Global Propylene-Petrochemicals Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Propylene-Petrochemicals Market Report by The Business Research Company covers propylene-petrochemicals market drivers and restraints, propylene-petrochemicals market size, major players, and the impact of COVID-19 on the propylene-petrochemicals market.

The propylene market consists of sales of propylene gas and its related services used in various industry verticals such as automotive, construction, and packaging industries. Propylene is a building block for the addition polymer, poly (propene) and is also used in the manufacturing of epoxy propane and propanol.

The propylene market is expected to benefit from growth in the automobile industry during the forecast period. The polypropylene is a polymer produced from the propylene monomer which is used in the automobile industry.

The global propylene-petrochemicals market is expected to grow from $63.1 billion in 2020 to $71.87 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $66.8 billion in 2025 at a CAGR of -2%.

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Some propylene-petrochemicals market trends include petrochemical companies adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of the traditional fluid catalytic cracking unit which increases propylene yield to 20% more than the actual output. Traditional sources for propylene which include steam crackers and oil refineries yield less propylene as a derivative or co-product due to shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing to develop on-purpose technologies to accelerate the shortfall of propylene production.

Global propylene-petrochemicals market segments include:

1) By End-Use Industry: Automotive, Construction, Packaging, Textile, Others.

2) By Type: Homopolymer, Copolymer.

3) By Application: Injection Molding, Fiber & Raffia, Film & Sheet, And Blow Molding.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Propylene-Petrochemicals Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides propylene-petrochemicals market overviews, analyzes and forecasts market size, share, propylene-petrochemicals market players, propylene-petrochemicals market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The propylene-petrochemicals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Propylene-Petrochemicals Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: 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., Exxon Mobil Corporation., Formosa Plastics Group (FPG), Haldia Petrochemicals Ltd, Honeywell International Inc, Huntsman International LLC., Ineos Group Ltd., Linde, LyondellBasell Industries Holdings B.V., Manali Petrochemical, Oleon NV, Reliance Industries Ltd., Repsol, Royal Dutch Shell PLC, Saudi Basic Industries Corp. (SABIC), Shanghai Secco, Sinopec Corp., Solventis, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, Total S.A., Valero Energy Corp.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing
: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The propylene-petrochemicals Industry:
The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The propylene-petrochemicals Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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