Propylene Market Size Analysis, Industry Outlook, & Region Forecast, 2027 | Top Key Players ExxonMobil, Dow Chemicals, LyondellBasell Industries, etc

The Global Propylene market is forecast to reach USD 137.02 Billion by 2027, according to a new report by Reports and Data. Propylene, also known as methyl ethylene, is an organic compound on which the plastic and chemical sector is highly dependent. It has a wide range of applications, which contributes to the growth of the market. It is widely used in industrial & consumer products. Methyl Ethylene witnesses high demand from the automotive sector wherein polypropylene (PP), one of its major derivate and its alloys, is widely used over other types of plastics. It is also used in building insulation.

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The COVID-19 Impact: The COVID-19 pandemic is acting as an opportunity for growth of the sector. Plastics Industry Association, in its effort of reducing the outbreak, has requested to endorse the concept of single-use plastics, which can be considered as the safest option during the pandemic. It paves the path for polypropylene bags that are generally not recyclable and on carrying goods like dairy & meat products may leaks. It results in reducing the scope for reuse and further spreading the virus.

The Propylene market investigation report assesses the global market for the Propylene industry and provides revenue and capability forecasts for the projected period of 2021-2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Propylene market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.

Market Overview:

Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweighting, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.

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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Propylene market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Propylene market.

Leading companies operating in the market and profiled in the report include:

ExxonMobil, Dow Chemicals, LyondellBasell Industries, INEOS, BASF, LyondellBasell Industries, Sumitomo Chemical, SABIC, Chevron Phillips, and Formosa Plastics Group.

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Propylene Market Segmentation:

Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Polymer grade

Refinery grade

Chemical grade

Derivative Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Polypropylene

Cumene

Propylene oxide

Alcohols

Acrylonitrile

Acrylates

Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Packaging

Automotive

Textiles

Construction

Others

The global Propylene market is segmented into:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

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