Propylene Market Size, Trends and Growth Analysis Report 2028

Report Description

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. TechSci Research 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.

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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.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2022
Forecast Period	2023 – 2028
Quantitative Units	Revenue in USD Million, Volume in Million Tonnes, and CAGR for 2018-2022 and 2023-2028
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Derivatives · End-User
Regional Scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country Scope	United States, Mexico, Canada, Germany, United Kingdom, France, Russia, Italy, China, India, Japan, South Korea, Australia, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, UAE, Turkey
Key Companies Profiled	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
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

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:

o Polypropylene

o Propylene Oxide

o Cumene

o Acrylonitrile

o 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.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Propylene Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers of Global Phenol Derivates Market in the forecast period?

Rising Demand of their Derivatives and Growing Consumption in Automobile sector are the major factors driving the growth of Global Propylene Market.

What are the major challenges that are encountered in Global Propylene Market?

Stringent safety policies associated with manufacturing of chemicals and Issues associated with use of Propylene at Higher Temperature are inhibiting the growth of the market.

) What are the ongoing trends and developments in Global Propylene Market?

Diversification of Product Portfolio by operating players and Merger & Acquisition of Propylene Chemicals business facilities are the few trends pertinent to Global Propylene Market.

Who are the market players that are operating in Global Propylene Market?

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 one of the major market players operating in Global Propylene Market.

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