Global Green Olefins Market: Valued at USD XX Billion in 20YY & to Achieve 14% CAGR in 2025-32
As per the research report by Report Cube, the Global Green Olefins Market size was valued at nearly USD XX billion in 20YY, and is estimated to grow at a CAGR of about 14% during the forecast period, 2025-32.
The global need for greener & cleaner industrial fluids, along with strict emission laws in both developed & emerging countries, is predicted to fuel significant growth in the market over the course of the projected period. As the world's demand for crude oil & its derivatives rises, the sector is also foreseen to be driven by a growth in the use of internal olefins in oil drilling & related activities. These elements have therefore ensured the market's continuous expansion.
Moreover, olefins like polyethylene (PE) & polypropylene (PP) are used extensively in the production of non-woven textiles, which are then employed in protective clothing, personal hygiene products, and geotextile. They are also utilized in the production of the coating materials that are applied to textiles. The coatings offer flame, water, and UV radiation protection. Thus, olefins are used extensively in the production of textiles for outdoor clothing. The global market for green olefins is also being driven by the requirement to reduce carbon emissions, the demand for more sustainable industrial processes, and growing environmental concerns.
Furthermore, as growing nations, including Asia-Pacific, Latin America, and the Middle East become more industrialized & urbanized, there is an upscaled need for building materials, most of which are derived from olefins. These materials include insulation, plastic pipes, flooring, and other construction components. Also, for the construction of infrastructure, olefin-based products, particularly polyvinyl chloride, or PVCare essential. The automobile sector is typically the one driving the need for olefins, particularly for polypropylene, which is highly sought after for its cost-effectiveness, use, and resilience in bumpers & car interiors, among other automotive components, further states the research study, Green Olefins Market Analysis, 2025.
Analyzing the Green Olefins Market Segmentation
Ethylene to Dominate the Green Olefins Market
By type, the Green Olefins Market is bifurcated into: Ethylene, Propylene, Butadiene, and Butylene.
The Ethylene segment to uphold the potential share of the Green Olefins Market. Ethylene is an essential part of the petrochemical sector & is also getting greener owing to its several industrial applications. Bioethanol or plant-based feedstock are examples of renewable resources used to make this environmentally friendly form of ethylene. Also, ethylene, especially polyethylene, one of the most broadly utilized plastics in the world & a crucial raw element for the manufacture of plastics, is utilized in films, packaging, and containers.
North America to Dominate the Global Green Olefins Market
North America captured the biggest revenue share in the Global Green Olefins Market during 2023 and would remain prominent throughout the projected years as well. The requirement for green olefins in North America is being compelled by growing consumer understanding of environmental sustainability, the adoption of policies by governments, such as the US & Canada to encourage a bio-based economy, and the growing commitment of corporate industries to employ sustainable raw materials.
Green Olefins Market Companies Analysis
With the strategic analysis & market study the leading companies, including 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, are predicted to contribute in the growing market outlook.