Propylene Market, By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Alcohols, Acrylic acid & Acrylates, and Others), By End-Use Industry (Automotive, Construction, Textile, Packaging, and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East, Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI16419 | Publish Date: March 2024 | No. of Pages: 168

Global Propylene Market By Derivatives Overview

Propylene is considered an essential building block in petrochemicals. Propylene has a wide array of applications ranging from automotive, textile, and packaging to construction, etc. Major derivatives of propylene include polypropylene and propylene oxide. Propylene with its derivatives is majorly used in packaging and automotive industries across the globe. Propylene is an alkene, which means it has three double-bonded carbon atoms. After ethylene, it is the second most often used petrochemical. Propylene, also known as propene, is a byproduct of oil and natural gas refining. As a result of splitting bigger hydrocarbons during oil refining, ethylene, propene, and other chemicals are generated. Naphtha cracking, which is meant to produce ethylene and results from refinery cracking producing other products, is a key source of propylene. Propane dehydrogenation produces propylene and hydrogen as a byproduct. The most extensively utilised propylene manufacturing technologies are fluid catalytic cracking splitters and On-Purpose Technology (OPT). Films, fibres, containers, packaging, and caps and closures are only a few of the applications. Propylene Market accounted for US$ 3.67 billion in 2020 and is estimated to be US$ 5.66 billion by 2030 and is anticipated to register a CAGR of 4.50%.

Global Propylene Market By Derivatives Dynamics

Rising demand for polypropylene

Rising demand for polypropylene and its various derivatives from various end-use industries, especially from the automotive industries across the globe is a major factor driving growth of the global market currently. However, problem associated with use of propylene at high temperatures is a major factors hampering growth of the global market. One of the primary factors driving the growth of the propylene market is the increase in demand for propylene from the building industry around the world. The increased use of propylene in various sectors such as packaging, textiles, construction, automotive, and others, as well as the increased demand for polymers made from propylene monomer in the automotive sector, are driving market expansion. The market is also influenced by rising demand for polypropylene goods, which are used in the manufacture of interior trim, instrument panels, door trims, battery boxes and trays, fender liners, bumpers, and other components, as well as the continued expansion of the e-commerce industry. In addition, the propylene market benefits from the expansion of end-user industries, urbanisation and industrialization, and an increase in investment for infrastructure development.

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Global Propylene Market By Derivatives Segmentation

The propylene market has been segmented on the basis of derivatives, end-use industry, and region.

The propylene segment includes polypropylene, propylene oxide, cumene, acrylonitrile, alcohols, acrylic acid & acrylates, and others. Further the global market is segmented by end-use industry, which includes automotive, construction, textile, packaging, and others.

Regional Insights:

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to rapid industrialization and rising demand for propylene from various end-use industries in countries in the region. Also, the market in North America is expected to account for second-highest revenue share in the global market, followed by the market in Europe.

Moreover, the market in Asia Pacific is projected to witness significant growth over the forecast period. This is due to growing demand for propylene and propylene derivatives from automotive and construction industries in emerging economies in the region. 

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Derivatives- Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Alcohols, Acrylic Acid & Acrylates, And Others

By End User – Automotive, Construction, Textile, Packaging, And Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Propylene Market report based on Derivatives, End User and Region.

 

Propylene Market, By Region:

 

  • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Propylene Market By Derivatives Key Players

The key players operating in the propylene market include, China Petroleum & Chemical Corporation, BASF SE, ExxonMobil Corporation, The DOW Chemical Company, LyondellBasell Industries N.V., SABIC, BP Plc., and IRPC Plc.

Global Propylene Market By Derivatives Company Profile

  • China Petroleum & Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ExxonMobil Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The DOW Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LyondellBasell Industries N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SABIC, BP Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IRPC Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Propylene Market By Derivatives Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Derivatives
    • Market Snippet, By End-Use Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Propylene Market, By Derivatives, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Polypropylene
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Propylene oxide
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cumene
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Acrylonitrile
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Alcohols
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Acrylic acid & Acrylates
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Propylene Market, By End-Use Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Packaging
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Propylene Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Derivatives, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Derivatives, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Derivatives, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Derivatives, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Derivatives, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • China Petroleum & Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ExxonMobil Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The DOW Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LyondellBasell Industries N.V
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SABIC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BP Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IRPC Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global propylene market has been segmented on the basis of derivatives, end-use industry, and region.

Rising demand for polypropylene and its various derivatives from various end-use industries, especially from the automotive industries across the globe is a major factor driving growth of the global market currently. However, problem associated with use of propylene at high temperatures is a major factors hampering growth of the global market.

Asia Pacific is projected to witness significant growth over the forecast period. This is due to growing demand for propylene and propylene derivatives from automotive and construction industries in emerging economies in the region.

The key players operating in the global propylene market include, China Petroleum & Chemical Corporation, BASF SE, ExxonMobil Corporation, The DOW Chemical Company, LyondellBasell Industries N.V., SABIC, BP Plc., and IRPC Plc.