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Propylene Market Size In 2023 | New Emerging Trends With Future Demand & Analysis By Top Leading Player - AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company

Propylene Market

Propylene Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the propylene market report by The Business Research Company, the use of plastics in automobiles is increased will continue to be a driver of the propylene market. 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, instrument panels, fender liners, door trims, and other components. According to the International Energy Agency, car sales reached 73 million in 2020 and are expected to increase more in the future.

The global propylene market size will grow from $92.81 billion in 2021 to $102.62 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global propylene market size is expected to grow to $107.99 billion in 2026 at a CAGR of 1.3%.

Read More On The Propylene Market Report Here:
https://www.thebusinessresearchcompany.com/report/propylene-global-market-report

Major competitors in the Propylene market include AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company.

The Propylene market is segmented -
• By Derivatives: Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Other Derivatives.
• By Application: Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other Applications.
• By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Propylene market.

Request A Free Sample Of The Propylene Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2742&type=smp

Propylene is a basic versatile chemical as ethylene used in the manufacture of common household items. Propylene is a component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol.

The Table Of Content For The Propylene Market Include:
1. Executive Summary
2. Propylene Market Characteristics
3. Propylene Market - Macro Economic Scenario
4. Propylene Market Size And Growth
5. Propylene Market Segmentation
……
26. Propylene Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Propylene Market
28. Propylene Market Trends And Strategies
29. Propylene Market Future Outlook and Potential Analysis
30. Appendix

The "Global Propylene Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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