Global Propylene Trimer Market Size By Type (Purity 98.0% min, Purity 99.5% min), By Application (Isodecyl Alcohol, Nonylphenol), By Geographic Scope And Forecast

Propylene Trimer Market Size And Forecast

Propylene Trimer Market size is valued at USD 879.58 Million in the year 2021 and it is expected to reach USD 1,217.09 Million in 2030, growing at a CAGR of 4.23% from 2023 to 2030.

The increasing need for propylene trimers and increased usage of synthetic lubricants will likely drive market expansion in the following years, while environmental laws encourage innovation in manufacturing processes and formulations. The Global Propylene Trimer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Propylene Trimer Market Definition

Propylene trimer is a chemical molecule formed by the trimerization of propylene, a hydrocarbon gas generated from petroleum or natural gas. Propylene trimer is a chemical compound with the formula C15H30 molecular mass of 210.4 g/mol. It is a colorless liquid with a subtle odor that is accessible in chemical solvents that include toluene, benzene, and hexane but insoluble in freshwater. Trimerization of propylene is a catalytic breakdown of three propylene molecules to create one single propylene trimer. The process is usually performed by adding a catalyst, including zeolite or metallocene. The reaction happens at elevated pressures and challenges, producing a mixture of different propylene trimer isomers that may be isolated and purified through different distilling and purification processes.

Propylene trimer has several uses in a variety of sectors. Its main application is as a plasticizer in manufacturing polyvinyl chloride (PVC) goods, including pipes, cables, and wires. Propylene trimer is an additional plasticizer in PVC goods, boosting the material’s elasticity and longevity. Propylene trimer is utilized as well as a starting material to manufacture various other compounds. It can, for instance, be employed to make dimer acid, which is used to produce polyamide resins, glues, and coatings. Propylene trimer may additionally be utilized to make isocyanates, which are used to make foams made of polyurethane and coatings.

Global Propylene Trimer Market Overview

Propylene trimer is utilized as a plasticizer, lubricant, and gasoline additive, among other things. These sectors of use are expanding, driving up demand for propylene trimers. Propylene trimer, for instance, is becoming more prevalent as an additive in synthetic motor oils because it performs well at extreme temperatures and decreases engine attrition. Propylene trimer is also widely employed in buildings since it is a plasticizer in pipes made of PVC and other construction supplies. Demand for propylene trimer is likely to rise as these sectors expand. The market for propylene trimers is additionally anticipated to be closely related to the growth in PVC cable and wire sales, as well as the performance of the lubricant sector.

The propylene trimer industry is expected to develop significantly throughout the period of forecasting owing to its increasing usage as a chemical intermediate in the production of surfactants, including emulsifiers, as a beneficial lubricant, and as a plasticizer in polymers and rubbers. Propylene trimer manufacturing is complicated and necessitates specialized equipment and techniques. Manufacturing technology advancements are driving down manufacturing costs and enhancing product reliability. New catalysts, for instance, have been created to improve the effectiveness of the trimerization procedure. As a result of increased manufacturing and enhanced quality control, propylene trimer is now less expensive for end customers.

Researchers are looking into novel uses for propylene trimer, including producing innovative materials and its use as a building block in synthesizing other compounds. In 2020, for example, a group of scientists at the University of Houston created a novel form of polymer that uses propylene trimer as a building block and might be used to produce superior coatings and adhesives. Because of its possible impact on reproduction, the European Chemicals Agency (ECHA) suggested classifying propylene trimer as a very high concern (SVHC) chemical in 2020. The European Union is now evaluating this proposal, and if approved, it might have substantial repercussions for the usage and manufacturing of propylene trimer in Europe.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Propylene Trimer Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Propylene Trimer Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Propylene Trimer MarketSegmentation Analysis

The Global Propylene Trimer Market is segmented on the basis of Type, Application, And Geography.

Propylene Trimer Market, By Type

• Purity 98.0% min
• Purity 99.5% min
• Others

Based on Type, the market is segmented into Purity 98.0% min, Purity 99.5% min, and Others. The Inking Rollers segment held a significant market share in the Propylene Trimer Market in 2021. Purity, 98.0% min, is a propylene trimer purity standard that defines the proportion of propylene trimer units that contain just 98% pure propylene atoms. Purity is crucial since it increases the shelf life of finished products and gives superior quality. Propylene trimmers are utilized to make polypropylene, which is an extensively utilized plastic material in sectors including automotive, packaging, as well as medical devices.

Propylene Trimer Market, By Application

• Isodecyl Alcohol
• Nonylphenol
• Neodecanoic Acid
• Others

Based on Application, the market is segmented into Isodecyl Alcohol, Nonylphenol, Neodecanoic Acid, and Others. The Isodecyl alcohol segment dominated the Global Propylene Trimer Market with the highest market share in 2021. Isodecyl alcohol is a form of fatty alcohol generated by propylene dimerization. It is employed as a solvent, emollient, and even as a precursor to other compounds, among other things. Isodecyl alcohol, for instance, is widely used in manufacturing plasticizers, including di-isononyl phthalate (DINP), which is employed as a softener in PVC goods.

Propylene Trimer Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Propylene Trimer Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region accounted for the highest market share in the Global Propylene Trimer Market in the year 2021. The area is likely to have significant demand as a result of rising industrialization, particularly in India, Indonesia, China, and Malaysia. Product consumption is predicted to be driven by increasing automobile production, mainly in Japan and South Korea, as well as a developing electronics sector, primarily in China, throughout the projection period.

Key Players

The “Global Propylene Trimer Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are LyondellBasell Industries, Total S.A., Chevron Phillips Chemical Company, INEOS Group AG, Dow Chemical Company, Mitsubishi Chemical Corporation, LG Chem Ltd., Braskem S.A., SABIC, Formosa Plastics Corporation, Borealis AG, Reliance Industries Limited, Versalis S.p.A., Westlake Chemical Corporation, Lotte Chemical Corporation.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the Market based on segmentation involving both economic as well as non-economic factors• Provision of Market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the Market within each region• Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major Market players• The current as well as the future Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the Market of various perspectives through Porter’s five forces analysis• Provides insight into the Market through Value Chain• Market dynamics scenario, along with growth opportunities of the Market in the years to come• 6-month post-sales analyst support

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