KONSTANZ, GERMANY, March 03, 2011
/24-7PressRelease/ -- The new study from Ceresana Research forecasts a dynamic development of the global demand for propylene, namely an increase of more than 20 million tons by 2017. "Sales of propylene reached their peak value of over 90 billion US dollars in 2008", reports Oliver Kutsch, the president of the market research institute. "This level will be surpassed as soon as in 2012."
China Overtakes the United States
An important factor, which will impact the global propylene market, is the massive capacity expansions for propylene and downstream products in the Middle East and China. Middle East countries exhibit the largest increases in propylene production and demand. Ceresana Research expects that supply and demand in these countries will have doubled by 2014. However, the Asia-Pacific region will continue to dominate the market and generate more than 45% of all demand. China is rising to become the greatest propylene consumer worldwide and will most likely edge out the U.S. to the second place in 2011.
Plastics Made of Propylene
The most important buyers of propylene include manufacturers of polypropylene who account for nearly two thirds of all demand. Polypropylene is one of the best-selling plastics, second only to polyethylene. The largest consumer is the automobile industry. Polypropylene has a very wide range of applications and is, for example, also needed for the manufacturing of packaging films, bottle caps, fiber ropes as well as for bicycle helmets and nappies.
An Important Pre-Product
The second-largest propylene market consists of producers of acrylonitrile, followed by propylene oxide. The production of cumene accounts for about 5.5% of the global demand for propylene. Acrylonitrile is mainly used to produce acrylic fibers, which are processed into textiles. The derivatives of propylene oxide are needed as raw materials for the manufacturing of products like polyurethane, lacquers and adhesives, polyester resins, cooling agents, antifreeze, and solvents. Cumene is mainly used to manufacture phenol and acetone, and is therefore also a pre-product for bisphenol A, phenol resins, caprolactam, and methyl methacrylate.
Detailed Investigation
The 777-page market study by Ceresana Research analyzes the world market for propylene: Demand, production, imports, exports, revenues, and prices are examined, including forecasts up to 2017. Particular emphasis is put on the 55 countries where propylene is produced. The thoroughly investigated applications areas include polypropylene, acrylonitrile, propylene oxide, cumene, isopropanol, acrylic acid, 2-ethylhexanol, and n-butanol. The useful buyers guide lists 137 profiles of all large propylene manufacturers. The study is available in English or German from Ceresana Research: http://www.ceresana.com/en/market-studies/chemicals/propylene/
About Ceresana Research
Ceresana Research is one of the world's leading industrial market research institutions. Companies, institutions, and associations from more than 45 countries have already profited from our global market data and well-founded prognoses. Our core competencies include chemicals + plastics + additives + commodities + materials + industrial components + packaging + construction materials.
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- acid, acrylic, acrylonitrile, capacities, companies, cumene, demand, isopropanol, market, materials, oxide, petrochemicals, plastics, polypropylene, propylene, raw, sales
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