Global Propylene Market Size & Outlook, 2022-2030
Global propylene market, 2018-2030 (US$M)
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Global propylene market highlights
- The global propylene market generated a revenue of USD 63,223.1 million in 2022 and is expected to reach USD 102,933.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.3% by 2030.
- In terms of segment, polypropylene accounted for a revenue of USD 44,100.5 million in 2022.
- Propylene oxide is the most lucrative additives segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Angola is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 63,223.1 million |
| Market revenue in 2030 | USD 102,933.7 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Propylene oxide |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Propylene oxide, Acrylonitrile, Phenol/cumene, Acrylic acid, Isopropanol |
Other key industry trends
- In terms of revenue, the North America accounted for 25.0% of the global propylene market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Angola is the fastest growing regional market and is projected to reach USD 60.9 million by 2030.
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Propylene Market Scope
Propylene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global propylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to propylene market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 69.75% in 2022. Horizon Databook has segmented the Global propylene market based on polypropylene, propylene oxide, acrylonitrile, phenol/cumene, acrylic acid, isopropanol covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Propylene Additives Outlook (Revenue, USD Million, 2018-2030)
- Polyethylene
- Polypropylene
- Propylene oxide
- Acrylonitrile
- Phenol/cumene
- Cyclohexane
- Nitrobenzene
- Alkyl benzene
- Solvents
- TDI
- Formaldehyde
- Gasoline
- Acetic Acid
- MTBE
- Dimethyl Ether
- MTO/MTP
- Monomers
- Acrylic acid
- Isopropanol
- SB Rubber
- Butadiene rubber
- ABS
- SB latex
- Ethylene Oxide
- EDC
- Ethyl benzene
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global propylene market , including forecasts for subscribers. This global databook contains high-level insights into Global propylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global propylene market size, by region, 2018-2030 (US$M)
Top 10 countries: Propylene market size, 2022 (US$M)
Global propylene market share, by additives, 2022 & 2030 (%, US$M)
Propylene market: Opportunity assessment by country
Global propylene market, by region, 2022 (US$M)
| Additives | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,934.9 | 1,992.8 | 2,000.8 | 2,028.9 | 2,084.1 | 2,154.8 | 2,230.1 | 2,330.2 | 2,427.9 | 2,525.0 | 2,623.3 | 2,810.5 | 2,929.0 | 4.0% |
| Europe | 14,118.0 | 14,803.3 | 15,045.6 | 15,449.8 | 16,076.0 | 16,855.4 | 17,687.3 | 18,746.8 | 19,816.8 | 20,915.6 | 22,066.9 | 23,938.4 | 25,350.9 | 5.6% |
| North America | 13,645.2 | 14,342.0 | 14,649.4 | 15,108.4 | 15,786.1 | 16,616.3 | 17,515.6 | 18,673.1 | 19,849.1 | 21,068.1 | 22,349.8 | 24,283.7 | 25,858.7 | 6.1% |
| MEA | 1,878.3 | 1,967.5 | 1,954.9 | 2,008.5 | 2,074.4 | 2,158.1 | 2,247.5 | 2,348.8 | 2,450.0 | 2,550.4 | 2,649.6 | 2,842.7 | 2,962.1 | 4.1% |
| Asia Pacific | 21,067.9 | 24,349.4 | 25,053.1 | 25,936.7 | 27,202.6 | 28,748.5 | 30,428.9 | 32,517.8 | 34,664.3 | 36,885.0 | 39,225.5 | 42,937.3 | 45,833.1 | 6.4% |
| Overall | 52,644.3 | 57,454.9 | 58,703.8 | 60,532.3 | 63,223.1 | 66,533.0 | 70,109.4 | 74,616.7 | 79,208.1 | 83,944.0 | 88,915.0 | 96,812.6 | 102,933.7 | 6.3% |
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