Piperylene Market, by Application (Plastics, Adhesives, Resins, and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Piperylene or 1, 3 - Pentadiene is a base raw material for chemical industry with formula C5H8 and molecular weight 68.12. It is obtained as a derivative of ethylene from crude oil, waste incineration, exhaust gases, and combustion of biomass.

Piperylene is used as a monomer in manufacturing adhesives, resins, and plastics, attributing to properties such as lightweight, toughness, high mechanical strength, and resistance towards radiation and corrosion. Increasing use of lightweight components in aerospace and automotive industry is expected to fuel the growth of the piperylene market over the forecast period.

Market Outlook

  • Piperylene-based products are used in manufacturing parcel tapes, diaper fastenings, envelops, building & construction materials, road markings, and others. The upsurge in end-use industries such as automotive, manufacturing, and aerospace is expected to be a major factor propelling the growth of piperylene market. According to a report published by Just-Auto in August 2018, the global automotive industry is growing continuously, wherein global sales for light vehicles increased by 3.7% in 2018 in comparison with the previous year.
  • Asia Pacific is projected to witness the highest revenue share in the global piperylene market over the forecast period, owing to growing automotive and manufacturing industries in the region. According to India Brand Equity Foundation (IBEF) report published in October 2018, Automotive industry in India was 4th largest in the world accounting for 4.2 billion sales (excluding two-wheelers) in 2017, recording an increase of 9.5% in comparison with 2016.
  • According to a report published by the United Nations Industrial Development Organization (UNIDO) in March 2018, worldwide manufacturing output of piperylene retained a growth of 4.2% in the first quarter of 2018 and China, the world’s largest pipeline manufacturer, continued a growth of 6.3% independently. This scenario is projected to fuel demand for piperylene from manufacturing industry worldwide, largely driven by emerging economies such as China and India.

Key Players

Major players operating in the global piperylene market include, Shell Chemicals, LOTTE Chemical Corporation, Chevron Phillips Chemical Company, ZEON Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Eastman Chemical Company, Shanghai Shangyi Chemical Technology Co., Ltd., and Nova Chemicals.

Major players operating in automotive, aerospace, and construction industry are cooperating with piperylene manufacturers. The cooperation is focused on reducing maintenance costs by adopting piperylene-based coatings, which offer enhanced protection for a long duration.

Piperylene Market Taxonomy

On the basis of application, the global piperylene market is segmented into:

  • Plastics
  • Adhesives
  • Resins
  • Others (Paints, Rubber, Epoxy Hardener, and Tackifier)

On the basis of region, the global piperylene market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East
    • GCC
    • Rest of Middle East
  • Africa

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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