Propylene Market, By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Alcohols, Acrylates, and Others), By End-use Industry (Automotive, Construction, Textiles, Packaging, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The propylene market has been witnessing significant growth over the past few years owing to the increasing demand from various end-use industries. Propylene is an organic chemical that finds wide usage as a monomer to produce various petrochemical and plastic products. It is a colorless gas with a faint petroleum-like odor and is produced as a co-product along with ethylene during the refining of crude oil and the steam cracking of natural gas liquids. Rising consumption of polypropylene which utilizes propylene as a raw material in applications such as packaging films, plastic parts for automotive, and consumer durables has been driving the growth of the propylene market. Additionally, increasing penetration of propylene in various derivatives including propylene oxide, cumene, and acrylic acid will continue to support the market expansion in the coming years.
Market Dynamics:
The key factors spurring the growth of the propylene market include rapid industrialization and infrastructure development activities in emerging economies boosting polypropylene consumption, growing demand for unsaturated polyester resins from construction industry, expansion of petrochemical industry, and increasing polymer applications in various end-use sectors. However, volatility in crude oil prices leading to uncertainties in raw material supply and costs is expected to restrain the market growth. On the other hand, shifting focus towards bio-based propylene production using biomass is likely to present new opportunities for market players over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global propylene market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global propylene market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include BASF SE, BP Plc., China Petroleum & Chemical Corporation, ExxonMobil Corporation, IRPC Plc., LyondellB, DHALOP CHEMICALS, Vizag Chemical, Borealis AG, Braskem, Daelim Co. Ltd, TotalEnergies, INEOS, SABIC, SIBUR International GmbH, Sumitomo Chemical Co. Ltd, INEOS, Daelim Co. Ltd, and Borealis AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global propylene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propylene market
- By Derivatives:
- Polypropylene
- Propylene oxide
- Cumene
- Acrylonitrile
- Alcohols
- Acrylates
- Others
- By End-use Industry:
- Automotive
- Construction
- Textiles
- Packaging
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- BASF SE
- BP Plc.
- China Petroleum & Chemical Corporation
- ExxonMobil Corporation
- IRPC Plc.
- LyondellB
- DHALOP CHEMICALS
- Vizag Chemical
- Borealis AG
- Braskem
- Daelim Co. Ltd
- TotalEnergies
- INEOS
- SABIC
- SIBUR International GmbH
- Sumitomo Chemical Co. Ltd
- INEOS
- Daelim Co. Ltd
- Borealis AG
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Derivatives
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- 4. Global Propylene Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Propylene Market
- Impact Analysis
- 5. Global Propylene Market, By Derivatives, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polypropylene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Propylene oxide
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Cumene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Acrylonitrile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Alcohols
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Acrylates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- 6. Global Propylene Market, By End-use Industry, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Textiles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
- 7. Global Propylene Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Derivatives, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Derivatives, 2019 – 2031, (US$ Bn))
- Market Size and Forecast, By End-use Industry, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Derivatives, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Derivatives, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Derivatives, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
- 8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BP Plc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- China Petroleum & Chemical Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- ExxonMobil Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- IRPC Plc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LyondellB
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- DHALOP CHEMICALS
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Vizag Chemical
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Borealis AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Braskem
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Daelim Co. Ltd
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- TotalEnergies
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- INEOS
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- SABIC
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- SIBUR International GmbH
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Sumitomo Chemical Co. Ltd
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- INEOS
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Daelim Co. Ltd
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Borealis AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Section
- References
- Research Methodology
- About Us and Sales Contact
- * Browse 25 market data tables* and 20 figures* on “Global Propylene Market” - Global forecast to 2031.
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