India Propylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035
The India Propylene market has grown significantly in the past years and reached 6.3 million tonnes in FY2022 and is expected to further grow at a steady CAGR of 6.01% during the forecast period until FY2035. Rising demand of polypropylene for flexible food packaging and producing other plastic commodities is anticipated to cause Propylene market expansion in India.
Propylene is a colorless and combustible gas with chemical formula C3H6 which is synthesized from petroleum. Primarily, propylene is used to make polypropylene polymers for injection molding, fibres, and cumene (used in phenol production). Additionally, isopropanol, acrylic acid, oxo alcohols, and propylene oxide are all made from propylene. Polypropylene, a significant member of the polyolefin resin family, is molded or extruded into a wide variety of plastic goods and parts. Polypropylene displays properties like hardness, elasticity, low weight, and heat resistance and find application in various industries such as automobile components, flexible food packaging, upholstery, camping goods, etc. Polypropylene is also frequently utilized in the automotive sector, including for batteries casings, tray and beverage holders, bumpers, interior details, and door moldings. With the growing demand of automobiles with the growing per capita income and modernization in the nation, the demand of polypropylene is anticipated to rise, resulting an expected rise in the Propylene consumption. Owing to these reasons, the Propylene market is estimated to reach approximately 13 million tonnes by FY2035.
Based on the region, the Propylene market is segmented into West, South, North, and South. In the historic period of FY2015-FY2021, West India has been dominating the market and accounted about 37% of the Propylene market in FY2022. Gujarat is being the largest consumer of propylene owing to the location of numerous polypropylene production sites located in this state. In FY2022, Gujarat remained the dominant state for the manufacturing of propylene and polypropylene homopolymer (PPHP). India Oil Corporation Limited (IOCL) is aiming to construct up a new manufacturing line in Gujarat with a capacity of about 500 KTPA. This line is expected to be operational by FY2025. In Vadinar, Gujarat, a propylene recovery unit is anticipated to be established by a new market player, Nayara Energy Limited.
Based on end-use, the India Propylene market is segregated into Polypropylene, Isopropanol, Acrylonitrile, Oxo alcohol, and Others. Among these industries, the Polypropylene industry is dominating the Propylene market. In FY2022, this industry consumed 90% of the Propylene market. With the food and beverage industry's growing need for flexible packaging made of polypropylene films, the propylene industry is anticipated to further expand in the forecast period.
Major players in the India Propylene market are Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Haldia Petrochemicals Limited, HPCL-Mittal Energy Limited, ONGC Petro additions Limited, and Others.
Years considered for this report:
ChemAnalyst calculated Propylene demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Propylene to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
Report Scope:
In this report, India Propylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
Propylene is a colorless and combustible gas with chemical formula C3H6 which is synthesized from petroleum. Primarily, propylene is used to make polypropylene polymers for injection molding, fibres, and cumene (used in phenol production). Additionally, isopropanol, acrylic acid, oxo alcohols, and propylene oxide are all made from propylene. Polypropylene, a significant member of the polyolefin resin family, is molded or extruded into a wide variety of plastic goods and parts. Polypropylene displays properties like hardness, elasticity, low weight, and heat resistance and find application in various industries such as automobile components, flexible food packaging, upholstery, camping goods, etc. Polypropylene is also frequently utilized in the automotive sector, including for batteries casings, tray and beverage holders, bumpers, interior details, and door moldings. With the growing demand of automobiles with the growing per capita income and modernization in the nation, the demand of polypropylene is anticipated to rise, resulting an expected rise in the Propylene consumption. Owing to these reasons, the Propylene market is estimated to reach approximately 13 million tonnes by FY2035.
Based on the region, the Propylene market is segmented into West, South, North, and South. In the historic period of FY2015-FY2021, West India has been dominating the market and accounted about 37% of the Propylene market in FY2022. Gujarat is being the largest consumer of propylene owing to the location of numerous polypropylene production sites located in this state. In FY2022, Gujarat remained the dominant state for the manufacturing of propylene and polypropylene homopolymer (PPHP). India Oil Corporation Limited (IOCL) is aiming to construct up a new manufacturing line in Gujarat with a capacity of about 500 KTPA. This line is expected to be operational by FY2025. In Vadinar, Gujarat, a propylene recovery unit is anticipated to be established by a new market player, Nayara Energy Limited.
Based on end-use, the India Propylene market is segregated into Polypropylene, Isopropanol, Acrylonitrile, Oxo alcohol, and Others. Among these industries, the Polypropylene industry is dominating the Propylene market. In FY2022, this industry consumed 90% of the Propylene market. With the food and beverage industry's growing need for flexible packaging made of polypropylene films, the propylene industry is anticipated to further expand in the forecast period.
Major players in the India Propylene market are Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Haldia Petrochemicals Limited, HPCL-Mittal Energy Limited, ONGC Petro additions Limited, and Others.
Years considered for this report:
- Historical Period: FY2015-FY2022
- Base Year: FY2022
- Estimated Year: FY2023
- Forecast Period: FY2024- FY2035
- To assess the demand-supply scenario of Propylene which covers production, demand and supply of Propylene market in India.
- To analyse and forecast the market size of Propylene in India.
- To classify and forecast India Propylene market based on end-use and regional distribution.
- To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Propylene market in India.
ChemAnalyst calculated Propylene demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Propylene to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Propylene manufacturers and other stakeholders
- Organizations, forums and alliances related to Propylene distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, India Propylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by End-use: Polypropylene, Isopropanol, Acrylonitrile, Oxo alcohol, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: Northern India, Southern India, Eastern India, Western India
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
1. CAPACITY BY COMPANY
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Propylene.
2. CAPACITY BY LOCATION
To better understand the regional supply of Propylene by analyzing its manufacturers' location-based capacity.
3. PRODUCTION BY COMPANY
Study the historical annual production of Propylene by the leading players and forecast how it will grow in the coming years.
4. DEMAND BY END- USE
Discover which end-user industry (Polypropylene, Isopropanol, Acrylonitrile, Oxo alcohol, and Others) are creating a market and the forecast for the growth of the Propylene market.
5. DEMAND BY REGION
Analyzing the change in demand of Propylene in different regions across India, i.e., Northern India, Southern India, Eastern India, Western India, that can direct you in mapping the regional demand.
6. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Propylene. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
7. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Propylene.
8. COMPANY SHARE
Figure out what proportion of the market share of Propylene is currently held by leading players across India.
9. COUNTRY-WISE EXPORT
Get details about quantity of Propylene exported by major countries.
10. COUNTRY-WISE IMPORT
Get details about quantity of Propylene imported by major countries.
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Propylene.
2. CAPACITY BY LOCATION
To better understand the regional supply of Propylene by analyzing its manufacturers' location-based capacity.
3. PRODUCTION BY COMPANY
Study the historical annual production of Propylene by the leading players and forecast how it will grow in the coming years.
4. DEMAND BY END- USE
Discover which end-user industry (Polypropylene, Isopropanol, Acrylonitrile, Oxo alcohol, and Others) are creating a market and the forecast for the growth of the Propylene market.
5. DEMAND BY REGION
Analyzing the change in demand of Propylene in different regions across India, i.e., Northern India, Southern India, Eastern India, Western India, that can direct you in mapping the regional demand.
6. DEMAND BY SALES CHANNEL (DIRECT AND INDIRECT)
Multiple channels are used to sell Propylene. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
7. DEMAND-SUPPLY GAP
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Propylene.
8. COMPANY SHARE
Figure out what proportion of the market share of Propylene is currently held by leading players across India.
9. COUNTRY-WISE EXPORT
Get details about quantity of Propylene exported by major countries.
10. COUNTRY-WISE IMPORT
Get details about quantity of Propylene imported by major countries.
