The global internal olefins market was valued at US$ 1.64 Billion in 2017, according to Internal Olefins Market Report, by Technology (Paraffin Dehydrogenation and Isomerization & Disproportionation), by Application (Surfactants, Oil Drilling, Pharmaceuticals, Lubricants, Agrochemical, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global internal olefins market is projected to reach US$ 2.46 Billion by 2026, exhibiting a CAGR of 4.7% during the forecast period. Increasing demand for environmentally safe synthetic fluids is expected to propel growth of the internal olefins market. Furthermore, growing demand for oil and gas is driving growth of this market. According to Scottish Government, in Scotland the production of oil and gas increased by 21.4% during 2014 to 2015 and accounted for 81% of the total U.K. production.
However, high purity intrinsic characteristics of internal olefins’ substitutes such as linear alpha olefins and poly-alpha-olefins is expected to restrain growth of the internal olefins market.
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