The Propylene Market is expected to register a market growth rate of 4.43% during the forecast period of 2021-2028. The Data Bridge market research report provides analysis and insight into various factors that are expected to prevail during the forecast period and their impact on the growth of the market. The increasing demand for the product from the end-user industry is increasing the growth of the propylene market.
Propylene or propene refers to a dark, flammable gas produced by the breakdown of petroleum hydrocarbons. They are a by-product of gasoline gas processing and oil refining, and several propylene derivatives including acrylics and acrylates, propylene oxide, alcohols, and cumene. It is used as fuel.
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Drivers: Polypropylene Market
- Increasing demand for electric vehicles
- Growing preference and consumption of lightweight materials
- Increasing plastics pollution worldwide
- Presence of multiple substitutes
- Development of bioplastics
Propylene Market Market trends:
The global polypropylene market is segmented into two important segments based on their type and application.
Based on the type, the market is segmented into homopolymers and copolymers. In 2022, copolymers are expected to dominate the market with the largest market share.
Propylene Market Scope and Market Size
The propylene market is segmented by derivative, type, production process technology, application and industry branch. Growth in different segments will help you gain knowledge of the various growth factors that are expected to dominate the market and formulate different strategies to identify key application areas and differences in your target market.
Who are the major players operating in the market?
The major players covered in the propylene market report 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, Manali Petrochemical, AGC Chemicals, Royal Dutch Shell, Oleon NV, Repsol, Linde, Honeywell International Inc, Huntsman International LLC., Archer Daniels Midland Company, and Solventis among other domestic and global players. Market.
What are the key opportunities of the market?
The Propylene Market analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
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Major TOC of Propylene Market Forecast
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