Global Propylene Market Size is valued at USD 111.0 Bn in 2024 and is predicted to reach USD 154.0 Bn by the year 2034 at a 3.4% CAGR during the forecast period for 2025-2034.
Propylene (propylene) is an organic component and a colorless chemical compound that occurs as a gas. It is a highly flammable hydrocarbon that is commonly used as a fuel. The vast bulk of propylene is eliminated during crude oil processing. Propylene has a molecular weight of 42.08 g/mol and the chemical formula C3H6.
Propylene, commonly known as propene, is a petroleum-derived chemical that is widely used in the p,roduction of resins, textiles, elastomers, and other chemical goods. Global demand for polypropylene is being driven by the increasing demand for effective plastic packaging materials. propylene has a wide range of properties that allow it to be used in various applications, including improved operating temperature, tensile strength, high chemical resistance, and reduced moisture absorption. Because of its ease of melting and molding into any shape or size without losing its original quality, propylene is now frequently used in injection molding applications. The Propylene market development is rising as a result of increased demand for lightweight polymers from the automotive, consumer goods, and electronics industries.
However, the propylene sector is benefiting from the global outbreak because of the increased demand for N95 masks triggered by the COVID-19 pandemic. Yet, due to labor shortages and logistical problems, the market's expansion must increase the restricted propylene supply. Some companies are developing a regularly reusable mask that will increase the demand for propylene.
Furthermore, the coronavirus outbreak and subsequent lockdown imposed in some countries have increased demand for autonomous delivery vans. Moreover, the market's continuing rise in the packaging industry is driving robust demand for propylene.
The Propylene Market is segmented on the basis of derivatives, type, application, and end-use. Based on derivatives, the market is segmented as polypropylene, propylene oxide, cumene/phenol, acrylonitrile, acrylic acid, oligomers, alcohols, acrylates, and others. The type segment includes polypropylene, propylene oxide, cumene/phenol, acrylonitrile, acrylic acid, oligomers, alcohols, acrylates, and others. By application, the market is segmented into injection molding, film & sheet, raffia, fiber, and blow molding. The end-user segment includes packaging, electronics, medical, consumer goods, automotive, construction, textile, agriculture, and others.
The polypropylene category is expected to hold a major share of the global Propylene Market in 2022. The basis for this market expansion is increased demand for derivatives, specifically polypropylene and propylene oxide. Naphtha cracking, which results from the production of other products in refineries and is used to make ethylene, is a key source of propylene. When converting propane to propylene, propane dehydrogenation creates hydrogen as a byproduct.
The injection molding segment is projected to grow at a rapid rate in the global propylene market due to the widespread use of injection molding. Polypropylene is used to create a wide range of products, including home goods, automotive, marine, and recreational vehicle (RV) components. As a result, rising demand for molded goods, such as rigid containers, would fuel market growth in this category over the forecast period.
Asia Pacific Propylene Market is expected to register the highest market share in revenue in the near future. This can be attributed to the increased demand from the packaging and vehicle manufacturing industries. China, Japan, and India are key contributors to market growth in the area due to the increasing usage of propylene in these countries' food and beverage, packaging, and care industries. Major industry companies are attempting to extend their presence in the area due to the significant opportunities given by the expanding automobile and construction sectors. Moreover, the demand for food and beverage packaging, as well as vehicle production, would drive up propylene consumption in Europe.
The region's leading producers, processors, and compounders are continually working to develop innovative products for the automotive industry. Another important factor driving the growth of the European Propylene market is the use of items in healthcare and pharmaceutical, electrical and electronic, and other industries.
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 111.0 Bn |
|
Revenue forecast in 2034 |
USD 154.0 Bn |
|
Growth rate CAGR |
CAGR of 3.4% from 2025 to 2034 |
|
Quantitative units |
Representation of revenue in US$ Bn, Volume (Tons) and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Material, And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BASF SE, Repsol, Borouge, Borealis AG, MOL Group, Beaulieu International Group, LyondellBasell Industries NV, ExxonMobil Chemical, China National Petroleum Corporation, INEOS, China Petroleum & Chemical Corporation, SABIC, Ducor Petrochemicals, Reliance Industries Limited, Formosa Plastic Group, Total SA, and Braskem. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Propylene Market Snapshot
Chapter 4. Global Propylene Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Derivatives Estimates & Trend Analysis
5.1. by Derivatives & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Derivatives:
5.2.1. Polypropylene
5.2.2. Propylene Oxide
5.2.3. Cumene/Phenol
5.2.4. Acrylonitrile
5.2.5. Acrylic Acid
5.2.6. Oligomers
5.2.7. Alcohols
5.2.8. Acrylates
5.2.9. Others
Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis
6.1. by Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Type:
6.2.1. Homopolymer
6.2.2. Copolymer
6.2.2.1. Random
6.2.2.2. Block
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
7.2.1. Injection Molding
7.2.2. Film & Sheet
7.2.3. Raffia
7.2.4. Fiber
7.2.5. Blow Molding
Chapter 8. Market Segmentation 4: by End-user Estimates & Trend Analysis
8.1. by End-user & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn) & Volume (Tons)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
8.2.1. Packaging
8.2.2. Electronics
8.2.3. Medical
8.2.4. Consumer Goods
8.2.5. Automotive
8.2.6. Construction
8.2.7. Textile
8.2.8. Agriculture
8.2.9. Other
Chapter 9. Propylene Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Derivatives, 2021-2034
9.1.2. North America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2021-2034
9.1.3. North America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2021-2034
9.1.4. North America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-user, 2021-2034
9.1.5. North America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Derivatives, 2021-2034
9.2.2. Europe Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2021-2034
9.2.3. Europe Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2021-2034
9.2.4. Europe Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-user, 2021-2034
9.2.5. Europe Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Derivatives, 2021-2034
9.3.2. Asia Pacific Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2021-2034
9.3.3. Asia-Pacific Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2021-2034
9.3.4. Asia-Pacific Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-user, 2021-2034
9.3.5. Asia Pacific Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Derivatives, 2021-2034
9.4.2. Latin America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2021-2034
9.4.3. Latin America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2021-2034
9.4.4. Latin America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-user, 2021-2034
9.4.5. Latin America Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Derivatives, 2021-2034
9.5.2. Middle East & Africa Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2021-2034
9.5.3. Middle East & Africa Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2021-2034
9.5.4. Middle East & Africa Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by End-user, 2021-2034
9.5.5. Middle East & Africa Propylene Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. Adeka Corporation (Japan)
10.2.2. ADM (US)
10.2.3. Arch Chemicals Inc, (US)
10.2.4. BASF SE
10.2.5. Beaulieu International Group
10.2.6. Borealis AG
10.2.7. Borouge
10.2.8. BP Plc.
10.2.9. Braskem
10.2.10. Chaoyang Chemicals, Inc. (U.S.)
10.2.11. China Petroleum & Chemical Corporation
10.2.12. Ducor Petrochemicals
10.2.13. DuPont Tate & Lyle Bio Products (US)
10.2.14. ExxonMobil Chemical
10.2.15. Formosa Plastic Group
10.2.16. Global Bio-chem Technology Group Company Limited (China)
10.2.17. Haike Chemical Group Co., Ltd. (China)
10.2.18. Helm AG (Germany)
10.2.19. Huntsman International L.L.C. (U.S.)
10.2.20. INEOS Oxide (Switzerland)
10.2.21. LyondellBasell Industries Holdings B.V. (Netherlands)
10.2.22. Manali Petrochemicals Limited (India)
10.2.23. Midland Company (US)
10.2.24. MOL Group
10.2.25. Reliance Industries Ltd.
10.2.26. Repsol
10.2.27. Royal Dutch Shell PLC
10.2.28. SABIC
10.2.29. Saudi Basic Industries Corp. (SABIC)
10.2.30. Shell Plc (UK)
10.2.31. Sinopec Corp.
10.2.32. SKC Inc (South Korea)
10.2.33. Temix Oleo (Italy)
10.2.34. The Dow Chemical Company
10.2.35. Total S.A.
10.2.36. Valero Energy Corp.
10.2.37. Other Prominent Players
Propylene Market By Derivatives-
Propylene Market By Type-
Propylene Market By Application-
Propylene Market By End-User-
Propylene Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
