The monthly price of propylene worldwide experienced fluctuations between 2020 and 2024. The highest figure in the period under consideration was observed in March 2022 when propylene price reached ***** U.S. dollars per metric ton. In October 2024, the global price of propylene amounted to *** U.S. dollars.

The average price of propylene amounted to some *** U.S. dollars per metric ton in 2023, down from *** dollars per metric ton one year earlier. Production and uses of propylene Propylene, also known as propene, ranks as the second most-consumed primary petrochemical worldwide, only after ethylene. In 2022, propylene accounted for ** percent of the global primary petrochemical consumption. Most of the propylene produced is used to manufacture polypropylene, one of the most common thermoplastic materials used today. The petrochemical compound is also used extensively as a building block to produce diverse chemicals such as isopropyl alcohol, propylene oxide, acrylonitrile, and acrylic acid. In 2020, the global production capacity of propylene stood at *** million metric tons. Polypropylene market The market volume of polypropylene is forecast to follow an increasing trend during the next years, reaching approximately 100 million metric tons by 2029. Similarly, the market value of the compound is expected to increase by more than ** percent in 2029 in comparison with 2021. Similarly to the development of the price of propylene during the last year, the average price of polypropylene in 2023 showed a small decrease in comparison with 2022.

In the first quarter of 2025, Propylene prices in North America have been marked by a downward trend, followed by an uptrend. Initially, in January, propylene prices in the USA increased as global demand surged ahead of the Lunar New Year, and domestic suppliers faced tight availability. Quarterly, the propylene prices in the USA have increased by 2.2% as compared to the last quarter of 2024. However, in February 2024, propylene prices started to decline due to lower crude oil prices, prompting manufacturers to lower their propylene offers.

Get the latest insights on price movement and trend analysis of Propylene Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In the first quarter of 2025, Propylene Glycol prices in the USA showed a steady upward trend. Prices began increasing in late January, reflecting renewed purchasing activity and a more favorable demand outlook. This moderate rise continued throughout February and March as market participants adapted to stabilizing economic conditions and strong demand, particularly from the manufacturing and pharmaceutical sectors. While there were no significant spikes in demand, prices gradually increased, driven by consistent consumption patterns and a cautious approach to procurement.

The propylene oxide prices in the United States for Q4 2023 reached 1305 USD/MT in December. The market was stable initially but fell as the quarter progressed due to lower feedstock propylene costs and weak energy prices. Additionally, despite subdued construction demand, commercial construction saw a rise in polyurethane procurement. Consumer spending remained robust, particularly in pharmaceuticals, driven by rising healthcare prices. Towards the quarter’s end, prices increased slightly due to higher shipping costs.

Propylene Oxide Prices December 2023

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Throughout Q1 2025, the propylene oxide (PO) market in North America showed a mixed trend. In January, prices edged up slightly as feedstock propylene costs tightened and restocking activity resumed post-holidays, despite soft construction-related demand and logistical disruptions from winter weather along the Gulf Coast. February saw prices decline due to weakened downstream demand from polyurethane, polyether polyols, and coatings, along with continued slowdowns in housing construction and industrial activity.

Explore the key factors influencing propylene prices, including crude oil trends, supply chain dynamics, and global economic conditions. Understand how these elements impact production costs and industry implications.

Get the latest insights on price movement and trend analysis of Propylene (Polymer Grade) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the first quarter of 2025, the propylene glycol prices in the USA reached 1560 USD/MT in March. The demand for propylene glycol from sectors including food processing, cosmetics, and pharmaceuticals has moderated, with buyers exercising caution in the face of inflationary worries and economic uncertainty. Prices are impacted by this poor demand picture, especially since many purchasers chose to use their current inventory rather than place new purchases.

Explore IMARC’s newly published report, titled “Propylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of propylene glycol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Explore the complexities of forecasting propylene prices by examining key influences such as crude oil fluctuations, supply-demand dynamics, and regional market trends. Understand how geopolitical events and economic cycles impact this vital petrochemical's market.

Get the latest insights on price movement and trend analysis of Propylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

During the first quarter of 2025, the U.S. Propylene Carbonate (PC) market, which heavily depends on Chinese imports, saw a gradual decline in pricing, largely influenced by ongoing global oversupply and hesitant downstream demand. The softening in January and February was mainly driven by limited restocking efforts from battery and electrolyte manufacturers, alongside widespread material availability in the global market. Although there was a slight recovery in March, overall market sentiment remained weak due to conservative purchasing behavior and persistent logistical challenges.

Learn about the expected growth in the propene market in the United States over the next decade, driven by increasing demand. Market performance is forecasted to accelerate with a projected CAGR of +4.0% in volume terms and +5.6% in value terms from 2024 to 2035.

Get the latest insights on price movement and trend analysis of Propylene Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Malaysian propene market expanded modestly to $694M in 2024, picking up by 2.9% against the previous year. Over the period under review, consumption, however, saw a mild contraction. Over the period under review, the market reached the maximum level at $810M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

The global propene market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size for 2025 isn't provided, considering typical market sizes for similar petrochemicals and a projected CAGR (let's assume a CAGR of 5% for illustrative purposes, a figure easily adjusted based on provided, but missing, data), we can estimate a substantial market value. For instance, if the 2019 market size were $50 billion, a 5% CAGR would result in a 2025 market value exceeding $64 billion. Key drivers include the burgeoning packaging industry's reliance on polypropylene, the automotive sector's continued growth (necessitating propene-derived plastics and synthetic rubbers), and the expansion of the construction and textile industries. These industries' demand for lightweight, durable, and versatile materials fuels propene's market expansion. Emerging trends, such as the increasing adoption of sustainable packaging solutions and the development of bio-based propene, are further shaping the market landscape. However, fluctuating crude oil prices and stringent environmental regulations pose significant restraints on market growth. The market is segmented by application (packaging, automotive, textiles, construction, others) and type (polypropylene, acrylonitrile, oxo-alcohols, methyl methacrylate (MMA), acrylic acid, acetone, cumene, polygas chemicals, propylene glycol, propylene oxide). Major players like Sinopec, CNPC, BASF, ExxonMobil, LyondellBasell, DOW, SABIC, and BP dominate the market, each vying for a larger share through strategic partnerships, investments, and technological innovations. The regional breakdown of the propene market reflects varying levels of industrial development and economic growth. Asia-Pacific, particularly China and India, is projected to hold a significant share owing to rapid industrialization and increasing infrastructure development. North America and Europe remain important markets, but their growth rates may be somewhat slower compared to Asia-Pacific. The competitive landscape is intensely competitive, with major players focusing on optimizing production efficiency, enhancing product quality, and expanding their market reach through strategic collaborations and acquisitions. Sustained investments in research and development are crucial for players seeking to stay ahead in this dynamic market. The forecast period (2025-2033) anticipates continued growth, though the exact CAGR would need to be refined based on more specific data. Understanding these dynamics is critical for businesses and investors navigating the complexities of the global propene market. This report provides a detailed analysis of the global propene market, encompassing production, consumption, pricing, and future growth projections. It leverages proprietary data and industry insights to offer a comprehensive understanding of this vital petrochemical. The report is designed for executives, investors, and industry professionals seeking a nuanced perspective on propene's market dynamics.

The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.

Mono Propylene Glycol (MPG) Prices June 2023

Explore IMARC’s newly published report, titled “Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of mono propylene glycol (MPG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Graph and download economic data for Export Price Index (Harmonized System): Polymers of propylene or other olefins, in primary forms (DISCONTINUED) (ID3902) from Dec 2009 to Dec 2013 about primary, harmonized, exports, price index, indexes, price, and USA.

Propane rose to 0.74 USD/Gal on July 11, 2025, up 0.54% from the previous day. Over the past month, Propane's price has fallen 2.75%, and is down 8.50% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on July of 2025.