The Southeast Asia Higher Olefins market size was valued at US$ 1.85 billion in 2024 and is projected to reach US$ 2.56 billion by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
Higher olefins are unsaturated hydrocarbons with more than four carbon atoms, used as key intermediates in the production of various chemicals, including plasticizers, detergents, synthetic lubricants, and polymer additives.
The Southeast Asia Higher Olefins market is growing steadily, driven by expanding petrochemical industries and increasing demand for downstream products. In 2023, total production capacity reached 2.2 million metric tons, with Singapore, Thailand, and Malaysia accounting for 80% of regional capacity. The detergent alcohol sector is the largest consumer at 35%, followed by plasticizers at 25%. The market saw a 12% increase in demand for higher olefins in synthetic lubricant applications in 2023. Bio-based higher olefins are growing at 8% annually, driven by sustainability trends in the personal care and detergent industries. The shift towards premium and specialized lubricants resulted in a 18% rise in demand for higher olefin-based polyalphaolefins (PAOs) in 2023. Linear alpha olefins (LAOs) for polyethylene co-monomers saw a 15% surge in consumption, particularly in the packaging sector. The development of new catalysts has improved selectivity in higher olefin production, increasing yield efficiency by 10% compared to 2020 standards.
Report Includes
This report is an essential reference for who looks for detailed information on Southeast Asia Higher Olefins. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of Higher Olefins, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Southeast Asia Higher Olefins, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Higher Olefins. This report contains market size and forecasts of Higher Olefins in Southeast Asia, including the following market information:
We surveyed the Higher Olefins manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
by Country
• Thailand
• Indonesia
• Vietnam
• Malaysia
• Philippines
• Singapore
• Myanmar
by Products type:
• Purity(4N)
• Purity(5N)
• Purity(6N)
by Application:
• LEDs
• Electronic Displays
• Semiconductors
• Li-Ion Batteries
• Others
key players include: (At least 8-10 companies included)
• Siam Cement Group (SCG Chemicals)
• Petronas Chemicals Group Berhad
• PT Chandra Asri Petrochemical Tbk
• PTT Global Chemical Public Company Limited
• PetroVietnam Fertilizer and Chemicals Corporation
• Wilmar International Limited
• Thai Oil Public Company Limited
• Singapore Chemicals Company
• Titan Chemicals Corp. Bhd
• PTT Asahi Chemical Company Limited
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Higher Olefins revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)
• Key companies Higher Olefins revenues share in Southeast Asia market, 2023 (%)
• Key companies Higher Olefins sales in Southeast Asia market, 2019-2024 (Estimated),
• Key companies Higher Olefins sales share in Southeast Asia market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Southeast Asia and country-wise market of Higher Olefins
• It describes present situation, historical background and future forecast
• Comprehensive data showing Higher Olefins capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Higher Olefins manufacturers
• Higher Olefins forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
Table of content
1 Market Overview
1.1 Product Overview and Scope of Higher Olefins
1.2 Segment by Type
1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Purity(4N)
1.2.3 Purity(5N)
1.2.4 Purity(6N)
1.3 Segment by Application
1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 LEDs
1.3.3 Electronic Displays
1.3.4 Semiconductors
1.3.5 Li-Ion Batteries
1.3.6 Others
1.4 Southeast Asia Market Growth Prospects
1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)
1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)
2 Southeast Asia Growth Trends
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential An
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