A new Global Propylene Market research report has been added to the repository of Data Bridge Market Research which aims to give a complete overview of the Propylene market. This report has been designed with purpose of enlightening the readers with deep market insights such as its definition, share, trends, volume and demand/supply. It considers different key players prevailing in the market and evaluates different socio-economic, political and other technological factors affecting the Propylene market growth. To analyze the consumers’ inclination and desire, this Propylene market uses different market research methodologies and tools.
“Product definition” Propylene or propene is a colorless and flammable gas which is derived by cracking petroleum hydrocarbons. They are usually the byproduct of natural gas processing and oil refining. Cumene, alcohols, acrylic & acrylates, propylene oxide are some of the derivatives of the propylene. Following analysis has been performed to dig deep into the market for in-depth understanding-:
Global propylene market is set to witness a steady CAGR of 4.15% in the forecast period of 2019- 2026.
The report contains data of the base year 2018 and historic year 2017. Rising demand of propylene from construction industry and rising prevalence for polyurethane is the major factor for the growth of this market.
The Propylene market is anticipated to growing at a CAGR of 4.15% during the estimated time-frame of 2019 to 2026. The historic years considered in this report for calculation is 2016 & 2017, the base year is 2018 and the estimated period is 2019 to 2026.
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This section involves analysis of various key players’ who are intensely competitive and may prove to be a real threat for the entrants. This is essential because new market players should know about the level of competition, they might have to deal with in this Propylene market.
Global propylene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of propylene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Here are the names of top key players which are covered in this report: Few of the major competitors currently working in the global propylene market are Dow, BASF SE, Sumitomo Chemical Co., Ltd., Exxon Mobil Corporation., INEOS, LyondellBasell Industries Holdings B.V., SABIC, Asahi Kasei Corporation, China Petrochemical Corporation, Chevron Phillips Chemical Company, Manali Petrochemical, AGC Chemicals, Royal Dutch Shell, Oleon NV, Repsol, Linde, Honeywell International Inc, Huntsman International LLC., Archer Daniels Midland Company, Solventis and others.
- Increasing demand for commercial vehicles will drive the market
- Rising preference for sustainable products is also driving the market growth
- Growing demand for propylene in packaging industry will also act as a driver for this market
- Increasing demand for polyurethane worldwide is also contributing as a factor for the growth of this market
- Volatility in the price of raw material will restrain the market growth
- Increasing environmental concern associated with the production of propylene will also hamper market
Geographical Analysis: This report likewise covers each and every area and nation of the world, which demonstrates a geographical improvement status, including business sector size, volume, and value etc. This comprehensive analysis based on regions will help the readers to know in which area the demand of the product is high and this will eventually help them strategize the moves to attract more consumers.
The main regions covered here are North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
For more understanding, the overall Propylene market has been segmented on the basis of-
- Propylene oxide
- Acrylic acid & Acrylates
By Industrial Vertical
- Purity 99%
- Purity 99.5%
- Organic Chemical Raw Materials
- Synthetic Resins
By Production Process Technology
- Steam Cracking
- On- Purpose
- North America
- South America
- Middle East and Africa
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Various methodologies utilized to analyze the report:
For acquiring full market intelligence, various market research tools and techniques have been employed such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis and PEST analysis. Primary and secondary research methodologies, data triangulation which incorporates data mining, analysis of crucial factors and experts’ validation has been utilized to analyze and summarize the report.
Why to purchase this report?
Following are the reasons to consider this Propylene report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall propylene market.
- This report not only analyzes present market condition but it likewise estimates how the propylene market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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