Propylene Market

Publisher Fortune Business Insights Pvt. Ltd.

Published Sep 01, 2024

Length 250 Pages

SKU # FOB19185775

Description

Propylene Market

Growth Factors of Propylene Market

The global propylene market size was valued at USD 121.34 billion in 2023 and is projected to grow from USD 127.85 billion in 2024 to USD 194.62 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted the propylene marketplace, inflicting delivery chain problems and fluctuating calls. While business slowdowns reduced production, increased calls for packaging and hygiene products furnished a temporary boost. The market is steadily recovering as operations normalize, impeding propylene market growth.

The propylene marketplace is driven by rising calls from the packaging, automotive, and construction industries. The increasing use of propylene in producing plastics, artificial fibers, and chemicals and manufacturing technology improvements fuel the marketplace boom. Additionally, growing industrialization and urbanization contribute to the increasing market.

The propylene marketplace is increasingly centered on sustainability and circular financial system principles. Using recycled propylene is gaining traction to reduce waste and sell aid conservation, expanding propylene market share globally. Additionally, research and improvement efforts are centered on producing propylene from renewable assets, including agricultural waste or biomass, and contributing to a more excellent sustainable production chain. This shift toward sustainable practices displays the growing recognition of environmental issues and the choice of merchandise that can be both powerful and eco-friendly.

Comprehensive Analysis of Propylene Market

The propylene marketplace is segmented based totally on derivatives and programs. In the derivatives segment, polypropylene leads because of its lightweight, durable, and versatile nature, making it crucial in the packaging, creation, and automobile industries. Propylene oxide is the quickest-growing derivative, pushed with the aid of the call for polyurethane foams utilized in production and car sectors. Acrylonitrile, acrylic acid, and cumene additionally play sizable roles in textiles, hygiene merchandise, and commercial chemical substances. In phrases of applications, packaging dominates the market, followed by speedy growth within the automobile region, with creation, consumer goods, and electronics also contributing notably.

The Asia Pacific region led the propylene market by benefitting a size of USD 76.28 billion in 2023 due to the developing middle class, increasing disposable profits, and growing population inside the area have all contributed to the product demand from the automobile.

The leading players in the propylene market significantly influence its growth trajectory and set industry standards. These key players, including China Petrochemical Corporation (China), LyondellBasell Industries Holdings B.V. (U.S.), Braskem (Brazil), PetroChina Company Limited (China), SABIC (Saudi Arabia), BASF SE (Germany), Reliance Industries Limited (India), Mitsui Chemicals, Inc. (Japan), Exxon Mobil Corporation (U.S.), and Shell plc (U.K.), contribute to a competitive landscape, driving innovation and market advancement.

In March 2024, Shell Chemicals began offering bio-round and bio-attributed propylene feedstock to Braskem. This supply will permit Braskem to provide more sustainable answers to meet the rising purchaser call for industries like movies, packaging, customer goods, and cars.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion) Volume (Million Ton)

Growth Rate CAGR of 5.4% during 2024-2032

Segmentation By Derivative

- Polypropylene

- Propylene Oxide

- Acrylonitrile

- Acrylic Acid

- Cumene

- Others

By Application

- Packaging

- Automotive

- Construction

- Consumer Goods

- Electrical & Electronics

- Others

By Region

- North America (By Derivative, Application, and Country)

U.S. (By Application)
Canada (By Application)

- Europe (By Derivative, Application, and Country)

Germany (By Application)
U.K. (By Application)
France (By Application)
Spain (By Application)
Italy (By Application)
Rest of Europe (By Application)

- Asia Pacific (By Derivative, Application, and Country)

China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of Asia Pacific (By Application)

- Latin America (By Derivative, Application, and Country)

Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)

- Middle East & Africa (By Derivative, Application, and Country)

Saudi Arabia (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Market Trends in the Global Market; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.; 4.3. Latest Technological Advancement; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Qualitative Insight on COVID-19 Impact
5. Global Propylene Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Derivative (Value/Volume); 5.2.1. Polypropylene; 5.2.2. Propylene Oxide; 5.2.3. Acrylonitrile; 5.2.4. Acrylic Acid; 5.2.5. Cumene; 5.2.6. Others; 5.3. By Application (Value/Volume); 5.3.1. Packaging; 5.3.2. Automotive; 5.3.3. Construction; 5.3.4. Consumer Goods; 5.3.5. Electrical & Electronics; 5.3.6. Others; 5.4. By Region (Value/Volume); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East & Africa
6. North America Propylene Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Derivative (Value/Volume); 6.2.1. Polypropylene; 6.2.2. Propylene Oxide; 6.2.3. Acrylonitrile; 6.2.4. Acrylic Acid; 6.2.5. Cumene; 6.2.6. Others; 6.3. By Application (Value/Volume); 6.3.1. Packaging; 6.3.2. Automotive; 6.3.3. Construction; 6.3.4. Consumer Goods; 6.3.5. Electrical & Electronics; 6.3.6. Others; 6.4. By Country; 6.4.1. U.S.; 6.4.1.1. By Application (Value/Volume); 6.4.1.1.1. Packaging; 6.4.1.1.2. Automotive; 6.4.1.1.3. Construction; 6.4.1.1.4. Consumer Goods; 6.4.1.1.5. Electrical & Electronics; 6.4.1.1.6. Others; 6.4.2. Canada; 6.4.2.1. By Application (Value/Volume); 6.4.2.1.1. Packaging; 6.4.2.1.2. Automotive; 6.4.2.1.3. Construction; 6.4.2.1.4. Consumer Goods; 6.4.2.1.5. Electrical & Electronics; 6.4.2.1.6. Others
7. Europe Propylene Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Derivative (Value/Volume); 7.2.1. Polypropylene; 7.2.2. Propylene Oxide; 7.2.3. Acrylonitrile; 7.2.4. Acrylic Acid; 7.2.5. Cumene; 7.2.6. Others; 7.3. By Application (Value/Volume); 7.3.1. Packaging; 7.3.2. Automotive; 7.3.3. Construction; 7.3.4. Consumer Goods; 7.3.5. Electrical & Electronics; 7.3.6. Others; 7.4. By Country (Value/Volume); 7.4.1. Germany; 7.4.1.1. By Application (Value/Volume); 7.4.1.1.1. Packaging; 7.4.1.1.2. Automotive; 7.4.1.1.3. Construction; 7.4.1.1.4. Consumer Goods; 7.4.1.1.5. Electrical & Electronics; 7.4.1.1.6. Others; 7.4.2. U.K.; 7.4.2.1. By Application (Value/Volume); 7.4.2.1.1. Packaging; 7.4.2.1.2. Automotive; 7.4.2.1.3. Construction; 7.4.2.1.4. Consumer Goods; 7.4.2.1.5. Electrical & Electronics; 7.4.2.1.6. Others; 7.4.3. France; 7.4.3.1. By Application (Value/Volume); 7.4.3.1.1. Packaging; 7.4.3.1.2. Automotive; 7.4.3.1.3. Construction; 7.4.3.1.4. Consumer Goods; 7.4.3.1.5. Electrical & Electronics; 7.4.3.1.6. Others; 7.4.4. Spain; 7.4.4.1. By Application (Value/Volume); 7.4.4.1.1. Packaging; 7.4.4.1.2. Automotive; 7.4.4.1.3. Construction; 7.4.4.1.4. Consumer Goods; 7.4.4.1.5. Electrical & Electronics; 7.4.4.1.6. Others; 7.4.5. Italy; 7.4.5.1. By Application (Value/Volume); 7.4.5.1.1. Packaging; 7.4.5.1.2. Automotive; 7.4.5.1.3. Construction; 7.4.5.1.4. Consumer Goods; 7.4.5.1.5. Electrical & Electronics; 7.4.5.1.6. Others; 7.4.6. Rest of Europe; 7.4.6.1. By Application (Value/Volume); 7.4.6.1.1. Packaging; 7.4.6.1.2. Automotive; 7.4.6.1.3. Construction; 7.4.6.1.4. Consumer Goods; 7.4.6.1.5. Electrical & Electronics; 7.4.6.1.6. Others
8. Asia-Pacific Propylene Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Derivative (Value/Volume); 8.2.1. Polypropylene; 8.2.2. Propylene Oxide; 8.2.3. Acrylonitrile; 8.2.4. Acrylic Acid; 8.2.5. Cumene; 8.2.6. Others; 8.3. By Application (Value/Volume); 8.3.1. Packaging; 8.3.2. Automotive; 8.3.3. Construction; 8.3.4. Consumer Goods; 8.3.5. Electrical & Electronics; 8.3.6. Others; 8.4. By Country (Value/Volume); 8.4.1. China; 8.4.1.1. By Application (Value/Volume); 8.4.1.1.1. Packaging; 8.4.1.1.2. Automotive; 8.4.1.1.3. Construction; 8.4.1.1.4. Consumer Goods; 8.4.1.1.5. Electrical & Electronics; 8.4.1.1.6. Others; 8.4.2. India; 8.4.2.1. By Application (Value/Volume); 8.4.2.1.1. Packaging; 8.4.2.1.2. Automotive; 8.4.2.1.3. Construction; 8.4.2.1.4. Consumer Goods; 8.4.2.1.5. Electrical & Electronics; 8.4.2.1.6. Others; 8.4.3. Japan; 8.4.3.1. By Application (Value/Volume); 8.4.3.1.1. Packaging; 8.4.3.1.2. Automotive; 8.4.3.1.3. Construction; 8.4.3.1.4. Consumer Goods; 8.4.3.1.5. Electrical & Electronics; 8.4.3.1.6. Others; 8.4.4. South Korea; 8.4.4.1. By Application (Value/Volume); 8.4.4.1.1. Packaging; 8.4.4.1.2. Automotive; 8.4.4.1.3. Construction; 8.4.4.1.4. Consumer Goods; 8.4.4.1.5. Electrical & Electronics; 8.4.4.1.6. Others; 8.4.5. Rest of Asia-Pacific; 8.4.5.1. By Application (Value/Volume); 8.4.5.1.1. Packaging; 8.4.5.1.2. Automotive; 8.4.5.1.3. Construction; 8.4.5.1.4. Consumer Goods; 8.4.5.1.5. Electrical & Electronics; 8.4.5.1.6. Others
9. Latin America Propylene Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Derivative (Value/Volume); 9.2.1. Polypropylene; 9.2.2. Propylene Oxide; 9.2.3. Acrylonitrile; 9.2.4. Acrylic Acid; 9.2.5. Cumene; 9.2.6. Others; 9.3. By Application (Value/Volume); 9.3.1. Packaging; 9.3.2. Automotive; 9.3.3. Construction; 9.3.4. Consumer Goods; 9.3.5. Electrical & Electronics; 9.3.6. Others; 9.4. By Country (Value/Volume); 9.4.1. Brazil; 9.4.1.1. By Application (Value/Volume); 9.4.1.1.1. Packaging; 9.4.1.1.2. Automotive; 9.4.1.1.3. Construction; 9.4.1.1.4. Consumer Goods; 9.4.1.1.5. Electrical & Electronics; 9.4.1.1.6. Others; 9.4.2. Mexico; 9.4.2.1. By Application (Value/Volume); 9.4.2.1.1. Packaging; 9.4.2.1.2. Automotive; 9.4.2.1.3. Construction; 9.4.2.1.4. Consumer Goods; 9.4.2.1.5. Electrical & Electronics; 9.4.2.1.6. Others; 9.4.3. Rest of Latin America; 9.4.3.1. By Application (Value/Volume); 9.4.3.1.1. Packaging; 9.4.3.1.2. Automotive; 9.4.3.1.3. Construction; 9.4.3.1.4. Consumer Goods; 9.4.3.1.5. Electrical & Electronics; 9.4.3.1.6. Others
10. Middle East & Africa Propylene Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Derivative (Value/Volume); 10.2.1. Polypropylene; 10.2.2. Propylene Oxide; 10.2.3. Acrylonitrile; 10.2.4. Acrylic Acid; 10.2.5. Cumene; 10.2.6. Others; 10.3. By Application (Value/Volume); 10.3.1. Packaging; 10.3.2. Automotive; 10.3.3. Construction; 10.3.4. Consumer Goods; 10.3.5. Electrical & Electronics; 10.3.6. Others; 10.4. By Country (Value/Volume); 10.4.1. Saudi Arabia; 10.4.1.1. By Application (Value/Volume); 10.4.1.1.1. Packaging; 10.4.1.1.2. Automotive; 10.4.1.1.3. Construction; 10.4.1.1.4. Consumer Goods; 10.4.1.1.5. Electrical & Electronics; 10.4.1.1.6. Others; 10.4.2. South Africa; 10.4.2.1. By Application (Value/Volume); 10.4.2.1.1. Packaging; 10.4.2.1.2. Automotive; 10.4.2.1.3. Construction; 10.4.2.1.4. Consumer Goods; 10.4.2.1.5. Electrical & Electronics; 10.4.2.1.6. Others; 10.4.3. Rest of the Middle East & Africa; 10.4.3.1. By Application (Value/Volume); 10.4.3.1.1. Packaging; 10.4.3.1.2. Automotive; 10.4.3.1.3. Construction; 10.4.3.1.4. Consumer Goods; 10.4.3.1.5. Electrical & Electronics; 10.4.3.1.6. Others
11. Competitive Analysis: 11.1. Company Market Share/ Ranking Analysis, 2023; 11.2. Company Profiles; 11.2.1. China Petrochemical Corporation.; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent Developments; 11.2.2. LyondellBasell Industries Holdings B.V.; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent Developments; 11.2.3. Braskem; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent Developments; 11.2.4. PetroChina Company Limited; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent Developments; 11.2.5. SABIC; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent Developments; 11.2.6. BASF SE; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent Developments; 11.2.7. Reliance Industries Limited.; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent Developments; 11.2.8. Mitsui Chemicals, Inc.; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent Developments; 11.2.9. Exxon Mobil Corporation; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent Developments; 11.2.10. Shell plc; 11.2.10.1. Overview; 11.2.10.2. Description; 11.2.10.3. Product Portfolio; 11.2.10.4. Financials (Data as available in public domain and/or on paid databases); 11.2.10.5. Recent Developments
12. Strategic Recommendations

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