According to the study, Increasing Adoption Owing to Use in Chemical Synthesis is one of the primary growth factors for the market. Rising Demand for Polyethylene across the World
is also expected to contribute significantly to the 1-Butene market. Overall, Polyethylene {LLDPE, HDPE}
applications of 1-Butene, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as SABIC (Saudi Arabia), BASF SE (Germany), LyondellBasell Industries N.V. (Netherlands), Lorestan Petrochemical Co. (Iran), Mitsui Chemicals, Inc. (Japan), Jam Petrochemical Company (Iran), Evonik Industries AG (Germany), Bangkok Synthetics Co., Ltd (Thailand), Daelim Industrial Co., Ltd (South Korea), TPC Group (United States), Shell Chemical LP (United States) and Exxon Mobil Corporation (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global 1-Butene market identified that the demand is rising in many different parts of the world as "Growing Demand from Emerging Economics such as China, India, among others
". Furthermore, some recent industry insights like "In November 2020, Arcanum Infrastructure, LLC and Axens NA Inc. established partnership for the production of 1-Butene at Raven 1-Butene, LLC. this production is mainly based upon Axens AlphaButol technology. With this technology, company is able to lead in the production of 1-Buten with higher purity & through ethylene dimerization. Therefore, company is considered under 40 AlphaButol licensed units worldwide using homogeneous catalysis." is constantly making the industry dynamic. One of the challenges that industry facing is "The Fluctuating Raw Material Prices"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of 1-Butene market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of 1-Butene market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the 1-Butene market tight? Which application/end-user category or Product Type [Petroleum Fraction Catalytic Cracking and Methyl Tert-Butyl Ether Decomposition] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the 1-Butene market and other related sub-markets covered in the study.
o Key & emerging players in the 1-Butene market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall 1-Butene market size is calculated using market estimation process, the 1-Butene market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global 1-Butene market size has been validated using both top-down and bottom-up approaches.