Propylene Market
Regions Covered
USA
Europe
Asia
Regions Covered
USA
Europe
Asia
Propylene market is primarily driven by its downstream usage from the PP market. Its demand estimated to grow at a CAGR of 5.3% during 2015-2022.
USA is a net exporter of propylene. However, surplus capacity of Ethylene via ethane based feedstock has altered the market dynamics of propylene (which is currently being produced as a by-product from Naphtha crackers).
Propylene capacity in Europe stood at around ~22.8 million MT in 2017. Capacity rationalization & higher feedstock cost has resulted in no capacity expansion within European market. European market is expected to remain tight during 2018-2020 due to no capacity additions.
The propylene capacity in APAC stood at ~60.6 MMT during the year 2017 and is expected to witness a high growth of 4-6% during 2018-22. Several capacity additions in the China market will reduce the overall imports by more than 50% in the long term.
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
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