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PROPYLENE MARKET ANALYSIS

Propylene Market, By Derivatives (Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Alcohols, Acrylates, and Others), By End-use Industry (Automotive, Construction, Textiles, Packaging, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jun 2024
  • Code : CMI1997
  • Pages :179
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Key Developments

  • In March 2024, Dow launches bio-circular and circular Propylene Glycol solutions in North America.
  • In 2023, Sumitomo Chemical has begun construction of a pilot facility to establish a process for producing propylene directly from ethanol, which is attracting attention as a sustainable chemical raw material.
  • In February 2022, ExxonMobil announced that they will tart polypropylene capacity in Louisiana, U.S. by the end of 2022. This expansion is budgeted at US$ 500 million. Through this expansion, ExxonMobil will enhance their market presence in the U.S. and adjoining countries.
  • In April 2022, Shell plc, a subsidiary of Shell plc, signed the Production Sharing Contract to formally acquire a 25 percent stake of the Atapu field. Shell paid US$ 1.1 billion to Petrobras for the increased stake in the field. With the contract now signed, Shell plc will start receiving its additional share of oil from the field.

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