Propylene-Petrochemical Global Market Report 2022 – By Type (Homopolymer, Copolymer), By Application (Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding), By End-User Industry (Automotive, Construction, Packaging, Textile, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2022-2026

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The propylene-petrochemical 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 (propane), and is also used in the manufacturing of epoxy propane and propanol.

The main types of propylene-petrochemicals are homopolymer and copolymer. Homopolymer is a polymer like polyethylene consisting of identical monomer units. The various applications are injection molding, fiber and raffia, film & sheet, and blow molding. The end-user industries are automotive, construction, packaging, textile, and other end-user industries.

The global propylene-petrochemicals market size is expected to grow from $92.81 billion in 2021 to $97.56 billion in 2022 at a compound annual growth rate (CAGR) of 5.1%. The global propylene-petrochemical market size is expected to grow to $117.88 billion in 2026 at a CAGR of 4.8%.

The propylene market is expected to benefit from growth in the automobile industry during the forecast period. 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, in 2019, India became the fourth largest auto market, replacing Germany with around 3.99 million units sold in the passenger and commercial vehicles categories, 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 were 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 a 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, butane, benzene, and butadiene. The merger is expected to increase the efficiency and competitiveness of SABIC’s operations.

Major players 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, and Exxon Mobil Corporation.

Asia Pacific was the largest region in the propylene-petrochemical market in 2021. The Middle East was the second-largest region in the global propylene-petrochemicals market. The regions covered in the global propylene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the propylene-petrochemicals market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The global propylene-petrochemicals market is segmented -

1) By Type: Homopolymer, Copolymer

2) By Application: Injection Molding, Fiber and Raffia, Film and Sheet, Blow Molding

3) By End-User Industry: Automotive, Construction, Packaging, Textile, Others

    Table Of Contents

    1. Executive Summary

    2. Propylene Market Characteristics

    3. Propylene Market Trends And Strategies

    4. Impact Of COVID-19 On Propylene

    5. Propylene Market Size And Growth

    5.1. Global Propylene Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Propylene Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Propylene Market Segmentation

    6.1. Global Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Automotive

    Construction

    Packaging

    Textile

    Other End-Use Industries

    6.2. Global Propylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Homopolymer

    Copolymer

    6.3. Global Propylene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Injection Molding

    Fiber & Raffia

    Film & Sheet

    Blow Molding

    7. Propylene Market Regional And Country Analysis

    7.1. Global Propylene Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Propylene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Propylene Market

    8.1. Asia-Pacific Propylene Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Propylene Market

    9.1. China Propylene Market Overview

    9.2. China Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Propylene Market

    10.1. India Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Propylene Market

    11.1. Japan Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Propylene Market

    12.1. Australia Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Propylene Market

    13.1. Indonesia Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Propylene Market

    14.1. South Korea Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Propylene Market

    15.1. Western Europe Propylene Market Overview

    15.2. Western Europe Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Propylene Market

    16.1. UK Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Propylene Market

    17.1. Germany Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Propylene Market

    18.3. France Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Propylene Market

    19.1. Eastern Europe Propylene Market Overview

    19.2. Eastern Europe Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Propylene Market

    20.1. Russia Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Propylene Market

    21.1. North America Propylene Market Overview

    21.2. North America Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Propylene Market

    22.1. USA Propylene Market Overview

    22.2. USA Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Propylene Market

    23.1. South America Propylene Market Overview

    23.2. South America Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Propylene Market

    24.1. Brazil Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Propylene Market

    25.1. Middle East Propylene Market Overview

    25.2. Middle East Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Propylene Market

    26.1. Africa Propylene Market Overview

    26.2. Africa Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Propylene Market Competitive Landscape And Company Profiles

    27.1. Propylene Market Competitive Landscape

    27.2. Propylene Market Company Profiles

    27.2.1. AGC Chemicals

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Archer Daniels Midland Company

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Asahi Kasei Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. BASF SE

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Chevron Phillips Chemical Company

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Propylene Market

    29. Propylene Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Propylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Propylene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Propylene Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Propylene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Propylene Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: AGC Chemicals Financial Performance
  • Table 28: Archer Daniels Midland Company Financial Performance
  • Table 29: Asahi Kasei Corporation Financial Performance
  • Table 30: BASF SE Financial Performance
  • Table 31: Chevron Phillips Chemical Company Financial Performance

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