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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

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : | Delivery Time: 2-3 business days | Format :


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 component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol.

The main types of propylene petrochemicals are homopolymers and copolymers. A homopolymer is a polymer like polyethylene consisting of identical monomer units. The various applications are injection molding, fibre and raffia, film and sheet, and blow molding. The end-user industries are automotive, construction, packaging, textiles, and other end-user industries.

The propylene-petrochemical market research report is one of a series of new reports from The Business Research Company that provides propylene-petrochemical market statistics, including propylene-petrochemical industry global market size, regional shares, competitors with a propylene-petrochemical market share, detailed propylene-petrochemical market segments, market trends and opportunities, and any further data you may need to thrive in the propylene-petrochemical industry. This propylene-petrochemical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global propylene-petrochemicals market grew from $92.81 billion in 2021 to $102.62 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The propylene-petrochemicals market is expected to grow to $107.99 billion in 2026 at a CAGR of 1.3%.

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, instrument 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 vehicle 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 manufacture and transportation of propylene were a significant market restraint. 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 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 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, 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. Middle East was the second-largest region in the propylene-petrochemicals market. The regions covered in the propylene-petrochemical 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 & Raffia, Film & Sheet, Blow Molding

3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries  

    Table Of Contents

    1. Executive Summary

    2. Propylene Market Characteristics

    3. Propylene Market Trends And Strategies

    4. Propylene Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Propylene Market

    4.2 Ukraine-Russia War Impact On Propylene Market

    4.3 Impact Of High Inflation On Propylene Market

    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. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. 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

List Of Figures

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