehydrochlorination or chlorination of linear paraffins and are used in a variety of applications such as oil drilling, lubricants, pharmaceuticals, and agrochemicals.

The internal olefins market is expected to witness an impressive growth of 4.96% CAGR in the foreseeable future.

Chevron Phillips Chemical Company, Elevance Renewable Sciences, Inc., Halliburton, Idemitsu Kosan Co., Ltd., Ineos Group Ltd., Royal Dutch Shell plc, SABIC, Sasol Limited, Schlumberger Limited, and Shrieve Chemical Company are among the key players in the market.

Europe is expected to be the leading internal olefins market during the forecast period.

Oil drilling application is expected to account for the major share in the market in the coming years.

Growing product demand owing to increasing urbanization & industrialization rate and wide range of application scope in lubricant industry are the factors driving the growth of the market.

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