Propylene Market Research Report 2024 | Size, Share, Trends, Growth and Forecast including Opportunities and Challenges
Propylene Market Research Report 2024 | Size, Share, Trends, Growth and Forecast including Opportunities and Challenges
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.

Latest "Propylene Market" Size, Share & Trends Analysis Research Report 2024 - By Applications (Auto Sales, Employment Opportunities, Rental Properties, Pets, Other), By Types (Featured ads, Normal ad), By Segmentation analysis, Regions and Forecast to 2031. The Global Propylene market Report provides In-depth analysis on the market status of the Propylene Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe, the Propylene Market Report contains Full TOC, Tables & Figures, and Chart with Key Analysis, Market Outbreak Impact Analysis & Situation by Regions.

What is the projected market size & growth rate of the 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.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Propylene market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Propylene Market.

Which are the driving factors of the Propylene market?

Rising Adoption of Auto Sales, Employment Opportunities, Rental Properties, Pets, Other among Businesses Drives Propylene Market Growth Based on end-user, the market is categorized into Featured ads, Normal ad held the largest Propylene market share In 2024.

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Propylene Market - Competitive and Segmentation Analysis:

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

How do you determine the list of the key players included in the report? With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the 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)

Short Description About Propylene Market:

The Global Propylene market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Propylene. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Propylene Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Propylene in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2018-2031) of the following regions are covered in Chapters

What are the key regions in the global Propylene market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Propylene Market Research/Analysis Report Contains Answers to your following Questions

  • What are the global trends in the Propylene market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Propylene? What are the upcoming industry applications and trends for Propylene market?
  • What Are Projections of Global Propylene Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Propylene? What are the raw materials used for Propylene manufacturing?
  • How big is the opportunity for the Propylene market? How will the increasing adoption of Propylene for mining impact the growth rate of the overall market?
  • How much is the global Propylene market worth? What was the value of the market In 2020?
  • Who are the major players operating in the Propylene market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Propylene Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Propylene Market Insights and Forecast to 2031

  • Introduction
  • Segmentation of the Market
  • Executive Summary
  • Key Insights
  • Regulatory Landscape for Propylene
  • Overview of the Market
  • Propylene by Type
  • Propylene by Material
  • Propylene by Application
  • Continued...

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Data Bridge Market Research:

Today's trends are a great way to predict future events!

Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.

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