Press release
India Propylene Market to Reach USD 2.19 Billion by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: 4.5 Million Tons
Market Forecast in 2033: USD 2.19 Billion
Market Growth Rate 2025-2033: 4.40%
India Propylene Market Overview
Robust growth is being witnessed in the propylene market in India, as the increasing consumption of propylene derivatives in the manufacture of polypropylene, acrylonitrile, propylene oxide, and cumene drives demand. The major users of propylene products are the automotive, packaging, and construction industries, all buoying the growth of the market. Also working towards the enhancement of propylene demand in the country are favorable government initiatives backing industrial expansion, together with increased investments in petrochemical infrastructure.
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India Propylene Market Trend and Market Drivers
The market is being overtly driven by the large-scale demand for lightweight and high-end materials, primarily polypropylene, in the automotive, construction, and consumer goods industries. Advances in catalyst technologies and production methodologies have improved propylene yield and thus supply. Furthermore, with an expanding manufacturing sector and increased R&D activities in polymer applications, propylene market growth would receive another impetus. Favorable environmental regulations concerning the adoption of recyclable materials are also positively impacting the India propylene market outlook.
India Propylene Market Segmentation
By End Use Industry:
• Automotive
• Packaging
• Building and Construction
• Textiles
• Others
Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-propylene-market
India Propylene Market News
February 2025: BPCL announced a INR 5,500 Crore polypropylene unit in Kochi, with a 400 KTA capacity, set for completion by October 2027. This project enhanced domestic polypropylene production, reducing imports, supporting the packaging and industrial sectors, and strengthening India's petrochemical industry.
October 2024: Nayara Energy commissioned a 450 KTA UNIPOL polypropylene plant in Vadinar, Gujarat, using Grace's technology. This expansion increased India's polypropylene capacity, supporting domestic demand, reducing imports, and strengthening the petrochemical sector's growth with enhanced product availability for pharmaceutical and hygiene applications.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31451&flag=E
Contact Us
IMARC Group
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Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services, including market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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