After ethylene, propylene is the second-most important raw material in the petrochemical industry. A by-product of the procedure used to refine natural gas and oil is propylene. Propylene is an alkene and has three double-bonded carbon atoms in its chemical structure. It serves as the foundation for a wide range of goods. Almost two thirds of the world’s production is consumed by polypropylene, a propylene-based polymer. End users of propylene include the packaging, film, fibre, container, and cap industries. Important compounds like cumene, propylene oxide, acrylonitrile, butyraldehyde, and acrylic acid are also produced using propylene.
The propylene market was valued at USD 96.47 billion in 2022 and is expected to reach USD 135.21 billion by 2032, registering a CAGR of 4.31 % during the forecast period of 2023 to 2032.
Propylene is a colourless, gaseous organic substance that is found in the environment. Because it is combustible and a hydrocarbon, it is widely used as fuel. The petroleum refining process extracts the majority of the propylene. Propylene has a molecular weight of 42.08 g/mol and the chemical formula C3H6. Propylene, commonly known as propene, is a petroleum-derived chemical used in huge quantities to make elastomers, resins, fibres, and several other chemical products.
The Propylene market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Propylene market. On the basis of historic growth analysis and current scenario of Propylene market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Propylene market. This further helps user with their developmental strategy.
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This report examines all the key factors influencing growth of global Propylene market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Propylene market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Major Players
AGC Chemicals
Royal Dutch Shell
Solventis
Oleon NV
INEOS
China Petrochemical Corporation
Exxon Mobil Corporation.
Huntsman International LLC.
BASF SE
Repsol
Manali Petrochemical
Chevron Phillips Chemical Company
LyondellBasell Industries Holdings B.V.
Dow
Sumitomo Chemical Co., Ltd.
Honeywell International Inc
Asahi Kasei Corporation
SABIC
Linde
Archer Daniels Midland Company
Types
Acrylic Acid
Acrylonitrile
Cumene
Isopropanol
2-Ethyl Hexanol
Butanols
Polypropylene
Propylene Oxide
Others
Applications
Automotive
Construction
Packaging
Textile
Others
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Propylene market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
