Propylene Market Overview
Propylene or propene is an unsaturated organic compound with the chemical formula of C3H6. It is the simplest member of alkene, which colorless gas with a faint petroleum-like odor. Propylene is an important feedstock in petroleum industry and is used in the production of isopropyl alcohol, propylene glycol, polygas chemical, acrylic acid, acetone, etc. The global propylene market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global propylene market is expected to witness significant growth during the forecast period, owing to increasing demand for commercial vehicles worldwide.
Propylene Market Drivers
Growing demand application of propylene from various end-use industries such as chemicals, plastic, medicine, automotive, solvents, and packaging is expected to drive growth of the global propylene market during the forecast period. Propylene is used as high-velocity oxygen fuel (HVOF) in the automotive industry, while it is used as propylene gas in chemical and plastics industries. Its non-fuel applications include base material to synthesize acetone. Majority of plastics are derived from ethylene, which is produced from propylene. Hence, these factors are expected to drive growth of the global propylene market during the forecast period. Moreover, increasing demand for polyurethane worldwide is expected to propel the global propylene market growth over the forecast period.
Propylene Market Restraint
Strict regulatory policies regarding the environment are expected to hinder the global propylene market over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global propylene market during the forecast period. This is owing to rapid pace of shale gas and high-density polyethylene (HDPE) production across the region. Moreover, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to increasing demand for ethylene for the production of ethylene derivatives across the region.
Competitive Section
Major companies involved in the global propylene market are SABIC, LyondellBasell Industries N.V., China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation, ExxonMobil Corporation, The DOW Chemical Company, BASF SE, and BP Plc.
Major companies in the market are focused on a joint venture, in order to enhance the market presence. For instance, in December 2019, LyondellBasell Industries N.V. formed a joint venture China Petroleum & Chemical Corporation (Sinopec) to manufacture propylene oxide and styrene monomer in China.
Key features of the study:
- This report provides in-depth analysis of propylene and provides market size (US$ Million & Million Metric Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025), considering 2017, as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global propylene market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study includes China Petroleum & Chemical Corporation, China National Petroleum Corporation (CNPC), BASF SE, ExxonMobil Corporation, LyondellBasell Industries N.V., The DOW Chemical Company, SABIC, and BP Plc.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology upgrade, market expansion, and marketing tactics
- The global propylene market report caters to various stakeholders in this industry including investors, suppliers, propylene manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the propylene market
Detailed Segmentation:
Global Propylene Market, By Derivative:
- Polypropylene
- Propylene oxide
- Cumene
- Acrylonitrile
- Alcohols (Oxo-alcohols, Isopropyl alcohol)
- Acrylic acid & Acrylates
- Others (Isobutyl benzene, EPDM rubbers)
Global Propylene Market, By End-use Industry:
- Automotive
- Construction
- Textiles
- Packaging
- Others (Solvents, Pharmaceuticals)
Global Propylene Market, By Geography:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Company Profiles
- China Petroleum & Chemical Corporation
- BASF SE
- ExxonMobil Corporation
- The DOW Chemical Company
- LyondellBasell Industries N.V.
- SABIC
- BP Plc.
- IRPC Plc.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Content
1. Research Objectives and assumption
• Research Objectives
• Assumptions
• Abbreviations
2. Market Purview
• Report Description
o Market Definition and Scope
• Executive Summary
o Market Snippet By Battery Type
o Market Snippet By Application
• Market Snippet By Region
• Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
• Market Dynamics
o Drivers
o Restraints
o Market Opportunities
• Regulatory Scenario
• Industry Trends
• Value Chain Analysis
• Merger and Acquisitions
• New Product Approvals/Launch
• Porter's Analysis
• PEST Analysis
4. Global Submarine Battery Market, By Battery Type, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, 2017 and 2025 (%)
o Segment Trends
• Lithium Ion Battery
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Lead Acid Battery
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Others
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
5. Global Submarine Battery Market, By Application, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, 2017 and 2025 (%)
o Segment Trends
• Military
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Civilian
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
6. Global Submarine Battery Market, By Geography, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, By Region, 2017 and 2025 (%)
o Regional Trends
• North America
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o U.S.
o Canada
• Europe
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Germany
o U.K.
o Italy
o France
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o China
o India
o Japan
o ASEAN
o Australia
o South Korea
o Rest of Asia Pacific
• Latin America
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o GCC Countries
o Israel
o Rest of Middle East
• Africa
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Northern Africa
o Central Africa
o South Africa
7. Competitive Landscape
o EnerSys
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o EverExceed Corporation
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Exide Technologies
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o HBL Power Systems Limited
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Sunlight Systems S.A
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Zibo Torch Energy Co., Ltd.
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Exide Industries
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o GS Yuasa Corporation
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Korea Special Battery Co., Ltd.
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
• Analyst Views
8. Section
• References
• Research Methodology
• About us and Sales Contact
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