Internal Olefins Market Introduction 

Internal olefins are a type of organic compound that contain a carbon-carbon double bond in which one of the carbons is located internally within the molecule. These compounds are primarily used as intermediates in the production of detergents and other surfactants. Internal olefins are produced by the oligomerization of alpha olefins, which are themselves produced from the cracking of petroleum. The use of internal olefins in detergent production is becoming increasingly popular due to their improved biodegradability and reduced environmental impact compared to traditional linear alkylbenzene sulfonates (LAS) surfactants.

Internal Olefins Market Size

As of 2021, the global internal olefins market size was valued at USD 1.52 billion and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2028.

Internal Olefins Market Share

The global Internal Olefins market size was estimated to be USD 1.56 billion in 2020 and is projected to reach USD 2.35 billion by 2025, growing at a CAGR of 8.5% during the forecast period.

Internal Olefins Market Trends

The following are some of the major trends observed in the internal olefins market:

Growing demand from the detergent industry: Internal olefins are widely used in the production of detergents due to their excellent cleaning properties. With the increasing demand for detergents worldwide, the demand for internal olefins is also expected to grow significantly.

Rising demand from the oil and gas industry: Internal olefins are used as a key component in the production of oilfield chemicals, such as drilling fluids, corrosion inhibitors, and flow improvers. As the demand for oil and gas continues to grow, the demand for internal olefins is also expected to increase.

Increasing use in personal care products: Internal olefins are also used in the production of personal care products, such as shampoos and conditioners. With the increasing demand for personal care products worldwide, the demand for internal olefins in this segment is also expected to grow.

Growing demand from the pharmaceutical industry: Internal olefins are used as key raw materials in the production of pharmaceutical intermediates, such as ibuprofen and naproxen. With the growing demand for pharmaceuticals worldwide, the demand for internal olefins in this segment is also expected to increase.

Increasing focus on sustainable production methods: Many companies in the internal olefins market are focusing on developing sustainable production methods to reduce their environmental impact. This includes the use of renewable raw materials and energy-efficient processes. This trend is expected to continue as sustainability becomes an increasingly important consideration for consumers and businesses alike.

Internal Olefins Market Driving factors

The growth of the internal olefins market is driven by various factors, including:

Increasing demand for surfactants: Internal olefins are used in the production of surfactants, which are widely used in various industries such as personal care, household cleaning, and industrial cleaning. The growing demand for these products is driving the growth of the internal olefins market.

Growth in the oil and gas industry: Internal olefins are also used in the production of oilfield chemicals such as drilling fluids, cementing additives, and well stimulation fluids. The growth of the oil and gas industry is thus driving the demand for internal olefins.

Increasing demand for lubricants: Internal olefins are used in the production of lubricants, which are used in various industries such as automotive, aviation, and marine. The growing demand for these industries is thus driving the demand for internal olefins.

Growing demand for plastics: Internal olefins are used in the production of various types of plastics such as polyethylene, polypropylene, and others. The increasing demand for plastics in various industries such as packaging, construction, and automotive is driving the growth of the internal olefins market.

Government regulations: Governments across the world are introducing regulations to promote the use of bio-based products. Internal olefins derived from renewable sources such as vegetable oils are thus gaining popularity, which is driving the growth of the internal olefins market.

Overall, the internal olefins market is expected to witness significant growth in the coming years due to these driving factors.

Internal Olefins Market Regional Analysis

Based on region, the internal olefins market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

North America: The internal olefins market in this region is driven by the growth of end-use industries such as detergents, lubricants, and oilfield chemicals.

Europe: The internal olefins market in this region is driven by the growth of the oilfield chemicals and detergents industries.

Asia-Pacific: The internal olefins market in this region is expected to grow significantly due to the increasing demand for detergents, lubricants, and oilfield chemicals in emerging economies such as India, China, and ASEAN countries.

Middle East & Africa: The internal olefins market in this region is driven by the growth of the oil and gas industry, as internal olefins are widely used in the production of oilfield chemicals.

Latin America: The internal olefins market in this region is expected to grow due to the increasing demand for detergents and oilfield chemicals in countries such as Brazil and Mexico.

Internal Olefins Market Forecasts 2030 

the global internal olefins market is expected to grow at a CAGR of 4.5% during the forecast period of 2020-2030. The market is expected to reach a value of USD 2.64 billion by 2030.The growth of the market is driven by the increasing demand for internal olefins in various end-use industries such as detergents, oilfield chemicals, and lubricants. The use of internal olefins in the production of biodegradable detergents is also expected to drive market growth. In addition, the growing demand for synthetic lubricants is expected to boost the market further.The Asia-Pacific region is expected to dominate the market during the forecast period, owing to the growth of various end-use industries in countries such as China, India, and Japan. The Middle East and Africa region is also expected to witness significant growth due to the presence of major oil refineries and the increasing demand for oilfield chemicals.Overall, the internal olefins market is expected to witness steady growth during the forecast period, driven by the increasing demand from various end-use industries and the growing trend towards sustainable products.

Internal Olefins Market Key Industry Players

Some key players in the internal olefins market include Sasol, INEOS, Chevron Phillips Chemical Company, SABIC, Shell, and Evonik Industries.