The Internal Olefins Market size was valued at USD 2128.53 Million in 2023 and the total Internal Olefins revenue is expected to grow at a CAGR of 4.8% from 2024 to 2030, reaching nearly USD 2955.36 Million. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. To Know About The Research Methodology :- Request Free Sample ReportInternal Olefins Market Dynamics:
The growth in automotive industry to Drive Global Internal Olefins Market The global internal olefins market is driven by the increased demand from the rising automotive industry and rising global demand for greener and cleaner industrial fluids. Favourable government initiatives and huge investments in oil drilling & shale gas exploration activities have to boost well drilling. An increasing environmental concern in the oil & gas sector has led to the utilization of environmentally safe synthetic fluid to develop oil & gas drilling, which is impelling market growth in the coming years. The growing demand for agrochemicals and the steadily expanding agriculture sector in developed and developing countries are boosting the internal olefins market growth. However, the easy availability of internal olefins substitutes such as poly-alpha-olefins and the fluctuating prices of ethylene may hamper the internal olefins market at a global level.Internal Olefins Market Segment Analysis:
Based on application, the lubricants application segment is expected to grow at a CAGR of xx% during the forecast period thank to the rising number of motor vehicles, as lubricants reduce the friction between surfaces. Internal olefins are added in synthetic lubricants owing to their superior characteristics such as hydrolytic stability, thermal stability, lubricity, solvency, and biodegradability. The demand for regular maintenance and servicing of a vehicle engine and increased demand from the automotive industry for lubricants will propel the internal olefins market. e.g., in The U.S., sales of the vehicle reached 17 million units in 2021 and are expected to reach 16.7 million to 17.1 million vehicles in 2021. The U.S. is the second-largest market for the production and sales of vehicles globally.Global Internal Olefins Market Regional Insights:
Geographically, North America held leading market share of xx% in 2023 and is expected to grow at a CAGR of xx% during the forecast period. This is attributed to the well-established oil and gas exploration industry and the growing oil and gas exploration activities because of shale gas revolution in the region. The U.S. production of shale gas is increasing from 25.56 trillion cubic feet (Tcf) to 34.10 Tcf during 2021 to 2030. Asia Pacific accounted for the second-largest market share of xx% in 2023 and is expected to reach US$ xx Mn by the end of 2030, with a CAGR of xx%. This is attributed to the growth in automotive production coupled with the rising utilization of synthetic lubricants in automotive application. In terms of Supply and Demand, China is the leading automobile market across the world, with the registration of 21.05 million unit’s new cars in 2021. There will be an estimated 200 million vehicles on Chinese roads by 2021. The Chinese government is expecting that automobile output will reach and 35 million units by 2029. The objective of the report is to present a comprehensive analysis of the global internal olefins market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analysing the market segments and project global market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Internal Olefins Market Scope: Inquire before buying
Global Internal Olefins Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 2128.53 Mn. Forecast Period 2024 to 2030 CAGR: 4.8% Market Size in 2030: USD 2955.36 Mn. Segments Covered: by Application Oil Drilling Surfactants Lubricants Agrochemicals Pharmaceutical Others Internal Olefins Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Internal Olefins Market, Key Players
1. Royal Dutch Shell 2. INEOS Group Limited 3. Elevance Renewable Sciences, Inc. 4. Sasol Limited 5. Chevron Phillips Chemical Company 6. Schlumberger Limited 7. Halliburton Company 8. Idemitsu Kosan Co., Ltd. 9. Shrieve Chemical Company 10. SABIC 11. Infineum International 12. Other Key Players Frequently Asked Questions: 1. Which region has the largest share in Global Internal Olefins Market? Ans: Asia Pacific region held the highest share in 2023. 2. What was the Global Internal Olefins Market size in 2023? Ans: The Global Internal Olefins Market size was USD 2128.53 Million in 2023. 3. What is scope of the Global Internal Olefins market report? Ans: Global Internal Olefins Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Internal Olefins market? Ans: The important key players in the Global Internal Olefins Market are – Royal Dutch Shell, INEOS Group Limited, Elevance Renewable Sciences, Inc., Sasol Limited, Chevron Phillips Chemical Company, Schlumberger Limited, Halliburton Company, Idemitsu Kosan Co., Ltd., Shrieve Chemical Company, SABIC, Infineum International, and Other Key Players. 5. What is the study period of this market? Ans: The Global Internal Olefins Market is studied from 2023 to 2030.
1. Global Internal Olefins market: Research Methodology 2. Global Internal Olefins market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Internal Olefins market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Internal Olefins market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Internal Olefins market Segmentation 4.1 Global Internal Olefins market, by Application (2023-2030) • Oil Drilling • Surfactants • Lubricants • Agrochemicals • Pharmaceutical • Others 5. North America Internal Olefins market(2023-2030) 5.1 North American Internal Olefins market, by Application (2023-2030) • Asphalt Shingles • Oil Drilling • Surfactants • Lubricants • Agrochemicals • Pharmaceutical • Others 5.3 North America Internal Olefins market, by Country (2023-2030) • United States • Canada • Mexico 6. Asia Pacific Internal Olefins market (2023-2030) 6.1. Asia Pacific Internal Olefins market, by Application (2023-2030) 6.2. Asia Pacific Internal Olefins market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Internal Olefins market (2023-2030) 7.1. Middle East and Africa Internal Olefins market, by Application (2023-2030) 7.2. Middle East and Africa Internal Olefins market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Internal Olefins market (2023-2030) 8.1. Latin America Internal Olefins market, by Application (2023-2030) 8.2 Latin America Internal Olefins market, by Country (2023-2030) • Brazil • Argentina • Rest Of Latin America 9. European Internal Olefins market (2023-2030) 9.1. European Internal Olefins market, by Application (2023-2030) 9.2. European Internal Olefins market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Royal Dutch Shell. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. INEOS Group Limited 10.3. Elevance Renewable Sciences, Inc. 10.4. Sasol Limited 10.5. Chevron Phillips Chemical Company 10.6. Schlumberger Limited 10.7. Halliburton Company 10.8. Idemitsu Kosan Co., Ltd. 10.9. Shrieve Chemical Company 10.10. SABIC 10.11. Infineum International 10.12. Other Key Players