Chemical Research Report Internal-Olefins-Market | Página 2

growth of the internal olefins market. For instance, in December 2012, the ethylene price was US$
1175 per metric tons and reached up to US$ 1265 per metric tons in January 2013.
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.
Asia Pacific is the fastest growing region and held the highest market share of 24% in 2017, owing to
increasing automotive production coupled with increasing use of synthetic lubricants in automotive
application. According to the U.S. International Trade Administration (ITA), in 2016, China was the
world’s largest vehicle market with the sales of over 28 million units. The automobile output in China
is expected to reach 35 million units by 2025.
Furthermore, various key players are focused towards increasing production of ethylene, the raw
material for manufacturing internal olefins, which is a key factor for driving growth of the internal
olefin market. For instance, in April 2016, Korea Petrochemical Ind. Co., Ltd. (KPIC) aimed to expand
its ethylene production capacity with the addition of 330,000 tons/year and its current capacity reached
up to 800,000 tons/year.
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.
Browse More About the Internal Olefins Market Study @
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Report includes chapters which deeply display the following deliverable about industry:
• Internal Olefins Market Research Objective and Assumption
• Internal Olefins Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Internal Olefins Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory
Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain
Analysis, Porter’s Analysis, and PEST Analysis
• Global Internal Olefins Market, By Regions
• Internal Olefins Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.