What is Propylene-Petrochemical?
Propylene-Petrochemical is the most ancient petrochemical feedstock in the gas industry. Propylene, also known as 1-propene, is a small, stable, unsaturated hydrocarbon molecule used in the gas industry. Propylene, also known as propene, is a chemical compound with the formula CH3 CH=CH2. It has one double bond and is the second simplest hydrocarbon in the alkene class. It is a colorless gas with a faint smell of petroleum. Petrochemicals are the chemical byproducts of petroleum refining. Some petroleum-derived chemical compounds are also derived from other fossil fuels, such as coal or natural gas, or renewable sources, such as maize, palm fruit, or sugar cane.
|Unit||Value (USD Million)|
|Key Companies Profiled||AGC Chemicals (United States), Archer Daniels Midland Company (United States), Asahi Kasei Corporation (Japan), BASF SE (Germany), Chevron Phillips Chemical Company (United States), China National Petroleum Corp (CNPC) (China), China Petrochemical Corporation (China), Dangote Industries Ltd (Nigeria), Eni SpA (Italy) and Enterprise Products Partners L.P (United States)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Homopolymer and Copolymer) , by application (Injection Molding, Fiber and Raffia, Film and Sheet and Blow Molding) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Propylene-Petrochemical market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Propylene-Petrochemical market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are AGC Chemicals (United States), Archer Daniels Midland Company (United States), Asahi Kasei Corporation (Japan), BASF SE (Germany), Chevron Phillips Chemical Company (United States), China National Petroleum Corp (CNPC) (China), China Petrochemical Corporation (China), Dangote Industries Ltd (Nigeria), Eni SpA (Italy) and Enterprise Products Partners L.P (United States).
The GPCPSIR General Development Control Regulations have been tailored to the PCP industrial areas and are sufficiently flexible to allow for innovative and cutting-edge developments.
The global propylene petrochemical market is dispersed. Dow, BASF SE, Sumitomo Chemical Co., Ltd., Exxon Mobil Corporation, INEOS, LyondellBasell Industries Holdings B.V., SABIC, Asahi Kasei Corporation, China Petrochemical Corporation, Chevron Phillips Chemical Company, Manali Petrochemical, AGC Chemicals, Royal Dutch Shell, Oleon NV, and other prominent players are active in the global propylene market. The market leaders maintain their dominance by improving their production capabilities, conducting research and development, and launching improved products for customers. Various strategies are used, such as strategic alliances, agreements, mergers, and collaborations.
Propylene-Petrochemical Market Dynamics:
- Increased Use of Propylene
- Increasing the Demand for Downstream Products from End-Use Industries
- Development of an economy
- Expansion of Organized Retail
- Propylene-Petrochemical Companies Are Adopting On-Purpose Propylene Production Technologies
- Growth of a Propylene Containers Economy
- Strict Safety Regulations Regulate the Manufacture and Transportation of Propylene
- Fluctuating Prices Of Propylene-Petrochemical
- Regulations Imposed Due To Environmental Hazards
|Road Blocks / Challenges|
- High Risk to Handling the Propylene-Petrochemicals
- It Is Dangerous and Toxic Substance
|Gaps & Opportunities|
- Increase in Technological Advances to Reduce Emissions of Propylene-Petrochemicals
Key highlights of the Global Propylene-Petrochemical market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Propylene-Petrochemical market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Propylene-Petrochemical market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Propylene-Petrochemical Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Propylene-Petrochemical market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Propylene-Petrochemical market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Propylene-Petrochemical Distributors and Suppliers, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.