Published by Coherent Market Insights
Posted on September 24, 2021
Internal olefins are high-value chemicals, produced by dehydrochlorination or chlorination of linear paraffins. It is used in various applications such as lubricants, oil drilling, surfactants, and agrochemicals. Internal olefins are valuable intermediate for processes such as synthesis of linear alkyl benzenes and oxo alcohols. It is also used during drilling mud, paper sizing, and for lubrication-based oil.
The global internal olefins market was valued at US$ 1.64 billion in 2017 and is anticipated to register a CAGR of 4.7% in terms of revenue, over the forecast period (2019 – 2026), to reach US$ 2.46 billion by 2026.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2216
Lubricants application segment is expected to show a significant growth in global internal olefins market in 2018. This is attributed to increasing number of motor vehicles, as lubricants reduce the friction between surfaces. According to U.S. International Trade Organization (ITA), in the U.S., the sales of light vehicle reached 17.1 million units in 2017. Also, the U.S. is the world’s second largest market for production and sales of vehicles.
Oil drilling segment is the fastest growing application segment in global internal olefins market in 2018, owing to increasing number of oil drilling activities. According to the U.S. Energy Information Administration (EIA), around 330 units of crude oil rotary rigs were in operation in June 2016, which increased to 861 units of crude oil rotary rigs in July 2018, in the U.S.
Players operating in the global internal olefins market are adopting various growth strategies such as plant’s capacity expansion to cater to increasing demand for internal olefins. For instance, in June 2017, Shell Chemical LP, expanded its linear alpha olefins plant capacity (based in Louisiana) up to 425,000 metric tons per year to meet growing demand for plasticizer alcohols and surfactants.
Major players operating in the global internal olefins market include, INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc, Elevance Renewable Sciences, Inc., Chevron Corporation, SABIC, Halliburton Company, Schlumberger Limited, Shrieve Chemical Company, and Idemitsu Kosan Co., Ltd.
Internal olefins are predominantly linear however, may contain small amount of branched material as impurities. Growing environmental concerns related to the impact of fluids on aquaculture is driving growth of internal olefins market. Key players operating in petroleum industry generally prefer various synthetic-based fluids such as synthetic paraffin, internal olefins, and linear alpha olefins. These synthetic fluids provide safe and cost effective solution for gas wells and oil drilling, fueling growth of the internal olefins market.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2216
Market Dynamics
By application, surfactant segment is gaining traction in the market. Growing usage of surfactant products such as liquid detergents, soaps and shampoos, sanitizers, and others, owing to increasing hygiene awareness is expected to drive growth of the internal olefin market. For instance, in 2016, ‘Your Health is in Your Hands’ campaign in the city of Duma, in the Women’s Office of the Local Council, began in regards to spread of garbage and to elevate the level of public hygiene.
Asia Pacific held a significant market share in 2017, due to substantial demand for internal olefins from China, India, South Korea, and Japan. Growing demand for agrochemicals, owing to increasing population, in turn increasing demand for agricultural products and this aids in growth of the internal olefin market. For instance, according to India Brand Equity Foundation (IBEF), in 2015, the agrochemical market in India is expected to grow at 7.5% annually, with a growing domestic demand of 6.5% per annum, to reach US$ 6.3 billion by 2020.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Internal Olefins Market Size, Current And Future By 2021 To 2027 appeared first on Gatorledger.
Internal olefins are high-value chemicals, produced by dehydrochlorination or chlorination of linear paraffins. It is used in various applications such as lubricants, oil drilling, surfactants, and agrochemicals. Internal olefins are valuable intermediate for processes such as synthesis of linear alkyl benzenes and oxo alcohols. It is also used during drilling mud, paper sizing, and for lubrication-based oil.
The global internal olefins market was valued at US$ 1.64 billion in 2017 and is anticipated to register a CAGR of 4.7% in terms of revenue, over the forecast period (2019 – 2026), to reach US$ 2.46 billion by 2026.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/2216
Lubricants application segment is expected to show a significant growth in global internal olefins market in 2018. This is attributed to increasing number of motor vehicles, as lubricants reduce the friction between surfaces. According to U.S. International Trade Organization (ITA), in the U.S., the sales of light vehicle reached 17.1 million units in 2017. Also, the U.S. is the world’s second largest market for production and sales of vehicles.
Oil drilling segment is the fastest growing application segment in global internal olefins market in 2018, owing to increasing number of oil drilling activities. According to the U.S. Energy Information Administration (EIA), around 330 units of crude oil rotary rigs were in operation in June 2016, which increased to 861 units of crude oil rotary rigs in July 2018, in the U.S.
Players operating in the global internal olefins market are adopting various growth strategies such as plant’s capacity expansion to cater to increasing demand for internal olefins. For instance, in June 2017, Shell Chemical LP, expanded its linear alpha olefins plant capacity (based in Louisiana) up to 425,000 metric tons per year to meet growing demand for plasticizer alcohols and surfactants.
Major players operating in the global internal olefins market include, INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc, Elevance Renewable Sciences, Inc., Chevron Corporation, SABIC, Halliburton Company, Schlumberger Limited, Shrieve Chemical Company, and Idemitsu Kosan Co., Ltd.
Internal olefins are predominantly linear however, may contain small amount of branched material as impurities. Growing environmental concerns related to the impact of fluids on aquaculture is driving growth of internal olefins market. Key players operating in petroleum industry generally prefer various synthetic-based fluids such as synthetic paraffin, internal olefins, and linear alpha olefins. These synthetic fluids provide safe and cost effective solution for gas wells and oil drilling, fueling growth of the internal olefins market.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/2216
Market Dynamics
By application, surfactant segment is gaining traction in the market. Growing usage of surfactant products such as liquid detergents, soaps and shampoos, sanitizers, and others, owing to increasing hygiene awareness is expected to drive growth of the internal olefin market. For instance, in 2016, ‘Your Health is in Your Hands’ campaign in the city of Duma, in the Women’s Office of the Local Council, began in regards to spread of garbage and to elevate the level of public hygiene.
Asia Pacific held a significant market share in 2017, due to substantial demand for internal olefins from China, India, South Korea, and Japan. Growing demand for agrochemicals, owing to increasing population, in turn increasing demand for agricultural products and this aids in growth of the internal olefin market. For instance, according to India Brand Equity Foundation (IBEF), in 2015, the agrochemical market in India is expected to grow at 7.5% annually, with a growing domestic demand of 6.5% per annum, to reach US$ 6.3 billion by 2020.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Internal Olefins Market Size, Current And Future By 2021 To 2027 appeared first on Gatorledger.
Explore more articles in the Research Reports category
