Market Overview:
The global higher olefins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for higher olefins in various applications such as LEDs, electronic displays, semiconductors, Li-ion batteries and others. In terms of region, North America is expected to lead the global higher olefins market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Higher Olefins are a type of olefin. They are made up of carbon and hydrogen atoms, and they have at least one double bond in their structure. Higher Olefins are important because they can be used to make plastics and other chemicals.
Purity(4N):
Purity(4N) is a specialty grade polymer, which has been developed to meet the requirements of high olefins applications. It is manufactured by using ultra-purification technology and 4th generation chemical synthesis. Purity(4N) exhibits superior properties such as narrow molecular weight distribution, low viscosity at high temperature & pressure and good thermal stability compared to other conventional polymers.
Purity(5N):
Purity(5N) is a special grade of polyethylene with very low impurities. It has been developed to meet the specific requirements of the higher olefins market. Purity(5N) provides several benefits over conventional polyethylene including high molecular weight, low density, and ultra-low viscosity among others which results in better product performance in various applications such as packaging films and bottles, flexible & rigid pipes among others.
Application Insights:
The global higher olefins market is segmented by application into LEDs, electronic displays, semiconductors, lithium-ion batteries and others. The LED application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. Increasing demand for LEDs from end-use industries such as automotive and consumer electronics are expected to drive growth over the coming years.
Electronic displays were followed by LEDs in terms of volume in 2017 owing to increasing demand from various display applications such as LCD/LED TVs/monitors/projectors at a domestic level as well as an industrial level across various regions including Asia Pacific and North America. Semiconductor was followed by LED segments owing to high consumption of HIOs within integrated circuits which are used in numerous electronic devices including smartphones among other digital products globally.
Regional Analysis:
Asia Pacific is expected to witness the fastest growth over the forecast period owing to increasing demand for higher olefins from various end-use industries such as LEDs, electronics, and automotive. The presence of major chemical manufacturing companies in China and India are also likely to boost product demand.
The market in Europe was dominated by Li-ion battery manufacturers such as Panasonic Corporation; South Korea based LG Chem Ltd.; Samsung SDI Co., Ltd.; and others who have a strong presence across this region. These players are focusing on capacity expansion through new investments especially after Li-ion battery capacity utilization rates reached its peak in 2016 with about 95%. Capacity utilization rates for Li-ion batteries continue to decline since then which is expected would reduce available supply further driving up prices for these batteries over the next eight years.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction and packaging
- Growing demand for polyolefins in Asia Pacific region
- Rising crude oil prices that are encouraging the production of higher olefins
- Technological advancements in Olefin Metathesis catalysts
- Expansion of refining capacity
Scope Of The Report
Report Attributes
Report Details
Report Title
Higher Olefins Market Research Report
By Type
Purity(4N), Purity(5N), Purity(6N)
By Application
LEDs, Electronic Displays, Semiconductors, Li-Ion Batteries, Others
By Companies
Altech Chemicals, Baikowski Pure Solutions, Shell, ExxonMobil, Sinopec, Dalian Hiland Photoelectric Material, Nippon Light Metal Holdings Company, Orbite Technologies, Rusal, Sasol, Sumitomo Chemical, Xuan Cheng Jing Rui New Material, Zibo Honghe Chemical
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Higher Olefins Market Report Segments:
The global Higher Olefins market is segmented on the basis of:
Types
Purity(4N), Purity(5N), Purity(6N)
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
LEDs, Electronic Displays, Semiconductors, Li-Ion Batteries, Others
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:
- Altech Chemicals
- Baikowski Pure Solutions
- Shell
- ExxonMobil
- Sinopec
- Dalian Hiland Photoelectric Material
- Nippon Light Metal Holdings Company
- Orbite Technologies
- Rusal
- Sasol
- Sumitomo Chemical
- Xuan Cheng Jing Rui New Material
- Zibo Honghe Chemical
Highlights of The Higher Olefins 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:
- Purity(4N)
- Purity(5N)
- Purity(6N)
- By Application:
- LEDs
- Electronic Displays
- Semiconductors
- Li-Ion Batteries
- Others
- 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 Higher Olefins 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
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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?
Higher Olefins is a term used to describe molecules with more than 20 carbon atoms.
Some of the major companies in the higher olefins market are Altech Chemicals, Baikowski Pure Solutions, Shell, ExxonMobil, Sinopec, Dalian Hiland Photoelectric Material, Nippon Light Metal Holdings Company, Orbite Technologies, Rusal, Sasol, Sumitomo Chemical, Xuan Cheng Jing Rui New Material, Zibo Honghe Chemical.
The higher olefins market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Higher Olefins Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Higher Olefins Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Higher Olefins Market - Supply Chain
4.5. Global Higher Olefins Market Forecast
4.5.1. Higher Olefins Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Higher Olefins Market Size (000 Units) and Y-o-Y Growth
4.5.3. Higher Olefins Market Absolute $ Opportunity
5. Global Higher Olefins Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Higher Olefins Market Size and Volume Forecast by Type
5.3.1. Purity(4N)
5.3.2. Purity(5N)
5.3.3. Purity(6N)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Higher Olefins Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Higher Olefins Market Size and Volume Forecast by Application
6.3.1. LEDs
6.3.2. Electronic Displays
6.3.3. Semiconductors
6.3.4. Li-Ion Batteries
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Higher Olefins Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Higher Olefins Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Higher Olefins Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Higher Olefins Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Higher Olefins Demand Share Forecast, 2019-2026
9. North America Higher Olefins Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Higher Olefins Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Higher Olefins Market Size and Volume Forecast by Application
9.4.1. LEDs
9.4.2. Electronic Displays
9.4.3. Semiconductors
9.4.4. Li-Ion Batteries
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Higher Olefins Market Size and Volume Forecast by Type
9.7.1. Purity(4N)
9.7.2. Purity(5N)
9.7.3. Purity(6N)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Higher Olefins Demand Share Forecast, 2019-2026
10. Latin America Higher Olefins Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Higher Olefins Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Higher Olefins Market Size and Volume Forecast by Application
10.4.1. LEDs
10.4.2. Electronic Displays
10.4.3. Semiconductors
10.4.4. Li-Ion Batteries
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Higher Olefins Market Size and Volume Forecast by Type
10.7.1. Purity(4N)
10.7.2. Purity(5N)
10.7.3. Purity(6N)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Higher Olefins Demand Share Forecast, 2019-2026
11. Europe Higher Olefins Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Higher Olefins Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Higher Olefins Market Size and Volume Forecast by Application
11.4.1. LEDs
11.4.2. Electronic Displays
11.4.3. Semiconductors
11.4.4. Li-Ion Batteries
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Higher Olefins Market Size and Volume Forecast by Type
11.7.1. Purity(4N)
11.7.2. Purity(5N)
11.7.3. Purity(6N)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market AttractivenessGrowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Higher Olefins Demand Share, 2019-2026
12. Asia Pacific Higher Olefins Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Higher Olefins Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Higher Olefins Market Size and Volume Forecast by Application
12.4.1. LEDs
12.4.2. Electronic Displays
12.4.3. Semiconductors
12.4.4. Li-Ion Batteries
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Higher Olefins Market Size and Volume Forecast by Type
12.7.1. Purity(4N)
12.7.2. Purity(5N)
12.7.3. Purity(6N)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Higher Olefins Demand Share, 2019-2026
13. Middle East & Africa Higher Olefins Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Higher Olefins Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Higher Olefins Market Size and Volume Forecast by Application
13.4.1. LEDs
13.4.2. Electronic Displays
13.4.3. Semiconductors
13.4.4. Li-Ion Batteries
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Higher Olefins Market Size and Volume Forecast by Type
13.7.1. Purity(4N)
13.7.2. Purity(5N)
13.7.3. Purity(6N)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Higher Olefins Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Higher Olefins Market: Market Share Analysis
14.2. Higher Olefins Distributors and Customers
14.3. Higher Olefins Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Altech Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baikowski Pure Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ExxonMobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sinopec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dalian Hiland Photoelectric Material
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Light Metal Holdings Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Orbite Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rusal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sasol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sumitomo Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xuan Cheng Jing Rui New Material
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zibo Honghe Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
