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Internal Olefins Market to Cross $2bn by 2024: Global Market Insights, Inc.


News provided by

Global Market Insights, Inc.

24 Oct, 2017, 10:30 GMT

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OCEAN VIEW, Delaware, October 24, 2017 /PRNewswire/ --

The industry analysis report "Internal Olefins Market By Application (Oil Drilling, Surfactants, Lubricants, Agrochemicals, Pharmaceuticals) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, South Korea), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 - 2024." by Global Market Insights, Inc. says Internal Olefins Market share is set to hit USD 2 billion at the end of 2024.

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Positive application outlook in surfactants, pharmaceutical and oil drilling industries should stimulate internal olefins market growth. Rising environmental awareness along with shifting consumer focus for quality personal care products will have positive impact on industry growth.

Strict regulations by REACH & EPA across oil drilling industries coupled with increasing automobile sales in India, China and Brazil will propel industry growth. Automotive manufacturers prefer to use synthetic lubricants over conventional owing to addition of internal olefins in it. They have properties like biodegradability, thermal stability and lubricity which help in preventing sludge formation in vehicle engines.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2131

Lubricants application should surpass USD 350 million by 2024. Internal olefins used in lubricants enhances fuel efficiency, vehicle performance and equipment life. It is mainly used in industrial and automotive lubricants owing to mandatory compliance implemented by REACH and EPA and act as synthetic oil base stock, helping in maintaining performance and cost ratio of the manufacturers.

Internal olefins are dependent majorly on the raw materials including ethylene and n-paraffins. Ethylene oligomerization process are prominently used in the manufacturing of alpha olefins. Fluctuation in raw material prices may hinder internal olefins market price trend and affect industry profitability.

Browse key industry insights spread across 120 pages with 92 market data tables & 26 figures & charts from the report, "Internal Olefins Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/internal-olefins-market

Internal olefins demand from surfactants applications is likely to witness significant growth at over 4.5% by the end of projected period. These products when added to surfactants are highly compatible with hard water and possess good wetting and foaming characteristics. Surfactants include bubble baths, powder & liquid detergents, liquid hand soap and shampoos are free of skin irritants and sensitizers.

U.S. internal olefins market demand is likely to exceed USD 750 million by 2024. Increase in oil & gas exploration owing to shale gas revolution has resulted into growth in drilling platforms. The product has extensive usage in oil drilling due to its well-bore stability, lubricity and thermal stability which helps in lesser environmental impact caused by drilling.

Germany internal olefins market should surpass USD 90 million by 2024. It is widely used in lubricants, facilitating low emission and is considered as environment friendly, thereby enhancing product demand. Automotive manufacturers are investing in R&D activities, in order to produce ecofriendly products, thereby stimulating regional industry growth.

Internal olefins market demand from pharmaceutical applications may exceed USD 100 million by 2024. It is used as pharmaceutical intermediates, offering higher surface activity compared to other terminal olefins. Pharmaceutical intermediates are mixed with other chemicals to form various medicines used to fight diseases.

Russia internal olefins market size is likely to grow over 3.5% by the end of forecast period. Increasing awareness pertaining to advantages of synthetic lubricants over its counterparts for cost effectiveness and higher fuel efficiency should propel regional demand. Rapid development in automotive sector and increase in personal vehicle ownership should drive industry growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2131

Shell, Sasol, Elevance and INEOS Oligomers are the main industry players in the internal olefins market. Strong R&D spending by automotive and oil & gas manufacturers in order to comply with environmental norms may enhance product portfolio thereby driving industry growth.

Browse Related Reports:  

  • Lubricant Packaging Market Forecast, 2017 - 2024   
    Lubricant Packaging Market size was more than USD 11 billion in 2016 and will witness 3.5% CAGR during the projected timespan. The raw material used in the industry are petrochemical derivatives. Thus, fluctuating petrochemical feedstock prices is a major challenge for lubricant packaging market size growth in the coming years.
    https://www.gminsights.com/industry-analysis/lubricant-packaging-market
  • Oil Storage Market Forecast, 2016 - 2025   
    Oil Storage Market size was over 1,400 million cubic meters in 2015 with forecast to grow over 4% from 2016 to 2025. Fluctuating crude prices coupled with initiatives toward energy security will drive the global oil storage market size trends during forecast period. Crude, trading at over USD 105 per barrel in 2012 fell to around USD 43.11 per barrel in 2016, with two-fold domestic production in the U.S. over the last two years being primarily responsible.
    https://www.gminsights.com/industry-analysis/oil-storage-market

About Global Market Insights  

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: +1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://www.gminsights.com/blogs

Connect with us: Facebook | Google+ | LinkedIn | Twitter

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