Press release
Propylene (PP) Market Size, Share | Industry Report 2024
Propylene (PP) Market
Industry at a Glance
Propylene is one of the largest consumed petrochemical derivatives across the world. It is widely used for the production of polypropylene, propylene oxide, acrylic acid, acrylonitrile, cumene among others. Escalating demand from end-use industries such as automotive & auto components, electrical appliances, paints & coatings, wires & cables, and FMCG. Significant growth of the automotive industry is expected to drive demand for polyurethane and in turn augment global market growth over the forecast period. Polyurethane is produced using PP oxide and finds wide application scope in flooring materials, adhesives & sealants, thermal insulators.
PP and its derivatives are extensively used for manufacturing plethora of downstream chemical products that find application in automotive, packaging, and electronics industry. Increasing polymer consumption coupled with latest developments within the polypropylene industry is further anticipated to boost overall industry growth over the forecast period. Integrated downstream derivatives and technologies have resulted in improved and efficient functioning of the value chain. Excessive capacity additions have been observed across the globe that has largely affected price trends in the recent times.
Click the link below to view the report description:
www.ameriresearch.com/product/propylene-market-size-report/
Key findings from the study: -
• PP and its derivatives are extensively used for manufacturing plethora of downstream chemical products that find application in automotive, packaging, and electronics industry.
• Companies such as Oriental Energy, Hebei Haiwei, Ningbo Fortune, and SK Gas have announced capacity expansions by the end of 2017.
• Key companies operating in the global market include Dow Chemicals, ExxonMobil, INEOS, LyondellBasell Industries, BASF, SABIC, Sumitomo Chemical, Chevron Phillips, DuPont, and Formosa Plastics Group.
Ameri Research has segmented the Propylene (PP) Market by material categories, product type, end-use and region:
Market Segmentation
Propylene Market by Application (Volume, Kilo Tons; Revenue, USD Million)
• Polypropylene
• Propylene Oxide
• Cumene
• Acrylonitrile
• Acrylic Acid
• Others
Propylene Market by Region (Volume, Kilo Tons; Revenue, USD Million)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa (MEA)
• Saudi Arabia
• UAE
Browse Full Report @ www.ameriresearch.com/product/propylene-market-size-report/
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Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-
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