The Global Propylene for Chemical Grade Market is forecast to reach USD 137.02 Billion by 2027 at a CAGR of 5.9% during the forecast period, according to a new report by Reports and Data. The continuous expansion of the e-commerce sector and increasing emphasis on infrastructural advancements, particularly in the developing regions, are some of the factors ascertaining the long-term growth of the market.
Top Companies Operating in the Global Propylene for Chemical Grade Market:
ExxonMobil, Dow Chemicals, LyondellBasell Industries, INEOS, BASF, LyondellBasell Industries, Sumitomo Chemical, SABIC, Chevron Phillips, and Formosa Plastics Group.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Propylene market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Propylene market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Propylene market key players
3.2 Global Propylene size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Propylene market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/propylene-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Propylene for Chemical Grade Market Segmentation
Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Polymer grade
- Refinery grade
- Chemical grade
Derivative Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Polypropylene
- Cumene
- Propylene oxide
- Alcohols
- Acrylonitrile
- Acrylates
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Packaging
- Automotive
- Textiles
- Construction
- Others
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