The Green Olefins Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of Green Olefins market 2030?
The Global Green Olefins Market is estimated to grow at a CAGR of around 13.66% during the forecast period, i.e., 2024–30.
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Who are the top companies operating in the Green Olefins market?
The report features prominent companies operating in the Green Olefins market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in Green Olefins market: Archer Daniels and Midland Company (ADM), BASF, Neste, Braskem, New Energy Blue, SABIC, Oleon NV, Gevo, India Glycols Limited, Occidental Petroleum Corporation (Oxy Low Carbon Ventures), Chevron Phillips Chemical Company LLC, and others.
What is the key factor projected to fuel growth in the Green Olefins Market between 2024 and 2030?
Increasing Application of Sustainable Energy Practices in the Automotive Sector – The automotive industry is increasingly focusing on lightweight vehicles to enhance fuel efficiency and reduce emissions. Green olefins, as bio-based materials, offer a sustainable alternative for producing lightweight components, contributing to the industry's efforts to meet regulatory standards. The rising adoption of eco-friendly fuel solutions by automotive industries to reduce carbon emissions is predicted to elevate the demand for green olefins over the next few years. For instance:
- In 2023, Michelin received the Automotive Innovations Award 2023 in the ‘Chassis, Car Body, & Exterior’ category for its road-approved car tires containing around 45% sustainable materials.
Thus, green olefins, mainly butadiene, are used in the production of bio-based plastics for interior components such as dashboards, door panels, tires, and trims. These bio-based materials provide an eco-friendly alternative to traditional plastics derived from fossil fuels. As the automotive sector embraces the imperative to cut carbon footprints, green olefins emerge as a crucial enabler of this transition.
Green Olefins Market - Segmentation Analysis
- By Type (Ethylene, Propylene, Butadiene, Butylene)
- By Feedstock (Sugarcane, Corn, Sugar Beats, Green Methanol [Bio-methanol], Bio-Naptha, Others)
- By Application (Synthetic Lubricants, Detergent Alcohol, Cosmetics, Plasticizers, Adhesives, Others) and others
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How does the Green Olefins Market vary across different geography?
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America accounted for a maximum revenue share in the Global Green Olefins Market in 2023 and would continue to dominate the market in the forecast years as well.
This Section cover detailed analysis of revenue, market share and growth rate, historical data (2019-22) and forecast (2024-2030) of the following segmentation and geography.
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Comprehensive Table of Contents – Green Olefins Market Analysis and Forecast, 2030
- Table 1: Introduction
- Table 2: Executive Summary
- Table 3: Market Regulations, Policies & Standards
- Table 4: Green Olefins Market Size, Share & Scope, 2020-2030F
- Table 5: Market Trends & Developments
- Table 6: Market Dynamics (Key Drivers, and Challenges)
- Table 7: Market Hotspots & Opportunities
- Table 8: Market Value Chain Analysis
- Table 9: Market Outlook, 2020-2030F
- Table 10: Market Size & Analysis by Revenues (USD Million):
- Table 11: Market Size & Forecast 2020–2030 by Segmentation
- Table 12: Market Size & Forecast 2020–2030 by Geography
- Table 13: Key Strategic Imperatives for Success & Growth
- Table 14: Competitor Analysis of Green Olefins Companies
Key Benefits for Industry Participants and Stakeholders
- Insight into emerging market trends and investment opportunities
- Understanding of regional market dynamics and competitive landscapes
- Data-driven forecasts to support strategic decision-making
- Access to industry benchmarks for performance evaluation
- Identification of potential risks and growth challenges
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