Propylene Market To
Reach USD 137.02 Billion
www.reportsanddata.comThe Global Propylene Market is forecast to reach USD 137.02 Billion by 2027, according to a new
report by Reports and Data. Propylene, also known as methyl ethylene, is an organic compound on
which the plastic and chemical sector is highly dependent.
Further key findings from the report suggest
In context to Derivatives, the Polypropylene segment held more than 50.0% of the market in 2019.
The market share held by the Polypropylene segment is attributed to its wide range of applications
ranging from manufacturing containers, packaging, among others. Due to the COVID-19 pandemic,
the emphasis on using single-use plastics and focus on developing a mask with a replaceable
meltblown polypropylene N95-level filter would also contribute to the market share held by the
Initiatives taken by market players like Dow, which focused on low capital intensity, high-return
incremental growth investments, announced on 20 August 2019, that the company will retrofit
proprietary (FCDh) technology with Louisiana cracker to produce on-purpose propylene. Such
initiatives by market players would support the market growth.
In regards to End-user, the Construction segment is projected to witness a considerable growth
rate of 6.9% during the forecast period. Continuous emphasis on infrastructural development
across the globe, like King Abdulaziz Airport Expansion and emergency constructions like
Leishenshan Hospital in China, to tackle the COVID-19 outbreak wherein it is used in paints,
coatings and rigid foams for building insulation contributes to the growth rate witnessed by this
Market Size – USD 96.04 Billion in 2019, Market Growth - CAGR of 5.9%, Market Trends – The
increasing demand for N-95 masks due to COVID-19 outbreak
Derivative Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)