Green Olefins Market Breakdown By Size, Share, Growth, Trends, and Industry 2030- MarkNtel Advisors

 According to Markntel Advisors Report, Green Olefins Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Olefins are ethylene, butylene, and propylene compounds produced from fossil fuel sources, such as petroleum or natural gas, through processes like steam cracking or fluid catalytic cracking. Green olefins are a class of hydrocarbon compounds produced from renewable biomass feedstocks such as corn, sugarcane, etc., rather than fossil fuel sources. Some of the bio-based olefins include bio-ethylene, bio-butylene, and bio-propylene.

 

Global Green Olefins Market Research Report & Summary:

The Global Green Olefins Market is estimated to grow at a CAGR of around 13.66% during the forecast period, i.e., 2024–30.        

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Green Olefins Market?

The top companies of the Green Olefins Market ruling the industry are: 

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,

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Green Olefins Industry Recent Development:

·         2023: Archer Daniels and Midland Company (ADM) acquired Prairie Pulse Inc., the owner of a pulse crop processing facility in Vanscoy, Saskatchewan, Canada. This move aligns with ADM's commitment to supporting Canadian pulse growers by offering tools, resources, and technology partnerships to enhance sustainable farming practices and facilitate access to global markets.

The Green Olefins Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-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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Market Dynamics -Global 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.

Olefin-linked COFs for Hydrogen Fuel Cell Applications to Offer Ample Opportunities – Olefin-linked Covalent Organic Frameworks (COFs) offer promising applications in hydrogen fuel cells, particularly as catalyst supports & proton conductors. These materials possess high surface areas, tunable pore structures, and excellent stability, making them ideal candidates for enhancing the performance & efficiency of hydrogen fuel cells. As the demand for clean energy solutions continues to rise, the development of COF-based materials for hydrogen fuel cell applications presents lucrative opportunities for the Green Olefins Market to diversify its product portfolio and capture new market segments.

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