Internal Olefins Market was valued at USD 19.5 Billion in 2022 and is projected to reach USD 27.2 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global internal olefins market reached a size of approximately USD 10.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by the increasing demand for internal olefins in applications such as surfactants, lubricants, and plasticizers across various industries, including automotive, construction, and consumer goods. The market's expansion is supported by the rising need for high-performance chemical products and advancements in production technologies that enhance efficiency and reduce costs.
Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities due to rapid industrialization and urbanization. These regions are experiencing an upsurge in demand for internal olefins as they invest in infrastructure development and consumer goods. Additionally, the development of sustainable and eco-friendly products is expected to open new avenues in the market, as companies increasingly focus on meeting environmental regulations and consumer preferences for green products. This shift is anticipated to drive further growth and innovation in the internal olefins sector.
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Royal Dutch Shell
INEOS Oligomers
Elevance Renewable Sciences
Sasol
Chevron Phillips Chemical Company
Schlumberger
Halliburton
Idemitsu Kosan
Shrieve Chemical Company
SABIC
Infineum International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Internal Olefins Market
Oil Drilling
Surfactants
Lubricants
Agrochemicals
Pharmaceutical
Based on Types the Market is categorized into Below types that held the largest Internal Olefins market share In 2023.
Industrial
Agricultural
Pharmaceutical
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Internal Olefins Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Internal Olefins Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Internal Olefins Market, By Type
6. Global Internal Olefins Market, By Application
7. Global Internal Olefins Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Internal Olefins Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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