Propylene-Petrochemicals Global Market Report 2023 Propylene-Petrochemicals Global Market Report 2023 – By Type (Homopolymer, Copolymer), By Application (Injection Molding, Fiber and Raffia, Film and Sheet, Blow Molding), By End User Industry (Automotive, Construction, Packaging, Textile, Other End-Use Industries) – Market Size, Trends, And Market Forecast 2023-2032 ...(expand)

Propylene petrochemical is a basic versatile chemical as ethylene used in the manufacture of common household items. Propylene is a component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol. For further insights on the propylene-petrochemicals market, request a sample here

The propylene-petrochemicals market growth is aided by growth in the automobile industry. However, some propylene-petrochemicals market restraints include stringent safety regulations associated with the manufacture and transportation of propylene. For further insights on the propylene-petrochemicals market, request a sample here

The propylene-petrochemicals market is expected to reach $121.74 billion in 2027 at a rate of 3.2%. For further insights on the propylene-petrochemicals market, request a sample here

The global propylene-petrochemicals market is segmented as
1) By Type: Homopolymer, Copolymer
2) By Application: Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding
3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries
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Asia-Pacific was the largest region in the propylene-petrochemicals market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the propylene-petrochemicals market are, AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company, China National Petroleum Corp. (CNPC), China Petrochemical Corporation, Dangote Industries Ltd, Eni SpA, Enterprise Products Partners L.P., Exxon Mobil Corporation., Formosa Plastics Group (FPG), Haldia Petrochemicals Ltd, Honeywell International Inc, Huntsman International LLC., Ineos Group Ltd., Linde, LyondellBasell Industries Holdings B.V., Manali Petrochemical, Oleon NV, Reliance Industries Ltd., Repsol, Royal Dutch Shell PLC, Saudi Basic Industries Corp. (SABIC), Shanghai Secco, Sinopec Corp., Solventis, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, Total S.A., Valero Energy Corp. For further insights on the propylene-petrochemicals market, request a sample here.

Major trends influencing the propylene-petrochemicals market include adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of the traditional fluid catalytic cracking unit which increases propylene yield by 20% more than the actual output. Traditional sources for propylene, which include steam crackers and oil refineries, yield fewer propylene as a derivative or co-product due to a shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing in developing on-purpose technologies to accelerate the shortfall in propylene production. Major on-purpose technologies include propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP), and gas-to-olefins (GTO). For further insights on the propylene-petrochemicals market, request a sample here.

For detailed insights on the major opportunities and strategies in the propylene-petrochemicals market, request a sample here.

For detailed insights on propylene-petrochemicals market's relation to the overall economy and other similar markets, request a sample here.

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For detailed insights on the key dynamics influencing the propylene-petrochemicals market growth and SWOT analysis of the propylene-petrochemicals industry, request a sample here.