Propylene Market - Size, Share, trends, and Forecast, 2022 - 2028

Propylene Market - Size, Share, trends, and Forecast, 2022 - 2028

Propylene is used in various end-use industries such as automotive, construction, textile, packaging, and others. Propylene is considered as one of the key building blocks of petrochemicals and the second highly used petrochemical after ethylene. Major propylene derivatives are polypropylene, propylene oxide, cumene, acrylonitrile, oxoalcohols, isopropyl alcohol, acrylic acid, and acrylate.
Market Dynamics
Polypropylene segment accounted for highest revenue share in the propylene market in 2016, and the segment is projected to retain its position over the forecast period due to high demand for polypropylene and its alloys in automotive industry. In packaging, polypropylene has a variety of application such as bottles, food packaging, and biaxially oriented polypropylene. Therefore, packaging segment is the major segment in end-use Industry.
Asia Pacific dominated the market in 2016, and the region is projected to be the fastest growing in the global propylene market over the forecast period. The growth of Asia Pacific propylene market is attributed to increasing demand from end-use industries along with strategic investment by market players such as IRPC Plc., Fujian Meide Petrochemical in the region to tap potential market in China, India, and South Korea. For instance, in December 2016, Thai IRPC announced to expand its local production capacity of propylene by 63% to boost its long-term earnings growth.
Key features of the study:

This report provides in-depth analysis of propylene and provides market size (US$ Million & Million Metric Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global propylene market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes China Petroleum & Chemical Corporation, China National Petroleum Corporation (CNPC), BASF SE, ExxonMobil Corporation, LyondellBasell Industries N.V., The DOW Chemical Company, SABIC, and BP Plc.
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology upgrade, market expansion, and marketing tactics
The global propylene market report caters to various stakeholders in this industry including investors, suppliers, propylene manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the propylene market

Detailed Segmentation:

Global Propylene Market, By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others (Isobutyl benzene, EPDM rubbers)

Global Propylene Market, By End-use Industry:

Automotive
Construction
Textiles
Packaging

Others (Solvents, Pharmaceuticals)

Global Propylene Market, By Geography:

North America

U.S.

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Canada

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Europe

U.K.

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Germany

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Italy

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

France

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Russia

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Spain

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Rest of Europe

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Asia Pacific

China

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

India

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Japan

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

ASEAN

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Australia

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

South Korea

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Rest of Asia Pacific

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Latin America

Brazil

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Mexico

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Argentina

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Rest of Latin America

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Middle East

GCC

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Israel

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Rest of Middle East

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Africa

Northern Africa

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Central Africa

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

South Africa

By Derivative:

Polypropylene
Propylene oxide
Cumene
Acrylonitrile
Alcohols (Oxo-alcohols, Isopropyl alcohol)
Acrylic acid & Acrylates
Others

By End-use Industry:

Automotive
Construction
Textiles
Packaging
Others

Company Profiles

China Petroleum & Chemical Corporation*

Company Overview
Product Portfolio
Financial PerTypeance
Key Strategies
Recent Developments
Future Plans

BASF SE
ExxonMobil Corporation
The DOW Chemical Company
LyondellBasell Industries N.V.
SABIC
BP Plc.
IRPC Plc.

“*” marked represents similar segmentation in other categories in the respective section.