Internal Olefins Market, By Technology (Paraffin Dehydrogenation and Isomerization & Disproportionation), By Application ( Surfactants, Oil Drilling, Pharmaceuticals, Lubricants, Agrochemical, and Others ), By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Mar 2023

Code : CMI2216

Pages :125

Formats :

Excel and PDF

Industry : Bulk Chemicals

Internal Olefins MarketSize and Trends

Global internal olefins market was valued at US$ 2.0 Billion in 2022 in terms of revenue, exhibiting a CAGR of 0.55 % and expected to reach at 2.09 Billion during the forecast period (2023 to 2030).

Market Trends

Some of the other key factors likely to work well for the global internal olefins market are the rising demand for environment-friendly synthetic fluids from across a number of industries. Strict emission-related regulations governing a number of industries is the chief factor driving this trend. Moreover, the rising global demand for oil and gas is also emerging as a leading growth driver for the market as internal olefins find vast usage in oil drilling activities. Furthermore, the rising global consumption of agrochemicals and the steadily expanding agriculture sector in emerging as well as developed economies are working well for the internal olefins market. However, the growth prospects of the market could be restricted to a certain extent by the easy availability of substitutes such as poly-alpha-olefins. Moreover, the fluctuating costs of raw materials could also negatively impact the market to a certain extent over the report’s forecast period.