According to Goldstein Research, global olefin market is expected to reach USD 19.8 billion by the end of 2024 from USD 14.5 billion in 2016, growing at a CAGR of 4.8%. The growth of packaging industry and allied industries are driving the demand for olefin derivatives, used in the manufacturing of superior quality packages, especially for the food and beverage industry and consumer goods industry. Global Olefin market segmentation has been done on the basis of product type, application and geography.

Olefin is regarded as stain repellant and has high tensile strength, which is best applicable in manufacturing synthetic acids, detergent intermediates, polymers and lubricants. Global Olefin market is majorly dominated by North America acquiring 36% share of total production. North America is followed by Asia-Pacific on account of huge development activities requiring the application of olefin. Europe olefin market growth rate is expected to slow down on the back of adoption of sustainability in every aspect.

Market Segmentation
On the basis of our in-depth analysis, Global Olefin Market can be segmented as follows:

• By Product Type

o 1-Butene
o 1-Hexane
o 1-Octene
o 1-Decene
o 1-Dodecene
o Others (Tetradecene etc.)

• By Applications

o Polyethene
o Detergent Alcohol
o Synthetic Lubricants
o Plasticizers
o Cosmetics
o Adhesives
o Others (Waxes etc.)

• On the basis of region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Olefin Market Outlook 2024” contains a detailed overview of the global Olefin market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type and application.

Further, for the in-depth analysis, Global Olefin Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Shell Chemicals Ltd., ONGC, The Dow Chemical Company, Chevron Phillips Chemical Company, Sasol, INEOS, The Linde Group, Qatar Chemical Company Ltd., Idemitsu Petrochemicals, Sinopec Beijing Yanhua, ExxonMobil, SABIC, Mitsubishi Chemicals, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global Olefin market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/olefin-market-outlook-2024-global-opportunity-and-demand-analysis-latest-insights-market-forecast-2016-2024

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