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Report: Worldwide Agrochemical Demand to Benefit Internal Olefins Market
The continued rise in worldwide use of agrochemicals is projected to be a boon for the internal olefins market by the year 2025. According to the Industry Daily Observer, global demand has grown over the past several years for internal olefins, which are industrially viable chemicals created as byproducts of the chlorination of linear paraffins. Agricultural and emerging economies around the world are expected to provide the bulk of growing demand for internal olefins. However, the report also notes that variable costs for raw materials, as well as more readily available alternatives such as poly-alpha-olefins, could be headwinds for internal olefins over the forecast period.