The Propylene Market Is Expected To Grow To $122.76 Billion In 2026 At A CAGR Of 4.6% - TBRC Reports

The global propylene market report by the business research company identifies the propylene market is expected to benefit from growth in the automobile industry during the forecast period. 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.

The global propylene market size is expected to grow from $96.47 billion in 2021 to $102.37 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The global propylene market size is expected to grow to $122.76 billion in 2026 at a CAGR of 4.6%.

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Asia Pacific was the largest region in the propylene market in 2021. The regions covered in the global propylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players 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.

The global propylene market is segmented -
1) By Derivatives: Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Other Derivatives
2) By Application: Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other Applications
3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries

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The Propylene Market Report Contents Include
1. Executive Summary
2. Propylene Market Characteristics
3. Propylene Market Trends And Strategies
4. Impact Of Covid-19 On Propylene
5. Propylene Market Size And Growth
....
26. Africa Propylene Market
27. Propylene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Propylene Market
29. Propylene Market Future Outlook And Potential Analysis
30. Appendix

This 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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