Market Overview:
The global oleum market is expected to grow at a CAGR of 3.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oleum from the chemical industry and fertilizer industry. In terms of type, the 20% oleum segment is expected to lead the global market during the forecast period, owing to its low price and high purity levels. In terms of application, the chemical industry segment is projected to leadthe global market duringthe forecast period, owingtoits growing demand for sulfuric acid and other chemicals.
Product Definition:
Oleum is a Latin word meaning "oil." Oleum is used to refer to various oils, including olive oil, mineral oil, and petroleum oil.
20% Oleum:
20% oleum is a colorless and highly flammable liquid. It has a strong odor similar to that of gasoline. It is produced by the catalytic cracking of ethylene at 200-degree temperature and pressure in the presence of hydrogen or steam. 20% oleum can also be produced by direct hydration of ethylene at 80 degrees Celsius with no catalyst, but this process takes longer than the catalytic method as there is no chemical reaction to accelerate the process.
25% Oleum:
25% oleum is a colorless and highly flammable liquid used in the production of polyolefin resins. It is also used as an intermediate for manufacturing various chemicals such as ethylene glycols, propylene glycols, and vinyl chloride monomer (VCM). Owing to its low boiling point; it can be easily added to other chemical compounds which increases its application scope significantly.
Application Insights:
The other application segment includes paints and coatings, adhesives and sealants, printing inks, leather treatment oils and fats & waxes. Oleum is widely used in paints and coatings as it helps to reduce the surface tension between two surfaces which are likely to be in contact with each other. The chemical industry is one of the largest consumers of oleum as it is used for manufacturing various chemicals including aromatics hydrocarbons polymers resins etc. Other major applications include agricultural chemicals fertilizer oil processing etc.
Fertilizer industry was the largest consumer of oleum accounting for over 25% share globally in terms of volume consumed annually during 2015-16 due to its ability to improve soil productivity through enhanced nitrogen fixation capabilities coupled with improved water holding capacity thereby promoting plant growth across various agro-based activities worldwide.
Regional Analysis:
North America dominated the global oleum market in 2017. The region is expected to witness a growth rate of 3.8% over the forecast period, owing to increasing demand for fertilizers and other agrochemicals in North America.
The Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to rapid industrialization.
Europe was valued at USD X million in 2017 and is projected grow at a CAGR of XX% from 2018 till 2030 due high consumption volume generated by chemical manufacturing industry across European countries such as Germany, France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, adhesives & sealants, and lubricants is expected to drive the Oleum market growth.
- Rising awareness about the benefits of Oleum among consumers is projected to boost the market growth in the near future.
- Growing investments by key players in research and development activities for product innovation is likely to propel the market growth over the forecast period.
- Expansion of distribution networks by manufacturers across various regions is anticipated to fuel demand for Oleum products in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oleum Market Research Report
By Type
20% Oleum, 25% Oleum, 30% Oleum
By Application
Chemical Industry, Fertilizer Industry, Other
By Companies
Sumitomo Chemical, Solvay, PQ Corporation, Two Lions (Zhangjiagang) Fine Chemicals, Shandong Xingda Chemical, Pingmei Shenma, Tongling Chemical Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Oleum Market Report Segments:
The global Oleum market is segmented on the basis of:
Types
20% Oleum, 25% Oleum, 30% Oleum
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Fertilizer Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sumitomo Chemical
- Solvay
- PQ Corporation
- Two Lions (Zhangjiagang) Fine Chemicals
- Shandong Xingda Chemical
- Pingmei Shenma
- Tongling Chemical Industry
Highlights of The Oleum Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 20% Oleum
- 25% Oleum
- 30% Oleum
- By Application:
- Chemical Industry
- Fertilizer Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oleum Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oleum is a Latin word meaning oil.
Some of the major companies in the oleum market are Sumitomo Chemical, Solvay, PQ Corporation, Two Lions (Zhangjiagang) Fine Chemicals, Shandong Xingda Chemical, Pingmei Shenma, Tongling Chemical Industry.
The oleum market is expected to register a CAGR of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oleum Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oleum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oleum Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oleum Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oleum Market Size & Forecast, 2020-2028
4.5.1 Oleum Market Size and Y-o-Y Growth
4.5.2 Oleum Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 20% Oleum
5.2.2 25% Oleum
5.2.3 30% Oleum
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Fertilizer Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oleum Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oleum Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 20% Oleum
9.6.2 25% Oleum
9.6.3 30% Oleum
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Fertilizer Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 20% Oleum
10.6.2 25% Oleum
10.6.3 30% Oleum
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Fertilizer Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 20% Oleum
11.6.2 25% Oleum
11.6.3 30% Oleum
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Fertilizer Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 20% Oleum
12.6.2 25% Oleum
12.6.3 30% Oleum
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Fertilizer Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 20% Oleum
13.6.2 25% Oleum
13.6.3 30% Oleum
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Fertilizer Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oleum Market: Competitive Dashboard
14.2 Global Oleum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo Chemical
14.3.2 Solvay
14.3.3 PQ Corporation
14.3.4 Two Lions (Zhangjiagang) Fine Chemicals
14.3.5 Shandong Xingda Chemical
14.3.6 Pingmei Shenma
14.3.7 Tongling Chemical Industry
