Green Olefins Market Overview: Driving Forces Behind Rapid Growth & Expansion

MarkNtel Advisors analyses the growth rate of the Green Olefins market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Green Olefins market, helping them make informed decisions.

Market Outlook – 2024-2030:

The Global Green Olefins Market is estimated to grow at a CAGR of around 13.66% during the forecast period, i.e., 2024–30. The demand for green olefins witnessed a notable rise globally during the past years due to increasing awareness of environmental sustainability, stringent regulations promoting eco-friendly practices, and a growing preference for renewable & bio-based materials. Industries across various sectors, including plastics, chemicals, consumer goods, etc., sought to reduce their carbon footprint & dependence on fossil fuels.

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Key Company Profiles

This report explores recent significant developments in the Green Olefins Market, focusing on the leading companies and their innovative profiles. The major players in the Green Olefins Market, featured in this report, include:

Archer Daniels and Midland Company (ADM)
Braskem
New Energy Blue
SABIC
Oleon NV
BASF
Gevo
India Glycols Limited
Occidental Petroleum Corporation (Oxy Low Carbon Ventures)
Neste
Chevron Phillips Chemical Company LLC
Others

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Green Olefins Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type
- Ethylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Propylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Butadiene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Butylene- Market Size & Forecast 2019-2030, USD Million & Kilo Tons

Ethylene serves as a highly versatile foundation for a broad spectrum of industrial applications, encompassing plastics, packaging materials, solvents, and synthetic fibers.

By Feedstock
- Sugarcane- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Corn- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Sugar Beats- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Green Methanol (Bio-methanol) – Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Bio-Naptha- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others (Sweet Sorghum, Lignocellulosic, etc.)- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Application
- Synthetic Lubricants- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Detergent Alcohol- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Cosmetics- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Plasticizers- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Adhesives- Market Size & Forecast 2019-2030, USD Million & Kilo Tons
- Others – Market Size & Forecast 2019-2030, USD Million & Kilo Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

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What are the primary factors driving the growth of the Green Olefins market?

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.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.