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 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.

Polymer Grade Propylene Market Outlook

The global polymer grade propylene market size was valued at approximately USD 104 billion in 2023 and is projected to reach USD 160 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period. This market growth is primarily driven by the increasing demand for polypropylene, which is extensively used in various applications such as packaging, automotive, and textiles due to its excellent properties like strength, flexibility, and chemical resistance.

One of the significant growth factors contributing to the expansion of the polymer grade propylene market is the burgeoning demand from the packaging industry. As consumer preferences shift towards more convenient, lightweight, and durable packaging solutions, the need for polypropylene-based products has escalated. Furthermore, the rising e-commerce sector has amplified the demand for high-quality packaging materials, further propelling the market. The automotive industry also plays a pivotal role in market growth, with polymer grade propylene being a critical component in manufacturing lightweight and fuel-efficient vehicles. This has become increasingly vital as global regulatory bodies impose stringent fuel efficiency and emission norms.

The construction sector is another dynamic contributor to the marketÂ’s growth. With rapid urbanization and infrastructure development across the globe, especially in emerging economies, the demand for construction materials like polymer grade propylene has witnessed a significant uptick. This material is extensively used in piping systems, insulation materials, and various construction components due to its robust mechanical properties and resistance to environmental stress. Additionally, advancements in polymer processing technologies have enabled the development of innovative construction materials, further boosting the market.

Furthermore, the textile industry has shown substantial interest in polymer grade propylene due to its superior properties such as high tensile strength, resilience, and resistance to chemicals. The growing trend of using high-performance textiles in sportswear, outdoor gear, and industrial applications is likely to propel the demand for propylene-based fibers. Moreover, the increasing emphasis on sustainability and recycling in textile manufacturing aligns with the properties of polymer grade propylene, which is recyclable and environmentally friendly.

In the realm of construction materials, the advent of Propene Polymer Decking has revolutionized the way we approach outdoor spaces. This innovative material offers a blend of durability and aesthetic appeal, making it a preferred choice for decks, patios, and other outdoor installations. Unlike traditional wood decking, Propene Polymer Decking is resistant to moisture, insects, and UV rays, ensuring longevity and minimal maintenance. Its lightweight nature and ease of installation further contribute to its growing popularity among builders and homeowners alike. As urbanization continues to rise, the demand for sustainable and resilient construction materials like Propene Polymer Decking is expected to increase, providing a significant boost to the polymer grade propylene market.

Regionally, Asia Pacific dominates the polymer grade propylene market, driven by the rapid industrialization and substantial investments in manufacturing sectors. Countries like China, India, and Japan are the primary contributors to the market growth in this region. North America and Europe also hold significant market shares due to the presence of established automotive and packaging industries. Latin America and the Middle East & Africa are emerging markets with growing industrial activities and infrastructure developments, offering lucrative opportunities for market expansion.

Application Analysis

The application segment of the polymer grade propylene market can be broadly categorized into packaging, automotive, construction, textiles, and others. Among these, the packaging industry holds the largest market share. This dominance is attributed to the superior qualities of polypropylene, such as its lightweight nature, durability, and resistance to moisture and chemicals, making it an ideal choice for various packaging solutions. Additionally, the shift towards sustainable packaging materials has further escalated the demand for polymer grade propylene in this sector.

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

Polypropylene fell to 7,113 CNY/T on August 1, 2025, down 0.35% from the previous day. Over the past month, Polypropylene's price has risen 0.69%, but it is still 6.56% lower than a year ago, 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.

Explore Market Research Intellect's Polymer Grade Propylene Market Report, valued at USD 70 billion in 2024, with a projected market growth to USD 98 billion by 2033, and a CAGR of 5.0% from 2026 to 2033.

Refinery Grade Propylene Market Outlook

The global refinery grade propylene market size is projected to grow from USD 50 billion in 2023 to USD 75 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5%. This growth is driven by increasing demand in various end-use industries such as automotive, packaging, and textiles. The rising application of polypropylene, a derivative of refinery grade propylene, in manufacturing lightweight, durable, and cost-effective products is a significant growth factor for this market.

One of the primary growth drivers in the refinery grade propylene market is the expanding automotive industry. Propylene derivatives like polypropylene are extensively used in the production of automotive components due to their lightweight and high-performance characteristics. The shift towards fuel-efficient and electric vehicles is further propelling the demand for propylene-based materials, which help in reducing the overall vehicle weight and enhancing fuel efficiency. Additionally, technological advancements in the production processes have led to higher yield and better quality of propylene, thereby boosting the market growth.

The packaging industry is another major catalyst for the refinery grade propylene market's expansion. The increasing consumer preference for flexible and durable packaging solutions is driving the demand for propylene derivatives like polypropylene films, which are widely used in food packaging, consumer goods, and pharmaceuticals. Moreover, the rising e-commerce activities have amplified the need for efficient packaging materials, further accelerating the market growth. The development of innovative packaging solutions that offer extended shelf life and resistance to external factors is also contributing to the increased adoption of propylene-based materials.

The textiles industry has also significantly contributed to the growing demand for refinery grade propylene. Propylene derivatives, particularly polypropylene fibers, are highly valued for their strength, resilience, and resistance to chemicals and moisture. These properties make them ideal for producing carpets, upholstery, and various types of apparel. The increasing adoption of polypropylene in the textile industry, coupled with rising consumer demand for high-performance fabrics, is expected to drive substantial growth in the refinery grade propylene market over the forecast period. Additionally, the ongoing advancements in textile manufacturing technologies are likely to enhance the quality and application scope of polypropylene fibers.

Polymer Grade Propylene, a higher purity form of propylene, is gaining traction in the market due to its suitability for more specialized applications. Unlike refinery grade propylene, which is primarily used for bulk industrial applications, polymer grade propylene is essential in the production of high-quality polypropylene and other advanced polymers. This grade of propylene is characterized by its high purity levels, typically above 99.5%, making it ideal for processes that require stringent quality standards. The increasing demand for high-performance materials in sectors such as automotive, electronics, and healthcare is driving the growth of polymer grade propylene. As industries continue to innovate and develop new applications, the demand for this high-purity propylene is expected to rise, offering lucrative opportunities for market players.

Regionally, the Asia-Pacific market is anticipated to witness the highest growth rate during the forecast period, driven by rapid industrialization and urbanization in countries like China and India. The presence of major automotive and packaging manufacturers in the region, coupled with favorable government policies, is likely to further boost the market growth. Moreover, the rising disposable incomes and changing consumer lifestyles in these emerging economies are expected to enhance the demand for propylene-based products across various industries.

Derivative Analysis

The derivative segment of the refinery grade propylene market includes various products such as polypropylene, acrylonitrile, propylene oxide, cumene, isopropanol, and others. Polypropylene, being one of the most extensively used derivatives, holds a significant share in this market. Its widespread application in automotive, packaging, textiles, and consumer goods industries is a major factor driving its demand. The superior properties of polypropylene, such as high impact res

Global Polymer Grade Propylene Market Report 2023 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2023-2029. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

The global Polymer Grade Propylene market is experiencing robust growth, driven by increasing demand from diverse downstream industries like packaging, automotive, and construction. The market size in 2025 is estimated at $25 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% during the forecast period (2025-2033). This growth is fueled by several factors, including the rising global population leading to increased consumption of plastic goods, advancements in polymer technology resulting in superior material properties, and the expanding application of polypropylene in lightweight automotive parts and sustainable packaging solutions. Key players like LyondellBasell, SABIC, and Braskem are actively investing in capacity expansions and R&D to cater to this burgeoning demand. However, fluctuating propylene prices, environmental concerns surrounding plastic waste, and the emergence of bio-based alternatives pose significant challenges to the market's continued expansion. Despite these restraints, the market is expected to reach approximately $38 billion by 2033. This projection considers the continued growth in developing economies, where demand for affordable polymer-based products is substantial. Furthermore, ongoing research into improving polypropylene's recyclability and biodegradability is anticipated to mitigate some environmental concerns, thereby ensuring sustained market growth. Regional variations in growth rates will likely exist, with Asia-Pacific potentially exhibiting the highest growth due to its large and rapidly developing consumer base. Strategic alliances, mergers, and acquisitions among major players are also expected to shape the competitive landscape during the forecast period.

High Purity Propylene Market Outlook

The global market size for high purity propylene was valued at approximately USD 30 billion in 2023 and is forecasted to reach around USD 45 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. This steady growth is driven by increasing demand across several industries such as automotive, packaging, and textiles, among others, where high purity propylene is a critical raw material. The market's expansion is further fueled by advancements in production technologies and rising investments in research and development.

One of the primary growth factors for the high purity propylene market is its extensive utilization in the production of polypropylene. Polypropylene, a versatile polymer, is used extensively in various applications, including automotive components, packaging materials, textiles, and electrical goods. The increasing consumer preference for lightweight and durable products in the automotive and packaging industries is significantly boosting the demand for high purity propylene. Moreover, advancements in polymerization technologies have enhanced the efficiency and output of polypropylene production, thereby propelling the market growth.

Another crucial factor driving the market is the growing demand for propylene oxide, which is produced using high purity propylene. Propylene oxide is a vital chemical used in manufacturing polyurethane foams, which are widely used in automotive interiors, furniture, and construction insulation. The construction industry's rapid expansion, particularly in developing regions, is leading to increased consumption of propylene oxide, thereby augmenting the demand for high purity propylene. Furthermore, the rising adoption of lightweight and energy-efficient materials in various end-user industries is also contributing to market growth.

The expanding applications of high purity propylene in the production of acrylonitrile, cumene, and acrylic acid are also catalyzing market growth. Acrylonitrile, derived from propylene, is used in the production of synthetic fibers and plastics, which are essential in the textiles and automotive industries. Similarly, cumene, another derivative, is a precursor for phenol and acetone, widely used in the chemical industry. Acrylic acid, produced from high purity propylene, is utilized in the manufacturing of superabsorbent polymers and coatings. The rising demand for these chemicals across various sectors is positively impacting the high purity propylene market.

High Purity Hydrocarbons play a crucial role in the chemical industry, serving as fundamental building blocks for a wide array of products. These hydrocarbons, characterized by their exceptional purity levels, are essential in the synthesis of high-performance materials and chemicals. The demand for high purity hydrocarbons is driven by their application in producing advanced polymers and resins, which are integral to sectors such as automotive, electronics, and healthcare. As industries continue to seek materials that offer superior performance and sustainability, the importance of high purity hydrocarbons is expected to grow, fostering innovation and development across various fields.

In terms of regional outlook, the Asia Pacific region is anticipated to dominate the high purity propylene market during the forecast period. The region's robust industrial base, coupled with expanding automotive and construction sectors, is driving the demand for high purity propylene. Additionally, increasing investments in manufacturing facilities and favorable government policies are boosting market growth in countries like China and India. North America and Europe are also significant markets due to the well-established automotive and packaging industries. The Middle East & Africa and Latin America regions are expected to witness moderate growth due to ongoing industrial developments and infrastructural projects.

Grade Analysis

The high purity propylene market by grade is segmented into polymer grade and chemical grade, each serving distinct applications across various industries. Polymer grade propylene holds a significant share of the market due to its extensive use in the production of polypropylene. Polypropylene's remarkable properties, such as high tensile strength, impact resistance, and chemical resistance, make it a preferred material in the automotive, packaging, and consumer goods sectors. The increasing demand for lightweight and durable

The global Propylene Market size is expected to reach USD 180.7 Billion in 2034 registering a CAGR of 4.2%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

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.

Global Propylene Market size worth at USD 109.78 Billion in 2023 and projected to USD 187.89 Billion by 2032, with a CAGR of 5.5% between 2024-2032.

Refrigerant Grade Propylene Market Outlook

The global refrigerant grade propylene market size was valued at approximately USD 1.1 billion in 2023 and is projected to reach around USD 2.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period. The growth of this market is primarily driven by increasing demand for environmentally friendly refrigerants, rapid industrialization, and advancements in refrigeration technology.

The primary growth factor for the refrigerant grade propylene market is the increasing focus on environmental sustainability. As traditional refrigerants like chlorofluorocarbons (CFCs) and hydrofluorocarbons (HFCs) are phased out due to their high global warming potential (GWP) and ozone depletion potential (ODP), there is a growing need for alternative refrigerants. Propylene, with its lower GWP and zero ODP, emerges as a promising candidate, thus fuelling market growth. Moreover, the regulatory framework around refrigerants is becoming stricter, pushing industries to adopt greener alternatives like propylene.

Another significant growth driver is the booming industrial sector, especially in emerging economies. Rapid industrialization and urbanization are creating a heightened demand for effective refrigeration and air conditioning systems. This is particularly noticeable in the food and beverage, pharmaceuticals, and HVAC sectors. Refrigerant grade propylene is increasingly being utilized in these applications due to its excellent thermodynamic properties and compatibility with existing refrigeration systems. The scalability and cost-effectiveness of propylene make it a preferred choice for large-scale industrial applications.

Technological advancements are also playing a pivotal role in propelling the market forward. Innovations in refrigeration technology are enabling more efficient and environmentally friendly systems that make use of refrigerant grade propylene. Research and development activities are ongoing to enhance the performance and safety of propylene-based refrigerants, making them more competitive against other alternatives. The development of advanced cooling technologies that utilize propylene promises to open new avenues for market expansion.

Propylene's role in the refrigerant industry is not just limited to its environmental benefits. Its chemical properties make it an ideal candidate for use in a variety of refrigeration systems. The molecule's structure allows for efficient heat exchange, which is crucial in maintaining the desired temperatures in cooling systems. This efficiency translates to lower energy consumption, making propylene an attractive option for industries looking to reduce their carbon footprint. Furthermore, the versatility of propylene allows it to be used in both commercial and industrial settings, providing a wide range of applications that cater to different cooling needs.

On a regional basis, the Asia Pacific region is expected to dominate the refrigerant grade propylene market during the forecast period. The regionÂ’s dominance can be attributed to the rapid industrialization and urbanization in countries such as China and India, which are major consumers of refrigeration and air conditioning systems. Moreover, the increasing disposable income and changing lifestyle patterns in these countries are driving the demand for advanced cooling solutions, thereby boosting the market. North America and Europe are also significant markets, driven by stringent environmental regulations and increasing adoption of green technologies.

Product Type Analysis

The refrigerant grade propylene market can be segmented by product type into polymer grade, chemical grade, and others. Polymer grade propylene is primarily used in the production of polypropylene, a versatile plastic used in various applications, including packaging, automotive components, and consumer goods. The demand for polymer grade propylene is driven by the growing need for high-quality plastics that can be recycled and reused, contributing to a circular economy. The increasing focus on sustainability and reducing plastic waste is expected to drive the demand for polymer grade propylene.

Chemical grade propylene, on the other hand, is used as a feedstock for the production of various chemicals, including propylene oxide, acrylonitrile, and isopropanol. These chemicals have wide-ranging applications in industries such as automotive, pharmaceutica

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.

The refinery grade propylene market is experiencing robust growth, driven by increasing demand from downstream applications like polypropylene (PP) production. While precise market size figures for the base year (2025) are unavailable, considering typical market dynamics and growth trends within the petrochemical sector, a reasonable estimate for the 2025 market size could be placed in the range of $15-20 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% – 6% based on projected growth in polypropylene demand and global economic expansion – the market is poised for significant expansion over the forecast period (2025-2033). This growth trajectory indicates a substantial increase in market value by 2033, potentially reaching $25-35 billion USD. Several key factors contribute to this positive outlook. The burgeoning global demand for plastics, particularly PP utilized in packaging, automotive components, and consumer goods, is a primary driver. Technological advancements in propylene production, along with increasing investments in refinery modernization and expansion, further propel market growth. However, potential restraints include fluctuating crude oil prices, environmental concerns surrounding plastic waste, and geopolitical instability impacting supply chains. Market segmentation will continue to be a key area of focus, with different regions showing varying growth patterns based on their economic development, infrastructure, and regulatory frameworks. Major players like LyondellBasell, SABIC, and ExxonMobil will likely maintain significant market share due to their established production capabilities and global reach.

The refinery grade propylene market is experiencing robust growth, driven by increasing demand from downstream applications like injection molding, films, fibers, and extruded products. The market's expansion is fueled by the global rise in plastic consumption across various sectors, including packaging, automotive, and construction. While the exact market size in 2025 is unavailable, considering a plausible CAGR of, for example, 5% based on industry trends and assuming a 2024 market size of approximately $15 billion (a reasonable estimate given the listed major players and their global scale), the 2025 market size could be projected at around $15.75 billion. Ethylene cracking remains the dominant production method for refinery grade propylene, although alternative processes are gradually gaining traction due to sustainability concerns and evolving feedstock availability. Geographic distribution indicates strong performance in Asia Pacific, particularly in China and India, given their large manufacturing bases and expanding populations. North America and Europe, while mature markets, also contribute significantly to the overall demand, influenced by robust chemical industries and established polymer manufacturing capacities. However, the market faces challenges such as fluctuations in crude oil prices, which directly impact propylene costs. Environmental regulations pertaining to plastic waste management and the push for more sustainable alternatives represent constraints to unchecked growth. Further, competition among major players like LyondellBasell, SABIC, and ExxonMobil keeps margins under pressure. Despite these restraints, the long-term outlook remains positive, driven by innovation in polypropylene production techniques, the increasing use of polypropylene in lightweighting applications within the automotive industry, and the continuous growth in emerging economies. The segmentation within the market indicates that Injection Products and Film applications are presently leading segments, but extruded products are expected to experience accelerated growth over the forecast period.

Global Propylene CoPolymer market size 2025 was XX Million. Propylene CoPolymer Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Global polypropylene market is estimated to be USD 99.3 billion in 2025 and expected to reach a valuation of USD 154.2 billion by 2035. The market is projected to grow at a rate of 4.5% over the forecast period between 2025 and 2035. The revenue generated by Polypropylene in 2024 was USD 95,001.2 million. The industry is predicted to exhibit a Y-o-Y growth of 4.2% in 2025.

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