Pune, India, May, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Light Olefins Research Report.
Market Highlights:
Global light olefins market is predicted to grow at a healthy CAGR to reach USD 475.8 million by the end of 2030. Shifting trends towards the use of plastic products instead of traditional products such as steel, metal, and wood is likely to propel the market growth during the review period 2022-2030.
Segment Analysis
MRFR in its report has offered a segmental analysis of the market based on product type, application, and region.
Based on the product type, the market is bifurcated into ethylene and propylene. The ethylene accounted for the largest market share of 60% in 2016 with a market value of USD 152.7 billion and is estimated to grow at a CAGR of 5.78% during the review period.
On the basis of 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 acetate monomer. Polyethylene accounted for the largest market share of 37% in 2016, with a market value of USD 94.1 billion in and is expected to grow at a CAGR of around 5.09% during the review period.
Based on the application, the market is segmented into chemical commodities and refinery. The chemical commodities accounted for the largest market share of 66% in 2016 with a market value of USD 166.9 billion and are projected to grow at a CAGR of 5.91% over the forecast period. Geographically, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Regional Analysis
Regionally, light olefins market is spanned across five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the global light olefins market in 2016 by holding 40% value share and is expected to grow at a healthy CAGR of 6.22% during the review period. North America was the second largest region in the global market and was valued at USD 151.1 billion in 2016 and is estimated to grow at a CAGR of 5.6% over the forecast period. The other emerging markets such as Latin America and the Middle East & Africa seems to observe a healthy market trend as Asia Pacific.
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Report details
| Base Year | 2018 |
| Companies Covered | 15 |
| Pages | 115 |
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