Propylene Market

Global Propylene Market Size, Trends & Analysis - Forecasts to 2029 By Derivatives (Polypropylene, Propylene Oxide, Cumene, Acrylonitrile, Alcohols, Acrylates, and Others), By End-use Industry (Automotive, Construction, Textiles, Packaging, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on October 25 2024 with the latest and most recent market numbers

Global Propylene Market Size

The global propylene market is estimated to exhibit a CAGR of 3.9% from 2024 to 2029.

The primary factors propelling the market growth are the increased demand for polypropylene in automotive manufacturing and the growing use of propylene-based materials in electronics. Polypropylene, a key polymer derived from propylene, is extensively used in automotive parts due to its lightweight and durable properties. This surge in propylene applications in the automotive sector is driving the demand for propylene, thus influencing propylene pricing trends. As automotive manufacturers increasingly adopt polypropylene for components like bumpers and dashboards, the need for propylene derivatives grows. Consequently, the polypropylene market experiences growth, affecting the overall propylene supply chain. The increased consumption of propylene in automotive applications pushes suppliers to enhance production capacities and optimize logistics to meet the rising demand. For instance, according to the MarkLines, overall U.S. car sales rose 3.5% from January to May 2024, with 6,548,694 units sold compared to the same time in 2023.

The expansion of the packaging sector for consumer goods, along with the higher propylene production from shale gas, is expected to support the propylene market growth. The need for polypropylene, a propylene derivative, rises as packaging requirements rise, particularly for food and drinks. This boost in propylene consumption fuels a surge in the propylene manufacturing process, where producers enhance output to meet market needs. The propylene market analysis reveals that packaging applications are a major growth area, influencing propylene industry trends. These trends affect propylene trade dynamics, as global trade flows adjust to shifts in packaging demand. Consequently, the propylene market forecast shows robust growth potential driven by the expanding packaging sector. Propylene's competitive advantage is reinforced by the package design of consumer products, which affects pricing, production, and trade strategies.

Rising production of plastics and synthetic fibers coupled with the increasing demand for propylene-based materials from the construction industry propel market growth. As the construction industry expands, there is a growing need for propylene-derived materials like polypropylene, which are crucial for producing durable and high-performance building products. This surge impacts propylene export-import dynamics, driving increased trade volumes to meet global demand. Additionally, propylene end-use sectors such as automotive and packaging are also expanding, further boosting market growth. The availability and cost of propylene raw materials like propane are critical factors influencing production. Meanwhile, propylene by-products such as propylene glycol and acrylonitrile contribute additional revenue streams. Propylene plant capacity is continuously evolving to keep up with the increased demand. Overall, these elements collectively shape the propylene global market, reflecting an interconnected network of supply, demand, and production efficiency.

Research into bio-based propylene manufacturing is being driven by a growing emphasis on sustainability, which presents opportunities to satisfy regulatory requirements and access ecologically friendly markets. Additionally, propylene's ability to work with additive manufacturing techniques increases its utility in 3D printing applications and creates new opportunities for customized and specialized product creation.

However, fluctuations in the prices of propylene raw materials and stringent environmental regulations on emissions and waste management of propylene may impede market growth.

global propylene market

Global Propylene Market: By Derivatives

The polypropylene segment is expected to hold the largest share of the market over the forecast period. Polypropylene is a multipurpose polymer with widespread application in several sectors, such as consumer products, automotive, packaging, textiles, and construction. Propylene, the main raw ingredient used to make polypropylene, is in high demand due to its many applications.

The acrylates segment is expected to be the fastest-growing segment in the market from 2024 to 2029. Acrylates are vital ingredients in paints and coatings since they offer flexibility, resilience to weathering, and durability. The growing need for acrylates is partly due to the increasing usage of these coatings in the automobile and construction sectors.

Global Propylene Market: By End-use Industry

The packaging segment is expected to hold the largest share of the market over the forecast period. As the retail and e-commerce sectors grow, the need for packaging materials grows. Propylene-based products are widely utilized in packaging due to their affordability, durability, and lightweight nature, which supports the segment's growth.

The automotive segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The automotive sector increasingly focuses on reducing vehicle weight to improve fuel efficiency and reduce emissions. Lightweight polypropylene, which is derived from propylene, is utilized in bumpers, under-the-hood applications, and interior portions of automobiles, which drives the segment growth.

asia pacific propylene market

Global Propylene Market: By Region

North America is expected to be the largest region in the global market. Due to growing e-commerce activity and consumer demand for packaged goods, the packaging sector, a significant propylene consumer, is expanding in North America, fueling the growth of the regional market.

Asia Pacific is anticipated to witness rapid growth during the forecast period. Major production facilities for the automobile industry can be found in the Asia Pacific region, which includes China, Japan, South Korea, and India. The automobile industry uses a lot of propylene-based polymers, especially polypropylene, to make strong, lightweight components, driving the APAC market growth.

Global Propylene Market Share and Competitor Analysis

BASF SE, The Dow Chemical Company, ExxonMobil Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corp. (SABIC), BP Plc., Sinopec Corp., Total S.A., Valero Energy Corp., and Royal Dutch Shell PLC, among others, are some of the key players in the global propylene market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Propylene Market: Recent Developments

In March 2024, with an emphasis on sustainability, the US-based Dow Chemical Company launched two innovative propylene glycol (PG) solutions in North America. These solutions are appropriate for a variety of applications since they make use of circular and bio-circular feedstocks.

In October 2023, the Japan-based Sumitomo Chemical Co., Ltd. started the construction of a prototype facility to develop a technology to generate propylene from ethanol directly.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL PROPYLENE MARKET, BY Derivatives

4.1 Introduction

4.2 Propylene Market: Derivatives Scope Key Takeaways

4.3 Revenue Growth Analysis, 2023 & 2029

4.4 Polypropylene

4.4.1 Polypropylene Market Estimates and Forecast, 2021-2029 (USD Million)

4.5 Propylene Oxide

4.5.1 Propylene Oxide Market Estimates and Forecast, 2021-2029 (USD Million)

4.6 Cumene

4.6.1 Cumene Market Estimates and Forecast, 2021-2029 (USD Million)

4.7 Acrylonitrile

4.7.1 Acrylonitrile Market Estimates and Forecast, 2021-2029 (USD Million)

4.8 Alcohols

4.8.1 Alcohols Market Estimates and Forecast, 2021-2029 (USD Million)

4.9 Acrylates

4.9.1 Acrylates Market Estimates and Forecast, 2021-2029 (USD Million)

4.10 Others

4.10.1 Others Market Estimates and Forecast, 2021-2029 (USD Million)

5 GLOBAL PROPYLENE MARKET, BY END-USE INDUSTRY

5.1 Introduction

5.2 Propylene Market: End-use Industry Scope Key Takeaways

5.3 Revenue Growth Analysis, 2023 & 2029

5.4 Automotive

5.4.1 Automotive Market Estimates and Forecast, 2021-2029 (USD Million)

5.5 Construction

5.5.1 Construction Market Estimates and Forecast, 2021-2029 (USD Million)

5.6 Textiles

5.6.1 Textiles Market Estimates and Forecast, 2021-2029 (USD Million)

5.7 Packaging

5.7.1 Packaging Market Estimates and Forecast, 2021-2029 (USD Million)

5.8 Others

5.8.1 Others Market Estimates and Forecast, 2021-2029 (USD Million)

6 GLOBAL PROPYLENE MARKET, BY REGION

6.1 Introduction

6.2 North America Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1 By Derivatives

6.2.2 By End-use Industry

6.2.3 By Country

6.2.3.1 U.S. Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1 By Derivatives

6.2.3.1.2 By End-use Industry

6.2.3.2 Canada Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1 By Derivatives

6.2.3.2.2 By End-use Industry

6.2.3.3 Mexico Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1 By Derivatives

6.2.3.3.2 By End-use Industry

6.3 Europe Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1 By Derivatives

6.3.2 By End-use Industry

6.3.3 By Country

6.3.3.1 Germany Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1 By Derivatives

6.3.3.1.2 By End-use Industry

6.3.3.2 U.K. Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1 By Derivatives

6.3.3.2.2 By End-use Industry

6.3.3.3 France Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1 By Derivatives

6.3.3.3.2 By End-use Industry

6.3.3.4 Italy Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1 By Derivatives

6.3.3.4.2 By End-use Industry

6.3.3.5 Spain Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1 By Derivatives

6.3.3.5.2 By End-use Industry

6.3.3.6 Netherlands Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1 By Derivatives

6.3.3.6.2 By End-use Industry

6.3.3.7 Rest of Europe Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1 By Derivatives

6.3.3.6.2 By End-use Industry

6.4 Asia Pacific Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1 By Derivatives

6.4.2 By End-use Industry

6.4.3 By Country

6.4.3.1 China Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1 By Derivatives

6.4.3.1.2 By End-use Industry

6.4.3.2 Japan Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1 By Derivatives

6.4.3.2.2 By End-use Industry

6.4.3.3 India Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1 By Derivatives

6.4.3.3.2 By End-use Industry

6.4.3.4 South Korea Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1 By Derivatives

6.4.3.4.2 By End-use Industry

6.4.3.5 Singapore Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1 By Derivatives

6.4.3.5.2 By End-use Industry

6.4.3.6 Malaysia Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1 By Derivatives

6.4.3.6.2 By End-use Industry

6.4.3.7 Thailand Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1 By Derivatives

6.4.3.6.2 By End-use Industry

6.4.3.8 Indonesia Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1 By Derivatives

6.4.3.7.2 By End-use Industry

6.4.3.9 Vietnam Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1 By Derivatives

6.4.3.8.2 By End-use Industry

6.4.3.10 Taiwan Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Derivatives

6.4.3.10.2 By End-use Industry

6.4.3.11 Rest of Asia Pacific Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Derivatives

6.4.3.11.2 By End-use Industry

6.5 Middle East and Africa Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1 By Derivatives

6.5.2 By End-use Industry

6.5.3 By Country

6.5.3.1 Saudi Arabia Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1 By Derivatives

6.5.3.1.2 By End-use Industry

6.5.3.2 U.A.E. Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1 By Derivatives

6.5.3.2.2 By End-use Industry

6.5.3.3 Israel Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1 By Derivatives

6.5.3.3.2 By End-use Industry

6.5.3.4 South Africa Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1 By Derivatives

6.5.3.4.2 By End-use Industry

6.5.3.5 Rest of Middle East and Africa Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1 By Derivatives

6.5.3.5.2 By End-use Industry

6.6 Central and South America Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1 By Derivatives

6.6.2 By End-use Industry

6.6.3 By Country

6.6.3.1 Brazil Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1 By Derivatives

6.6.3.1.2 By End-use Industry

6.6.3.2 Argentina Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1 By Derivatives

6.6.3.2.2 By End-use Industry

6.6.3.3 Chile Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1 By Derivatives

6.6.3.3.2 By End-use Industry

6.6.3.3 Rest of Central and South America Propylene Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1 By Derivatives

6.6.3.3.2 By End-use Industry

7 COMPETITIVE LANDCAPE

7.1 Company Market Share Analysis

7.2 Four Quadrant Positioning Matrix

7.2.1 Market Leaders

7.2.2 Market Visionaries

7.2.3 Market Challengers

7.2.4 Niche Market Players

7.3.4 Rest of the World

7.4 Company Profiles

7.4.1 BASF SE

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2 The Dow Chemical Company

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3 ExxonMobil Corporation

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4 LyondellBasell Industries N.V.

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5 Saudi Basic Industries Corp. (SABIC)

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6 BP PLC.

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7 Sinopec Corp.

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8 Total S.A.

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9 Valero Energy Corp.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10 Royal Dutch Shell PLC

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11 Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8 RESEARCH METHODOLOGY

8.1 Market Introduction

8.1.1 Market Definition

8.1.2 Market Scope & Segmentation

8.2 Information Procurement

8.2.1 Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2 Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3 Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4 Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3 Market Estimation

8.3.1 Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2 Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4 Data Triangulation

8.4.1 Data Collection

8.4.2 Time Series, Cross Sectional & Panel Data Analysis

8.4.3 Cluster Analysis

8.5 Analysis and Output

8.5.1 Inhouse AI Based Real Time Analytics Tool

8.5.2 Output From Desk & Primary Research

8.6 Research Assumptions & Limitations

8.6.1 Research Assumptions

8.6.2 Research Limitations

LIST OF TABLES

1 Global Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

2 Polypropylene Market, By Region, 2021-2029 (USD Mllion)

3 Propylene Oxide Market, By Region, 2021-2029 (USD Mllion)

4 Cumene Market, By Region, 2021-2029 (USD Mllion)

5 Acrylonitrile Market, By Region, 2021-2029 (USD Mllion)

6 Alcohols Market, By Region, 2021-2029 (USD Mllion)

7 Acrylates Market, By Region, 2021-2029 (USD Mllion)

8 Others Market, By Region, 2021-2029 (USD Mllion)

9 Global Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

10 Automotive Market, By Region, 2021-2029 (USD Mllion)

11 Construction Market, By Region, 2021-2029 (USD Mllion)

12 Textiles Market, By Region, 2021-2029 (USD Mllion)

13 Packaging Market, By Region, 2021-2029 (USD Mllion)

14 Others Market, By Region, 2021-2029 (USD Mllion)

15 Regional Analysis, 2021-2029 (USD Mllion)

16 North America Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

17 North America Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

18 North America Propylene Market, By COUNTRY, 2021-2029 (USD Mllion)

19 U.S. Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

20 U.S. Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

21 Canada Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

22 Canada Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

23 Mexico Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

24 Mexico Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

25 Europe Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

26 Europe Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

27 EUROPE Propylene Market, By COUNTRY, 2021-2029 (USD Mllion)

28 Germany Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

29 Germany Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

30 U.K. Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

31 U.K. Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

32 France Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

33 France Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

34 Italy Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

35 Italy Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

36 Spain Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

37 Spain Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

38 Netherlands Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

39 Netherlands Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

40 Rest Of Europe Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

41 Rest Of Europe Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

42 Asia Pacific Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

43 Asia Pacific Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

44 ASIA PACIFIC Propylene Market, By COUNTRY, 2021-2029 (USD Mllion)

45 China Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

46 China Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

47 Japan Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

48 Japan Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

49 India Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

50 India Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

51 South Korea Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

52 South Korea Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

53 Singapore Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

54 Singapore Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

55 Thailand Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

56 Thailand Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

57 Malaysia Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

58 Malaysia Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

59 Indonesia Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

60 Indonesia Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

61 Vietnam Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

62 Vietnam Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

63 Taiwan Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

64 Taiwan Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

65 Rest of APAC Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

66 Rest of APAC Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

67 Middle East and Africa Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

68 Middle East and Africa Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

69 MIDDLE EAST & AFRICA Propylene Market, By COUNTRY, 2021-2029 (USD Mllion)

70 Saudi Arabia Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

71 Saudi Arabia Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

72 UAE Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

73 UAE Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

74 Israel Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

75 Israel Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

76 South Africa Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

77 South Africa Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

78 Rest Of Middle East and Africa Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

79 Rest Of Middle East and Africa Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

80 Central and South America Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

81 Central and South America Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

82 CENTRAL AND SOUTH AMERICA Propylene Market, By COUNTRY, 2021-2029 (USD Mllion)

83 Brazil Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

84 Brazil Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

85 Chile Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

86 Chile Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

87 Argentina Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

88 Argentina Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

89 Rest Of Central and South America Propylene Market, By Derivatives, 2021-2029 (USD Mllion)

90 Rest Of Central and South America Propylene Market, By End-use Industry, 2021-2029 (USD Mllion)

91 BASF SE: Products & Services Offering

92 The Dow Chemical Company: Products & Services Offering

93 ExxonMobil Corporation: Products & Services Offering

94 LyondellBasell Industries N.V.: Products & Services Offering

95 Saudi Basic Industries Corp. (SABIC): Products & Services Offering

96 BP PLC.: Products & Services Offering

97 Sinopec Corp.: Products & Services Offering

98 Total S.A.: Products & Services Offering

99 Valero Energy Corp., Inc: Products & Services Offering

100 Royal Dutch Shell PLC: Products & Services Offering

101 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Propylene Market Overview

2 Global Propylene Market Value From 2021-2029 (USD Mllion)

3 Global Propylene Market Share, By Derivatives (2023)

4 Global Propylene Market Share, By End-use Industry (2023)

5 Global Propylene Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Propylene Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Propylene Market

10 Impact Of Challenges On The Global Propylene Market

11 Porter’s Five Forces Analysis

12 Global Propylene Market: By Derivatives Scope Key Takeaways

13 Global Propylene Market, By Derivatives Segment: Revenue Growth Analysis

14 Polypropylene Market, By Region, 2021-2029 (USD Mllion)

15 Propylene Oxide Market, By Region, 2021-2029 (USD Mllion)

16 Cumene Market, By Region, 2021-2029 (USD Mllion)

17 Acrylonitrile Market, By Region, 2021-2029 (USD Mllion)

18 Alcohols Market, By Region, 2021-2029 (USD Mllion)

19 Acrylates Market, By Region, 2021-2029 (USD Mllion)

20 Others Market, By Region, 2021-2029 (USD Mllion)

21 Global Propylene Market: By End-use Industry Scope Key Takeaways

22 Global Propylene Market, By End-use Industry Segment: Revenue Growth Analysis

23 Automotive Market, By Region, 2021-2029 (USD Mllion)

24 Construction Market, By Region, 2021-2029 (USD Mllion)

25 Textiles Market, By Region, 2021-2029 (USD Mllion)

26 Packaging Market, By Region, 2021-2029 (USD Mllion)

27 Others Market, By Region, 2021-2029 (USD Mllion)

28 Regional Segment: Revenue Growth Analysis

29 Global Propylene Market: Regional Analysis

30 North America Propylene Market Overview

31 North America Propylene Market, By Derivatives

32 North America Propylene Market, By End-use Industry

33 North America Propylene Market, By Country

34 U.S. Propylene Market, By Derivatives

35 U.S. Propylene Market, By End-use Industry

36 Canada Propylene Market, By Derivatives

37 Canada Propylene Market, By End-use Industry

38 Mexico Propylene Market, By Derivatives

39 Mexico Propylene Market, By End-use Industry

40 Four Quadrant Positioning Matrix

41 Company Market Share Analysis

42 BASF SE: Company Snapshot

43 BASF SE: SWOT Analysis

44 BASF SE: Geographic Presence

45 The Dow Chemical Company: Company Snapshot

46 The Dow Chemical Company: SWOT Analysis

47 The Dow Chemical Company: Geographic Presence

48 ExxonMobil Corporation: Company Snapshot

49 ExxonMobil Corporation: SWOT Analysis

50 ExxonMobil Corporation: Geographic Presence

51 LyondellBasell Industries N.V.: Company Snapshot

52 LyondellBasell Industries N.V.: Swot Analysis

53 LyondellBasell Industries N.V.: Geographic Presence

54 Saudi Basic Industries Corp. (SABIC): Company Snapshot

55 Saudi Basic Industries Corp. (SABIC): SWOT Analysis

56 Saudi Basic Industries Corp. (SABIC): Geographic Presence

57 BP PLC.: Company Snapshot

58 BP PLC.: SWOT Analysis

59 BP PLC.: Geographic Presence

60 Sinopec Corp. : Company Snapshot

61 Sinopec Corp. : SWOT Analysis

62 Sinopec Corp. : Geographic Presence

63 Total S.A.: Company Snapshot

64 Total S.A.: SWOT Analysis

65 Total S.A.: Geographic Presence

66 Valero Energy Corp., Inc.: Company Snapshot

67 Valero Energy Corp., Inc.: SWOT Analysis

68 Valero Energy Corp., Inc.: Geographic Presence

69 Royal Dutch Shell PLC: Company Snapshot

70 Royal Dutch Shell PLC: SWOT Analysis

71 Royal Dutch Shell PLC: Geographic Presence

72 Other Companies: Company Snapshot

73 Other Companies: SWOT Analysis

74 Other Companies: Geographic Presence

The Global Propylene Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Inventory Tags Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Propylene Market.

Inventory Tags Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Inventory Tags Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Inventory Tags Market Share

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Frequently Asked Questions

What is the projected market size of the global propylene market?

The global propylene market is estimated to exhibit a CAGR of 3.9% from 2024 to 2029.

Who are the major vendors in the global propylene market?

What are the opportunities prevailing in the global propylene market?

Research into bio-based propylene manufacturing is being driven by a growing emphasis on sustainability, which presents opportunities to satisfy regulatory requirements and access ecologically friendly markets. Additionally, propylenes ability to work with additive manufacturing techniques increases its utility in 3D printing applications and creates new opportunities for customized and specialized product creation.

What are the major drivers for the global propylene market growth?

The primary factors propelling the market growth are the increased demand for polypropylene in automotive manufacturing and the growing use of propylene-based materials in electronics. Additionally, expansion of packaging sector for consumer goods along with the higher propylene production from shale gas are expected to support the propylene market growth.