Product Code: ETC4724183 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cuba Propylene market currently, in 2023, has witnessed an HHI of 7728, Which has increased slightly as compared to the HHI of 4975 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Propylene, a vital petrochemical used in plastics, resins, and synthetic fibers, plays a significant role in the Cuban industrial sector. The demand for propylene in Cuba is primarily linked to the production of polypropylene, which is used in packaging, automotive components, and textiles. However, the lack of a robust petrochemical industry in Cuba means the country heavily relies on imports to meet its needs, creating opportunities for international suppliers to tap into this market.
The propylene market in Cuba is driven by its extensive use as a key raw material in the production of polypropylene, which finds applications in packaging, automotive, and construction industries. The increasing demand for plastic products, including packaging solutions, is a significant factor propelling the propylene market. Additionally, Cuba`s efforts to develop its petrochemical industry and enhance domestic production capabilities are supporting the growth of the propylene market. The rising need for propylene derivatives, such as acrylonitrile and propylene oxide, further boosts market demand.
The propylene market in Cuba is hampered by a lack of domestic production capabilities and an overreliance on imports, which makes the market vulnerable to global price volatility and supply chain issues. The Cuban petrochemical industry is underdeveloped, with outdated technology and insufficient investments in infrastructure, resulting in lower production efficiency. Furthermore, geopolitical tensions and trade restrictions add to the difficulties in securing reliable supply chains, increasing costs for local industries that depend on propylene as a key feedstock.
Propylene production is tied to the countrys broader petrochemical sector, which is state-controlled. Cuban policies favor domestic production over imports, and the government may provide incentives for local propylene manufacturers. Trade restrictions with certain countries, like the U.S., also influence the dynamics of the propylene market in Cuba.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cuba Propylene Market Overview |
3.1 Cuba Country Macro Economic Indicators |
3.2 Cuba Propylene Market Revenues & Volume, 2021 & 2031F |
3.3 Cuba Propylene Market - Industry Life Cycle |
3.4 Cuba Propylene Market - Porter's Five Forces |
3.5 Cuba Propylene Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.6 Cuba Propylene Market Revenues & Volume Share, By Industrial Verticals, 2021 & 2031F |
3.7 Cuba Propylene Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.8 Cuba Propylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Cuba Propylene Market Revenues & Volume Share, By Production process Technology, 2021 & 2031F |
4 Cuba Propylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cuba Propylene Market Trends |
6 Cuba Propylene Market Segmentations |
6.1 Cuba Propylene Market, By Derivatives |
6.1.1 Overview and Analysis |
6.1.2 Cuba Propylene Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.3 Cuba Propylene Market Revenues & Volume, By Propylene oxide, 2021-2031F |
6.1.4 Cuba Propylene Market Revenues & Volume, By Cumene, 2021-2031F |
6.1.5 Cuba Propylene Market Revenues & Volume, By Acrylonitrile, 2021-2031F |
6.1.6 Cuba Propylene Market Revenues & Volume, By Acrylic acid & Acrylates, 2021-2031F |
6.1.7 Cuba Propylene Market Revenues & Volume, By Alcohols, 2021-2031F |
6.2 Cuba Propylene Market, By Industrial Verticals |
6.2.1 Overview and Analysis |
6.2.2 Cuba Propylene Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Cuba Propylene Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Cuba Propylene Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.5 Cuba Propylene Market Revenues & Volume, By Textile, 2021-2031F |
6.2.6 Cuba Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cuba Propylene Market Segmentations |
6.3.1 Overview and Analysis |
6.3.2 Cuba Propylene Market Revenues & Volume, By Purity 99%, 2021-2031F |
6.3.3 Cuba Propylene Market Revenues & Volume, By Purity 99.5%, 2021-2031F |
6.3.4 Cuba Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cuba Propylene Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cuba Propylene Market Revenues & Volume, By Organic Chemical Raw Materials, 2021-2031F |
6.4.3 Cuba Propylene Market Revenues & Volume, By Synthetic Resins, 2021-2031F |
6.4.4 Cuba Propylene Market Revenues & Volume, By Fine Chemicals, 2021-2031F |
6.4.5 Cuba Propylene Market Revenues & Volume, By Other, 2021-2031F |
6.5 Cuba Propylene Market, By Production process Technology |
6.5.1 Overview and Analysis |
6.5.2 Cuba Propylene Market Revenues & Volume, By Steam Cracking, 2021-2031F |
6.5.3 Cuba Propylene Market Revenues & Volume, By Refinery, 2021-2031F |
6.5.4 Cuba Propylene Market Revenues & Volume, By On- Purpose, 2021-2031F |
7 Cuba Propylene Market Import-Export Trade Statistics |
7.1 Cuba Propylene Market Export to Major Countries |
7.2 Cuba Propylene Market Imports from Major Countries |
8 Cuba Propylene Market Key Performance Indicators |
9 Cuba Propylene Market - Opportunity Assessment |
9.1 Cuba Propylene Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.2 Cuba Propylene Market Opportunity Assessment, By Industrial Verticals, 2021 & 2031F |
9.3 Cuba Propylene Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.4 Cuba Propylene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Cuba Propylene Market Opportunity Assessment, By Production process Technology, 2021 & 2031F |
10 Cuba Propylene Market - Competitive Landscape |
10.1 Cuba Propylene Market Revenue Share, By Companies, 2024 |
10.2 Cuba Propylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |