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Propylene Market - Global Industry Analysis

Propylene Market- By Grade (Polymer Grade, Chemical Grade, and Refinery Grade), By Derivative (Polypropylene, Cumene, Propylene oxide, Alcohols, Acrylonitrile, and Acrylates), By End-User (Packaging, Textiles, Construction, and Automotive), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 11-Nov-2021 Category: Chemical & Materials Report Format : PDF Pages: 157 Report Code: ZMR-6819 Status : Published

The global Propylene Market accrued earnings worth approximately 91.2 (USD Billion) in 2020 and is predicted to gain revenue of about 138.01(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028.

Description

The global Propylene Market accrued earnings worth approximately 91.2 (USD Billion) in 2020 and is predicted to gain revenue of about 138.01(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Propylene Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Propylene Market: Overview

Propylene is a key raw material for petrochemical firms and is utilized in producing Oxo-alcohols, polygas chemicals, polypropylene, acrylic acid, acrylonitrile, acetone, methyl methacrylate, cumene, propylene glycol, isopropyl alcohol, and propylene oxide. In addition to this, the chemical finds plethora of applications in solvents, medicine, construction, fabrics, automotive, and construction sectors. Incredible demand for propylene items in production of interior trims, battery cases, trays, instrumental panels, fender liners, and bumpers will spearhead expansion of propylene industry.

Propylene Market: Growth Factors

Increase in use of propylene in commercial vehicles is likely to transcend propylene industry surge in years ahead. Apparently, humungous necessity of sustainable packaging of food products such as nuts, rice, and sauces is set to optimize development of propylene market in upcoming years. A prominent increase in shale gas production in Asia Pacific countries will further contribute towards revenue of propylene market. Moreover, manufacturers are trying to produce green & sustainable products as a part of their corporate social responsibility to protect environment. This, in turn, will culminate into humungous growth of propylene market in years ahead.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Furthermore, the product is used for manufacturing polypropylene plastics for fibers and injection molding. Apart from this, it also finds large-scale applications in plastic & chemical sectors. However, toxicity associated with propylene glycols such as dipropylene glycol, polypropylene glycol, monopropylene glycol, and tripropylene along with strict laws governing its usage is anticipated to truncate propylene industry expansion in upcoming years.

Regional Landscape

Asia Pacific Propylene Market To Reach Highest Citadel Of Growth By 2028

Regional market growth over assessment period is subject to rise in utilization of the chemical compound in countries such as Japan, China, and India. For the record, China is predicted to contribute nearly over 50% of production capacity in Asia and nearly 47% of global production capacity in upcoming years. Surge in demand for bulk polymers along with demand for propylene in manufacturing of sweaters, home furnishings, and sportswear fabrics will culminate into humungous growth of propylene market in Asia Pacific zone.

Competitive Landscape

Key players influencing growth of propylene market and profiled in our market research study include Exxon Mobil Corporation, The Dow Chemical Company, LyondellBasell Industries, INEOS Group Limited, BASF SE, Sumitomo Chemical Company Limited, Saudi Basic Industries Corporation, Chemical Company, LLC, and Formosa Plastics Group.

The global Propylene Market is segmented as follows:

By Grade

  • Refinery Grade
  • Polymer Grade
  • Chemical Grade

By Derivative

  • Polypropylene
  • Cumene
  • Propylene oxide
  • Alcohols
  • Acrylonitrile
  • Acrylates

By End-User

  • Packaging
  • Automotive
  • Textile
  • Construction

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Propylene Market, 2018–2028(USD Billion)
    • 2.2. Propylene Market: Snapshot
  • Chapter 3. Global Propylene Market– Industry Analysis
    • 3.1. Propylene Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in use of propylene in commercial vehicles is projected to amplify propylene industry surge in years ahead.
      • 3.2.2. Escalating requirement of recyclable packaging material for food products such as nuts, rice, and sauces is set to aggrandize scope of propylene market in ensuing years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Grade
      • 3.4.2. Market attractiveness analysis By Derivative
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global Propylene Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Propylene Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Propylene Market– Grade Analysis
    • 5.1. Global Propylene Market overview: By Grade
      • 5.1.1. Global Propylene Market share, By Grade, 2020 and 2028
    • 5.2. Refinery Grade
      • 5.2.1. Global Propylene Marketby Refinery Grade, 2018–2028(USD Billion)
    • 5.3. Pulymer Grade
      • 5.3.1. Global Propylene Market by Pulymer Grade, 2018–2028(USD Billion)
    • 5.4. Chemical Grade
      • 5.4.1. Global Propylene Market by Chemical Grade, 2018–2028(USD Billion)
  • Chapter 6. Global Propylene Market– End-User Analysis
    • 6.1. Global Propylene Market overview: By End-User
      • 6.1.1. Global Propylene Market share, By End-User, 2020 and 2028
    • 6.2. Packaging
      • 6.2.1. Global Propylene Marketby Packaging, 2018–2028(USD Billion)
    • 6.3. Automotive
      • 6.3.1. Global Propylene Market by Automotive, 2018–2028(USD Billion)
    • 6.4. Textile
      • 6.4.1. Global Propylene Market by Textile, 2018–2028(USD Billion)
    • 6.5. Construction
      • 6.5.1. Global Propylene Market by Construction, 2018–2028(USD Billion)
  • Chapter 7. Global Propylene Marketoverview: By Derivative
    • 7.1. Global Propylene Marketshare, By Derivative, 2020 and 2028
    • 7.2. Pulypropylene
      • 7.2.1. Global Propylene Marketby Pulypropylene , 2018–2028(USD Billion)
    • 7.3. Cumene
      • 7.3.1. Global Propylene Marketby Cumene, 2018–2028(USD Billion)
    • 7.4. Alcohuls
      • 7.4.1. Global Propylene Marketby Alcohuls, 2018–2028(USD Billion)
    • 7.5. Acrylonitrile
      • 7.5.1. Global Propylene Marketby Acrylonitrile, 2018–2028(USD Billion)
    • 7.6. Acrylates
      • 7.6.1. Global Propylene Marketby Acrylates, 2018–2028(USD Billion)
    • 7.7. Propylene oxide
      • 7.7.1. Global Propylene Marketby Propylene oxide, 2018–2028(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Exxon Mobil Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. The Dow Chemical Company
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. LyondellBasell Industries
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. INEOS Group Limited
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. BASF SE
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Sumitomo Chemical Company Limited
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Saudi Basic Industries Corporation
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Chemical Company, LLC
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Formosa Plastics Group
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Propylene Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Propylene Marketattractiveness, By Grade
6. Global Propylene Marketattractiveness, By Derivative
7. Global Propylene Marketattractiveness, By End-User
8. Global Propylene Marketshare by Grade ,2020 and 2028 (USD Billion)
9. Global Propylene Marketby Refinery Grade, 2018–2028(USD Billion)
10. Global Propylene Marketby Polymer Grade, 2018–2028(USD Billion)
11. Global Propylene Marketby Chemical Grade, 2018–2028(USD Billion)
12. Global Propylene Marketshare by End-User ,2020 and 2028 (USD Billion)
13. Global Propylene Marketby Packaging, 2018–2028(USD Billion)
14. Global Propylene Marketby Automotive, 2018–2028(USD Billion)
15. Global Propylene Marketby Textile, 2018–2028(USD Billion)
16. Global Propylene Marketby Construction, 2018–2028(USD Billion)
17. Global Propylene Marketshare by Derivative,2020 and 2028 (USD Billion)
18. Global Propylene Marketby Polypropylene,  2018–2028(USD Billion)
19. Global Propylene Marketby Cumene, 2018–2028(USD Billion)
20. Global Propylene Marketby Propylene oxide, 2018–2028(USD Billion)
21. Global Propylene Marketby Alcohols, 2018–2028(USD Billion)
22. Global Propylene Marketby Acrylates, 2018–2028(USD Billion)
23. Global Propylene Marketby Propylene oxide, 2018–2028(USD Billion)
24. Global Propylene Marketshare, by Region, 2020 and 2028
25. North America Propylene Market, 2018–2028(USD Billion)
26. Europe Propylene Market, 2018–2028(USD Billion)
27. Asia Pacific Propylene Market, 2018–2028(USD Billion)
28. Latin America Propylene Market, 2018–2028(USD Billion)
29. The Middle East and Africa Propylene Market, 2018–2028(USD Billion)
 


List of Tables

1. Global Propylene Market: snapshot
2. Drivers of the Propylene Market: impact analysis
3. North America Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
4. North America Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
5. North America Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
6. The U.S. Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
7. The U.S. Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
8. The U.S. Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
9. Rest of North America Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
10. Rest of North America Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
11. Rest of North America Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
12. Europe Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
13. Europe Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
14. Europe Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
15. UK Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
16. UK Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
17. UK Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
18. France Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
19. France Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
20. France Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
21. Germany Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
22. Germany Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
23. Germany Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
24. Rest of Europe Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
25. Rest of Europe Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
26. Rest of Europe Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
27. Asia Pacific Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
28. Asia Pacific Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
29. Asia Pacific Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
30. China Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
31. China Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
32. China Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
33. Japan Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
34. Japan Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
35. Japan Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
36. India Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
37. India Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
38. India Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
39. Rest of Asia Pacific Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
40. Rest of Asia Pacific Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
41. Rest of Asia Pacific Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
42. Latin America Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
43. Latin America Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
44. Latin America Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
45. Brazil Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
46. Brazil Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
47. Brazil Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
48. Rest of Latin America Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
49. Rest of Latin  America Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
50. Rest of Latin America Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
51. The Middle East and Africa Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
52. The Middle East and Africa Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
53. The Middle East and Africa Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
54. Saudi Arabia Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
55. Saudi Arabia Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
56. Saudi Arabia Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
57. South Africa Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
58. South Africa Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
59. South Africa Propylene Marketrevenue, By End-User,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Propylene Marketrevenue, By Grade  ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Propylene Marketrevenue, By Derivative,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Propylene Marketrevenue, By End-User,2018–2028(USD Billion)

 
 

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FrequentlyAsked Questions

Increase in use of propylene in commercial vehicles is likely to transcend propylene industry surge in years ahead. Apparently, humungous necessity of sustainable packaging of food products such as nuts, rice, and sauces is set to optimize development of propylene market in upcoming years. A prominent increase in shale gas production in Asia Pacific countries will further contribute towards revenue of propylene market. Moreover, manufacturers are trying to produce green & sustainable products as a part of their corporate social responsibility to protect environment. This, in turn, will culminate into humungous growth of propylene market in years ahead. Furthermore, the product is used for manufacturing polypropylene plastics for fibers and injection molding. Apart from this, it also finds large-scale applications in plastic & chemical sectors.    

According to Zion market research report, the global Propylene Market accrued earnings worth approximately 91.2 (USD Billion) in 2020 and is predicted to gain revenue of about 138.01(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the regional market size over the projected timeline. The regional market surge is subject to rise in utilization of the chemical compound in countries such as Japan, China, and India. For the record, China is predicted to contribute nearly over 50% of production capacity in Asia and nearly 47% of global production capacity in upcoming years. Surge in demand for bulk polymers along with demand for propylene in manufacturing of sweaters, home furnishings, and sportswear fabrics will culminate into humungous growth of propylene market in Asia Pacific zone. 

The key market participants include Exxon Mobil Corporation, The Dow Chemical Company, LyondellBasell Industries, INEOS Group Limited, BASF SE, Sumitomo Chemical Company Limited, Saudi Basic Industries Corporation, Chemical Company, LLC, and Formosa Plastics Group.

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