Propylene Market - Industry Insights, Global Analysis And Forecast to 2026
Propylene Market By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Others), Industrial Vertical (Automotive, Construction, Packaging, Textile, Others), Types (Purity 99%, Purity 99.5%, Others), Application (Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other), Production Process Technology (Steam Cracking, Refinery, OnPurpose), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Report Description Global propylene market is set to witness a steady CAGR of 4.15% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand of propylene from construction industry and rising prevalence for polyurethane is the major factor for the growth of this market. Propylene or propene is a colorless and flammable gas which is derived by cracking petroleum hydrocarbons. They are usually the byproduct of natural gas processing and oil refining. Cumene, alcohols, acrylic & acrylates, propylene oxide are some of the derivatives of the propylene. They are often used as fuel. They are usually converted into liquid by increasing the pressure so that they can be stored easily. Propylene is widely used in industries such as construction, packaging, textile, automotive and others.
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Major Key Players Some of the major players operating in this market are :
• • • • • • • • •
Dow, BASF SE Sumitomo Chemical Co., Ltd. Exxon Mobil Corporation. INEOS LyondellBasell Industries Holdings B.V. SABIC Asahi Kasei Corporation China Petrochemical Corporation Chevron Phillips Chemical Company
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Market Segmentation • By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Others) • By Industrial Vertical (Automotive, Construction, Packaging, Textile, Others) • By Application (Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other)
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Regional Analysis Based on geography, the market is segmented into five geographical regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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