Light Olefins Market Research Report – Forecast to 2030

Light Olefins Market Information: By Type (Ethylene, Propylene), Derivatives (Polypropylene, Propylene Oxide, Acrylonitrile, Cumene, Acrylic Acid, Oxo Alcohols, Polyethylene), Application (Chemical Commodities, Refinery), And By Region – Forecast Till 2030

ID: MRFR/CnM/0531-CR | February 2021 | Region: Global | 115 Pages         

1 Report Prologue

2 Scope Of The Report

2.1 Market Definition 17

2.2 The Scope Of The Study 17

2.2.1 Research Objectives 17

2.2.2 Assumptions 17

2.2.3 Limitations 17

2.3 Market Structure 18

3 Research Methodology

3.1 Research Process 21

3.2 Primary Research 21

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 Forecast Model 23

4 Market Dynamics

4.1 Introduction 25

4.2 Drivers 26

4.2.1 Increasing Demand For Polymer 26

4.2.2 Excellent Conversion Of Light Olefins From Methanol 27

4.3 Restraint 28

4.3.1 Ethylene Exposure To Air Affects The Environment 28

4.4 Opportunity 29

4.4.1 Shale Gas Development 29

4.5 Trends 29

4.5.1 Biomass Feedstock To Bio-Ethylene 29

5 Market Impact Analysis

5.1 Supply Chain Analysis 31

5.1.1 Raw Material Suppliers 31

5.1.2 Light Olefins Producers 31

5.1.3 Distributors 32

5.1.4 End User 32

 

5.2 Porter’s Five Forces 32

5.2.1 Threat Of New Entrants 32

5.2.2 The Intensity Of Competitive Rivalry 32

5.2.3 Bargaining Power Of Supplier 32

5.2.4 Bargaining Power Of Buyer 32

5.2.5 Threat Of Substitute 32

6 Global Light Olefins Market, By Type

6.1 Ethylene 35

6.2 Propylene 36

7 Global Light Olefins Market, By Derivatives

7.1 Polypropylene 40

7.2 Propylene Oxide 41

7.3 Acrylonitrile 42

7.4 Cumene 43

7.5 Acrylic Acid 44

7.6 Oxo Alcohols 45

7.7 Polyethylene 46

7.1 Ethylene Oxide/Glycol 47

7.2 EDC/VCM/PVC 48

7.3 Styrene 49

7.4 Alpha Olefins 50

7.5 Vinyl Acetate Monomer 51

8 Global Light Olefins Market, By Application

8.1 Chemical Commodities 54

8.2 Refinery 55

9 Global Light Olefins Market, By Region

9.1 Introduction 57

9.2 North America 62

9.2.1 US 66

9.2.2 Canada 69

9.3 Europe 73

9.3.1 Germany 78

9.3.2 France 81

9.3.3 UK 84

9.3.4 Spain 87

9.3.5 Italy 90

9.3.6 Rest Of Europe 93

9.4 Asia Pacific 97

9.4.1 China 101

9.4.2 Japan 104

9.4.3 India 107

9.4.4 Rest Of Asia Pacific 110

9.5 Latin America 114

9.6 Middle East & Africa 119

10 Competitive Landscape

10.1 Introduction 125

10.1.1 Market Strategy Overview 125

10.2 Key Development Analysis 126

10.2.1 Expansion 126

10.2.2 Acquisition 126

10.2.3 Joint Venture 127

10.2.4 Agreement 127

11 Company Profile

11.1 Royal Dutch Shell 129

11.1.1 Company Overview 129

11.1.2 Financials 129

11.1.3 Products 129

11.1.4 Strategy 129

11.1.5 Key Developments 129

11.2 PetroChina 130

11.2.1 Company Overview 130

11.2.2 Financials 130

11.2.3 Products 130

11.2.4 Strategy 130

11.2.5 Key Developments 130

11.3 Relience Industries Limited 131

11.3.1 Company Overview 131

11.3.2 Financials 131

11.3.3 Products 131

11.3.4 Strategy 131

11.3.5 Key Developments 131

11.4 China Petro& Chemical Corp 132

11.4.1 Company Overview 132

11.4.2 Financials 132

11.4.3 Products 132

11.4.4 Strategy 132

11.4.5 Key Developments 132

11.5 DowDuPont, Inc 133

11.5.1 Company Overview 133

11.5.2 Financials 133

11.5.3 Products 133

11.5.4 Strategy 133

11.5.5 Key Developments 133

11.6 Exxon Mobil Corporation 134

11.6.1 Company Overview 134

11.6.2 Financials 134

11.6.3 Products 134

11.6.4 Strategy 134

11.6.5 Key Developments 134

11.7 Gazprom 135

11.7.1 Company Overview 135

11.7.2 Financials 135

11.7.3 Products 135

11.7.4 Strategy 135

11.7.5 Key Developments 135

11.8 Saudi Arabian Oil Co. 136

11.8.1 Company Overview 136

11.8.2 Financials 136

11.8.3 Products 136

11.8.4 Strategy 136

11.8.5 Key Developments 136

11.9 BASF SE 137

11.9.1 Company Overview 137

11.9.2 Financials 137

11.9.3 Products 137

11.9.4 Strategy 137

11.9.5 Key Developments 137

11.10 Honeywell International Inc 138

11.10.1 Company Overview 138

11.10.2 Financials 138

11.10.3 Products 138

11.10.4 Strategy 138

11.10.5 Key Developments 138

12 Conclusion

13 List Of Tables

TABLE 1 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 34

TABLE 2 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 35

TABLE 3 GLOBAL LIGHT OLEFINS MARKET FOR ETHYLENE, 2020-2027 (USD BILLION) 35

TABLE 4 GLOBAL LIGHT OLEFINS MARKET FOR ETHYLENE, 2020-2027 (MILLION TONS) 35

TABLE 5 GLOBAL LIGHT OLEFINS MARKET FOR PROPYLENE, 2020-2027 (USD BILLION) 36

TABLE 6 GLOBAL LIGHT OLEFINS MARKET FOR PROPYLENE, 2020-2027 (MILLION TONS) 36

TABLE 7 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 38

TABLE 8 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 39

TABLE 9 GLOBAL LIGHT OLEFINS MARKET FOR POLYPROPYLENE, 2020-2027 (USD BILLION) 40

TABLE 10 GLOBAL LIGHT OLEFINS MARKET FOR POLYPROPYLENE, 2020-2027 (MILLION TONS) 40

TABLE 11 GLOBAL LIGHT OLEFINS MARKET FOR PROPYLENE OXIDE, 2020-2027 (USD BILLION) 41

TABLE 12 GLOBAL LIGHT OLEFINS MARKET FOR PROPYLENE OXIDE, 2020-2027 (MILLION TONS) 41

TABLE 13 GLOBAL LIGHT OLEFINS MARKET FOR ACRYLONITRILE, 2020-2027 (USD BILLION) 42

TABLE 14 GLOBAL LIGHT OLEFINS MARKET FOR ACRYLONITRILE, 2020-2027 (MILLION TONS) 42

TABLE 15 GLOBAL LIGHT OLEFINS MARKET FOR CUMENE, 2020-2027 (USD BILLION) 43

TABLE 16 GLOBAL LIGHT OLEFINS MARKET FOR CUMENE, 2020-2027 (MILLION TONS) 43

TABLE 17 GLOBAL LIGHT OLEFINS MARKET FOR ACRYLIC ACID, 2020-2027 (USD BILLION) 44

TABLE 18 GLOBAL LIGHT OLEFINS MARKET FOR ACRYLIC ACID, 2020-2027 (MILLION TONS) 44

TABLE 19 GLOBAL LIGHT OLEFINS MARKET FOR OXO ALCOHOLS, 2020-2027 (USD BILLION) 45

TABLE 20 GLOBAL LIGHT OLEFINS MARKET FOR OXO ALCOHOLS, 2020-2027 (MILLION TONS) 45

TABLE 21 GLOBAL LIGHT OLEFINS MARKET FOR POLYETHYLENE, 2020-2027 (USD BILLION) 46

TABLE 22 GLOBAL LIGHT OLEFINS MARKET FOR POLYETHYLENE, 2020-2027 (MILLION TONS) 46

TABLE 23 GLOBAL LIGHT OLEFINS MARKET FOR ETHYLENE OXIDE/GLYCOL, 2020-2027 (USD BILLION) 47

TABLE 24 GLOBAL LIGHT OLEFINS MARKET FOR ETHYLENE OXIDE/GLYCOL, 2020-2027 (MILLION TONS) 47

TABLE 25 GLOBAL LIGHT OLEFINS MARKET FOR EDC/VCM/PVC, 2020-2027 (USD BILLION) 48

TABLE 26 GLOBAL LIGHT OLEFINS MARKET FOR EDC/VCM/PVC, 2020-2027 (MILLION TONS) 48

TABLE 27 GLOBAL LIGHT OLEFINS MARKET FOR STYRENE, 2020-2027 (USD BILLION) 49

TABLE 28 GLOBAL LIGHT OLEFINS MARKET FOR STYRENE, 2020-2027 (MILLION TONS) 49

TABLE 29 GLOBAL LIGHT OLEFINS MARKET FOR ALPHA OLEFINS, 2020-2027 (USD BILLION) 50

TABLE 30 GLOBAL LIGHT OLEFINS MARKET FOR ALPHA OLEFINS, 2020-2027 (MILLION TONS) 50

TABLE 31 GLOBAL LIGHT OLEFINS MARKET FOR VINYL ACETATE MONOMER, 2020-2027 (USD BILLION) 51

TABLE 32 GLOBAL LIGHT OLEFINS MARKET FOR VINYL ACETATE MONOMER, 2020-2027 (MILLION TONS) 51

TABLE 33 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 53

TABLE 34 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 54

TABLE 35 GLOBAL LIGHT OLEFINS MARKET FOR CHEMICAL COMMODITIES, 2020-2027 (USD BILLION) 54

TABLE 36 GLOBAL LIGHT OLEFINS MARKET FOR CHEMICAL COMMODITIES, 2020-2027 (USD BILLION) 54

TABLE 37 GLOBAL LIGHT OLEFINS MARKET FOR REFINERY, 2020-2027 (USD BILLION) 55

TABLE 38 GLOBAL LIGHT OLEFINS MARKET FOR REFINERY, 2020-2027 (USD BILLION) 55

TABLE 39 GLOBAL LIGHT OLEFINS MARKET, BY REGION, 2020-2027 (USD BILLION) 57

TABLE 40 GLOBAL LIGHT OLEFINS MARKET, BY REGION, 2020-2027 (MILLION TONS) 58

TABLE 41 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 58

TABLE 42 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 59

TABLE 43 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 59

TABLE 44 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 60

TABLE 45 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 60

TABLE 46 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 61

TABLE 47 NORTH AMERICA LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 63

TABLE 48 NORTH AMERICA LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (MILLION TONS) 63

TABLE 49 NORTH AMERICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 63

TABLE 50 NORTH AMERICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 64

TABLE 51 NORTH AMERICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 64

TABLE 52 NORTH AMERICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 65

TABLE 53 NORTH AMERICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 65

TABLE 54 NORTH AMERICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 66

TABLE 55 US LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 66

TABLE 56 US LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 66

TABLE 57 US LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 67

TABLE 58 US LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 68

TABLE 59 US LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 68

TABLE 60 US LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 69

TABLE 61 CANADA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 69

TABLE 62 CANADA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 69

TABLE 63 CANADA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 70

TABLE 64 CANADA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 71

TABLE 65 CANADA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 71

TABLE 66 CANADA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 72

TABLE 67 EUROPE LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 74

TABLE 68 EUROPE LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (MILLION TONS) 74

TABLE 69 EUROPE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 75

TABLE 70 EUROPE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 75

TABLE 71 EUROPE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 76

TABLE 72 EUROPE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 77

TABLE 73 EUROPE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 77

TABLE 74 EUROPE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 78

TABLE 75 GERMANY LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 78

TABLE 76 GERMANY LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 78

TABLE 77 GERMANY LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 79

TABLE 78 GERMANY LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 80

TABLE 79 GERMANY LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 80

TABLE 80 GERMANY LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 81

TABLE 81 FRANCE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 81

TABLE 82 FRANCE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 81

TABLE 83 FRANCE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 82

TABLE 84 FRANCE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 83

TABLE 85 FRANCE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 83

TABLE 86 FRANCE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 84

TABLE 87 UK LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 84

TABLE 88 UK LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 84

TABLE 89 UK LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 85

TABLE 90 UK LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 86

TABLE 91 UK LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 86

TABLE 92 UK LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 87

TABLE 93 SPAIN LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 87

TABLE 94 SPAIN LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 87

TABLE 95 SPAIN LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 88

TABLE 96 SPAIN LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 89

TABLE 97 SPAIN LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 89

TABLE 98 SPAIN LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 90

TABLE 99 ITALY LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 90

TABLE 100 ITALY LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 90

TABLE 101 ITALY LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 91

TABLE 102 ITALY LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 92

TABLE 103 ITALY LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 92

TABLE 104 ITALY LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 93

TABLE 105 REST OF EUROPE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 93

TABLE 106 REST OF EUROPE LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 93

TABLE 107 REST OF EUROPE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 94

TABLE 108 REST OF EUROPE LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 95

TABLE 109 REST OF EUROPE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 95

TABLE 110 REST OF EUROPE LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 96

TABLE 111 ASIA PACIFIC LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 98

TABLE 112 ASIA PACIFIC LIGHT OLEFINS MARKET, BY COUNTRY, 2020-2027 (MILLION TONS) 98

TABLE 113 ASIA PACIFIC LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 98

TABLE 114 ASIA PACIFIC LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 99

TABLE 115 ASIA PACIFIC LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 99

TABLE 116 ASIA PACIFIC LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 100

TABLE 117 ASIA PACIFIC LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 100

TABLE 118 ASIA PACIFIC LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 101

TABLE 119 CHINA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 101

TABLE 120 CHINA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 101

TABLE 121 CHINA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 102

TABLE 122 CHINA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 103

TABLE 123 CHINA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 103

TABLE 124 CHINA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 104

TABLE 125 JAPAN LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 104

TABLE 126 JAPAN LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 105

TABLE 127 JAPAN LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 106

TABLE 128 JAPAN LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 106

TABLE 129 JAPAN LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 107

TABLE 130 JAPAN LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 107

TABLE 131 INDIA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 107

TABLE 132 INDIA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 108

TABLE 133 INDIA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 108

TABLE 134 INDIA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 109

TABLE 135 INDIA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 109

TABLE 136 INDIA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 110

TABLE 137 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 110

TABLE 138 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 110

TABLE 139 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 111

TABLE 140 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 112

TABLE 141 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 112

TABLE 142 REST OF ASIA PACIFIC LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 113

TABLE 143 LATIN AMERICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 115

TABLE 144 LATIN AMERICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 115

TABLE 145 LATIN AMERICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 116

TABLE 146 LATIN AMERICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 117

TABLE 147 LATIN AMERICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 117

TABLE 148 LATIN AMERICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 118

TABLE 150 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 120

TABLE 151 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 120

TABLE 152 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 121

TABLE 153 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 122

TABLE 154 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 122

TABLE 155 MIDDLE EAST & AFRICA LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 123

14 List Of Figures

FIGURE 1 TOP DOWN & BOTTOM-UP APPROACH 22

FIGURE 2 FORECAST MODEL 23

FIGURE 3 DRIVERS, RESTRAINT, OPPORTUNITY, AND TREND OF GLOBAL LIGHT OLEFINSMARKET 25

FIGURE 4 SUPPLY CHAIN ANALYSIS 31

FIGURE 1 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (USD BILLION) 34

FIGURE 2 GLOBAL LIGHT OLEFINS MARKET, BY TYPE, 2020-2027 (MILLION TONS) 34

FIGURE 3 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (USD BILLION) 38

FIGURE 4 GLOBAL LIGHT OLEFINS MARKET, BY DERIVATIVES, 2020-2027 (MILLION TONS) 39

FIGURE 5 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (USD BILLION) 53

FIGURE 6 GLOBAL LIGHT OLEFINS MARKET, BY APPLICATION, 2020-2027 (MILLION TONS) 53

FIGURE 7 GLOBAL LIGHT OLEFINS MARKET, BY REGION, 2020-2027 (USD BILLION) 57

FIGURE 8 GLOBAL LIGHT OLEFINS MARKET, BY REGION, 2020-2027 (MILLION TONS) 58

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Light Olefins Market Overview:


The light olefins market is expected to generate a revenue of more USD 475.8 million by the end of the forecast. The global light olefins market is expected to register a CAGR of 5.58% by the forecast year 2030.

When hydrocarbons are heated under high temperature by the method called hydrocracking, Light olefins are produced. The production of light olefins includes various raw materials like ethane, naphtha, propane, biomass, and butane. Light olefins are of different variants like oil (extracted from naphtha), gas (extracted from propane, ethane, and butane), natural gas (extracted from biomass).


Polycarbonates are other types of light olefins extracted using an energy-intensive process from ethylene. These polycarbonates further produced nitrogen dioxide, coke, and carbon dioxide which give rise to an increase in demand for green tires to control pollution. Green tires are made from the extraction of bio-butadiene which gives rise to synthetic rubber. This extraction also helps in making green tire coatings and other automotive accessories. Bisphenol-A is also used to derive polycarbonates give a rise to light olefins in the automotive industry.


A global shift from traditional substances like metal, wood, and concrete has given rise to light olefins because of the reduced value of raw materials and cost of production. 


COVID-19 Analysis:


The COVID-19 pandemic affected the world socially, politically, and economically. It shook the dynamics of the world. We saw a great loss of human life. The world was not prepared for the threat at hand. Work from home culture grew drastically because industries were shut to contain the spread of the virus. Lockdowns were imposed to minimize social gatherings and make places lesser on containment areas.


Many industries saw a downward trend due to less manpower. The Light olefins sector registered a slump growth due to decreased demand for manufacturing new products. The virus that spread from a flea market in Wuhan, China turned the world on its pivot. With an escalation in the cases of COVID-19 virus affected people there occurred an imbalance in the market dynamics of the Light olefins industry. Seeing the current scenario, the fruit pectin industry is expected to regain its market value owing to an increase in demand for the chemical. Let us hope that the measures taken will be able to combat the adverse effect of the pandemic from this market.


Market Dynamics:


Drivers:


- Polycarbonates which are further produced nitrogen dioxide, coke, and carbon dioxide which have given the rise to an increase in demand for green tires to control pollution are dominating the market.


- Rise in demand for synthetic rubber to produce green tires and their coating.


- A global shift from traditional substances like metal, plastic goods, wood, and concrete has given rise to light olefins because of the reduced value of raw materials and cost of production.


- Using methanol to extract light olefins.


- Shale gas is a substitution of oil, biofuel is a substitution of petrol and diesel, and zeolites used to methanol into light olefins are marketing the growth of the light olefins industry.


- Exploration of gas and oil reserves because of the government's initiative to switch to eco-friendly products.


- Increase in demand for products that help in the reduction of gases like nitrogen dioxide, coke, and carbon dioxide.


- Production of bio-ethylene from corn and sugarcane.


- Easy availability of raw materials.


- Cost-effective values while extracting light olefins from raw materials.


- An increasing rise of the interest of investors to invest in light olefins manufacturing industries.


Challenges:


- Use of toxic ethylene has harmful, hazardous environmental effects on wildlife and human life.


- Environmental protection laws by the government.


- High price of feedstock.


Technology Analysis:


When hydrocarbons are heated under high temperature by the method called hydrocracking, Light olefins are produced. The production of light olefins includes various raw materials like ethane, naphtha, propane, biomass, and butane. Polycarbonates are another type of light olefins extracted using an energy-intensive process from ethylene. These polycarbonates further produce nitrogen dioxide, coke, and carbon dioxide which give rise to an increase in demand od green tires to control pollution.


Green tires are made from the extraction of bio-butadiene which gives rise to synthetic rubber. This extraction also helps in making green tire coatings and other automotive accessories. Bisphenol-A is also used to derive polycarbonates give a rise to light olefins in the automotive industry.


A global shift from traditional substances like metal, wood, and concrete has given rise to light olefins because of the reduced value of raw materials and cost of production. Shale gas is a substitution of oil, biofuel is a substitution of petrol and diesel, and zeolites used to methanol into light olefins are marketing the growth of the light olefins industry. Light olefins are of different variants like oil (extracted from naphtha), gas (extracted from propane, ethane, and butane), natural gas (extracted from biomass). Light olefins are seeing an upward trend in the forthcoming years.


Study Objectives:


The study objectives of the Light Olefins Market are:


- Regional prevalence, Regional Competitors, and Regional analysis


- An estimate on market share, CAGR, revenue, market volume, and market value.


- The demand and supply as per customer's request.


- Factors driving the market, challenges faced, and Strategic recommendations.


- Various technologies are involved in light olefin extraction.


- Detailed strategies, common trends, and recent developments.


Segment Overview:


By Product Type:


The light olefins market is segmented by product type as propylene, Butadiene, ethylene, Butylene, and others.


By Derivatives:


The light olefins market is segmented by derivatives as propylene oxide, cumene, acetate monomer, oxo alcohols, ethylene oxide, EDC/ VCM/ PVC, alpha-olefins, polypropylene, acrylonitrile, acrylic acid, polyethylene, glycol, and styrene.


By Application:


The light olefins market is segmented by application as refinery and chemical commodities.


By Distribution Channel:


The light olefins market is segmented by distribution channels as Distributors and Wholesaler.


Regional Analysis:


The light olefins market is segmented by region as:


- North America (the US and Canada)


- Europe (U.K, France, Italy, Germany, Russia, Spain, and Rest of Europe)


- Asia Pacific (India, China, Japan, and Rest of Asia Pacific)


- Latin America (Argentina, Mexico, Brazil, and the Rest of Latin America)


- The Middle East


- Africa


- Turkey


- Iran


Asia-Pacific is the market-dominant of the global light olefins market. This is because of the thriving e-commerce in the emerging economies of countries like China, Japan, and India. Increase in supply and delivery services of online food and beverage packaging services to secure the products.


North America and Europe have also seen an upward trend in the light olefins market due to rapid technological advancements, increase in consumers interests, changing market dynamics, high penetration of electronics, increased use of synthetic fibers in green tires manufacturing, and government's initiate to control pollution from hazardous waste disposal.


Competitive Landscape:


The competitive analysis of the global light olefins market identifies a report cumulated, studied, and compiled using knowledge of industry's expert about strategic alliances, collaborations, comprehensive report, market's microscopic look, footprints of the manufacturers, global revenue, and the global price of raw materials and how it affects the market.


The prominent market players of the global light olefins market are Royal Dutch Shell (Netherlands), Reliance Industries Limited (India), Honeywell International Inc. (U.S.), DowDuPont (U.S.), Gazprom (Russian Federation), BASF SE (Germany), PetroChina (China), China Petro & Chemical Corp (China), Exxon Mobil Corporation (U.S.), and Saudi Arabian Oil Co. (Saudi Arabia).


Recent Developments:


August 2021- Lummus Technology has disclosed that the start-up of company’s CDAlky alkylation unit located at Zhejiang Petroleum & Chemical Co. Ltd's refinery in Zhejiang Province, China. The latest facility will have a capacity of over 45 000 bpsd of alkylate product, resulting it to be the largest alkylation unit across the globe certified by Lummus.
The latest alkylation unit deals with C4s from upstream refining and petrochemical units, causing an extremely high isobutylene concentration in the net olefins mixture while manufacturing a greater alkylate quality.

October 2021- Siemens Energy and Technip Energies have announced the signing of an exclusive contract to collaboratively build, commercialize, and license the Rotating Olefins Cracker (ROC) technology to make the olefin production process carbon-free. The ROC technology uses a dynamic reactor system, which replaces traditional furnaces used for pyrolysis while producing light olefins- the raw material for chemical products used in everyday materials.

November 2021- The Board of Reliance Industries Ltd (RIL) has planned to deploy a Scheme of Arrangement to turn over Gasification Enterprise into a Wholly Owned Subsidiary (WOS). The Jamnagar Gasification project was established to manufacture syngas to fulfill the needs as refinery off-gases that catered as fuel in the past were redesigned into feedstock for the Refinery Off Gas Cracker (ROGC). The company stated that this deployment allows olefins manufacturing at competitive capital and operating costs. The statement further revealed that Syngas as a fuel guarantees supply reliability and aid lower volatility in the energy costs.

In 2018, Exxon Mobil collaborated with Saudi Basic Industries Corporation (SABIC) to build the world’s largest plant for ethylene production. This collaboration was more than 1.4 billion US dollars of worth.


In June 2018, a Cumene unit was built in Germany by a leading light olefin market player i.e. INEOS Phenol (UK) to maintain continuity between customer's demand and supply. This construction helped the company's plants in Gladbeck and Antwerp to improve the security of this supply and demand by the year 2020.


Report Overview:


The global Light Olefins Market research report identifies the following points:


- Regional prevalence, Regional Competitors, country-wise statistics, top industry players, and Regional analysis. This report will help you in understanding the future growth and development that is going to take place in this market.


- An estimate on market share, CAGR, revenue, market volume, Pricing Strategy, and market value.


- Market segmentation.


- The demand and supply as per customer's request.


- Factors driving the market, challenges faced by the market, new entrants in the raw materials, and strategic recommendations.


- Various technologies are involved in light olefin extraction.


- Detailed strategies, common trends, Competitive landscape, and recent developments.


- Financials based on historical and current data.

Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : 475.8 million
  CAGR   2030 : 5.58%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Derivatives, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Royal Dutch Shell (Netherlands), Reliance Industries Limited (India), Honeywell International Inc. (U.S.), DowDuPont (U.S.), Gazprom (Russian Federation), BASF SE (Germany), PetroChina (China), China Petro & Chemical Corp (China), Exxon Mobil Corporation (U.S.), and Saudi Arabian Oil Co. (Saudi Arabia).
  Key Market Opportunities   Increase in demand for products that help in the reduction of gases like nitrogen dioxide, coke, and carbon dioxide.
  Key Market Drivers   Rise in demand for synthetic rubber to produce green tires and their coating.


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Frequently Asked Questions (FAQ) :

The global light olefins market is expected to register a CAGR of 5.58% by the forecast year 2030

The light olefins market is segmented by derivatives as propylene oxide, cumene, acetate monomer, oxo alcohols, ethylene oxide, EDC/ VCM/ PVC, alpha-olefins, polypropylene, acrylonitrile, acrylic acid, polyethylene, glycol, and styrene.

Asia-Pacific is the market-dominant of the global light olefins market.