Global Propylene Market to Grow at 6% CAGR through 2025, States TechSci Research in Its New Report Recently Uploaded at MarketPulishers.com21 Oct 2016 • by Natalie Aster
LONDON – Today, propylene is recognised as one of the most extensively used organic chemical compounds worldwide. Propylene together with its derivatives enjoys robust demand from the production of plenty of downstream chemical products that further find application in packaging and automotive industries. The constantly expanding automotive market, rising industrialisation and remarkable growth of the packaging industry will likely spur growth of global demand for propylene through 2025.
The world’s propylene market is expected to grow at a CAGR of 6% from 2016 till 2025, propelled majorly by enhancing global industrialisation and escalating demand for environmentally friendly paints from residential and commercial sectors. The propylene market is further boosted by announcements of new OPT plants construction projects and also by smooth global trading practices.
Due to government initiatives aimed at reduction of greenhouse gas emissions and considerable growth in the light commercial vehicles and packaging industries, polypropylene (PP) is slated to take lead in the world’s propylene market in the medium term.
Top players in the global propylene market include ExxonMobil Corporation, Sinopec Corp. CNPC, amid others.
Novel market research publication “Global Propylene Market By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025” created by TechSci Research provides an in-depth analysis of the global propylene market. It identifies the current trends and recent developments in the market and highlights future growth opportunities and prospects of the propylene market for the upcoming years. Moreover, the report delves deep into the market dynamics, reviews the market growth driving and hindering forces. Valuable strategic recommendations for consultants, manufacturers, enterprises and dealers are provided here. The study explores the competitive scenario and comprises profiles of 10 top players. A granular market segmentation analysis (in terms of applications and regions) is provided in the report, too. Future market forecasts through 2025 are also at hand here.
Many other new research reports by TechSci Research can be easily found at its page at MarketPulishers.com.