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.

Polypropylene fell to 7,002 CNY/T on August 19, 2025, down 0.48% from the previous day. Over the past month, Polypropylene's price has fallen 1.03%, and is down 7.21% 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.

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.

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.

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).

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.

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 (Polymer Grade) 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.

Explore the crucial role of the propylene price chart in the petrochemical industry, highlighting historical and current price trends influenced by factors like crude oil prices, supply dynamics, and geopolitical events. Understand how these charts aid stakeholders in strategic decision-making and predicting future price movements.

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.

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.

Global polypropylene (PP) prices have increased significantly in 2021, and reached ***** U.S. dollars per metric ton on March 10, 2021. This was an increase of roughly ** percent compared to prices on January 6, 2021. In February 2021, winter storm Uri hit the United States, causing an energy crisis in Texas. Chemical plants in Texas suffered power outages - including the world's largest petrochemical complex - leading to major supply chain disruptions. As a result, polypropylene prices soared.

Explore the dynamics of the propylene price index, a crucial indicator for the chemical industry, influenced by crude oil prices, demand, and geopolitical factors, and vital for strategic decision-making.

The global propylene market is experiencing robust growth, driven by the expanding demand from diverse downstream applications. While the exact market size for 2025 isn't provided, considering typical market sizes for petrochemicals and a plausible CAGR (let's assume a conservative 4% CAGR based on industry trends), we can estimate the 2025 market value to be around $80 billion USD. This substantial market is propelled by factors such as the increasing production of polypropylene (a major propylene derivative) for packaging, automotive, and construction industries. Further growth is fueled by the rising demand for propylene oxide in the production of polyether polyols, used extensively in polyurethane foams and coatings. The application segments of acrylonitrile, acrylic acid, and cumene also contribute significantly to the market's expansion, driven by their usage in various industries including textiles, adhesives, and plastics. Key players like BASF, Dow Chemical, and ExxonMobil are actively investing in capacity expansion and technological advancements to meet the escalating demand. However, the market faces certain restraints. Fluctuations in crude oil prices, a primary feedstock for propylene production, directly impact profitability. Stringent environmental regulations regarding emissions and waste disposal pose operational challenges for producers. Furthermore, the development of alternative materials and technologies could potentially influence future market growth. Despite these restraints, the positive growth trajectory of the propylene market is expected to continue, with a projected CAGR exceeding 4% from 2025 to 2033. Regional variations are anticipated, with Asia Pacific likely exhibiting the strongest growth due to its booming manufacturing sector and increasing infrastructure development. The competitive landscape is shaped by the presence of both major multinational corporations and regional players, engaging in strategic mergers and acquisitions to enhance their market position and product portfolios. This comprehensive report offers an in-depth analysis of the global propylene market, providing crucial insights into production, consumption, pricing, and future growth prospects. With a focus on key players, emerging trends, and regional variations, this report is an invaluable resource for industry stakeholders seeking to navigate the complexities of this dynamic market. High-search-volume keywords like "propylene market size," "propylene price forecast," "propylene applications," and "propylene producers" are strategically incorporated throughout.

The global ethylene and propylene market, valued at approximately $332.81 billion in 2025, is projected to experience a compound annual growth rate (CAGR) of -2.7% from 2025 to 2033. This negative CAGR suggests a period of market contraction, potentially influenced by several factors. While the overall market shrinks, specific segments may exhibit growth. The decline could be attributed to fluctuating crude oil prices, a key input cost for ethylene and propylene production. Furthermore, increasing environmental regulations regarding emissions and waste management within the petrochemical industry might contribute to the slowdown. Competition from alternative materials and technological advancements in polymer production could also play a role. Despite the negative CAGR, the market remains substantial, driven by robust demand from various downstream applications. The substantial existing infrastructure for production and distribution continues to influence the market size despite the contraction. However, strategic investments in innovative production technologies and a focus on sustainable practices will be crucial for companies to navigate the challenges and maintain market share. Regional variations are expected, with mature markets in North America and Europe possibly experiencing slower growth or even decline, while developing economies in Asia-Pacific might show more resilience, driven by increasing infrastructure development and industrialization. The segmentation within the ethylene and propylene market reveals a complex picture. Demand from key applications like HDPE, LLDPE, LDPE, and polypropylene (PP) will significantly influence overall market performance. Technological advancements in the production of these polymers and the exploration of sustainable alternatives will redefine market dynamics. The geographic distribution of production facilities and consumption patterns across regions (North America, Europe, Asia-Pacific, etc.) will continue to shape regional market shares. Companies like SINOPEC, Dow, LyondellBasell, ExxonMobil, and others will continue to compete based on production efficiency, technological innovation, and strategic partnerships across the value chain. Understanding the interplay between these factors is crucial for stakeholders to make informed decisions and manage risks effectively within this dynamic market.

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 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.