• Propylene is among the largest produced petrochemicals in the world and has recently seen steady growth in demand
• It is expected to grow at an average of 3.4 % p.a. over the period 2022-2030
• Asia continues to dominate propylene consumption primarily due to the growth of the automotive and packaging sectors in developing countries such as China, South Korea, India and Japan
• In North America, the US holds the largest market share, with increasing demand from end-use industries such as automotive, construction and packaging sectors, as well as rapid production of shale gas
• The development of alternatives to propylene and the increasing usage of recycled materials in certain application sectors may hamper the propylene demand in market
Source:Adrian Masaon
Visit MY BLOG https://lnkd.in/fcSeK9e
#propylene #naturalgas #petrochemicals #plastics #growth
• Asia continues to dominate propylene consumption primarily due to the growth of the automotive and packaging sectors in developing countries such as China, South Korea, India and Japan
• In North America, the US holds the largest market share, with increasing demand from end-use industries such as automotive, construction and packaging sectors, as well as rapid production of shale gas
• The development of alternatives to propylene and the increasing usage of recycled materials in certain application sectors may hamper the propylene demand in market
Source:Adrian Masaon
Visit MY BLOG https://lnkd.in/fcSeK9e
#propylene #naturalgas #petrochemicals #plastics #growth
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