The Global Propane Dehydrogenation (PDH) to Propylene Market size is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Propane Dehydrogenation (PDH) to Propylene Market Driver:
Increasing Demand for Propylene in the Consumer Goods Industry to Drive Market Growth – Over the past few years, the e-commerce area in nations like India, Saudi Arabia, the UAE, and many others has significantly improved due to better internet penetration & the changing customer desire for quick commerce. For instance,
In the year 2022, according to Dubai CommerCity, investments in infrastructure to boost e-commerce growth, such as internet connectivity, data centers, and logistics, have led to a remarkable 33% increase in e-commerce sales from 2019 to 2022.
The rising inclination of consumers has additionally led to the release of numerous online e-commerce systems like Squarespace, Bigcommerce, etc., and the booming trend of Quick-commerce has in addition extended the demand for plastic-based packaging. In addition, these plastic-based packaging products are generally inexpensive, readily available, and protect the products from breaking and leakage. Therefore, quick commerce companies have been offering their products in plastic packaging.
This intensifying requirement for plastic-based packaging has augmented the demand for propylene & its derived products since they are needed in plastic manufacturing. As a result, chemical industries like Mitsubishi, Saudi Polyolefin Co. (SPC), etc., in countries such as China, India, etc., have been increasingly producing on-purpose propylene by opting for PDH technology, thus driving the Global Propane Dehydrogenation (PDH) to Propylene Market.
Moreover, several countries across the globe are actively implementing many initiatives to enhance and solidify their position as a hub for global e-commerce. For instance,
In the year 2022, Saudi Arabia’s Ministry of Commerce launched 10 new initiatives to develop e-stores in the country.
Through these initiatives across different countries, the demand for packaging solutions is further projected to increase, which would augment the size & volume of the Propane Dehydrogenation (PDH) to Propylene Market in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Propane Dehydrogenation (PDH) to Propylene Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Technology
- CATOFIN – Market Size & Forecast 2019-2030, (USD Million)
- UOP Oleflex- Market Size & Forecast 2019-2030, (USD Million)
- Fluidized Catalytic Dehydrogenation (FCDh)- Market Size & Forecast 2019-2030, (USD Million)
- Steam Active Reforming (STAR)- Market Size & Forecast 2019-2030, (USD Million)
- Fluidized Bed Technology (K-Pro)- Market Size & Forecast 2019-2030, (USD Million)
- By End-User
- Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)
- Large-scale PDH Plants (>0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – LyondellBasell Industries Holdings B.V., INEOS Group Limited, Dow Chemical Company, Borealis AG, Formosa Plastics Corporation, Jinneng Science and Technology Co. Ltd., KBR Inc., GAIL Limited, Hyosung Chemical, Lummus Technology LLC, Ascend Performance Materials, Shanghai Huayi (Group) Company, Enterprise Products Partners L.P., Oriental Energy Co. Ltd., PJSC SIBUR Holding, and others are looking forward to strengthening their market positions.
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