ETHYLENE AND PROPYLENE MARKET ANALYSIS

Market Challenges And Opportunities

Ethylene And Propylene Market: Growth drivers

Rise in the demand of ethylene & propylene derivatives

Acrylonitrile is the derivative of propylene, which is used in polymers and elastomeric fiber. Acrylonitrile are used in sweaters, socks and sportswear and home furnishings, which contributes their maximum share in the market. Acrylonitrile also used in medical equipment such as valves, mechanical seals, and pumps due to the global coronavirus pandemic rising the demand for medical equipment, which increases the demand of acrylonitrile as well for Ethylene and Propylene in the market.

Rise in the demand for ethylene & propylene in automobile sector

The demand for Ethylene and Propylene is rapidly increasing in the automobile industry, which is expected to drive the growth of Ethylene and Propylene market during the forecast period. Polypropylene is a polymer of propylene that is produced from the monomer of propylene, and this monomer is used in the automobile industry. Due to the Large-scale production of automobiles increase the demand for polypropylene products, which are used in the manufacturing of bumpers, interior trim, instrumental panels, battery cases and trays, fender liners, door trims, and other machineries.

• Rise the demand of their derivatives 
• Rise the demand in automobile sector

Ethylene And Propylene Market: Market restraints

Stringent safety guidelines associated with the transportation and manufacturing of Ethylene and Propylene

Stringent safety guidelines associated with the transportation and manufacturing of Ethylene and Propylene were a major restraint for the Ethylene and Propylene market growth. Ethylene and Propylene is toxic, highly inflammable, and hazardous when it is exposed to extreme pressure and temperatures. Ethylene and Propylene dealers should invest in processes, equipment and technologies to limit the toxic levels and chemical levels. These regulations increased the manufacturing costs in the Ethylene and Propylene industry, therefore regulating scope for investments relating to the expansion of product and launch of new products and into new markets, thereby affecting the growth of the market.

• Stringent safety guidelines which has associated with the transportation and manufacturing of Ethylene and Propylene