Global Green Olefins Market
Source: The Report Cube
Understand The Key Trends Shaping This Market
Download Free SampleGreen Olefins Market Insights & Analysis
The Global Green Olefins Market is anticipated to register a CAGR of around 14% during the forecast period, i.e., 2025-32. Also, the market size was valued at nearly USD 502.65 billion by 2032. Owing to the global demand for cleaner & greener industrial fluids as well as stricter emission regulations in both developed & emerging nations, the Olefins Market is predicted to upscale substantially over the forecast period. Additionally, an uptick in the application of internal olefins in oil drilling & associated operations is projected to propel the industry as the need for crude oil & its derivatives increases globally. Consequently, these factors have guaranteed the market’s continued growth. They are also very resilient to dampness and quite robust, which makes them a great option for the textile industry. In this market, the manufacturer of fiber is one of Olefin’s most popular uses.
The manufacturing of non-woven textiles, which find further uses in protective apparel, personal hygiene products, and geotextile, involves the substantial usage of olefins like polyethylene (PE) & polypropylene (PP). The coating materials that are put over fabrics are likewise produced using them. Water, UV radiation protection, and flame are offered by the coatings. Therefore, the manufacturing of textiles for outdoor clothes heavily uses olefins. Also, the growing environmental concerns, the requirement to cut carbon emissions, and the desire for more sustainable industrial processes are driving the Global Green Olefins Market.
Additionally, one of the most important elements in the shift to a more sustainable & circular economy is green olefins, which are employed to produce a broad range of goods, including chemicals, synthetic rubber, and plastics. Further, aspects driving the need for green olefins in recent years have included improvements in bio-refining technologies, government programs endorsing eco-friendly substitutes, and a change in customer attitudes toward sustainable economic methods. Moreover, there is a steady upscale in pre- & post-consumer waste, which is causing concerns about efficient waste management. Often ending up in landfills & the water, plastic containers, and other packaging materials, along with cosmetics, disturb both marine & terrestrial environments.
Hence, industrial producers as well as the governments of numerous economies, such as China, the US, Brazil, the UK, etc., are eagerly embracing bio-based olefins in diverse forms to facilitate the circular economy. Furthermore, producers of bio-olefins are raising their businesses to produce bio-olefins for usage in the tire industry. This has the dual advantage of reducing tire waste after consumption & emissions during production. Therefore, it is projected that enhancing the methods by which industrial producers use sustainable raw materials for industrial producers’ usage sustainable raw materials for industrial processing would favorably influence the Global Green Olefin Market between 2025-32.
Green Olefins Market Dynamics
- Industrial & Infrastructure Expansion to Thrive the Olefin Market
The need for building materials, the majority of which are generated from olefins, is rising owing to increasing industrialization & urbanization in developing regions, including Asia-Pacific, Latin America, and the Middle East. These supplies include flooring, insulation, plastic pipes, and other building elements. Products made from olefins, especially polyvinyl chloride (PVC), are crucial for infrastructure construction. The need for olefins is generally driven by the automotive sector, especially for polypropylene, which is highly valued for its affordability, application, and durability in car interiors & bumpers among other automotive components.
Additionally, the automobile industry's need for olefins keeps growing as the world’s car production capacity rises. Infrastructure initiatives, including constructing homes, businesses, and industries, are receiving significant funding from emerging economies. Olefins are found in several products that are necessary for contemporary building, like adhesives, waterproof membranes, insulating compounds, and roofing.
- Great Capital Investment & Technical Issues to Hinder the Industry Expansion
Large capital expenditures in infrastructure, technology, and machinery are necessary to produce olefins, especially when using methods such as steam cracking. The substantial up-front expenses associated with constructing & operating olefin manufacturing plants might act as a barrier to entry for new market competitors due to the lengthy payback period. It is especially challenging for small businesses to compete with large ones, and more established manufacturers owing to this capital intensity.
Moreover, the necessity for development in olefin manufacturing methods is elevating as environmental rules become more significant & market demands change. The environmental impact of olefin production is being investigated with the usage of technologies, such as carbon capture and storage (CCS), renewable feedstock (like bio-olefins), and catalytic cracking. The R&D necessary to commercialize these technologies is expensive & time-consuming. Also, to make issues more complicated, the adoption of these new technologies has the potential to disrupt supply chains & production processes that at recent times in place.
- Olefin-linked COFs to Provide a Wide Range of Opportunities for Hydrogen Fuel Cell Applications
Covalent Organic Frameworks (COFs) connected by olefins have potential uses in hydrogen fuel cells, especially as proton conductors & catalytic supports. These substances are great choices for improving the functionality & effectiveness of hydrogen fuel cells owing to their large surface areas, customizable pore shapes, and resilience. The COF-based materials for hydrogen fuel cell applications offer the Green Olefins Market significant chances to broaden its product portfolio & take market share from emerging industries as the need for clean energy solutions arises.
Furthermore, the attempt for environmentally friendly olefin-linked COF synthesis for hydrogen fuel applications stimulates creativity in a variety of fields, such as government research institutes, businesses, and universities. The Green Olefins Industry is presumed to upscale technological innovation & market growth in the following years by expediting the development & commercialization of COF-based materials through the utilization of interdisciplinary resources & skills.
Green Olefins Market Segment-wise Analysis
By Type:
- Ethylene
- Propylene
- Butadiene
- Butylene
Ethylene captures the potential share of the Green Olefins Market. An essential component of the petrochemical sector, ethylene is also becoming more & more green as a result of its wide range of industrial uses. This green version of ethylene is made from renewable resources such as bioethanol or plant-based feedstock. The vital raw material for the production of plastics is ethylene, particularly polyethylene (used in films, packaging, and containers), one of the world’s most popular plastics.
Furthermore, green ethylene is being produced & used more frequently as a result of the rising demand for environmentally friendly substitutes for petrochemical-based ethylene, especially in industries where sustainability is a top priority, such as automotive, construction, and packaging. Green ethylene is made from organic materials like sugarcane, corn, and other plant-based sources of bioethanol. Owing to this, the manufacturing method is far more environmentally friendly than that of conventional ethylene, which depends on fossil fuels.
By Feedstock:
- Sugarcane
- Corn
- Sugar Beats
- Green Methanol (Bio-methanol)
- Bio-Naphtha
- Others (Sweet Sorghum, Lignocellulosic, etc.)
Both Corn & Sugarcane are common feedstocks for the synthesis of green oléfins, and each has unique benefits and drawbacks. Particularly in the US, China, Brazil, and other nations, sugarcane is a key source of bioethanol, which is a precursor to green olefins. Sugarcane's high sugar content makes bio-refining processes more efficient, and Brazil's well-established sugarcane sector places it in a leading position in the world's production of green olefins. However, it is crucial to look at sustainable procedures and alternative feedstocks due to worries about how they may affect land use and food supplies.
Regional Projection of the Global Green Olefins Industry
The Global Green Olefins Market is geographically diversified, covering:
- North America
- Europe
- South America
- The Middle East & Africa
- Asia-Pacific
North America accounted for a maximum revenue share in the Global Green Olefins Market in 2023 and would continue to dominate the market in the forecast years as well. The growing consumer awareness regarding environmental sustainability, the implementation of initiatives by the governments of countries like the US & Canada to promote a bio-based economy, and the rising commitment of the corporate industries to use sustainable raw materials are enhancing the demand for green olefins in North America.
In recent years, there has been an increase in the environmental awareness programs launched by the governments of countries like the US & Canada to educate individuals about growing environmental issues and climate change. As a result, individuals have become more conscious and increasingly demanding eco-friendly and sustainable products, including packaging, plastics, and consumer goods.
What Does Our Global Green Olefins Market Research Study Entail?
- Global Green Olefins Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- Global Green Olefins Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- Global Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Type
- Ethylene
- Propylene
- Butadiene
- Butylene
- Market Share, By Feedstock
- Sugarcane
- Corn
- Sugar Beats
- Green Methanol (Bio-methanol)
- Bio-Naptha
- Others (Sweet Sorghum, Lignocellulosic, etc.)
- Market Share, By Application
- Synthetic Lubricants
- Detergent Alcohol
- Cosmetics
- Plasticizers
- Adhesives
- Others
- Market Share, By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Market Share, By Company
- Revenue Shares
- Competition Characteristics
- North America Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- By Country
- The US
- Canada
- Mexico
- The US Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Canada Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Mexico Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- South America Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Argentina Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Europe Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- By Type
- By Feedstock
- By Application
- By Country
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Germany Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- France Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- The UK Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Spain Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Italy Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- The Middle East & Africa Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- By Type
- By Feedstock
- By Application
- By Country
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- The UAE Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Saudi Arabia Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- South Africa Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Asia-Pacific Green Olefins Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- By Type
- By Feedstock
- By Application
- By Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- China Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- India Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Japan Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- South Korea Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Austraila Green Olefins Market Overview (2020-2032)
- Market Share, By Type
- Market Share, By Feedstock
- Market Share, By Application
- Competitive Outlook
- Archer Daniels and Midland Company (ADM)
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- BASF
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Neste
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Braskem
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- New Energy Blue
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- SABIC
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Oleon NV
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Gevo
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- India Glycols Limited
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Occidental Petroleum Corporation (Oxy Low Carbon Ventures)
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Chevron Phillips Chemical Company LLC
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- others
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Archer Daniels and Midland Company (ADM)
- Disclaimer
List of Figure
Figure 1.1 Global Green Olefins Market Size, By Value (2020-2032)
Figure 1.2 Global Green Olefins Market Share, By Type (Ethylene, Propylene, Butadiene, Butylene)
Figure 1.3 Global Green Olefins Market Share, By Feedstock (Sugarcane, Corn, Sugar Beets, etc.)
Figure 1.4 Global Green Olefins Market Share, By Application (Synthetic Lubricants, Detergent Alcohol, etc.)
Figure 1.5 Global Green Olefins Market Share, By Region (North America, Europe, Asia-Pacific, etc.)
Figure 1.6 Global Green Olefins Market Share, By Company Revenue
Figure 2.1 North America Green Olefins Market Size, By Value (2020-2032)
Figure 2.2 North America Market Share, By Type
Figure 2.3 North America Market Share, By Feedstock
Figure 2.4 North America Market Share, By Application
Figure 2.5 Country-wise Market Share: US, Canada, Mexico
Figure 3.1 US Green Olefins Market Share, By Type
Figure 3.2 US Green Olefins Market Share, By Feedstock
Figure 3.3 US Green Olefins Market Share, By Application
Figure 4.1 South America Green Olefins Market Size, By Value (2020-2032)
Figure 4.2 South America Market Share, By Type
Figure 4.3 South America Market Share, By Feedstock
Figure 4.4 South America Market Share, By Application
Figure 4.5 Country-wise Market Share: Brazil, Argentina, Rest of South America
Figure 5.1 Europe Green Olefins Market Size, By Value (2020-2032)
Figure 5.2 Europe Market Share, By Type
Figure 5.3 Europe Market Share, By Feedstock
Figure 5.4 Europe Market Share, By Application
Figure 5.5 Country-wise Market Share: Germany, UK, France, Spain, Italy
Figure 6.1 Middle East & Africa Green Olefins Market Size, By Value (2020-2032)
Figure 6.2 Middle East & Africa Market Share, By Type
Figure 6.3 Middle East & Africa Market Share, By Feedstock
Figure 6.4 Middle East & Africa Market Share, By Application
Figure 6.5 Country-wise Market Share: UAE, Saudi Arabia, South Africa
Figure 7.1 Asia-Pacific Green Olefins Market Size, By Value (2020-2032)
Figure 7.2 Asia-Pacific Market Share, By Type
Figure 7.3 Asia-Pacific Market Share, By Feedstock
Figure 7.4 Asia-Pacific Market Share, By Application
Figure 7.5 Country-wise Market Share: China, India, Japan, South Korea, Australia
Figure 8.1 Competitive Landscape: Revenue Shares of Key Companies
Figure 8.2 Strategic Alliances and Partnerships Overview Among Leading Players
Figure 8.3 Recent Developments Timeline for Major Companies
List of Table
Table 1.1 Study Objectives and Scope
Table 1.2 Product Definitions and Specifications
Table 1.3 Market Segmentation Framework
Table 1.4 Key Study Variables
Table 1.5 Research Methodology Overview
Table 1.6 Secondary Data Sources
Table 1.7 Companies Interviewed During Primary Research
Table 1.8 Primary Data Points and Data Collection Details
Table 1.9 Breakdown of Primary Interviews by Type and Region
Table 2.1 Global Green Olefins Market Revenue Forecast (2020-2032)
Table 2.2 Market Size by Type (USD Billion)
Table 2.3 Market Share by Feedstock (Percentages)
Table 2.4 Application-wise Market Size and Forecast
Table 2.5 Regional Market Size and Growth Rates
Table 3.1 North America Market Size and Forecast
Table 3.2 Market Share by Type in North America
Table 3.3 Feedstock Usage in North America
Table 3.4 Application Segmentation in North America
Table 3.5 Country-wise Market Data (US, Canada, Mexico)
Table 4.1 South America Market Size and Forecast
Table 4.2 Market Share by Type in South America
Table 4.3 Feedstock Breakdown in South America
Table 4.4 Application-wise Market Share in South America
Table 4.5 Country-wise Market Data (Brazil, Argentina, Rest of South America)
Table 5.1 Europe Market Size and Forecast
Table 5.2 Type-wise Market Share in Europe
Table 5.3 Feedstock Usage in Europe
Table 5.4 Application-wise Market Data in Europe
Table 5.5 Country-wise Market Information (Germany, UK, France, Spain, Italy)
Table 6.1 Middle East & Africa Market Size and Forecast
Table 6.2 Market Share by Type in Middle East & Africa
Table 6.3 Feedstock Composition in Middle East & Africa
Table 6.4 Application-wise Market Breakdown
Table 6.5 Country-wise Data (UAE, Saudi Arabia, South Africa)
Table 7.1 Asia-Pacific Market Size and Forecast
Table 7.2 Market Share by Type in Asia-Pacific
Table 7.3 Feedstock Usage in Asia-Pacific
Table 7.4 Application-wise Market Share
Table 7.5 Country-wise Market Data (China, India, Japan, South Korea, Australia)
Table 8.1 Company Profiles Summary
Table 8.2 Business Segments and Revenue Contributions of Key Players
Table 8.3 Strategic Alliances and Partnerships Details
Table 8.4 Recent Developments and Innovations in the Industry
Top Key Players & Market Share Outlook
- 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
- others
Frequently Asked Questions
