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.

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.

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.

Polypropylene fell to 7,066 CNY/T on July 11, 2025, down 0.42% from the previous day. Over the past month, Polypropylene's price has risen 0.57%, but it is still 8.28% 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.

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).

The North American polypropylene (PP) market exhibited predominantly bullish conditions during Q1 2025, with prices increasing by approximately 9%. This was driven by production disruptions, force majeures, and adverse weather conditions. In January, production rates remained below 80% due to the shutdown of LyondellBasell's Houston refinery, contributing to tight supply. Spot prices rose 5.5 cents/lb. as panic buying ensued following announced price hikes of USD 66/MT by major producers.

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 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.

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.

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).

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.

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.

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 polypropylene (PP) prices have increased significantly in 2021, and reached 2,734 U.S. dollars per metric ton on March 10, 2021. This was an increase of roughly 80 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.

This statistic shows the price of polypropylene in the United States from 2005 to 2014, with forecasted figures for 2015 to 2020. In 2014 the U.S. price of polypropylene was 389 U.S. dollars per ton, and it is estimated to increase to 526 U.S. dollars per ton in 2020.

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.

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 Indian propylene glycol market expanded sharply to $1.5B in 2024, picking up by 6.6% against the previous year. In general, consumption posted strong growth. Propylene glycol consumption peaked in 2024 and is expected to retain growth in the immediate term.

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.