Light Olefins Market
The primary driver of the global light olefins market is consumers ' changing emphasis on plastic products over traditional things such as wood, plastics, steel, and others due to lower energy and raw material costs for light olefins production. In addition, a further factor boosting demand growth is the excellent recovery of light olefins from methanol. The key driver of the global light olefins market is the shift in customer preference to plastic products over traditional items such as wood, plastics, steel, and others due to lower energy and raw material costs for light olefins production. In addition, the excellent conversion of light olefins from methanol is another driving factor for market growth.
Competitive Dashboard
Some of the eminent players operating in the global light olefins market are Exxon Mobil Corporation (U.S.), BASF SE (Germany), Royal Dutch Shell (Netherlands), Reliance Industries Limited (India), DowDuPont (U.S.), China Petro Chemical Corp (China), Gazprom (Russian Federation), Saudi Arabian Oil Co. (Saudi Arabia), Petrochina (China), and Honeywell International Inc. (U.S.).
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/1037
The global light olefins market 2020 was previously valued at USD 254.6 billion in 2016 and is poised to secure up to USD 475.8 million by 2024 at a CAGR of 5.58% over the review period.
Replacing oil with shale gas, which is extracted from ethylene, is another driving force behind the market growth. Increasing oil gas reserves exploration across the globe is expected to drive market growth over the assessment period. Increasing trends in the use of light olefins to produce bio-ethylene bio-fuel using maize and sugar cane are also likely to boost market growth due to the increasing demand for carbon dioxide emissions control. Ethylene is nevertheless harmful and can have detrimental environmental effects, which may challenge the market growth.
Regional Overview
The global demand for light olefins has been distributed across five central regions, including Europe, North America, Asia Pacific, Latin America (LATAM), and the Middle East Africa. Asia Pacific emerged as the leading light olefins market in 2016 and is projected to rise at a moderate CAGR of 6.22 percent over the forecast period, accounting for 40 percent of the total demand share. In addition, the demand for reliable and high-performance vehicles in countries like Japan, India, and China is increasing demand for biofuel. The availability of cheap biomass and raw materials, such as maize and sugar cane, for bio-ethylene production in India, has increased demand growth.
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/1037
North America was the second-largest market in 2016, estimated at USD 151.1 billion, and is predicted to rise at a promising CAGR of 5.6 percent over the forecast period. The feedstock benefit, coupled with the low-cost availability of ethane, is one of the North American region's main drivers for demand development. In the U.S., robust demand from the packaging industry is strongly affecting business growth. The United States accounted for about 78% of the market share in 2016 and is expected to rise at a healthy CAGR of 5.72% during the assessment period.
Segmental Analysis
The Light Olefins Market is categorized according to the application, type of product, derivatives, and region. The market is bifurcated into ethylene and propylene-based upon the product type. Ethylene accounted for 60 percent of the largest market share in 2016, with a market valuation of USD 152.7 billion and is anticipated to grow at a CAGR of 5.78 percent over the forecast period.
By the application, the market is sub-bifurcated into chemical commodities and refinery.
Ask for Customization @ https://www.marketresearchfuture.com/ask_for_customize/1037
Table of Content
1 Report Prologue
2 Scope Of The Report
2.1 Market Definition
2.2 The Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Demand For Polymer
4.2.2 Excellent Conversion Of Light Olefins From Methanol
4.3 Restraint
4.3.1 Ethylene Exposure To Air Affects The Environment
4.4 Opportunity
4.4.1 Shale Gas Development
4.5 Trends
4.5.1 Biomass Feedstock To Bio-Ethylene
5 Market Impact Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Light Olefins Producers
5.1.3 Distributors
5.1.4 End User
5.2 Porter’s Five Forces 32
5.2.1 Threat Of New Entrants 32
5.2.2 The Intensity Of Competitive Rivalry
5.2.3 Bargaining Power Of Supplier
5.2.4 Bargaining Power Of Buyer
5.2.5 Threat Of Substitute
Related Reports:
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
