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 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
By Derivative
By End-User
By Region
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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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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