Published September 2023
Propylene is the second-largest-volume primary petrochemical produced globally. It is an important raw material for the production of organic chemicals such as polypropylene, acrylonitrile, propylene oxide and oxo alcohols, as well as for a large variety of industrial products. Global consumption of propylene will continue to grow during 2022–27, driven primarily by the developing markets in Asia, particularly mainland China. Propylene consumption varies by region, based on the development of downstream derivative capacity. The following chart shows consumption of propylene by major region:
With fast-growing global requirements, on-purpose propylene facilities continue to be developed to supplement the traditional production routes (ethylene crackers and refineries). Changes in fuel consumption, evolving mobility trends and changing cracker feed are projected to modify the propylene production pattern in the medium and long term.
Partially protected by some key pandemic-related demand trends in 2020, polypropylene is projected to continue to be the dominant outlet for propylene, and its overall share of the global propylene market will expand further through 2026. Other applications such as propylene oxide, cumene, and acrylonitrile will further recover from a gloomy 2020 and grow, each with their own specific regional dynamics. Uncertainties brought about by the ongoing conflict between Russia and Ukraine and associated international sanctions, an escalating trade dispute between the United States and mainland China, and economic and security concerns in certain regions have cast a shadow over the global economy. Against this backdrop, propylene demand will continue to grow, fueled primarily by the further economic development of emerging countries.
For more detailed information, see the table of contents, shown below.
S&P Global’s Chemical Economics Handbook – Propylene is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including
Key Benefits
S&P Global’s Chemical Economics Handbook – Propylene has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade and economics.
This report can help you:
- Identify trends and driving forces influencing chemical markets
- Forecast and plan for future demand
- Understand the impact of competing materials
- Identify and evaluate potential customers and competitors
- Evaluate producers
- Track changing prices and trade movements
- Analyze the impact of feedstocks, regulations and other factors on chemical profitability
