Light Olefins Market 2019
Light olefins are produced through the hydrocracking of hydrocarbons under high temperature. Various raw materials are required for their production include naphtha, ethane, propane, butane, and biomass.
The light olefins market across the globe is expected to reach USD 475.8 million at a CAGR of 5.85% by the end of 2027. The growth of the global light olefins market is attributed to the shifting focus of consumers towards plastic goods from traditional goods such as concrete, metal, and wood. The reduction in energy cost and raw materials for producing light olefins is driving the market growth. The substitution of oil by shale gas, which is extracted from ethylene is expected to drive the market growth further over the assessment period. The trend of biofuel production from bio-ethylene using sugarcane and corn is likely to offer substantial opportunities for market growth during the forecast period. Additionally, the use of zeolites offers about 100% conversion of methanol into light olefins, which is an added advantage to the biofuel production. However, ethylene is highly toxic and is hazardous to human, wildlife, and environmental health, which may restrain the market growth during the forecast period.
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Major Key Players
Some of the key players operating in the global light olefins market are Saint Gobain (France), 3M (U.S.), Carborundum Universal Limited (France), Noritake (Japan), Meister Abrasives (U.S.), KREBA & RIEDEL (Germany), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD. (Tokyo), LIGHT OLEFINS (India), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), and VSM Abrasives Corporation (Germany) .
The global Light Olefinsmarket report provides readers with a comprehensive of the market across the world. It carefully studies the global business models, market shares, key strategies of some of the most key players who are dominating the market. Besides, it covers different types of market segmentation, which also shows the market shares of different segments. Apart from this information, the report also offers insight into prominent influencing factors, revenues, market growth opportunities, and more. By analyzing all the collected information, the industry experts have suggested a CAGR for the year 2019 to 2023. So, it can be said that this is a comprehensive documentation that deals with all the facets of developing the Light Olefinsmarket.
Methods of Market Research
In this report, the experts have collected all the valuable data by conducting both quantitative and qualitative assessments. For this, they have implemented the Five Force Model designed and developed by Michael E. Porter. The analysis report also contains an in-depth analysis of micro as well as macro-economic, growth factors, market opportunities, driving, and restraining factors, and more. The research procedures are mainly divided into two categories. These are secondary researches and primary researches. This helps in a better understanding of the global Light Olefinsmarket in terms of its strength, opportunity, threats, and weaknesses. Besides, it analyses the current condition of top market players by considering challenges, market drivers, growth, and more.
Market Segmentation Analysis
The Light Olefinsmarket report offers a comprehensive overview, growth opportunities, and market share of this market based on application, product type, key players, countries, and regions. The application-based segment mainly focuses on the outlook and status for the critical applications as well as end-users, market share, and growth of every end-user or application. It greatly supports the growth of the global market. The market segmentation analysis is carried out in order to get accurate data related to market growth. The industry experts have analyzed the markets located in the Middle East & Africa, Asia Pacific, North America, South America, and Europe (including Eastern and Western Europe).
Market Dynamic Overview
This section covers the factors which are greatly influencing the growth of the global Light Olefinsmarket. This analyses products or services pricing, their values, and the latest trends in the market. Factors such as rising population, technological advancement, etc. are greatly driving the market. This also studies how various government rules are affecting the market from 2019 to 2023.
Prominent Market Players
In terms of key players, the report offers a complete analysis of the market’s competitive landscape. Besides, it also gives insight into the recent trends that are penetrating the development space. It shows how the key players are influencing the global market and what will be their strategies during the projected period.
Table of Contents – Major Key Points
1 Report Prologue
2 Scope of the Report
3 Research Methodology
4 Market Dynamics
5 Market Impact Analysis
6 Global Light Olefins Market, By Type
7 Global Light Olefins Market, By Derivatives
8 Global Light Olefins Market, By Application
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