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.

Why did the Propylene Price Change in July 2025? The Propylene Price Index in APAC declined by 5.1% over Q2 2025 compared with Q1. Prices settled at USD 876/MT, Propylene FOB Qingdao by the end of June.

Polypropylene fell to 6,821 CNY/T on September 22, 2025, down 0.37% from the previous day. Over the past month, Polypropylene's price has fallen 2.82%, and is down 7.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polypropylene.

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).

Why did the Propylene Glycol Price Change in July 2025? The Price Index for Propylene Glycol Pharma Grade stood at USD 1484/MT in April 2025, reflecting a sharp decline due to weak international demand and elevated inventories.

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

Explore IMARC’s newly published report, titled “Propylene Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of propylene oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

Why did the Propylene Oxide Price Change in July 2025? The Propylene Oxide (PO) Price Index in the U.S. trended consistently lower in Q2 2025, with only a brief rise in early April on tightening inventories, followed by steady declines through May and June as weak demand and surplus supply drove bearish sentiment.

Explore the complex dynamics influencing propylene prices as of October 2023, from crude oil fluctuations and economic trends to environmental policies and recycling technologies. Understand the impact of weather events and trade policies on this critical chemical feedstock used across various industries.

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).

Why did the Polypropylene (PP) Price Change in July 2025? The Polypropylene (PP) spot price decreased by approximately 10.9% quarter-over-quarter in Q2 2025, reflected in a declining Price Index.

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 comprehensive insights into the Polypropylene market, with a focused analysis of the Polypropylene price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

Explore the complex factors influencing propylene prices in the petrochemical industry, including supply and demand dynamics, crude oil fluctuations, and emerging market demands. Learn about the impact of geopolitical tensions, technological advancements, and sustainable practices on cost stability and market opportunities.

In 2023, the global average price of polypropylene (PP) was *** U.S. dollars per ton – a decrease of *** U.S. dollars, compared with the previous years. The global polypropylene market The global polypropylene market was valued at ****** billion U.S. dollars in 2022. The global PP market is projected to continue growing over the next decade, registering a CAGR of *** percent during the forecast period of 2023 to 2030 to reach a value of ****** billion U.S. dollars. This will see the polypropylene market volume rise to over 100 million metric tons by 2030. Polypropylene end-uses Polypropylene is one of the most commonly used thermoplastics due to its elasticity and durability and is used across a wide range of end-uses including electronics, transportation, and construction. However, the major end-user of polypropylene is the plastic packaging industry.

Explore the dynamic pricing of propylene, a key petrochemical industry raw material, influenced by crude oil prices, industrial demand, and geopolitical factors. Stay informed with insights on market trends and environmental impacts affecting propylene's market value.

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).

Why did the Propylene Carbonate Price Change in July 2025? The Propylene Carbonate Price Index in China declined by 4.3% quarter-on-quarter, settling at approximately USD 935/tonne FOB Qingdao by the end of June.

The propylene market report describes the propylene market was 120000 kilotons in 2023 and is projected to reach around 150000 Kiloton in the coming years.