Product Code: ETC13156848 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Propylene Market was valued at USD 110 Billion in 2024 and is expected to reach USD 140 Billion by 2031, growing at a compound annual growth rate of 4.20% during the forecast period (2025-2031).
The global propylene market is experiencing steady growth, driven by its widespread application in various industries such as automotive, construction, packaging, and chemicals. Propylene is primarily used in the production of polypropylene, a versatile polymer with high demand worldwide. The increasing demand for lightweight materials in the automotive sector, coupled with the rising need for packaging solutions, is fueling the growth of the propylene market. Factors such as growing urbanization, infrastructure development, and technological advancements are also contributing to the market expansion. However, volatility in crude oil prices and environmental concerns regarding propylene production processes may pose challenges to market growth. Key players in the global propylene market include LyondellBasell Industries, ExxonMobil Corporation, and Dow Chemical Company.
The Global Propylene Market is experiencing steady growth due to the increasing demand for propylene in various industries such as automotive, packaging, construction, and textiles. One of the key trends in the market is the rising use of propylene in the production of polypropylene, a versatile plastic with widespread applications. Additionally, the shift towards lightweight materials in the automotive sector is driving the demand for propylene-based products. Opportunities in the market include the development of bio-based propylene to meet sustainability goals, as well as the expansion of propylene production capacities in emerging economies. Overall, the Global Propylene Market is poised for continued growth, fueled by technological advancements and evolving consumer preferences for eco-friendly and high-performance materials.
The Global Propylene Market faces several challenges, including fluctuating crude oil prices which directly impact propylene production costs, supply chain disruptions due to geopolitical tensions or natural disasters, and increasing regulations on environmental sustainability and emissions. Additionally, the market is highly competitive with a limited number of key players, leading to pricing pressures and the need for continuous innovation to stay ahead. Shifts in consumer preferences towards sustainable and bio-based products also pose a challenge for traditional propylene producers, requiring them to adapt their processes and offerings to meet changing market demands. Overall, navigating these challenges requires strategic planning, risk management, and a focus on sustainability to ensure long-term growth and competitiveness in the Global Propylene Market.
The Global Propylene Market is primarily driven by the increasing demand for polypropylene, a key derivative of propylene, in various end-use industries such as packaging, automotive, construction, and textiles. The growth in these sectors, particularly in emerging economies, is fueling the demand for propylene as a raw material for manufacturing polypropylene. Additionally, the expanding petrochemical industry, coupled with the rising investments in propylene production capacity expansion and technological advancements in propylene production processes, are further driving the market growth. Moreover, the growing trend towards lightweight and fuel-efficient vehicles is boosting the demand for propylene-based materials in the automotive sector, providing a significant impetus to the global propylene market.
Government policies related to the Global Propylene Market can vary by country but generally focus on regulations around production, transportation, and trade of propylene. Many governments impose strict environmental regulations to ensure the safe handling and disposal of propylene, as it is a flammable and potentially hazardous substance. Additionally, trade policies and tariffs can impact the global propylene market by influencing the flow of imports and exports. Some governments may also implement subsidies or incentives to promote the use of propylene in sustainable applications or to support domestic producers. Overall, government policies play a crucial role in shaping the landscape of the global propylene market and can impact supply, demand, and pricing dynamics in the industry.
The Global Propylene Market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries such as automotive, packaging, and construction. The market is projected to be driven by factors such as the growing petrochemical industry, rising demand for polypropylene, and the shift towards lighter materials in automotive manufacturing. Additionally, the increasing focus on sustainability and the development of bio-based propylene are anticipated to create new opportunities in the market. However, challenges such as fluctuating crude oil prices and environmental concerns regarding propylene production processes may impact market growth. Overall, the Global Propylene Market is forecasted to expand, driven by evolving consumer preferences and technological advancements in the industry.
In the global propylene market, Asia is expected to dominate in terms of both production and consumption, driven by the robust petrochemical industry in countries like China and India. North America, particularly the United States, is also a key player due to the growth of shale gas production, leading to increased propylene production capacity. In Europe, the market is influenced by strict environmental regulations and a focus on sustainability, driving the demand for propylene derivatives in various industries. The Middle East and Africa region is witnessing substantial investments in propylene production capacity to cater to the growing demand in the region. Latin America is experiencing steady growth in the propylene market, fueled by the expanding automotive and construction sectors.
Global Propylene Market |
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 Global Propylene Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Propylene Market Revenues & Volume, 2021 & 2031F |
3.3 Global Propylene Market - Industry Life Cycle |
3.4 Global Propylene Market - Porter's Five Forces |
3.5 Global Propylene Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Propylene Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Global Propylene Market Revenues & Volume Share, By Industrial Verticals, 2021 & 2031F |
3.8 Global Propylene Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.9 Global Propylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global Propylene Market Revenues & Volume Share, By Production process Technology, 2021 & 2031F |
4 Global Propylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Propylene Market Trends |
6 Global Propylene Market, 2021 - 2031 |
6.1 Global Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Propylene Market, Revenues & Volume, By Polypropylene, 2021 - 2031 |
6.1.3 Global Propylene Market, Revenues & Volume, By Propylene oxide, 2021 - 2031 |
6.1.4 Global Propylene Market, Revenues & Volume, By Cumene, 2021 - 2031 |
6.1.5 Global Propylene Market, Revenues & Volume, By Acrylonitrile, 2021 - 2031 |
6.1.6 Global Propylene Market, Revenues & Volume, By Acrylic acid & Acrylates, 2021 - 2031 |
6.1.7 Global Propylene Market, Revenues & Volume, By Alcohols, 2021 - 2031 |
6.1.8 Global Propylene Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Propylene Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.3 Global Propylene Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.2.4 Global Propylene Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.2.5 Global Propylene Market, Revenues & Volume, By Textile, 2021 - 2031 |
6.2.6 Global Propylene Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Propylene Market, Revenues & Volume, By Purity 99%, 2021 - 2031 |
6.3.3 Global Propylene Market, Revenues & Volume, By Purity 99.5%, 2021 - 2031 |
6.3.4 Global Propylene Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Propylene Market, Revenues & Volume, By Organic Chemical Raw Materials, 2021 - 2031 |
6.4.3 Global Propylene Market, Revenues & Volume, By Synthetic Resins, 2021 - 2031 |
6.4.4 Global Propylene Market, Revenues & Volume, By Fine Chemicals, 2021 - 2031 |
6.4.5 Global Propylene Market, Revenues & Volume, By Other, 2021 - 2031 |
6.5 Global Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Propylene Market, Revenues & Volume, By Steam Cracking, 2021 - 2031 |
6.5.3 Global Propylene Market, Revenues & Volume, By Refinery, 2021 - 2031 |
6.5.4 Global Propylene Market, Revenues & Volume, By On- Purpose, 2021 - 2031 |
7 North America Propylene Market, Overview & Analysis |
7.1 North America Propylene Market Revenues & Volume, 2021 - 2031 |
7.2 North America Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Propylene Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Propylene Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Propylene Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
7.4 North America Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
7.5 North America Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
7.6 North America Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
8 Latin America (LATAM) Propylene Market, Overview & Analysis |
8.1 Latin America (LATAM) Propylene Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Propylene Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Propylene Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Propylene Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Propylene Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
8.4 Latin America (LATAM) Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
8.5 Latin America (LATAM) Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
8.6 Latin America (LATAM) Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
9 Asia Propylene Market, Overview & Analysis |
9.1 Asia Propylene Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Propylene Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Propylene Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Propylene Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Propylene Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
9.4 Asia Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
9.5 Asia Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
9.6 Asia Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
10 Africa Propylene Market, Overview & Analysis |
10.1 Africa Propylene Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Propylene Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Propylene Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Propylene Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Propylene Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
10.4 Africa Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
10.5 Africa Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
10.6 Africa Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
11 Europe Propylene Market, Overview & Analysis |
11.1 Europe Propylene Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Propylene Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Propylene Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Propylene Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Propylene Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
11.4 Europe Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
11.5 Europe Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
11.6 Europe Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
12 Middle East Propylene Market, Overview & Analysis |
12.1 Middle East Propylene Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Propylene Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Propylene Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Propylene Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Propylene Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Propylene Market, Revenues & Volume, By Derivatives, 2021 - 2031 |
12.4 Middle East Propylene Market, Revenues & Volume, By Industrial Verticals, 2021 - 2031 |
12.5 Middle East Propylene Market, Revenues & Volume, By Types, 2021 - 2031 |
12.6 Middle East Propylene Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East Propylene Market, Revenues & Volume, By Production process Technology, 2021 - 2031 |
13 Global Propylene Market Key Performance Indicators |
14 Global Propylene Market - Export/Import By Countries Assessment |
15 Global Propylene Market - Opportunity Assessment |
15.1 Global Propylene Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Propylene Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
15.3 Global Propylene Market Opportunity Assessment, By Industrial Verticals, 2021 & 2031F |
15.4 Global Propylene Market Opportunity Assessment, By Types, 2021 & 2031F |
15.5 Global Propylene Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global Propylene Market Opportunity Assessment, By Production process Technology, 2021 & 2031F |
16 Global Propylene Market - Competitive Landscape |
16.1 Global Propylene Market Revenue Share, By Companies, 2024 |
16.2 Global Propylene Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |