Higher Olefins Market
The higher olefins market is expected to witness a moderate growth during the forecasted period, 2018-2023. The demand for higher olefins is driven by its increasing demand from various applications such as lubricant additives, surfactants, and paints & coatings, across the world. Asia-Pacific accounted for the largest market, in terms of consumption during the forecast period.
Growing Demand from Household and Personal Care Industry
Higher olefins are majorly used for manufacturing surfactants, which have applications in household and personal care products. It is used as a chemical intermediate to manufacture products which are used for manufacturing household and personal care products such as skin care products, hair care products, and toiletries. Increase in population, rapid urbanization, and growing middle class income in countries, such as India, China, Vietnam, South Korea, Brazil, Russia, and Thailand, among others, has increased the demand for basic personal care products such as soaps, shampoos, and other personal care and household care products, therefore driving the demand for higher olefins during the forecast period.
Healthy Demand for Lubricant Additives
Higher Olefins are used in formulation in the lubricant additives for automotive lubricants and industrial lubricants. Lubricants are used in engine crankcase lubricants, hydraulic fluids, and gear oils, etc. Increase in demand of motor vehicles throughout the world and the subsequent rise in automotive manufacturing, especially in the Asia-Pacific, is fueling the demand for lubricant additives which in turn has been driving the higher olefin market during the forecast period.
Asia-Pacific to Dominate the Higher Olefins Market
Asia-Pacific holds the highest marker for higher olefins in 2017. The demand is mainly due to the increasing applications of higher olefins in surfactants, lubricant additives, paints & coatings, and agricultural chemicals in the region. China is the largest lubricant consumer in the region, which, in turn, has been affecting the lubricant purchasing patterns, primarily due to a modernization of equipment and fleets. Furthermore, with the increase in power generation, the demand for lubricants used in the power plants, such as, synthetic oil, lubricating oil, and others, is expected to increase the demand for higher olefins in the region during the forecast period.
Higher Olefins Market Major Players
- Royal Dutch Shell plc.
- Exxon Mobil Corporation,
- LION IDEMITSU COMPOSITES CO.,LTD.
Reason to purchase Higher Olefins Market Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The application that is expected to dominate the market
- The region that is expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. EXECUTINVE SUMMARY
3. MARKET INSIGHTS
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
4. MARKET DYNAMICS
4.1 Higher Olefins Market Drivers
4.1.1 No Substitute for HPA in the Production of Synthetic Sapphire
4.1.2 Increasing Adoption of LED Bulbs over the Conventional Bulbs
4.1.3 Technological Advancement Leading to Increase In Application
4.2 Higher Olefins Market Restraints
4.2.1 Higher Cost of Production
4.2.2 Other Restraints
4.3 Higher Olefins Market Opportunities
4.3.1 Commercialization of Hydrochloric Acid Leaching Production Technique
4.3.2 Other Opportunities
5. MARKET SEGMENTATION AND ANALYSIS
5.1 Higher Olefins Market By Grade Type
5.1.1 4N HPA
5.1.2 5N HPA
5.1.3 6N HPA
5.2 Higher Olefins Market By Technology
5.2.2 Hydrochloric Acid Leaching (HCL)
5.3 Higher Olefins Market By Application
5.3.2 Electronic Displays
5.3.4 Li-Ion Batteries
5.3.5 Automotive (Excluding Li-Ion Batteries)
6. Higher Olefins Market Regional Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific Higher Olefins Market (2018-2023)
6.1.1 China Higher Olefins Market (2018-2023)
6.1.2 India Higher Olefins Market (2018-2023)
6.1.3 Japan Higher Olefins Market (2018-2023)
6.1.4 South Korea Higher Olefins Market (2018-2023)
6.1.5 Rest of Asia-Pacific
6.2 Europe Higher Olefins Market (2018-2023)
6.2.1 Germany Higher Olefins Market (2018-2023)
6.2.2 United Kingdom Higher Olefins Market (2018-2023)
6.2.3 France Higher Olefins Market (2018-2023)
6.2.4 Spain Higher Olefins Market (2018-2023)
6.2.5 Italy Higher Olefins Market (2018-2023)
6.2.6 Rest of Europe
6.3 North America Higher Olefins Market (2018-2023)
6.3.1 United States Higher Olefins Market (2018-2023)
6.3.2 Canada Higher Olefins Market (2018-2023)
6.3.3 Mexico Higher Olefins Market (2018-2023)
6.3.4 Rest of North America
6.4 South America Higher Olefins Market (2018-2023)
6.4.1 Brazil Higher Olefins Market (2018-2023)
6.4.2 Argentina Higher Olefins Market (2018-2023)
6.4.3 Rest of South America
6.5 Middle East & Africa Higher Olefins Market (2018-2023)
6.5.1 Saudi Arabia Higher Olefins Market (2018-2023)
6.5.2 South Africa Higher Olefins Market (2018-2023)
6.5.3 Rest of Middle East & Africa
7. Higher Olefins Market Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Higher Olefins Market Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Altech Chemicals Ltd.
8.2 Baikowski Pure Solutions
8.3 Dalian Hiland Photoelectric Material Co., Ltd
8.4 Nippon Light Metal Holdings Company, Ltd.
8.5 Orbite Technologies Inc.
8.7 Sasol Ltd.
8.8 Sumitomo Chemical Co., Ltd.
8.9 Xuan Cheng Jing Rui New Material Co. Ltd.
8.10 Zibo Honghe Chemical Co. Ltd.
*List Not Exhaustive
**Subject to Feasibility & Availability on Public Domain