Press release
(2020-2023) Propylene Market Size, Share, Growth And Trends, Key Players | AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE
Propylene Market
The global propylene market reached a value of nearly $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 $77.8 billion by 2023.
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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 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.
Propylene Market Segmentation: -
By End-Use Industry
Automotive
Construction
Packaging
Textile
Others
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Few Points From Table Of Content
1. Executive Summary
2. Propylene Market Characteristics
3. Propylene Market Size And Growth
4. Propylene Market Segmentation
5. Propylene Market Regional And Country Analysis
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25. Propylene Market Competitive Landscape And Company Profiles
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
The report covers the trends and market dynamics of the Propylene Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Propylene 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.
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