Press release
Leading Element Driving Change in the Propylene-Petrochemicals Market in 2025: Automobile Industry Growth Fuels Demand For Propylene Products Driver
Propylene-Petrochemicals
The propylene market is predicted to gain from the expansion of the automobile sector in the projected period. The polymer polypropylene, made from propylene monomer, finds extensive application in car manufacturing. The rise in large-scale automobile production is causing a surge in the demand for polypropylene-based products, utilized in the making of elements like battery cases and trays, bumpers, interior trim, dashboard panels, fender liners, door trims, and more. For instance, projections from Goldman Sachs, a US-based investment banking firm, indicate that new car sales in developing markets should rise from 68 million in 2020 to 78 million by 2025. Therefore, the elevated usage of plastics in car manufacturing is anticipated to boost propylene-petrochemicals' demand in the forecasted period.
Get Your Propylene-Petrochemicals Market Report Here:
https://www.thebusinessresearchcompany.com/report/propylene-petrochemicals-global-market-report
How will the growth rate of the propylene-petrochemicals market shape industry trends by 2034?
The size of the propylene-petrochemicals market has seen a significant uptick in recent years. It is expected to escalate from $113.13 billion in 2024 to $119.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.6%. The upswing seen in the past can be credited to factors like enhanced feedstock availability and pricing, global economic development, expansion in consumer goods manufacturing, environmental norms, market rivalry, and industrial consolidation.
In the coming years, the propylene-petrochemicals market is set to experience robust growth. The market size is projected to reach $147.88 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. The predicted growth could be due to several factors like the move towards sustainable practices, increase in demand for packaging, energy transition, influence of the petrochemical industry, and government policies and incentives, as well as planned petrochemical projects. Key trends expected during the forecasted period involve advancements in production technology, a heightened interest in bio-based propylene, rise in propylene production capacity, the integration of cutting-edge catalytic technologies, and technological advancements in propylene derivatives.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3859&type=smp
What trends are poised to drive the future success of the propylene-petrochemicals market?
On-purpose propylene production technologies are being adopted by petrochemical companies to manufacture propylene as the primary product, rather than as a subsidiary or co-product. This approach involves a modified version of the conventional fluid catalytic cracking unit, which boosts the propylene output by an additional 20% compared to the standard yield. Traditional feedstocks for propylene production such as steam crackers and oil refineries produce less propylene due to a switch in feedstocks from naphtha to ethane. To satisfy the growing demand for propylene, petrochemical companies are investing in and pioneering on-purpose technologies to help reduce the deficit in propylene production. Propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP), and gas-to-olefins (GTO) are among the prominent on-purpose technologies. Companies like BASF, Dow Chemical, ExxonMobil Chemical, and Sidi Kerir Petrochemicals Co (SIDPEC) are among the major players implementing these technologies.
Which primary segments of the propylene-petrochemicals market are driving growth and industry transformations?
The propylene-petrochemicals market covered in this report is segmented -
1) By Type: Homopolymer, Copolymer
2) By Application: Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding
3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries
Subsegments:
1) By Homopolymer: Isotactic Polypropylene (iPP), Atactic Polypropylene (aPP), Syndiotactic Polypropylene (sPP)
2) By Copolymer: Random Copolymer, Block Copolymer
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3859
Which geographical regions are pioneering growth in the propylene-petrochemicals market?
Asia-Pacific was the largest region in the propylene-petrochemical market in 2024. Middle East was the second-largest region in the global propylene-petrochemicals market. The regions covered in the propylene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the propylene-petrochemicals market landscape?
Major companies operating in the propylene-petrochemicals market include Sinopec Corp., China Petrochemical Corporation, Exxon Mobil Corporation, China National Petroleum Corp., Royal Dutch Shell plc, Total S.A., Valero Energy Corp., Eni S.p.A., Indian Oil Corporation Ltd., Reliance Industries Ltd., BASF SE, Repsol S.A, Idemitsu Kosan Co., Enterprise Products Partners L.P., The Dow Chemical Company, Saudi Basic Industries Corp., LyondellBasell Industries Holdings B.V., Honeywell International Inc., Linde plc, Shanghai Secco Petrochemical Company Limited, Sumitomo Chemical Co., Asahi Kasei Corporation, Ineos Group Ltd., Chevron Phillips Chemical Company, Huntsman International LLC, Formosa Plastics Corporation, Dangote Industries Ltd., Manali Petrochemical Ltd., Haldia Petrochemicals Ltd., Polioles S.A. de CV, AGC Chemicals Americas Inc., SKC Chemie Pvt. Ltd
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=3859&type=smp
What Is Covered In The Propylene-Petrochemicals Global Market Report?
•Market Size Forecast: Examine the propylene-petrochemicals market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the propylene-petrochemicals market for a structured understanding.
•Key Players Overview: Analyze major players in the propylene-petrochemicals market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the propylene-petrochemicals market.
•Segment Contributions: Evaluate how different segments drive overall growth in the propylene-petrochemicals market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the propylene-petrochemicals market.
•Industry Challenges: Identify potential risks and obstacles affecting the propylene-petrochemicals market.
•Competitive Landscape: Review strategic developments in the propylene-petrochemicals market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Element Driving Change in the Propylene-Petrochemicals Market in 2025: Automobile Industry Growth Fuels Demand For Propylene Products Driver here
News-ID: 3912362 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Petrochemical
Global Petrochemical Market Size by Application, Type, and Geography: Forecast t …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to Market Research Intellect, the global Petrochemical market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The growing need for chemicals used in manufacturing, packaging, and building around the world is propelling the petrochemical market's significant rise. The need for plastics, synthetic…
Refinery-Chemicals Integration Market Analysis and Advancements Outlook 2023 to …
The Refinery-Chemicals Integration Market is thoroughly examined in the research, which covers a number of topics like market size, status, trends, and projections. The competition landscape, development prospects, and major market drivers are also highlighted in the study. In-depth analysis of the market's size and growth offers insights into the market's past and projected regional growth. The market is additionally segmented by the report according to a number of variables,…
Expanding Petrochemical Sector Propelling Methanol Demand
For reducing the dependence of the world on fossil fuels and associated GHG emissions, methanol production is becoming popular. If we are to think of a "methanol economy" this would put into use both renewable electricity and waste CO₂.
The alternative production of fuels like methanol, which are made from fossil fuel, by making the use of wind, solar, hydroelectricity can also help solve the issue of storing this variable energy…
Basic Petrochemical Market 2022 | Detailed Report
The Basic Petrochemical research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Basic Petrochemical research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5388520…
Global Alkylbenzene Sulfonate Market Analysis 2020 Indian Oil, Jintung Petrochem …
Global Alkylbenzene Sulfonate Market Size, Type, Application, End-User, and Regional Analysis, Trade Analysis, Market Overview, Premium Insights,Patent Analysis, Market Attractiveness, Company Profiles, Traders/Distributors, Key Buyers, Forecasts 2020 - 2025
The Alkylbenzene Sulfonate market study exhibits a comprehensive analysis of the historic, current, and future trends across the globe. The report comprises of definitions, classifications, product specifications, and market overview, manufacturing processes, cost structures, and raw material analysis. The Alkylbenzene Sulfonate market…
GLOBAL ACRYLONITRILE MARKET: TAEKWANG INDUSTRIAL, SHANGHAI SECCO PETROCHEMICAL, …
Global Market Study Evaluate on Acrylonitrile Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Acrylonitrile market report is:
This report offers a comprehensive evaluation of the Acrylonitrile market. It does so by in-depth qualitative insights, historical Acrylonitrile market data, and verifiable projections about global Acrylonitrile market size. The projections featured in the Acrylonitrile market report have been derived using proven research assumptions and…
