Propylene Market

Propylene is used in various end-use industries such as automotive, construction, textile, packaging, and others. Propylene is considered as one of the key building blocks of petrochemicals and the second highly used petrochemical after ethylene. Major propylene derivatives are polypropylene, propylene oxide, cumene, acrylonitrile, oxoalcohols, isopropyl alcohol, acrylic acid, and acrylate.

Market Dynamics

Polypropylene segment accounted for highest revenue share in the propylene market in 2021, and the segment is projected to retain its position over the forecast period due to high demand for polypropylene and its alloys in automotive industry. In packaging, polypropylene has a variety of application such as bottles, food packaging, and biaxially oriented polypropylene. Therefore, packaging segment is the major segment in end-use Industry.

Asia Pacific dominated the market in 2021, and the region is projected to be the fastest growing in the global propylene market over the forecast period. The growth of Asia Pacific propylene market is attributed to increasing demand from end-use industries along with strategic investment by market players such as IRPC Plc., Fujian Meide Petrochemical in the region to tap potential market in China, India, and South Korea. For instance, in December 2016, Thai IRPC announced to expand its local production capacity of propylene by 63% to boost its long-term earnings growth.

Key features of the study:

• This report provides an in-depth analysis of global propylene market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global propylene market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include BASF SE, BP Plc., China Petroleum & Chemical Corporation, ExxonMobil Corporation, IRPC Plc., LyondellBasell Industries N.V., Reliance Industries Ltd, Royal Dutch Shell PLC, SABIC, Sinopec Corp., The DOW Chemical Company, Total S.A., and Valero Energy Corp.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global propylene market report caters to various stakeholders in this industry including investors, suppliers, Propylene manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propylene market

Detailed Segmentation:

• Global Propylene Market, By Derivatives :
  • Polypropylene
  • Propylene oxide
  • Cumene
  • Acrylonitrile
  • Alcohols
  • Acrylates
  • Others
• Global Propylene Market, By End-use Industry:
  • Automotive
  • Construction
  • Textiles
  • Packaging
  • Others
•  Global Propylene Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • BASF SE  
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • BP Plc.
  • China Petroleum & Chemical Corporation
  • ExxonMobil Corporation
  • IRPC Plc.
  • LyondellBasell Industries N.V.
  • Reliance Industries Ltd
  • Royal Dutch Shell PLC
  • SABIC
  • Sinopec Corp.
  • The DOW Chemical Company
  • Total S.A.
  • Valero Energy Corp.

“*” marked represents similar segmentation in other categories in the respective section