Global PDH Equipment Market Growth 2023-2029

Global PDH Equipment Market Growth 2023-2029

According to our LPI (LP Information) latest study, the global PDH Equipment market size was valued at US$ 2263.7 million in 2022. With growing demand in downstream market, the PDH Equipment is forecast to a readjusted size of US$ 3454.4 million by 2029 with a CAGR of 6.2% during review period.

The research report highlights the growth potential of the global PDH Equipment market. PDH Equipment are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of PDH Equipment. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the PDH Equipment market.

The PDH device is the process of dehydrogenating propane to produce propylene. In addition to the main product propylene, there will also be by-product hydrogen resources. This is also one of the devices with the largest by-product hydrogen resources in chemical production.

In 2022, China's propylene industry will add 6.11 million tons/year of new production capacity, a year-on-year increase of 12%. The new production capacity will be mainly based on the PDH process, followed by the steam cracking process. As of 2022, PDH production capacity has surpassed catalytic cracking and coal (methanol) to olefins, becoming the second most mainstream process after steam cracking. It is expected that during the "14th Five-Year Plan" period, domestic propylene production capacity will continue to expand, and production capacity growth will continue the "lightweight" development route.

Key Features:

The report on PDH Equipment market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the PDH Equipment market. It may include historical data, market segmentation by Type (e.g., Mixed Dehydrogenation (MDH) Unit, Pure Propane Dehydrogenation (PDH) Plant), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the PDH Equipment market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the PDH Equipment market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the PDH Equipment industry. This include advancements in PDH Equipment technology, PDH Equipment new entrants, PDH Equipment new investment, and other innovations that are shaping the future of PDH Equipment.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the PDH Equipment market. It includes factors influencing customer ' purchasing decisions, preferences for PDH Equipment product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the PDH Equipment market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting PDH Equipment market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the PDH Equipment market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the PDH Equipment industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the PDH Equipment market.

Market Segmentation:

PDH Equipment market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type

Mixed Dehydrogenation (MDH) Unit

Pure Propane Dehydrogenation (PDH) Plant

Segmentation by application

Oil Industry

Chemical Industry

This report also splits the market by region:

Americas
United States
Canada
Mexico
Brazil

APAC
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Qixiang Tengda

Sirbon

Zibo Xintai

Liaoning Kingfa

Honeywell

Lummus

thyssenkrupp Industrial

Key Questions Addressed in this Report

What is the 10-year outlook for the global PDH Equipment market?

What factors are driving PDH Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do PDH Equipment market opportunities vary by end market size?

How does PDH Equipment break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver. Show more