How Big is the Propylene Market | Manufacturers and Suppliers 2025

What is the size of Propylene Market?

Growth of Propylene Market is attributed to rising demand from plastics, automotive, packaging, and chemical industries, along with increasing use in propylene derivatives and growing investments in petrochemical infrastructure.

Key Growth Drivers of the Propylene Market

• The demand is increasing from polypropylene and other plastic production
• The consumption is growing in automotive and packaging industries
• The use is rising in propylene derivatives like acrylonitrile, propylene oxide, and cumene
• Expansion of petrochemical infrastructure in emerging economies
• Growing shift towards high-performance and lightweight materials in manufacturing

Propylene Market Trends

Propylene Market is expanding its landscape with strong trends which include the rising production of polypropylene and other derivatives. Other trends, such as rising consumption in automotive, packaging, and construction sectors is driving demand. The adoption of propylene-based chemicals is growing in industrial and consumer products is expanding. Further, the development of on-purpose propylene production technologies and bio-propylene is gaining traction.

Emerging Developments in the Propylene Market

Propylene Market is accelerating as the advancements are occurring such as on-purpose propylene production and integration in petrochemical complexes. On the other hand, the expansion of global production capacities, especially in Asia-Pacific, is accelerating market growth. Now, the companies are investing in sustainable and bio-based propylene to meet environmental regulations. Further, the collaborations and joint ventures are increasing to optimize supply chains and derivative production.

List of Leading Companies in the Propylene Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. LyondellBasell Industries N.V.

This company produces propylene for plastics, chemicals, and industrial applications and focuses on efficient production and sustainable petrochemical solutions.

2. ExxonMobil Chemical Company

This company supplies propylene for polypropylene, synthetic rubbers, and chemical derivatives and known for large-scale production and global petrochemical operations.

3. Chevron Phillips Chemical Company

This company offers propylene for polyolefins, propylene oxide, and other industrial chemicals and emphasizes sustainable practices and technological innovations.

4. Saudi Basic Industries Corporation

This company produces propylene for plastics, synthetic materials, and chemical intermediates and known for global reach and high-quality petrochemical products.

5. INEOS Group Holdings S.A.

This company supplies propylene for polypropylene, oxo-chemicals, and petrochemical derivatives and focuses on innovation, safety, and efficient production processes.

6. TotalEnergies SE

This company offers propylene for industrial chemicals, plastics, and polyolefins and prioritizes sustainability and renewable energy integration in chemical production.

7. LG Chem Ltd.

This company produces propylene for plastics, resins, and chemical intermediates and focuses on advanced material solutions and global chemical supply.

8. Formosa Plastics Corporation

This company supplies propylene for polypropylene, chemicals, and industrial applications and known for large-scale operations and strong regional market presence.

How Big is the Propylene Market : FAQs