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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, By Region, and Competition

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    Report

  • 117 Pages
  • December 2022
  • Region: Global
  • TechSci Research
  • ID: 5709831
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Global Propylene Market is Projected to Grow at a Robust Growth During the Forecast Period due to Rise of Petrochemical Industry All Around the World. in 2021, the Market Value of Petrochemical Industry Skyrocketed to a Whooping USD 556 Billion.

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Global Propylene Market is projected to grow at a robust growth during the forecast period due to rise of petrochemical industry all around the world. 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 available 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

Private consumption and Industrial Growth in developing economies entail commonality, demonstrating statistical growth in the country. Domestic production and personal consumption by various end-use Industries for Propylene and its Derivatives is rising across multiple infrastructurally sound countries annually. Demand for each end-user industry was estimated per country, and it was found that the APAC region has dominated in terms of per capita consumption for Propylene and its derivatives like Polypropylene, Acrylonitrile, and others. According to the relevant statistics, China’s propylene production was at 36 million tons in 2020. The publisher extrapolates this scenario, and optimistic outputs for demand forecasts were projected.

Growing Consumption in Automobile Sector

During the forecast period, the propylene market is anticipated to grow due to the fast-rising demand for Propylene in the automotive industry. 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. The monomer of Propylene, which is used in the automotive industry, is converted into polypropylene, a propylene polymer. The requirement for polypropylene goods, which are utilized to make bumpers, interior trim, instrument panels, battery boxes and trays, fender liners, door trims, and other machinery, has increased because of the large-scale production of automobiles.

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.

Report Scope:

In this report, Global Propylene Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Propylene, By Derivatives:
  • Polypropylene
  • Propylene Oxide
  • Cumene
  • Acrylonitrile
  • Acrylic Acid
  • Propylene, By End-User:
  • Automotive
  • Construction
  • Textile
  • Packaging
  • Propylene, By Region:
  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Italy
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Colombia
  • Argentina
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Propylene Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Propylene Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Derivatives (Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Acrylic Acid, and Others)
5.2.2. By End-User (Automotive, Construction, Textile, Packaging, and Others)
5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.4. By Company (2022)
5.3. Market Map
5.3.1. By Derivatives
5.3.2. By End-User
5.3.3. By Region
6. North America Propylene Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Derivatives
6.2.2. By End-User
6.2.3. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Propylene Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Derivatives
6.4.1.2.2. By End-User
6.4.2. Mexico Propylene Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Derivatives
6.4.2.2.2. By End-User
6.4.3. Canada Propylene Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Derivatives
6.4.3.2.2. By End-User
7. Europe Propylene Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Derivatives
7.2.2. By End-User
7.2.3. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. Germany Propylene Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Derivatives
7.4.1.2.2. By End-User
7.4.2. United Kingdom Propylene Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Derivatives
7.4.2.2.2. By End-User
7.4.3. France Propylene Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Derivatives
7.4.3.2.2. By End-User
7.4.4. Russia Propylene Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Derivatives
7.4.4.2.2. By End-User
7.4.5. Italy Propylene Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Derivatives
7.4.5.2.2. By End-User
8. Asia-Pacific Propylene Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Derivatives
8.2.2. By End-User
8.2.3. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Propylene Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Derivatives
8.4.1.2.2. By End-User
8.4.2. India Propylene Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Derivatives
8.4.2.2.2. By End-User
8.4.3. Japan Propylene Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Derivatives
8.4.3.2.2. By End-User
8.4.4. South Korea Propylene Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Derivatives
8.4.4.2.2. By End-User
8.4.5. Australia Propylene Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Derivatives
8.4.5.2.2. By End-User
9. South America Propylene Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Grade
9.2.2. By Derivatives
9.2.3. By End-User
9.2.4. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Propylene Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Derivatives
9.4.1.2.2. By End-User
9.4.2. Colombia Propylene Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Derivatives
9.4.2.2.2. By End-User
9.4.3. Argentina Propylene Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Derivatives
9.4.3.2.2. By End-User
10. Middle East and Africa Propylene Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Derivatives
10.2.2. By End-User
10.2.3. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Propylene Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Derivatives
10.4.1.2.2. By End-User
10.4.2. Saudi Arabia Propylene Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Derivatives
10.4.2.2.2. By End-User
10.4.3. UAE Propylene Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Derivatives
10.4.3.2.2. By End-User
10.4.4. Turkey Propylene Market Outlook
10.4.4.1. Market Size & Forecast
10.4.4.1.1. By Value & Volume
10.4.4.2. Market Share & Forecast
10.4.4.2.1. By Derivatives
10.4.4.2.2. By End-User
11. Market Dynamics
11.1. Drivers
11.1.1. Rising demand of their Derivatives
11.1.2. Growing consumption in Automobile sector
11.2. Challenges
11.2.1. Stringent safety policies associated with manufacturing of chemicals
11.2.2. Issues associated with use of Propylene at Higher Temperature
12. Market Trends & Developments
12.1. Diversification of Product Portfolio by operating players
12.2. Merger and Acquisition of Propylene Chemicals business facilities
13. Global Propylene Market: SWOT Analysis
14. Porter’s Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Business Overview
15.2. Product Offerings
15.3. Recent Developments
15.4. Financials (In Case of Listed Companies)
15.5. Key Personnel
15.6. SWOT Analysis
15.6.1. BASF SE
15.6.2. China Petroleum & Chemical Corporation
15.6.3. The Dow Chemicals Company
15.6.4. ExxonMobil Corporation
15.6.5. LyondellBasell Industries N.V.
15.6.6. Saudi Basic Industries Corporation
15.6.7. Chaoyang Chemicals, Inc.
15.6.8. Haike Chemical Group Co., Ltd.
15.6.9. Huntsman International L.I.C
15.6.10. Global Bio-Chem Technology Group Company Limited
16. Strategic Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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