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Global Propylene Market to grow at a CAGR of 5.65% during the period 2016-2020.

Press Release   •   Oct 19, 2016 09:25 EDT

About Propylene

Propylene is produced through traditional processes like steam cracking and fluid catalytic cracking (FCC). It is obtained as a byproduct of the steam cracking process of natural gas liquids and naphtha that is used for the production ethylene and from gasoline-producing refinery through the FCC process. Propylene and its derivatives are used in industries such as construction, automotive, furniture, decorative molding, and others.

Technavios analysts forecast the Global Propylene Market to grow at a CAGR of 5.65% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global propylene market for 2016-2020. To calculate the market size, the report considers the sales volume of downstream propylene derivatives like polypropylene, propylene oxide, acrylonitrile, cumene, acrylic acid, and others.

The market is divided into the following segments based on geography:

APAC

Europe

North America

ROW

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Technavio's report, Global Propylene Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

BASF

Dow Chemical

ExxonMobil Chemical

INEOS

LyondellBasell Industries

Other prominent vendors

DuPont

Sumitomo Chemical

Saudi Basic Industries

Chevron Phillips Chemical

Market driver

Increase in demand for polyurethane

For a full, detailed list, view our report

Market challenge

Environmental concerns regarding production of propylene

For a full, detailed list, view our report

Market trend

Growing preference for sustainable products

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?