Global Light Olefins Market Research Report – Forecast to 2027


SKU: 180391 Categories: , Tag:


Light olefins are produced through the hydrocracking of hydrocarbons under high temperature. Various raw materials are required for their production include naphtha, ethane, propane, butane, and biomass.
The light olefins market across the globe is expected to reach USD 475.8 million at a CAGR of 5.85% by the end of 2027. The growth of the global light olefins market is attributed to the shifting focus of consumers towards plastic goods from traditional goods such as concrete, metal, and wood. The reduction in energy cost and raw materials for producing light olefins is driving the market growth. The substitution of oil by shale gas, which is extracted from ethylene is expected to drive the market growth further over the assessment period. The trend of biofuel production from bio-ethylene using sugarcane and corn is likely to offer substantial opportunities for market growth during the forecast period. Additionally, the use of zeolites offers about 100% conversion of methanol into light olefins, which is an added advantage to the biofuel production. However, ethylene is highly toxic and is hazardous to human, wildlife, and environmental health, which may restrain the market growth during the forecast period.

Regional Analysis
Geographically, the light olefins market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific was the dominating region in the light olefins market in 2016 and was primarily driven by the increasing demand for durable and efficient automotive. Asia Pacific region accounted for 58.40% share of the global market, in terms of value, in 2016 and is expected to grow at a healthy CAGR of 7.51% over the forecast period. The increasing production and sales of automotive and consumer goods in China, Japan, and India is the major driver of the regional market.
Europe is the second largest region and was valued at USD 1,006.6 million in 2016 and is projected to grow at a healthy CAGR of 5.39% during the review period.
Based on the type, the market is bifurcated ethylene and propylene. On the basis of the derivatives, the market is segmented into polypropylene, propylene oxide, acrylonitrile, cumene, acrylic acid, oxo alcohols, polyethylene, ethylene oxide/ glycol, EDC/ VCM/ PVC, styrene, alpha olefins, and vinyl acetate monomer. Based on the application, the market is divided into chemical commodities and refinery. Regionally, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global light olefins market are Saint Gobain (France), 3M (U.S.), Carborundum Universal Limited (France), Noritake (Japan), Meister Abrasives (U.S.), KREBA & RIEDEL (Germany), Tyrolit Schleifmittelwerke Swarovski K.G. (Austria), TOYODA VAN MOPPES LTD. (Tokyo), LIGHT OLEFINS (India), Zhengzhou Hongtuo Super Abrasive Products Co., Ltd (China), and VSM Abrasives Corporation (Germany)
Geographic Analysis
The geography covered in the report are:
• North America
o The U.S.
o Canada
• Europe
o Germany
o France
o Italy
o Russia
o U.K
o Spain
o Rest of Europe
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o G.C.C
o Iran
o Israel
o Egypt
o Rest of Middle East & Africa

Key Findings
The global light olefins market is projected to reach USD 475.8 million at a CAGR of 5.85% over the review period.
Vitrified diamond product type accounted for the major market share of 16.00% in 2016.
Among different application, cutting tools accounted for the largest market share of 15.90% in 2016 and is projected to grow at a CAGR of 6.97% during the forecast period.

Intended Audience
• Light Olefins manufacturers
• Light Olefins distributor
• Appliances Manufacturers
• Automotive Manufacturers
• Potential investors
• Light Olefins suppliers
• Nationalized laboratory
DC –Description
• Adsorption
• steam cracking naphtha
• naphtha cracker
• uses of catalysts
• hexadecene
• singapore cracker
• c4 recovery solutions
• methanol

Table of Contents

1 Report Prologue
2 Scope of the Report
2.1 Market Definition
2.2 The scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing demand for polymer
4.2.2 Excellent conversion of light olefins from methanol
4.3 Restraint
4.3.1 Ethylene exposure to air affects the environment
4.4 Opportunity
4.4.1 Shale Gas Development
4.5 Trends
4.5.1 Biomass feedstock to bio-ethylene
5 Market Impact Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Light Olefins Producers
5.1.3 Distributors
5.1.4 End User

5.2 Porter’s Five Forces
5.2.1 Threat of new entrants
5.2.2 The intensity of competitive rivalry
5.2.3 Bargaining power of supplier
5.2.4 Bargaining power of buyer
5.2.5 Threat of Substitute
6 Global Light Olefins Market, By Type
6.1 Ethylene
6.2 Propylene
7 Global Light Olefins Market, By Derivatives
7.1 Polypropylene
7.2 Propylene Oxide
7.3 Acrylonitrile
7.4 Cumene
7.5 Acrylic Acid
7.6 Oxo Alcohols
7.7 Polyethylene
7.1 Ethylene Oxide/Glycol
7.3 Styrene
7.4 Alpha Olefins
7.5 Vinyl Acetate Monomer
8 Global Light Olefins Market, By Application
8.1 Chemical Commodities
8.2 Refinery
9 Global Light Olefins Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Spain
9.3.5 Italy
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Latin America
9.6 Middle East & Africa
10 Competitive Landscape
10.1 Introduction
10.1.1 Market Strategy Overview
10.2 Key Development Analysis
10.2.1 Expansion
10.2.2 Acquisition
10.2.3 Joint Venture
10.2.4 Agreement
11 Company Profile
11.1 Royal Dutch Shell
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Products
11.1.4 Strategy
11.1.5 Key Developments
11.2 PetroChina
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Products
11.2.4 Strategy
11.2.5 Key Developments
11.3 Relience Industries Limited
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Products
11.3.4 Strategy
11.3.5 Key Developments
11.4 China Petro& Chemical Corp
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Products
11.4.4 Strategy
11.4.5 Key Developments
11.5 DowDuPont, Inc
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Products
11.5.4 Strategy
11.5.5 Key Developments
11.6 Exxon Mobil Corporation
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Products
11.6.4 Strategy
11.6.5 Key Developments
11.7 Gazprom
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Products
11.7.4 Strategy
11.7.5 Key Developments
11.8 Saudi Arabian Oil Co.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Products
11.8.4 Strategy
11.8.5 Key Developments
11.9 BASF SE
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Products
11.9.4 Strategy
11.9.5 Key Developments
11.1 Honeywell International Inc
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Products
11.10.4 Strategy
11.10.5 Key Developments
12 Conclusion

Additional information


Geography Covered

Date Published