Propylene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Derivatives (Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Acrylic Acid, and Others), By End-User (Automotive, Construction, Textile, Packaging, and Others), By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPropylene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Derivatives (Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Acrylic Acid, and Others), By End-User (Automotive, Construction, Textile, Packaging, and Others), By Region, and Competition
In 2021, the market value of petrochemical industry skyrocketed to a whooping USD 556 Billion.
Propylene is a vital feedstock material utilized in the petrochemical industry to produce polypropylene, propylene oxide, cumene, acrylonitrile, and many more. Propylene is a non-corrosive, non-toxic, colorless gas with very little odor. It can burn readily in an oxygenated environment with a luminous flame. For Industrial consumption, it is found at both in Polymer and Chemical Grades. It can deliver a complete range of Homo, Random, and Impact Polypropylene and other polypropylene chemical compounds for a wide range of flexible and rigid applications. Due to its extensive applicability in manufacturing elastomers, resins, and other valuable chemicals, Global Propylene Market is expected to witness a bloom during the forecast period.
Rising Demand of Propylene Derivatives
According to the relevant statistics, China’s propylene production was at 36 million tons in 2020
Growing Consumption in Automobile Sector
As per the data researched, sales of Automobiles have climbed over 33% in the past five years on the back of solid demand for Private and Passenger Vehicles in the countries.
Recent Trends and Developments
In 2022, Braskem is firmly committed to a Net Zero Circular Economy and has stated the expansion of its Circular Polymer Portfolio to integrate two new Polypropylene Grades with Post-Consumer Recycled (PCR) Plastic Content. These polypropylene grades can be utilized in various food contact applications, including consumer packaging and thermal forming applications.
INVISTA, a global manufacturer of chemical intermediates, fibers, and polymers, has announced the acquisition of the Propylene business from Flint Hill Resources effective Jan 1, 2022, onwards. This Business deal entailed chemical processing facilities located in Houston and Longview, along with onboarding of the technical support and services team.
Market Segmentation
Global Propylene Market is segmented based on Derivatives, End-User, and Regional Distribution. Based on Derivatives, the market is segmented into Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Acrylic Acid, and Others. Based on End-User, the market is divided into Automotive, Construction, Textile, Packaging, and Others. The market analysis also studies the regional segmentation divided among the North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.
Market Players
BASF SE, China Petroleum & Chemical Corporation, The Dow Chemicals Company, ExxonMobil Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corporation, Chaoyang Chemicals, Inc., Haike Chemical Group Co., Ltd., Huntsman International L.I.C, Global Bio-Chem Technology Group Company Limited are some of the major market players in Global Propylene Market.
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Attribute |
Details |
|
Base Year |
2022 |
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Historical
Years |
2018 – 2021 |
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Estimated
Year |
2022 |
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Forecast
Period |
2023 – 2028 |
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Quantitative
Units |
Revenue in USD
Million, Volume in Million Tonnes, and CAGR for 2018-2022 and 2023-2028 |
|
Report
Coverage |
·
Revenue forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
Covered |
·
Derivatives ·
End-User |
|
Regional
Scope |
North America; Europe; Asia
Pacific; South America; Middle East & Africa |
|
Country
Scope |
United States, Mexico, Canada, Germany, United Kingdom,
France, Russia, Italy, China, India, Japan, South Korea, Australia, Brazil,
Colombia, Argentina, South Africa, Saudi Arabia, UAE, Turkey |
|
Key
Companies Profiled |
BASF SE, China Petroleum & Chemical Corporation, The
Dow Chemicals Company, ExxonMobil Corporation, LyondellBasell Industries N.V.,
Saudi Basic Industries Corporation, Chaoyang Chemicals, Inc., Haike Chemical
Group Co., Ltd., Huntsman International L.I.C, Global Bio-Chem Technology
Group Company Limited |
|
Customization
Scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
Purchase Options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
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