Global Olefins Industry Insights: Market Size, Growth Analysis and Forecast
Report ID : 1346095 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Olefins Industry is categorized based on Product Type (Ethylene, Propylene, Butylene, Butadiene, Other Olefins) and Application (Plastics, Synthetic Rubber, Chemical Intermediates, Textiles, Other Applications) and End-User Industries (Automotive, Construction, Packaging, Electronics, Consumer Goods) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Olefins Industry was worth $250 billion in 2023 and is forecasted to reach $400 billion by 2033, growing at a CAGR of 5.0% over the period 2024-2033. This report covers various segments and analyzes the key trends and factors influencing the market significantly.
The current position of the olefins market is one of relevance as it is central to the oerations of the petrochemical industry and is vital in the manufacture of some chemicals and polymers. Ethylene and propylene are common parts that are utilized in the construction of several products, such as plastics, synthetic fibers ,automotive parts and even packaging materials. The growing automotive, construction, and consumer goods industries is responsible for the growing need for new compounds and these industries ensure that one critical aspect is bound towards these range of products, making it a prime focus olefins for market analysts and stakeholders.
Supported by optimistic forecasts, the past few years have depicted an increase in the olefins market, fueled by the changes in extraction and production processes. The industry is responding to the transition towards greater sustainability and more recently, the heightened focus on recycling and circular economy, further deepening their innovation and flexibility. Furthermore, with stiff competition, varying costs of undeveloped goods, and new regulations, understanding the olefins sector is a core ideal to be approached with when strategizing, making the information a key for dissolving complex environments.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | ExxonMobil, Dow Chemical Company, Royal Dutch Shell, BASF SE, LyondellBasell Industries, SABIC, Chevron Phillips Chemical Company, Formosa Plastics Corporation, INEOS, Mitsubishi Chemical Corporation, TotalEnergies |
| SEGMENTS COVERED |
By Product Type - Ethylene, Propylene, Butylene, Butadiene, Other Olefins
By Application - Plastics, Synthetic Rubber, Chemical Intermediates, Textiles, Other Applications
By End-User Industries - Automotive, Construction, Packaging, Electronics, Consumer Goods
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Olefins Industry Dynamics
The Olefins Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Olefins Industry Segmentations
Market Breakup by Product Type
- Overview
- Ethylene
- Propylene
- Butylene
- Butadiene
- Other Olefins
Market Breakup by Application
- Overview
- Plastics
- Synthetic Rubber
- Chemical Intermediates
- Textiles
- Other Applications
Market Breakup by End-User Industries
- Overview
- Automotive
- Construction
- Packaging
- Electronics
- Consumer Goods
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Olefins Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- ExxonMobil
- Dow Chemical Company
- Royal Dutch Shell
- BASF SE
- LyondellBasell Industries
- SABIC
- Chevron Phillips Chemical Company
- Formosa Plastics Corporation
- INEOS
- Mitsubishi Chemical Corporation
- TotalEnergies
Customization Options
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Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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