Image

Global Propylene Market – Industry Trends and Forecast to 2029

  • Materials & Packaging
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Propylene Market, By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid and Acrylates, Alcohols, Others), Types (Purity 99%, Purity 99.5%, Others), Production Process Technology (Steam Cracking, Refinery, On- Purpose), Industrial Vertical (Automotive, Construction, Packaging, Textile, Others), Application (Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other)– Industry Trends and Forecast to 2029

 

Propylene Market

Market Analysis and Size

Propylene is second most essential starting product in the petrochemical sector after ethylene. Propylene is a by-product of natural gas and oil refining processing. Propylene belongs to the alkene group and in this chemical structure present three double bonded carbon atoms. It is the raw material for an extensive variety of products. Polypropylene which is the polymer of propylene are consume nearly two thirds of global production. Propylene end user include packaging, films, fibers, containers, and caps and closures. Propylene is also used for the production of important chemicals like cumene, propylene oxide, acrylonitrile, butyraldehyde, and acrylic acid.

Data Bridge Market Research analyses that the propylene market was valued at USD 96.47 billion in 2021 and is expected to reach USD 135.21 billion by 2029, registering a CAGR of 4.31 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid and Acrylates, Alcohols, Others), Types (Purity 99%, Purity 99.5%, Others), Production Process Technology (Steam Cracking, Refinery, On- Purpose), Industrial Vertical (Automotive, Construction, Packaging, Textile, Others), Application (Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Dow (US), LyondellBasell Industries Holdings B.V. (Netherlands), BASF SE (Germany), ADM (US), Global Bio-chem Technology Group Company Limited. (China), DuPont Tate & Lyle Bio Products (US), SKC Inc (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland), Huntsman International L.l..C (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc, (US), Repsol (Spain), Midland Company (US), Helm AG (Germany), Shell Plc (UK)

Market Opportunities

  • Increase in the number of emerging markets
  • Increasing number of product innovations
  • Rise in strategic collaborations
  • Technological advancement

Market Definition

Propylene is an organic compound which is present in the form of gas and it has no colour. It is a hydrocarbon, flammable and is frequently used as fuel. Most of the propylene is extracted during the process of petroleum refining. Propylene molecular weight is 42.08 g/mol and its molecular formula C3H6 and its. Propylene is also called propene which has obtained from petroleum; large amount of propylene are used in the manufacture of elastomers, resins and fibres and many other chemical products.

Propylene Market Dynamics

Drivers

  • Rise the demand of their derivatives

Acrylonitrile is the derivative of propylene which is used in polymers and elastomeric fiber. Acrylonitrile are used in sweaters, socks and sportswear and home furnishings which contributes their maximum share in the market. Acrylonitrile also used in medical equipment such as valves, mechanical seals, and pumps due to the global coronavirus epidemic growing the demand for medical equipment which increase the demand of acrylonitrile as well increase the demand of propylene in the market.

  • Rise the demand in automobile sector

The demand of propylene is rapidly increase in the in the automobile industry which are expected to drive the growth of propylene market during the forecast period. Polypropylene is a polymer of propylene which is produced from the monomer of propylene and this monomer is used in the automobile industry. Due to the Large-scale production of automobiles increase the demand for polypropylene products which are used in the manufacturing of bumpers, interior trim, instrumental panels, battery cases and trays, fender liners, door trims, and other machineries. 

Opportunities

Petrochemical companies are now adopting on-purpose propylene production technologies to increase the quantity of propylene as a sole product in the market but not as an alternate or co-product. On-purpose propylene technology is a modified version of the traditional fluid catalytic cracking unit which upsurges the propylene yield to 20% or more than this output. The traditional sources for propylene include oil refineries and steam crackers yield less propylene as a derivative. To meet the augmented demand for propylene the petrochemical companies are investing to grow on-purpose technologies to maintain the shortfall of propylene production. These factors will create the opportunities and boost the growth rate of the propylene market.

Restraints/ Challenges

Stringent safety guidelines which has associated with the transportation and manufacturing of propylene were a major restraint on the propylene market. Propylene is toxic, highly inflammable, and hazardous when it exposed to extreme pressure and temperatures. Propylene dealers should invest in processes, equipment and technologies to limit the toxic levels and chemical levels. These regulations increased the manufacturing costs in the propylene industry, therefore regulating scope for investments relating to the expansion of product and launch of new products and into new markets, thereby affecting the growth of the market.

This propylene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the propylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Propylene Market

The outbreak of COVID-19 pandemic globally is also acting as an opportunity for the growth of the propylene industry because of growing demand for N95 masks but the limited supply of propylene due to inadequate employees and logistics issues affect the growth of the market. Large number of number of companies are developing a mask, which is commonly reusable and which increase the demand of propylene. Moreover, the outbreak of coronavirus associated lockdown which has imposed on several countries have resulted in reinforce the market for self-driving delivery vehicle. Furthermore high demand for propylene due to continuous expansion of the packaging sector increase the demand of propylene in the market.

Recent Development

  • In February 2022, Braskem which is one of the major polyolefins manufacturers company, as well as also a market leader of biopolymers has declared the enlargement of its circular polymer portfolio and include two new polypropylene (PP) grades with post-consumer recycled (PCR) content. Braskem's new PCR polypropylene grades would be used in a extensive array of U.S based Food and Drug Administration (FDA) food contact applications where polypropylene is used today, like in housewares, caps and closures, consumer packaging, and others.
  • In January 2022: INVISTA is a Koch company and this company is associate eith Flint Hills Resources which has attained the Flint Hills Resources propylene business efficiently from Jan. 1, 2022. This includes the chemical facilities in Texas, Longview and Houston, along with the employees support. The possession of the pipelines which deliver these facilities also moved their business to INVISTA but will continue to be worked by Flint Hills Resources under an agreement.

Global Propylene Market Scope

The propylene market is segmented on the basis of derivatives, types, production process technology, industrial vertical and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Derivatives

  • Polypropylene
  • Propylene oxide
  • Cumene
  • Acrylonitrile
  • Acrylic acid and Acrylates
  • Alcohols
  • Others

 Types

  • Purity 99%
  • Purity 99.5%
  • Others

 Production Process Technology

  • Steam Cracking
  • Refinery
  • On- Purpose

Industrial Vertical

  • Automotive
  • Construction
  • Packaging
  • Textile
  • Others

Application

  • Organic Chemical Raw Materials
  • Synthetic Resins
  • Fine Chemicals
  • Other

Propylene Market Regional Analysis/Insights

The propylene market is analysed and market size insights and trends are provided by country, derivatives, types, production process technology, industrial vertical and application as referenced above.

The countries covered in the propylene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the propylene market in terms of revenue during the forecast period. This is due to the increasing demand for propylene in this region. The Asia-Pacific region leads the propylene market due to the high production and rapid pace of shale gas production in this region.

During the projected period, North America is anticipated to be the fastest developing region high production and consumption of propylene products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Propylene Market Share Analysis

The propylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to propylene market.

Some of the major players operating in the propylene market are:

  • Dow (US)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • BASF SE (Germany)
  • ADM (US)
  • Global Bio-chem Technology Group Company Limited (China)
  • DuPont Tate & Lyle Bio Products (US)
  • SKC Inc (South Korea)
  • Temix Oleo (Italy)
  • INEOS Oxide (Switzerland)
  • Huntsman International L.l..C (U.S.)
  • ADEKA CORPORATION (Japan)
  • Chaoyang Chemicals, Inc. (U.S.)
  • Manali Petrochemicals Limited (India)
  • Haike Chemical Group Co., Ltd. (China)
  • Arch Chemicals Inc, (US)
  • Repsol (Spain)
  • Midland Company (US)
  • Helm AG (Germany)
  • Shell Plc (UK)

Research Methodology: Global Propylene Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions

The Propylene Market application segments are Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other.
The Propylene Market analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
The major players covered in the propylene market report are Dow, BASF SE, Sumitomo Chemical Co., Ltd., Exxon Mobil Corporation., INEOS, LyondellBasell Industries Holdings B.V., SABIC, Asahi Kasei Corporation, China Petrochemical Corporation, Chevron Phillips Chemical Company, Manali Petrochemical, AGC Chemicals, Royal Dutch Shell, Oleon NV, Repsol, Linde, Honeywell International Inc, Huntsman International LLC., Archer Daniels Midland Company, and Solventis among other domestic and global players. Market.
The major countries covered in the Propylene Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.