Propylene Global Market Report 2020

Region:Global

Author(s):

Product Code:7328

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Published on

March 2020

Total pages

200

Table of Content

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About the Report

About the Report

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 USD 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 USD 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 covered in this report is segmented by end-use industry into automotive, construction, packaging, textile, others.
 
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 USD 1,477.2 billion in 2014 to USD 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.
 
Major players in the 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.

Products

Products

1) By End-Use Industry: Automotive; Construction; Packaging; Textile; Others


Companies

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.

Exxon Mobil Corporation.

Formosa Plastics Group (FPG)

Haldia Petrochemicals Ltd

Honeywell International Inc

Huntsman International LLC.

Ineos Group Ltd.

Linde

LyondellBasell Industries Holdings B.V.

Manali Petrochemical

Oleon NV

Reliance Industries Ltd.

Repsol

Royal Dutch Shell PLC

Saudi Basic Industries Corp. (SABIC)

Shanghai Secco

Sinopec Corp.

Solventis

Sumitomo Chemical Co., Ltd.

The Dow Chemical Company

Total S.A.

Valero Energy Corp.

Table of Contents

Table of Contents

1. Executive Summary

2. Propylene Market Characteristics

3. Propylene Market Size And Growth

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

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

10. Australia Propylene Market

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

11. Indonesia Propylene Market

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

15. Germany Propylene Market

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

16. France Propylene Market

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

18. Russia Propylene Market

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

22. Brazil Propylene Market

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

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Propylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Propylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Asia-Pacific, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: China, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: India, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: Japan, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Australia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Indonesia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: South Korea, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Western Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: UK, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Germany, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: France, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Eastern Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Russia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: North America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: USA, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: South America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: Brazil, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Middle East, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Africa, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Propylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Propylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Asia-Pacific, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: China, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: India, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: Japan, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Australia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Indonesia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: South Korea, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Western Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: UK, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Germany, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: France, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Eastern Europe, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Russia, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: North America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: USA, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: South America, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: Brazil, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Middle East, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Africa, Propylene Market, Segmentation By End-Use Industry , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD 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

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