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Global Propylene-Petrochemicals Market Size, Share and Trends Analysis Report, Forecast 2023-2032 |AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company
Propylene-Petrochemicals Market
As per the Propylene-Petrochemicals market report by The Business Research Company, 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, instrument panels, fender liners, door trims, and other components.
The global propylene-petrochemicals market size will grow from $104.04 billion in 2022 to $107.4 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. 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-petrochemicals market size is expected to grow from $121.74 billion in 2027 at a CAGR of 3.2%.
Read More On The Propylene-Petrochemicals Market Report Here:
https://www.thebusinessresearchcompany.com/report/propylene-petrochemicals-global-market-report
Major competitors in the Propylene-Petrochemicals market include 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, Enterprise Products Partners L.P., and Exxon Mobil Corporation.
The Propylene-Petrochemicals market is segmented -
• By Type: Homopolymer, Copolymer
• By Application: Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding
• By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries. Asia-Pacific was the largest region in the propylene-petrochemical market in 2022.
Request A Free Sample Of The Propylene-Petrochemicals Market Report Here:
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Propylene petrochemical 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 main types of propylene petrochemicals are homopolymers and copolymers. A homopolymer is a polymer like polyethylene consisting of identical monomer units.
The Table Of Content For The Propylene-Petrochemicals Market Include:
1. Executive Summary
2. Propylene Market Characteristics
3. Propylene Market Trends And Strategies
4. Propylene Market - Macro Economic Scenario
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
The "Global Propylene-Petrochemicals 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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