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Internal Olefins Market Industry Insights, Trends and Forecast 2026

The global internal olefins market was valued at US$ 1.64 billion in 2017 and is anticipated to register a CAGR of 4.7% in terms of revenue, over the forecast period (2019 – 2026), to reach US$ 2.46 billion by 2026.

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Internal Olefins Market Industry Insights, Trends and Forecast 2026

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  1. Internal Olefins Market - Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017- 2025 © Coherent market Insights. All Rights Reserved

  2. REPORT DESCRIPTION Global Internal Olefins Market – Insights Internal olefins are high-value chemicals, produced by dehydrochlorination or chlorination of linear paraffins. It is used in various applications such as lubricants, oil drilling, surfactants, and agrochemicals. Internal olefins are valuable intermediate for processes such as synthesis of linear alkyl benzenes and oxo alcohols. It is also used during drilling mud, paper sizing, and for lubrication-based oil. Lubricants application segment is expected to show a significant growth in global internal olefins market in 2018. This is attributed to increasing number of motor vehicles, as lubricants reduce the friction between surfaces. According to U.S. International Trade Organization (ITA), in the U.S., the sales of light vehicle reached 17.1 million units in 2017. Also, the U.S. is the world’s second largest market for production and sales of vehicles. Oil drilling segment is the fastest growing application segment in global internal olefins market in 2018, owing to increasing number of oil drilling activities. According to the U.S. Energy Information Administration (EIA), around 330 units of crude oil rotary rigs were in operation in June 2016, which increased to 861 units of crude oil rotary rigs in July 2018, in the U.S. © Coherent market Insights. All Rights Reserved

  3. REPORT DESCRIPTION North America held significant market share in the global internal olefins market in 2017, owing to increasing oil and gas exploration due to shale gas revolution, which in turn expanded drilling activities in the region. According to the U.S. Department of Labor, Bureau of Labor Statistics, production of shale gas in the U.S. increased from 1.3 trillion cubic feet (Tcf) to 15.8 trillion cubic feet (Tcf) during 2007 to 2016. However, easy availability of internal olefins substitutes such as poly-alpha-olefins is expected to hinder growth of internal olefins market. Furthermore, fluctuating prices of ethylene is also hampering growth of the internal olefins market. For instance, in December 2012, the ethylene price was US$ 1175 per metric tons and reached up to US$ 1265 per metric tons in January 2013. The global internal olefins market was valued at US$ 1.64 billion in 2017 and is anticipated to register a CAGR of 4.7% in terms of revenue, over the forecast period (2019 – 2026), to reach US$ 2.46 billion by 2026. Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/2216 © Coherent market Insights. All Rights Reserved

  4. REPORT DESCRIPTION Asia Pacific is the fastest growing region and held the highest market share of 24% in 2017, owing to increasing automotive production coupled with increasing use of synthetic lubricants in automotive application. According to the U.S. International Trade Administration (ITA), in 2016, China was the world’s largest vehicle market with the sales of over 28 million units. The automobile output in China is expected to reach 35 million units by 2025. Furthermore, various key players are focused towards increasing production of ethylene, the raw material for manufacturing internal olefins, which is a key factor for driving growth of the internal olefin market. For instance, in April 2016, Korea Petrochemical Ind. Co., Ltd. (KPIC) aimed to expand its ethylene production capacity with the addition of 330,000 tons/year and its current capacity reached up to 800,000 tons/year. Major players operating in the global internal olefins market include, INEOS Group Limited, Sasol Limited, Royal Dutch Shell plc, Elevance Renewable Sciences, Inc., Chevron Corporation, SABIC, Halliburton Company, Schlumberger Limited, Shrieve Chemical Company, and Idemitsu Kosan Co., Ltd. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/2216 © Coherent market Insights. All Rights Reserved

  5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved

  6. ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare HEALTHCAR E IT CLINICAL DIAGNOSTIC BIOTECHNO LOGY PHARMACE UTICAL MEDICAL IMAGING Chemicals & Materials MEDICAL DEVICES Speciality and Fine Chemicals Bulk Advanced Materials Chemicals Green Chemicals Polymers & Resins Food Cosmetic Ingredients Ingredients © Coherent market Insights. All Rights Reserved

  7. ABOUT COHERENT MARKET INSIGHTS RESEARCH SOLUTIONS KEY STATS GLOBAL REPORTS FEASIBILITY STUDIES 100+ Insights Published Per Year COUNT RY ANALYS IS 150+ CONSUL T PROJECT S Consulting Projects Till Date 125+ SURVEY RESEAR CH EXCEL FORECAST DATABASE COMPETITI VE ASSESSMEN T Clients Worldwide Per Year 110+ TECHNOLOG Y SNIPPETS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

  8. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved

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