The report includes forecast and analysis for the Propylene market on a global and regional level. The research gives important data of 2016, 2017 and 2018 along with a projection from 2018 to 2026 based on revenue. The study covers drivers and limitations of the Propylene market along with the impact they have on the trade over the forecast period. Additionally, the report covers the study of possibilities available in the Propylene market on a global level.
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Propylene belongs to the alkene class with three double bonded carbon atoms. It is the second highest used petrochemical after ethylene. Propylene or Propene is a byproduct of oil refining and natural gas processing. During oil refining, ethylene, propene, and other compounds are produced as a result of cracking larger hydrocarbons. A major source of propylene is naphtha cracking, which is intended to produce ethylene and results from refinery cracking producing other products. Propane dehydrogenation converts propane into propylene with byproduct hydrogen. Fluid Catalytic Cracking splitters and On-Purpose Technology (OPT) are most widely used propylene production technologies worldwide. Its end-uses include films, fibers, containers, packaging, and caps and closures. Propylene is considered as an important building block for various chemicals such as polypropylene, propylene oxide, acrylonitrile, cumene, oxoalcohols, isopropylalcohol, acrylic acid, acrylated, isobutyl benzene, and EPDM rubbers. These derivatives of propylene are used in various end-use industries such as automotive, construction, textiles, and packaging.
This report provides an overview of the trends, drivers, restraints, challenges, or opportunities including respect to the Propylene Market. It also presents a detailed overview of the Propylene Market across five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The report categorizes the Propylene Market based on the type and end-use industry. A detailed analysis regarding the leading players about the Propylene Market, along with key growth strategies adopted via them, is also covered in the report.
The report aims to present a study of Global Propylene Market along with accurate segmentation of market by type, solution, application and five major geographical regions. Global Propylene market is supposed to witness a high increase during the forecast years due to expanding risk of data theft and firm government regulation.
The report also tracks the major market functions including product launches, technological advancements, mergers & benefits, and the innovative market tactics opted by key market players. Along with strategically examining the key micro markets, the paper also focuses on industry-specific drivers, restraints, possibilities and challenges in the Propylene market.
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The objectives of this report are as follows:
-To present overview of the global Propylene market
-To examine and forecast the global Propylene market on the basis of types, explications, and applications
To present market size and forecast till 2026 for overall Propylene market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented over respective major countries
-To evaluate market dynamics effecting the market during the projection period i.e., drivers, barriers, opportunities, and coming trend
-To provide exhaustive PEST analysis for all five regions
-To profiles key Propylene players influencing the industry along with their SWOT analysis and market policies
The major players operating in the global propylene market include China Petroleum & Chemical Corporation, BASF SE, ExxonMobil Corporation, The DOW Chemical Company, LyondellBasell Industries N.V., SABIC, BP Plc., and IRPC Plc.
The research methodology for Coherent Market Insights Propylene market report utilizes a key of top-down and bottom-up research arrangements. Our initial focus on continuous market tracking, accurate fact-checking, data-triangulation, and multiple layers of quality control assures high-quality data that can be leveraged for actionable study insights.
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This report examines the Propylene market by the following segments:
• Propylene Market, by Application
• Propylene Market, By Technology
• Propylene Market, By Portability
• Propylene Market, By Type of Systems
• Propylene Market, By End Users
• Propylene Market, By Price Segments
Geographic coverage and Report
This market research report covers the following geographic regions in great detail:
• NORTH AMERICA
• MIDDLE EAST & AFRICA
• LATIN AMERICA
What is the growth achieved till date?
What are the increasing opportunities in the Propylene Sector?
What are the Investment Opportunities in Propylene Sector?
What are the Challenges confronted via the Propylene Sector worldwide then location wise?