그린 올레핀 시장 예측(-2030년) : 유형별, 원료별, 프로세스 기술별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Green Olefins Market is growing at a CAGR of 13.5% during the forecast period. Green olefins are unsaturated hydrocarbons produced sustainably, often from renewable biomass instead of conventional fossil fuels. This eco-friendly approach involves innovative processes that minimize environmental impact and reduce greenhouse gas emissions. Green olefins serve as vital building blocks in the production of various chemicals, plastics, and fuels, aligning with the principles of green chemistry. By shifting towards renewable sources, green olefins contribute to a more sustainable chemical industry, supporting the transition to a circular economy and promoting environmental stewardship.

According to the data of the International Energy Agency Olefins which form more than 60% of the total production of the petrochemical industry about 400 million tonnes are considered the most important building block of various chemical products from polymers to pharmaceutical compounds.

Market Dynamics:

Driver:

Innovation in technology

Innovation in the market is driven by advancements in bioprocessing, catalysis, and renewable feedstock utilization. Technologies such as enzymatic conversion and microbial fermentation enable efficient production of olefins from biomass, reducing carbon footprints. Additionally, breakthroughs in catalytic methods enhance selectivity and yield, making processes more sustainable. These innovations not only improve economic viability but also promote the adoption of green olefins in various applications.

Restraint:

Feedstock availability and fluctuations

Feedstock availability and fluctuations pose significant challenges in the market. Variability in the supply of renewable biomass can lead to production inconsistencies, affecting pricing and overall market stability. Seasonal changes, climate conditions, and competing demands for agricultural resources can exacerbate these issues, hindering the scalability of green olefin production. Such uncertainties may deter investment and limit the growth potential of sustainable alternatives, ultimately impacting the transition to a greener chemical industry.

Opportunity:

Environmental concerns and sustainability

Environmental concerns in the market focus on the sustainability of feedstock sources and production processes. While green olefins aim to reduce reliance on fossil fuels, the cultivation of biomass can lead to land-use changes, deforestation, and biodiversity loss if not managed responsibly. Ensuring sustainable sourcing, minimizing resource consumption, and implementing eco-friendly production techniques are crucial for mitigating these impacts and promoting a truly sustainable approach to chemical manufacturing.

Threat:

Limited scale and infrastructure

Limited scale and infrastructure in the market hinder its growth and adoption. Many production facilities are not yet optimized for large-scale output, resulting in higher costs and lower efficiency. Inadequate logistics and distribution networks further complicate the supply chain, making it difficult to meet increasing demand. These constraints can lead to market volatility and deter investment, ultimately slowing the transition to sustainable alternatives in the chemical industry.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the market by disrupting supply chains, causing delays in production, and reducing demand across various sectors. Lockdowns and restrictions affected biomass sourcing and logistics, leading to production slowdowns. Additionally, the economic uncertainty prompted companies to reevaluate investments in sustainable technologies. However, the pandemic also heightened awareness of environmental issues, potentially accelerating the shift toward greener alternatives as industries seek resilience and sustainability in their operations.

The propylene segment is projected to be the largest during the forecast period

The propylene segment is projected to account for the largest market share during the projection period. Its sustainable production from renewable feedstocks enhances its appeal in an increasingly eco-conscious landscape. Innovations in bioprocessing and catalysis are facilitating the conversion of biomass into propylene, reducing reliance on fossil fuels. As demand for sustainable materials grows, green propylene's role in advancing circular economy practices becomes increasingly significant.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is expected to have the highest CAGR during the extrapolated period. Green olefins, derived from renewable sources, are increasingly used in the production of eco-friendly plastics, lubricants, and fuel additives. These materials contribute to lighter, more efficient vehicles with reduced environmental impact. As regulatory pressures and consumer demand for sustainability rise, the adoption of green olefins in automotive applications is expected to grow substantially.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period. Innovations in bioprocessing and renewable feedstock utilization are fostering the development of eco-friendly olefins. Major industries, including automotive and packaging, are increasingly adopting these sustainable alternatives to meet consumer demand and comply with environmental regulations. Investment in research and infrastructure is further propelling the market, positioning the region as a key player in green olefins.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period. The ongoing industrialization in nations is boosting demand for sustainable materials, including green olefins, which are used in various applications such as plastics and chemicals. There is a growing recognition of environmental issues, prompting industries to seek greener alternatives to traditional fossil fuel-derived olefins. This shift is supported by government initiatives promoting sustainability.

Key players in the market

Some of the key players in Green Olefins market include LyondellBasell Industries, BASF SE, Neste Corporation, Covestro AG, Braskem, Mitsubishi Chemical Corporation, SABIC, TotalEnergies, Clariant, Eastman Chemical Company, Shell, Cargill, DOW and Novozymes.

Key Developments:

In May 2024, Dowopens and SCG Chemicalsopens in a new tab or SCGC, today announced the signing of a first-of-its kind memorandum of understanding (MOU) circularity partnership in the Asia Pacific region to transform 200KTA of plastic waste into circular products by 2030.

In March 2024, Dow announced the intent to invest in ethylene derivatives capacity on the U.S. Gulf Coast, including the production of carbonate solvents, critical components to the supply chain of lithium-ion batteries.

Types Covered:

• Ethylene
• Propylene
• Butadiene
• Butylene
• Other Types

Feedstocks Covered:

• Sugarcane
• Corn
• Sugar Beets
• Green Methanol
• Bio-Naphtha

Process Technologies Covered:

• Catalytic Cracking
• Steam Cracking
• Dehydration Processes
• Fermentation and Biochemical Processes

Applications Covered:

• Plastics
• Chemicals
• Fuels
• Lubricants
• Surfactants and Detergents
• Other Applications

End Users Covered:

• Automotive
• Construction
• Consumer Goods
• Textiles
• Agriculture
• Packaging
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Green Olefins Market, By Type

• 5.1 Introduction
• 5.2 Ethylene
• 5.3 Propylene
• 5.4 Butadiene
• 5.5 Butylene
• 5.6 Other Types

6 Global Green Olefins Market, By Feedstock

• 6.1 Introduction
• 6.2 Sugarcane
• 6.3 Corn
• 6.4 Sugar Beets
• 6.5 Green Methanol
• 6.6 Bio-Naphtha

7 Global Green Olefins Market, By Process Technology

• 7.1 Introduction
• 7.2 Catalytic Cracking
• 7.3 Steam Cracking
• 7.4 Dehydration Processes
• 7.5 Fermentation and Biochemical Processes

8 Global Green Olefins Market, By Application

• 8.1 Introduction
• 8.2 Plastics
• 8.3 Chemicals
• 8.4 Fuels
• 8.5 Lubricants
• 8.6 Surfactants and Detergents
• 8.7 Other Applications

9 Global Green Olefins Market, By End User

• 9.1 Introduction
• 9.2 Automotive
• 9.3 Construction
• 9.4 Consumer Goods
• 9.5 Textiles
• 9.6 Agriculture
• 9.7 Packaging
• 9.8 Other End Users

10 Global Green Olefins Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 LyondellBasell Industries
• 12.2 BASF SE
• 12.3 Neste Corporation
• 12.4 Covestro AG
• 12.5 Braskem
• 12.6 Mitsubishi Chemical Corporation
• 12.7 SABIC
• 12.8 TotalEnergies
• 12.9 Clariant
• 12.10 Eastman Chemical Company
• 12.11 Shell
• 12.12 Cargill
• 12.13 DOW
• 12.14 Novozymes