Competitive Landscape and Strategic Developments in the Global Propylene Market

Isha Deshpande
Jun 3
3 min read

The global propylene market size was USD 104.50 Billion in 2022 and is expected to register a rapid revenue CAGR of 3.8% during the forecast period. Increasing use of propylene in commercial vehicles and rising demand for propylene from automotive and packaging industries are key factors driving market revenue growth.

The research report on the Propylene market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Propylene business sphere.

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Competitive Terrain:

The global Propylene industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Exxon Mobil Corporation, Dow, LyondellBasell Industries Holdings B.V., INEOS Group Limited, BASF SE, Sumitomo Chemical Co., Ltd., SABIC, ADM, Formosa Plastics Group, Asahi Kasei Corporation, Borealis AG, Chevron Phillips Chemical Company LLC, Manali Petrochemicals Limited, AGC Chemicals Americas, Shell Global, Oleon NV, BP p.l.c., Sinopec Corp, IRPC Public Company Limited, and Reliance Industries Limited

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Additional information offered by the report:

Along with a complete overview of the global Propylene market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Propylene market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

Grade Outlook (Revenue, USD Billion; 2019-2032)
- Refinery Grade
- Polymer Grade
- Chemical Grade
Derivative Outlook (Revenue, USD Billion; 2019-2032)
- Polypropylene
- Propylene oxide
- Cumene
- Acrylonitrile
- Acrylic acid and Acrylates
- Alcohols
- Others
Application Outlook (Revenue, USD Billion; 2019-2032)
- Organic Chemical Raw Materials
- Synthetic Resins
- Fine Chemicals
- Others

Radical Highlights of the Propylene Market Report:

Comprehensive overview of the Propylene market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Propylene market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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