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Global Propylene Market 2016-2020

Global Propylene Market 2016-2020

About Propylene

Propylene is produced through traditional processes like steam cracking and fluid catalytic cracking (FCC). It is obtained as a byproduct of the steam cracking process of natural gas liquids and naphtha that is used for the production ethylene and from gasoline-producing refinery through the FCC process. Propylene and its derivatives are used in industries such as construction, automotive, furniture, decorative molding, and others.

Technavio’s analysts forecast the global propylene market to grow at a CAGR of 5.65% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global propylene market for 2016-2020. To calculate the market size, the report considers the sales volume of downstream propylene derivatives like polypropylene, propylene oxide, acrylonitrile, cumene, acrylic acid, and others.The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Propylene Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Dow Chemical
  • ExxonMobil Chemical
  • INEOS
  • LyondellBasell Industries
Other prominent vendors
  • DuPont
  • Sumitomo Chemical
  • Saudi Basic Industries
  • Chevron Phillips Chemical
Market driver
  • Increase in demand for polyurethane
  • For a full, detailed list, view our report
Market challenge
  • Environmental concerns regarding production of propylene
  • For a full, detailed list, view our report
Market trend
  • Growing preference for sustainable products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Propylene Market 2016-2020

Technavio recognizes the following companies as the key players in the global propylene market: BASF, Dow Chemical, ExxonMobil Chemical, INEOS, and LyondellBasell Industries.

Other Prominent Vendors in the market are: DuPont, Sumitomo Chemical, Saudi Basic Industries, and Chevron Phillips Chemical.

Commenting on the report, an analyst from Technavio’s team said: “Growing preference for sustainable products will be a key trend for market growth. According to a European Commission survey, 80% of the consumers in Europe prefer buying products that have minimal impact on the environment. Bio-polypropylene is already used extensively as a packaging material for making beverage bottle closures. Due to the growing consumer inclination toward bio-based products, food and beverage manufacturers are increasingly focusing on using bio-polypropylene as a packaging material. It is lightweight and has less wall-thickness capabilities, which helps in producing more finished goods using less raw materials.”

According to the report, increase in demand for polyurethane will be a key driver for market growth. Polyurethanes are made from propylene oxide and are used in sealants, thermal insulators, and flooring materials that are used in industries like packaging, automotive, footwear, furniture, and construction.

Further, the report states that propylene is derived from heavy feedstocks, which is derived from crude oil. Thus, the price of propylene depends on global crude oil prices. Vendors face challenges in areas such as the supply of raw materials, fluctuation in demand, and pricing volatility. Environmental concerns regarding the production of propylene derivatives of crude oil will lead to a decline in their consumption. Oil price fluctuation affects the production costs for many chemicals that constitute the downstream segment for petrochemicals. A continued oil price recovery will lead to the use of naphtha instead of ethane as a feedstock. More propylene can be produced from naphtha-based steam cracking process. Hence, propylene producers in economies such as China will increase the use of this method. Higher grades of ethylene can be produced from naphtha steam cracking, which also leads to the production of large amounts of propylene.

Companies Mentioned

BASF, Dow Chemical, ExxonMobil Chemical, INEOS, LyondellBasell Industries, DuPont, Sumitomo Chemical, Saudi Basic Industries, Chevron Phillips Chemical.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation of global propylene market
      • Table Market segmentation by production process
      • Table Market segmentation by downstream products
      • Table Segmentation by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
    • Propylene production process
      • Table Propylene production process
  • Market landscape
    • Global propylene market
      • Table Global propylene market 2015-2020 (million metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Segmentation by production process technology
    • Global propylene market by production process technology
      • Table Market segmentation by production process technology 2015
      • Table Market segmentation by production process technology 2020
      • Table Global propylene market: CAGR and market size 2015 (million metric tons)
    • Steam cracking production process
      • Table Steam cracking process for propylene production 2015-2020 (million metric tons)
    • Refinery production process
      • Table Refining technology process for propylene production 2015-2020 (million metric tons)
    • On-purpose production process
      • Table On-purpose process technology for propylene production 2015-2020 (million metric tons)
  • Market segmentation by downstream products
    • Global propylene market by downstream products
      • Table Market segmentation by downstream products 2015
      • Table Market segmentation by downstream products 2020
      • Table Global propylene market: CAGR and market size 2015 (million metric tons)
      • Table Downstream products of propylene and their application
    • Polypropylene
      • Table Global polypropylene market 2015-2020 (million metric tons)
    • Propylene oxide
      • Table Global propylene oxide market 2015-2020 (million metric tons)
    • Acrylonitrile
      • Table Global acrylonitrile market 2015-2020 (million metric tons)
    • Acrylic acid
      • Table Global acrylic acid market 2015-2020 (million metric tons)
    • Cumene
      • Table Global cumene market 2015-2020 (million metric tons)
    • Others
      • Table Global other downstream products market 2015-2020 (million metric tons)
  • Market segmentation by geography
    • Global propylene market by geography
      • Table Global propylene market by geography 2015
      • Table Global propylene market by geography 2020
      • Table Global propylene market: CAGR and market size 2015 (million metric tons)
    • Propylene market in North America
      • Table Propylene market in North America 2015-2020 (million metric tons)
    • Propylene market in Europe
      • Table Propylene market in Europe 2015-2020 (million metric tons)
    • Propylene market in APAC
      • Table Propylene market in APAC 2015-2020 (million metric tons)
    • Propylene market in ROW
      • Table Propylene market in ROW 2015-2020 (million metric tons)
  • Market drivers
    • Growing demand from China
      • Table Chinese propylene demand (million metric tons), net equivalent import (million metric tons), and production share 2010-2020
    • Increase in demand for polyurethane
      • Table Global polyurethane market 2015-2020 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Environmental concerns regarding production of propylene
    • Fluctuating raw material prices
      • Table Crude oil price 2009-2015 ($ per barrel)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing on-purpose production of propylene
    • Growing preference for sustainable products
  • Vendor landscape
    • Competitive scenario
    • Key vendors
      • Table Global propylene market: Key vendors 2015
    • Imports and exports
      • Table Global propylene market: Major importing countries 2015 (million tons)
      • Table Global propylene market: Major exporting countries 2015 (million tons)
    • Other prominent vendors
    • BASF
      • Table BASF: Business segmentation by revenue 2015
      • Table BASF: Product offerings
    • Dow Chemical
      • Table Dow Chemical: Business segmentation by revenue 2015
    • ExxonMobil Chemical
      • Table ExxonMobil Chemical: Product offerings
    • INEOS
      • Table INEOS: Key businesses
    • LyondellBasell Industries
      • Table LyondellBasell Industries: Business segmentation by revenue 2015
      • Table LyondellBasell Industries: Product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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