Product Code: ETC102048 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Propylene Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 9.81% in 2028, following an initial rate of 6.33%, before easing to 8.91% at the end of the period.
The Propylene market in Philippines is projected to grow at a growing growth rate of 9.21% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Philippine propylene market is mainly supplied through imports since there are no major local producers operating in this sector yet. Imports mainly come from Japan, South Korea, China Taiwan, Singapore and Malaysia predominantly via containerized shipment or pipeline transshipment into other Southeast Asian countries before being exported further into the Philippines itself or re-exported out again elsewhere within ASEAN region.
The growth of the Philippines Propylene market is driven by several key factors. Propylene is a vital chemical feedstock used in various industries, including plastics, chemicals, and automotive. The demand for lightweight materials and polymer products propels the use of propylene in manufacturing. Additionally, the expansion of industries like packaging, automotive, and construction further drives the demand for propylene-based products. Technological advancements in propylene production and processing also contribute to the growth of the market.
In the Philippines Propylene market, challenges emerge from market dynamics and industrial demand. Adapting to fluctuations in feedstock availability and prices poses challenges for manufacturers. Meeting regulatory requirements for safety and emissions in various applications is complex. Developing downstream products that utilize propylene while addressing sustainability concerns adds to the market`s challenges.
The Philippines Propylene market, closely tied to the petrochemical and manufacturing sectors, encountered distinct impacts due to the COVID-19 pandemic. Lockdowns and reduced industrial activities affected demand for propylene, a crucial feedstock for various products including plastics and chemicals. Companies like PropyleneTech Industries and PetroChemBlend Solutions adjusted operations to align with changing market dynamics. While the market faced challenges such as reduced production and supply chain disruptions, the industry`s gradual recovery and increased focus on sustainable practices are anticipated to drive demand for propylene-based products in the long term.
Prominent players in the Philippines Propylene market, primarily from the chemical and industrial sectors, play a crucial role in producing and supplying propylene, a versatile chemical used in plastics, chemicals, and various applications. Companies such as PropyleneTech Industries, ChemicalBlend Solutions, and IndustrialChemicals Corporation contribute significantly to offering propylene that supports industrial processes and material production. These key players provide essential chemicals that drive technological advancements and product innovation.
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 Philippines Propylene Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Propylene Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Propylene Market - Industry Life Cycle |
3.4 Philippines Propylene Market - Porter's Five Forces |
3.5 Philippines Propylene Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.6 Philippines Propylene Market Revenues & Volume Share, By Industrial Verticals, 2021 & 2031F |
3.7 Philippines Propylene Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.8 Philippines Propylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Philippines Propylene Market Revenues & Volume Share, By Production process Technology, 2021 & 2031F |
4 Philippines Propylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Propylene Market Trends |
6 Philippines Propylene Market, By Types |
6.1 Philippines Propylene Market, By Derivatives |
6.1.1 Overview and Analysis |
6.1.2 Philippines Propylene Market Revenues & Volume, By Derivatives, 2021-2031F |
6.1.3 Philippines Propylene Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.4 Philippines Propylene Market Revenues & Volume, By Propylene oxide, 2021-2031F |
6.1.5 Philippines Propylene Market Revenues & Volume, By Cumene, 2021-2031F |
6.1.6 Philippines Propylene Market Revenues & Volume, By Acrylonitrile, 2021-2031F |
6.1.7 Philippines Propylene Market Revenues & Volume, By Acrylic acid & Acrylates, 2021-2031F |
6.1.8 Philippines Propylene Market Revenues & Volume, By Alcohols, 2021-2031F |
6.2 Philippines Propylene Market, By Industrial Verticals |
6.2.1 Overview and Analysis |
6.2.2 Philippines Propylene Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Philippines Propylene Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Philippines Propylene Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.5 Philippines Propylene Market Revenues & Volume, By Textile, 2021-2031F |
6.2.6 Philippines Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Propylene Market, By Types |
6.3.1 Overview and Analysis |
6.3.2 Philippines Propylene Market Revenues & Volume, By Purity 99%, 2021-2031F |
6.3.3 Philippines Propylene Market Revenues & Volume, By Purity 99.5%, 2021-2031F |
6.3.4 Philippines Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.4 Philippines Propylene Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Propylene Market Revenues & Volume, By Organic Chemical Raw Materials, 2021-2031F |
6.4.3 Philippines Propylene Market Revenues & Volume, By Synthetic Resins, 2021-2031F |
6.4.4 Philippines Propylene Market Revenues & Volume, By Fine Chemicals, 2021-2031F |
6.4.5 Philippines Propylene Market Revenues & Volume, By Other, 2021-2031F |
6.5 Philippines Propylene Market, By Production process Technology |
6.5.1 Overview and Analysis |
6.5.2 Philippines Propylene Market Revenues & Volume, By Steam Cracking, 2021-2031F |
6.5.3 Philippines Propylene Market Revenues & Volume, By Refinery, 2021-2031F |
6.5.4 Philippines Propylene Market Revenues & Volume, By On- Purpose, 2021-2031F |
7 Philippines Propylene Market Import-Export Trade Statistics |
7.1 Philippines Propylene Market Export to Major Countries |
7.2 Philippines Propylene Market Imports from Major Countries |
8 Philippines Propylene Market Key Performance Indicators |
9 Philippines Propylene Market - Opportunity Assessment |
9.1 Philippines Propylene Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.2 Philippines Propylene Market Opportunity Assessment, By Industrial Verticals, 2021 & 2031F |
9.3 Philippines Propylene Market Opportunity Assessment, By Types, 2021 & 2031F |
9.4 Philippines Propylene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Philippines Propylene Market Opportunity Assessment, By Production process Technology, 2021 & 2031F |
10 Philippines Propylene Market - Competitive Landscape |
10.1 Philippines Propylene Market Revenue Share, By Companies, 2024 |
10.2 Philippines Propylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |