The global light olefins market is all set to scale a USD 475.8 million during the forecast period (2019-2023) with a moderate CAGR of 5.58%. Light olefins are a made by the hydrocracking process of hydrocarbons using high temperature. To make light olefins, manufacturers need naphtha, ethane, propane, butane, and biomass. The product is gaining much prominence as customers preference have substantially shifted towards plastic commodities over ... Read more
light olefins market is estimated to expand at 5.78 % CAGR during the assessment period (2017-2023). The market is expected to reach USD 475.8 million by the end of 2023 owing to the shifting focus of the consumers towards plastic goods. Light olefins are derived by hydrocracking of hydrocarbons under high temperature. Raw materials such as ethane, propane, naphtha, biomass, and butane are required to produce light olefins.
