North America Holds the Largest Share in Olefins Market Till 2028 | Reports and Data
Reports and Data estimates the global Olefins competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Olefins during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include DowDuPont Inc., SABIC, ExxonMobil Chemical Company, China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, NOVA Chemicals Corporation, LyondellBasell Industries, Chevron Phillips Chemical Company, Qatar Chemical Company Ltd., and Mitsubishi Chemical Corporation
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Olefins Overview :-
The global Olefins market is forecast to grow at a rate of 4.5% in terms of value, from 2020 to reach USD 329.30 Billion by 2028, according to a new report by Reports and Data. Increasing demand for polycarbonates is likely to boost the market demand in the upcoming years. Polycarbonates, derived from Bisphenol-A, a derivative of phenol, find increasing implementation in the automotive industry, which is one of the key drivers for the growth of the market.
Ethylene is produced by the thermal cracking of naphtha which is an energy-intensive process (up to 40 GJ heat per tonne ethylene), leading to significant formation of coke and nitrogen oxide (NOx), along with 1.8–2 kg of carbon dioxide (CO2) emission per kilogram of ethylene produced. The growing interest of the green tires that are manufactured from synthetic rubber is derived from bio-butadiene. A major share of bio-butadiene is consumed in the production of synthetic rubber and coatings that are used in the manufacture of automotive accessories and tires. Factors such as increasing use of rubber substitutes, like guayule or rice husk, and manufacture of new version of rubber are hindering the market growth. APAC will lead the demand for ethylene market as countries like China and India exhibit a strong demand for plastics. An increase in the purchasing power of consumers, rapid advancement in technology, and high penetration of electronics in these industries are driving the demand of the market product in the region.
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For the purpose of this report Reports and Data has segmented global Olefins market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
· Ethylene
· Propylene
· Butadiene
· Butylene
· Others
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
· Olefin Glycols
· Olefin Oxides
· Ethylbenzene
· Polyolefins
· Cumene
Distribution Channel Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
· Distributors
· Wholesale
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Olefins during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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