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)

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.