The global propylene market was valued at $79.4 bn in 2016 and is forecast to grow at a steady CAGR of 6.0% between 2015 and 2024, culminating in 2024 global sales of $126.0 bn.
Industry at a Glance
Propylene is one of the largest consumed petrochemical derivatives across the world. It is widely used for the production of polypropylene, propylene oxide, acrylic acid, acrylonitrile, cumene among others. Escalating demand from end-use industries such as automotive & auto components, electrical appliances, paints & coatings, wires & cables, and FMCG. Significant growth of the automotive industry is expected to drive demand for polyurethane and in turn augment global market growth over the forecast period. Polyurethane is produced using PP oxide and finds wide application scope in flooring materials, adhesives & sealants, thermal insulators.
PP and its derivatives are extensively used for manufacturing plethora of downstream chemical products that find application in automotive, packaging, and electronics industry. Increasing polymer consumption coupled with latest developments within the polypropylene industry is further anticipated to boost overall industry growth over the forecast period. Integrated downstream derivatives and technologies have resulted in improved and efficient functioning of the value chain. Excessive capacity additions have been observed across the globe that has largely affected price trends in the recent times.
Pricing Analysis
“Optimal Price Point (OPP) for Propylene Products”
Estimated Average propylene product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Companies such as Oriental Energy, Hebei Haiwei, Ningbo Fortune, and SK Gas have announced capacity expansions by the end of 2017. Lift in buying trends coupled, tight product availability; rising downstream product demand resulted in an increase in PP prices. However, significant capacity additions along with volatility in crude oil prices are expected to affect prices in the near future.
Application Insights
Polypropylene emerged as the leading application segment and accounted for overall market revenue in 2016. Strong demand from lightweight automobiles coupled with the growth of packaged food & beverages is anticipated to boost application segment growth over the forecast period. Increasing construction spending across the Middle East in countries including Saudi Arabia, and Qatar is anticipated to boost demand further. Acrylonitrile is also experiencing a strong increase in demand due to its usage in the production of numerous copolymers such as acrylonitrile butadiene styrene (ABS), synthetic rubbers, styrene acrylonitrile (SAN), and acrylonitrile styrene acrylate (ASA). Strong demand for epoxy resins and polycarbonates is anticipated to boost demand for cumene application segment.
Growth Drivers & Restraints
The advent of shale gas technology, abundant availability of coal-based technology, and decreasing crude oil prices in the Middle East has directly impacted the petrochemical industry. Manufacturers are less dependent on lighter naphtha compounds which have positively influenced industry growth over the forecast period. Furthermore, declarations of numerous evolving OPT plants for propylene along with attractive trading practices across the border is benefitting global market. Increasing acrylonitrile consumption in electronic gadgets, automobiles and home appliances in emerging economies of Asia Pacific and Latin America is projected to uplift industry growth.
Regional Segmentation
Asia Pacific was the leading regional market and accounted for over 30% of the overall market in 2016. Countries including India, China, Japan, Malaysia, Taiwan have witnessed tremendous growth in automotive, electronics, packaging and construction sector. North America market is also anticipated to gather pace owing to rapid development of shale gas production along with positive economic growth in the recent times. Significant volumes from shale gas and other sources are being produced along with ethane and propane. European imports from Asia have also increased at a considerable rate with prices falling due to oversupply in the market.
Top Players & Company Share
Key companies operating in the global market include Dow Chemicals, ExxonMobil, INEOS, LyondellBasell Industries, BASF, SABIC, Sumitomo Chemical, Chevron Phillips, DuPont, and Formosa Plastics Group.
Market Segmentation
- Propylene Market by Application (Volume, Kilo Tons; Revenue, USD Million)
- Polypropylene
- Propylene Oxide
- Cumene
- Acrylonitrile
- Acrylic Acid
- Others
- Propylene Market by Region (Volume, Kilo Tons; Revenue, USD Million)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Chapter 1 Methodology and Scope
- Research Methodology
- Research Scope & Assumptions
- List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Propylene Overview
- Market Ecosystem
- Key Stakeholders
- Industry Trends& Analysis
Chapter 4 Propylene Industry Outlook
- Market Overview
- Market Segmentation
- Market Size & Growth Prospects
- Market Analysis By Application
- Leading Brand Dynamics
- Key Market Drivers
- Increasing consumption in automotive industry
- Strong growth of electronics & electrical industry in Asia Pacific
- Key Market Challenges/ Restraints
- Stringent regulatory environment
- Key Market Opportunities
- Plastics replacing glass and metals in automotive applications
- Major Trends & Issues
- Penetration & Growth Prospects
- Industry Analysis - Porter’s
- Propylene Market-PESTEL Analysis
- Company Market Share/Heat Map Analysis
Chapter 5: Pipeline Intelligence
- Executive Summary
- Upcoming/ Emerging Products and/or Solutions
- Capacity additions by key companies across the globe
- Key R&D Trends
Chapter 6: Regional Market Outlook by Revenue (USD Billion)
Propylene Market Landscape by Region- 2014
- North America Market Landscape Analysis, 2014-2024 (USD Bn)
- U.S. Market Landscape Analysis, 2014-2024
- Canada Market Landscape Analysis-2014-2024
- Europe Market Landscape Analysis, 2014-2024Kilo (USD Bn)
- UK Market Landscape Analysis, 2014-2024
- Germany Market Landscape Analysis, 2014-2024
- France Market Landscape Analysis, 2014-2024
- Italy Market Landscape Analysis, 2014-2024
- Spain Market Landscape Analysis, 2014-2024
- Latin America Market Landscape Analysis, 2014-2024Kilo (USD Bn)
- Brazil Market Landscape Analysis, 2014-2024
- Mexico Market Landscape Analysis, 2014-2024
- Colombia Market Landscape Analysis, 2014-2024
- Asia Pacific Market Landscape Analysis, 2014-2024 (USD Bn)
- Japan Market Landscape Analysis, 2014-2024
- China Market Landscape Analysis, 2014-2024
- India Market Landscape Analysis, 2014-2024
- Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Bn)
- Saudi Arabia Market Landscape Analysis, 2014-2024
- UAE Market Landscape Analysis, 2014-2024
Chapter 7: Regional Market Outlook by Volume (Kilo Tons)
Propylene Market Landscape by Region- 2014
- North America Market Landscape Analysis, 2014-2024 (Kilo Tons)
- U.S. Market Landscape Analysis, 2014-2024
- Canada Market Landscape Analysis-2014-2024
- Europe Market Landscape Analysis, 2014-2024Kilo (Kilo Tons)
- UK Market Landscape Analysis, 2014-2024
- Germany Market Landscape Analysis, 2014-2024
- France Market Landscape Analysis, 2014-2024
- Italy Market Landscape Analysis, 2014-2024
- Spain Market Landscape Analysis, 2014-2024
- Latin America Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Brazil Market Landscape Analysis, 2014-2024
- Mexico Market Landscape Analysis, 2014-2024
- Colombia Market Landscape Analysis, 2014-2024
- Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Japan Market Landscape Analysis, 2014-2024
- China Market Landscape Analysis, 2014-2024
- India Market Landscape Analysis, 2014-2024
- Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons)
- Saudi Arabia Market Landscape Analysis, 2014-2024
- UAE Market Landscape Analysis, 2014-2024
Chapter 8: Pricing Analysis
Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
- North America Pricing Analysis (OPP, IPP and RAP- 2015)
- U.S. Pricing Analysis-2015
- Canada Pricing Analysis-2015
- Europe Pricing Analysis (OPP, IPP and RAP - 2015)
- UK Pricing Analysis-2015
- Germany Pricing Analysis-2015
- France Pricing Analysis-2015
- Italy Pricing Analysis-2015
- Spain Pricing Analysis-2015
- Latin America Pricing Analysis (OPP, IPP and RAP- 2015)
- Brazil Pricing Analysis-2015
- Mexico Pricing Analysis-2015
- Colombia Pricing Analysis-2015
- Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2015)
- Japan Pricing Analysis-2015
- China Pricing Analysis-2015
- India Pricing Analysis-2015
- Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2015)
- Saudi Arabia Pricing Analysis-2015
- UAE Pricing Analysis-2015
Chapter 9: Competitive Landscape
- Dow Chemicals
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- ExxonMobil
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- INEOS
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- LyondellBasell Industries
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- BASF
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- SABIC
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Sumitomo Chemical
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Chevron Phillips
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- DuPont
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Formosa Plastics Group
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
List of Tables
- TABLE 1 Propylene Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
- TABLE 2 Global Propylene Market, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 3 Global Propylene Market by Product, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 4 Propylene Market - Key Market Driver Analysis
- TABLE 5 Propylene Market - Key Market Restraint/ Challenge Analysis
- TABLE 6 Propylene Market – Key Opportunity Analysis
- TABLE 7 North America Propylene Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 8 U.S. Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 9 Canada Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 10 Europe Propylene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 11 U.K Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 12 Germany Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 13 France Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 14 Italy Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 15 Spain Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 16 Latin America Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 17 Brazil Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 18 Mexico Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 19 Asia pacific Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 20 Japan Propylene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 21 China Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 22 India Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 23 Middle East & Africa Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
- TABLE 24 Saudi Arabia Propylene Market Landscape Analysis, 2014-2024(Kilo Tons, USD Billion)
- TABLE 25 UAE Propylene Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 26 North America Pricing Analysis
- TABLE 27 North America Pricing Analysis (OPP, IPP and RAP- 2015)
- TABLE 28 U.S. Pricing Analysis-2015
- TABLE 29 Canada Pricing Analysis-2015
- TABLE 30 Europe Pricing Analysis (OPP, IPP and RAP- 2015)
- TABLE 31 U.K Pricing Analysis-2015
- TABLE 32 Germany Pricing Analysis-2015
- TABLE 33 France Pricing Analysis-2015
- TABLE 34 Italy Pricing Analysis-2015
- TABLE 35 Spain Pricing Analysis-2015
- TABLE 36 Latin America Pricing Analysis (OPP, IPP and RAP- 2015)
- TABLE 37 Brazil Pricing Analysis-2015
- TABLE 38 Mexico Pricing Analysis-2015
- TABLE 39 Asia Pacific Pricing Analysis (OPP, IPP and RAP- 2015)
- TABLE 40 Japan Pricing Analysis-2015
- TABLE 41 China Pricing Analysis-2015
- TABLE 42 India Pricing Analysis-2015
- TABLE 43 Middle East & Africa Pricing Analysis (OPP, IPP and RAP- 2015)
- TABLE 44 Saudi Arabia Pricing Analysis-2015
- TABLE 45 UAE Pricing Analysis-2015
List of Figures-
- FIG. 1 Propylene Market Segmentation
- FIG. 2 Market Size & Growth Prospects
- FIG. 3 Leading Brand Dynamics
- FIG. 4 Penetration & Growth Prospects
- FIG. 5 Industry Analysis – Porter’s
- FIG. 6 Propylene Market – PESTEL Analysis
- FIG. 7 Propylene Market Share by Application, 2015 & 2024
- FIG. 8 Propylene Market Share by Region, 2015 & 2024
Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-
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- Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
- Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
- Need Gap Analysis- Defining the gap between our scope and availability of information.
- KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
- Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
- Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
- Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
