Global Light Olefins Market Outlook 2027


The Light Olefins Market across the globe is expected to reach USD 475.8 million at a CAGR of 5.85% by the end of 2027. The growth of the global light olefins market is attributed to the shifting focus of consumers towards plastic goods from traditional goods such as concrete, metal, and wood. The reduction in energy cost and raw materials for producing light olefins is driving the market growth. The substitution of oil by shale gas, which is extracted from ethylene is expected to drive the market growth further over the assessment period. The trend of biofuel production from bio-ethylene using sugarcane and corn is likely to offer substantial opportunities for market growth during the forecast period. Additionally, the use of zeolites offers about 100% conversion of methanol into light olefins, which is an added advantage to the biofuel production. However, ethylene is highly toxic and is hazardous to human, wildlife, and environmental health, which may restrain the market growth during the forecast period.

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Created by aadolfst01 2 years 9 weeks ago – Made popular 2 years 9 weeks ago
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