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Internal Olefins Market to Achieve Considerable Growth In 2024, U.S. To Remain A Dominant Growth Avenue

Author : Ronak Bora | Published Date : 2019-08-06 

U.S. internal olefins market from oil drilling applications is poised to surpass USD 350 million in sales by 2024. Presence of various natural oil & gas reserves has led to growing drilling & exploration activities should favor regional industry growth. It is prominently used in extraction activities for effective oil recovery due to reduce drilling time, cost-effectiveness, high lubricity, thermal stability and well borne stability.

Global internal olefins market share is concentrated with some of the industry participants include Elevence, Sasol, INEOS Oiligomers and Shell. Strong R&D expenditure to develop internal olefins for extensive applications in pharmaceutical industry and ensure effective drug delivery may drive industry growth.

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Increasing usage in pharmaceutical, oil drilling and surfactant industries along with growing environmental awareness should drive internal olefins market. Rapid urbanization supported by increasing economic standards has promoted use of high-quality personal hygiene products which is likely to propel industry growth.

Internal olefins market from surfactants may exceed to 170 kilo tons by 2024. Strong application outlook in liquid soaps, dish washing liquids, detergent shampoos and hand wash owing to low toxicity is likely to have positive impact on industry growth. Growing demand for mild, skin irritants and sensitizers free detergents along with high cleaning capacity should fuel product demand.

Availability of substitutes including linear alpha olefin, poly alpha olefins may challenge industry growth. Ethylene and n- paraffin are the key raw materials used for commercial production. Fluctuating raw material prices may limit industry profitability which may impact internal olefins market price trend.

The rapid growth in automotive market has also impacted positively on internal olefins industry share. Since there is a primary requirement of lubricants for enhancing the performance of mechanical linkages in automobiles, oil companies have been investing heavily in major regional automotive markets such as India and China. For instance, the renowned lubricant producing company, Gulf Oil Lubricants India Ltd has partnered with Force Motors, Fiat, and Bajaj Auto to capture a substantial percentage of the internal olefins market  share. Gulf Oil, another renowned firm, has also collaborated with several original equipment manufacturers such as Ashok Leyland, Volvo Penta, Bharat Benz, L&T Komatsu, and Mahindra. Strategic jvs such as the aforementioned among oil companies and automotive giants have also encouraged other well-known players in internal olefins market including Sasol Ltd., INEOS Oligomers, Royal Dutch Shell, and Elevance, which would lucratively impact this business space.

Glimpse of Table of Content (ToC)

Chapter 3   Internal Olefins Market Industry Insights

3.1      Internal Olefins Market segmentation

3.2      Internal Olefins Market landscape, 2013 - 2024

3.3      Internal Olefins Market ecosystem analysis

3.3.1   Vendor matrix

3.4      Regulatory landscape

3.5      Technology landscape

3.5.1   Internal olefin production from SHOP Process

3.5.2   Internal olefin production from n – paraffins

3.6      Pricing analysis

3.7      Industry impact forces

3.7.1   Growth drivers

3.7.1.1     Growing oil field drilling and exploring activities in North America

3.7.1.2     Growing synthetic based lubricants demand in Asia Pacific

3.7.2   Industry pitfalls & challenges

3.7.2.1     Availability of substitute

3.8      Innovation & sustainability

3.9      Growth potential analysis, 2016

3.9.1   Emerging business model

3.9.1.1     Collaboration/Joint ventures

3.10    Porter’s analysis

3.11    Competitive landscape, 2016

3.11.1       Internal olefin estimated production capacity

3.11.2       Strategic dashboard

3.12    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/internal-olefins-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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