The olefins market is anticipated to rise rapidly over the forecast period, due to rising global demand for greener and cleaner industrial fluids and increasingly stringent emission restrictions in a number of developed and developing economies. Furthermore, as worldwide demand for crude oil and its derivatives grows, the market is expected to be driven by an increase in the use of internal olefins in oil drilling and related activities. As a result, these determinants have assured the increased expansion of market.
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Ethylene, Propylene, Butadiene, Butylene, Others), Product Type (Olefin Glycols, Olefin Oxides, Ethylbenzene, Polyolefins, Cumene), Application (Polyethylene, Detergent Alcohol, Synthetic Lubricants, Plasticizers, Cosmetics, Adhesives, Others), Distribution Channel (Distributors, Wholesale) – Industry Trends and Forecast to 2032.
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The Global Olefins Market size was valued at USD 275.85 USD Billion in 2024.
The Global Olefins Market is projected to grow at a CAGR of 4.75% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
