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Propylene Global Market Report 2020

Starting Price : $ 4000.00 | Pages : 150 | Published : February 2020 | SKU CODE : 7328 | Format :


The propylene market consists of sales of propylene gas and its related services used in various industry verticals such as automotive, construction, and packaging industries. Propylene is a building block for the addition polymer, poly (propene) and is also used in the manufacturing of epoxy propane and propanol.

The global propylene market reached a value of nearly $83.7 billion in 2019, having grown at a compound annual growth rate (CAGR) of 2.95% since 2015, and is expected to grow at a CAGR of -1.81% to nearly $77.8 billion by 2023.

The propylene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the propylene market in 2019.

The propylene market is expected to benefit from growth in the automobile industry during the forecast period. The polypropylene is a polymer produced from the propylene monomer which is used in the automobile industry. Large scale production of automobiles is leading to an increase in demand for polypropylene products which are used in the manufacturing of battery cases and trays, bumpers, interior trim, instrumental panels, fender liners, door trims, and other components. For instance, the global motor vehicle market increased from $1,477.2 billion in 2014 to $2,085.1 billion in 2018, at a CAGR of 9%, thus increased use of plastics in automobiles is expected to increase the demand for propylene during the forecast period.

Stringent safety regulations associated with the manufacturing and transportation of propylene was a major restraint on the market. Propylene is highly inflammable, toxic and hazardous when exposed to extreme temperatures and pressures. Propylene suppliers should invest in equipment, technologies and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in the propylene industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth.

Petrochemical companies are 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 to 20% more than the actual output. Traditional sources for propylene which include steam crackers and oil refineries yield less propylene as a derivative or co-product due to shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing to develop on-purpose technologies to accelerate the shortfall of 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 Instance, major companies adopting this technology include, BASF, Dow Chemical, ExxonMobil Chemical and Sidi Kerir Petrochemicals Co (SIDPEC).

In October 2019, Saudi Basic Industries Corp (SABIC) completed a merger of its wholly-owned affiliates Saudi Petrochemical Company (Sadaf) and Arabian Petrochemical Company (Petrokemya). This deal will transfer Sadaf’s assets, rights, liabilities, and obligations to Petrokemya. Petrokemya produces feedstock chemicals including propylene, ethylene, butene, benzene, and butadiene. The merger is expected to increase the efficiency and competitiveness of SABIC’s operations.

The major players in the global propylene 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 and Enterprise Products Partners L.P.

The countries covered in the global propylene market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

The Global Propylene Market is segmented: 1) By End-Use Industry: Automotive, Construction, Packaging, Textile, Others

    1. Executive Summary

    2. Propylene Market Characteristics

    3. Propylene Market Size And Growth

    3.1. Global Propylene Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Propylene Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Propylene Market Segmentation

    4.1. Global Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Automotive

    Construction

    Packaging

    Textile

    Others  

    5. Propylene Market Regional And Country Analysis

    5.1. Global Propylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Propylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Propylene Market  

    6.1. Asia-Pacific Propylene Market Overview  

    6.2. Asia-Pacific Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Propylene Market  

    7.1. China Propylene Market Overview  

    7.2. China Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Propylene Market  

    8.1. India Propylene Market Overview  

    8.2. India Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Propylene Market  

    9.1. Japan Propylene Market Overview  

    9.2. Japan Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Propylene Market  

    10.1. Australia Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Propylene Market  

    11.1. Indonesia Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Propylene Market  

    12.1. South Korea Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Propylene Market  

    13.1. Western Europe Propylene Market Overview

    13.2. Western Europe Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Propylene Market  

    14.1. UK Propylene Market Overview

    14.2. UK Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Propylene Market  

    15.1. Germany Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Propylene Market  

    16.3. France Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Propylene Market  

    17.1. Eastern Europe Propylene Market Overview

    17.2. Eastern Europe Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Propylene Market  

    18.1. Russia Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Propylene Market  

    19.1. North America Propylene Market Overview

    19.2. North America Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Propylene Market  

    20.1. USA Propylene Market Overview

    20.2. USA Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Propylene Market  

    21.1. South America Propylene Market Overview

    21.2. South America Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Propylene Market  

    22.1. Brazil Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Propylene Market  

    23.1. Middle East Propylene Market Overview

    23.2. Middle East Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Propylene Market  

    24.1. Africa Propylene Market Overview

    24.2. Africa Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Propylene Market Competitive Landscape And Company Profiles

    25.1. Propylene Market Competitive Landscape

    25.2. Propylene Market Company Profiles

    25.2.1. AGC Chemicals

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Archer Daniels Midland Company

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Asahi Kasei Corporation

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. BASF SE

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Chevron Phillips Chemical Company

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Propylene Market

    27. Propylene Market Trends And Strategies

    28. Propylene Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Propylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Propylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Asia-Pacific, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: China, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: India, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: Japan, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Australia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Indonesia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: South Korea, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Western Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: UK, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Germany, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: France, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Eastern Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Russia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: North America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: USA, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: South America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: Brazil, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Middle East, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Africa, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: AGC Chemicals Financial Performance
  • Table 26: Archer Daniels Midland Company Financial Performance
  • Table 27: Asahi Kasei Corporation Financial Performance
  • Table 28: BASF SE Financial Performance
  • Table 29: Chevron Phillips Chemical Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Propylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Propylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Asia-Pacific, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: China, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: India, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: Japan, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Australia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Indonesia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: South Korea, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Western Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: UK, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Germany, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: France, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Eastern Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Russia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: North America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: USA, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: South America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: Brazil, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Middle East, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Africa, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: AGC Chemicals Financial Performance
  • Figure 26: Archer Daniels Midland Company Financial Performance
  • Figure 27: Asahi Kasei Corporation Financial Performance
  • Figure 28: BASF SE Financial Performance
  • Figure 29: Chevron Phillips Chemical Company Financial Performance
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