The global Olefin Derivatives market was valued at US$ 72490 million in 2020 and it is expected to reach US$ 93030 million by the end of 2027, growing at a CAGR of 3.2% during 2021-2027.
Olefin derivatives are chemicals that are produced by further processing basic olefins. The olefins derivatives market does not include poly-olefins. Olefin derivatives are manufactured by employing various Industry chemical processing methods such as chlorination, oxidation, and ammoxidation of olefins. Olefin derivatives are some key Industry chemicals and also act as raw materials for producing other chemical products. Olefin derivatives market includes acrylonitrile, ethylene oxide, propylene glycol, butanol, etc.
The use of acetonitrile in pharmaceutical products is increasing rapidly. This is primarily driven by the introduction of advanced pharmaceutical products and improved standards of living in Industryized countries. Acetonitrile is used as a basic raw material for synthesizing vitamins A and B1, sulfa pyrimidine, cortisone, carbonate drugs, and some amino acids. Additionally, it is also used as an important solvent in the pharmaceutical industry, with applications as a reagent, reaction solvent and extraction solvent. For instance, acetonitrile is used as an extraction solvent in the production of insulin and antibiotics (third-generation cephalosporins).
Global Olefin Derivatives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Olefin Derivatives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Mitsubishi Chemical, China National Petroleum, Repsol, Ineos Holdings Luxembourg, China Petroleum & Chemical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-olefin-derivatives-market-outlook
Segment by Type
- Acrylonitrile
- Ethylene Oxide
- Propylene Glycol
- Butanol
- Others
Segment by Application
- Pharmaceutical
- Industrial
Table of Content:
1 Olefin Derivatives Market Overview
2 Olefin Derivatives Market Competition by Manufacturers
3 Olefin Derivatives Retrospective Market Scenario by Region
4 Global Olefin Derivatives Historic Market Analysis by Type
5 Global Olefin Derivatives Historic Market Analysis by Application
6 Key Companies Profiled
7 Olefin Derivatives Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Olefin Derivatives Market Dynamics
10 Global Olefin Derivatives Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.