Global Green Olefins Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Green Olefins Market Industry (2024-2030):

According to the latest report, the Global Green Olefins Market is estimated to grow at a CAGR of around 13.66% during the forecast period, i.e., 2024–30. The report demonstrates the prominent factors propelling the exponential growth of the Global Green Olefins Market.



Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 13.66%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Download a sample PDF of this report to gain insights into the complete report structure : https://www.marknteladvisors.com/query/request-sample/green-olefins-market.html

What are the major Driver the Global Green Olefins Market industry?

 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.

Global Green Olefins Market Segmentation

The Global Green Olefins Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

·        By Type

o   Ethylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Propylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Butadiene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Butylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

·        By Feedstock

o   Sugarcane- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Corn- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Sugar Beats- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Green Methanol (Bio-methanol) - Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Bio-Naptha- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Others (Sweet Sorghum, Lignocellulosic, etc.)- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

·        By Application

o   Synthetic Lubricants- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Detergent Alcohol- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Cosmetics- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Plasticizers- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Adhesives- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

o   Others - Market Size & Forecast 2019-2030, USD Million & Kilo Tons

·        By Region

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

As per the regional aspect, the Global Green Olefins Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report- https://www.marknteladvisors.com/research-library/green-olefins-market.html

Top Companies in the Global 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

Global Green Olefins Industry Recent Development:

  • 2023: Archer Daniels and Midland Company (ADM) acquired Prairie Pulse Inc., the owner of a pulse crop processing facility in Vanscoy, Saskatchewan, Canada. This move aligns with ADM's commitment to supporting Canadian pulse growers by offering tools, resources, and technology partnerships to enhance sustainable farming practices and facilitate access to global markets.
  • 2023: BASF collaborated with SABIC and Linde to build a large-scale facility to showcase the feasibility of using electricity instead of fossil fuels to power steam crackers, potentially reducing emissions by 90% in chemical processing. This initiative aims to demonstrate a significant step towards decarbonizing the core processes of chemical production

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Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

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