The Global Propylene Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Propylene Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

Propylene is a flammable, colorless gas used in the production of several chemical compounds. The product records a high demand from the packaging sector, which is set to drive industry growth over the forthcoming years. The market recorded a mixed impact during the COVID-19 pandemic. This was due to the reduced plastics demand on account of reduced manufacturing activity and the vitality of the product for medical supplies.

Fortune Business Insights™ provides this information in its research report, titled “Propylene Market, 2025-2032”.

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Forecast Growth Projected:

The global propylene market size was valued at USD 121.34 billion in 2023 and is projected to grow from USD 127.85 billion in 2024 to USD 194.62 billion by 2032 at a CAGR of 5.4% during the forecast period.

List of the Key Players in the Propylene Market:

• China Petrochemical Corporation. (China)
• LyondellBasell Industries Holdings B.V. (U.S)
• Braskem (Brazil)
• PetroChina Company Limited (China)
• SABIC (Saudi Arabia)
• BASF SE (Germany)
• Reliance Industries Limited. (India)
• Mitsui Chemicals, Inc. (Japan)
• Exxon Mobil Corporation (U.S.)
• Shell plc (U.K.)

Segmentation:

Polypropylene Segment Held a Prominent Share Owing to Lightweight Nature