H1 2023: The prominent producers of Propylene in H1 2023 were LyondellBasell, BASF SE, Borealis, and Dow Chemicals. The largest polypropylene and propylene factory in Central and Eastern Europe, Polimery Police in Poland, officially began operating at the end of June 2023, according to Grupa Azoty Group. 429 thousand tonnes of propylene and 437 thousand tonnes of polypropylene will be produced annually at Grupa Azoty Group's newly built factory. With the beginning of production at Polimery, Police, Poland, the Grupa Azoty Group will now rank among the top producers of this polypropylene in Europe. In H1 2023, prices for polypropylene in Europe were full of ups and downs. Due to a resurgence in manufacturing activity despite high energy costs, the overall prices of propylene in the German market experienced an unprecedented increase in the first two months of 2023. Because of strong operating rates and a steady stream of imports from the international market, supplies were comparatively adequate. Despite this, industry participants reported a small number of new orders, and the regional market's demand from downstream PP, PO, and other value chains remained steady. However, as a result of the market becoming more pessimistic in March 2023, propylene prices began to decline. In April, May, and June, respectively, prices for propylene in Germany. Due to sluggish demand from the downstream polypropylene sector, there was an excess of propylene in the European market. Additionally, the region procured cheap imports from other Asian nations.
The Europe Propylene market stood at approximately 15.7 million tonnes in 2022 and expected to grow at a steady CAGR of 5.42% during the forecast period until 2032.
As a crucial raw ingredient for many other chemicals, propylene is a versatile commodity in the chemicals and petrochemicals sector. Through various procedures such polymerization, esterification, oxidation, hydration, and alkylation, propylene is also utilised as a feedstock to produce a variety of other compounds, including cumene, polypropylene, acetone, isopropyl alcohol, and cumene. Applications for polypropylene include the manufacture of vehicles, dashboards, wire and cable sheathing, insulating films, fittings, and pipes, battery casings, as well as packaging supplies including cups and bottle caps.
The polymerization process is used to make polypropylene (PP), which consumes the majority of the propylene produced in Europe. PP is widely used in packaging purposes Due to PP's ability to operate as a moisture barrier, packaged food and beverage goods are shielded from both internal and external influences that could cause deterioration. Additionally, it shields the goods from temperature changes and UV rays. It is simpler to print the information because of the chemical's strong tensile strength and elongation characteristics. The need for polypropylene goods, which are used to make bumpers, interior trim, instrument panels, battery boxes and trays, fender liners, door trims, and other machinery, has increased as a result of the large-scale production of automobiles. Germany is the global hub of producing automotives and is likely to witness a heavy sale of vehicles and manufacturing activities in response to growth in population levels. Owing to these factors, the Europe Propylene market is expected to reach 26.5 million tonnes in 2032.
Based on region, the propylene market is segmented into Western Europe, Southern Europe, Central and Eastern Europe, and Rest of Europe. Among these, Western Europe is in the leading position and held a market share of approximately 50% in the year 2022.
Based on the end-user industry, the Europe Propylene market is segmented into Polypropylene, Cumene, Oxo Alcohol, and Others. Among these industries, the Polypropylene industry is the biggest consumer and displayed a consumption of about 65% of the market in 2022. Polypropylene finds use in a number of sectors including packaging, automotive, infrastructure and construction, and consumer goods. Oxo-alcohols are generally used as solvents in the production of chemicals, lubricant additives, paints, coatings, and plasticizers. Acrylates, acetates, chemical intermediates, and plasticizers are the main end-use industries for oxy alcohols.
Significant players in the Europe Propylene market are LyondellBasell, BASF SE , Borealis, Dow Chemicals, INEOS, Total Petrochemicals, ExxonMobil Chemical, Braskem, Shell, ZapSibNeftekhim, Tobolsk polymer, Polski Koncern Naftowy Orlen, Sibur, Repsol YPF, Ducor Petrochemicals BV, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Propylene which covers production, demand and supply of Propylene market in the globe.
• To analyse and forecast the market size of Propylene
• To classify and forecast Europe Propylene market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Propylene market in the globe.
To extract data for Europe Propylene market, primary research surveys were conducted with Propylene manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Propylene market over the coming years.
ChemAnalyst calculated Propylene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Propylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers 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
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Propylene s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Propylene s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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15.7 million tonnes
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Market size Volume by 2032
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26.5 million tonnes
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Growth Rate
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CAGR of 5.42% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade Manufacturing Process.
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Segments covered
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By End-Use: (Polypropylene, Cumene, Oxo Alcohol, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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Western Europe, Southern Europe, Central and Eastern Europe, and Rest of Europe
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com