Overview of Global Propane Dehydrogenation (PDH) to Propylene Market Size, Share, and Growth Forecast for 2023-28
The report aims to provide a comprehensive perspective on the Global Propane Dehydrogenation (PDH) to Propylene Market : Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. It offers an industry overview, including an analysis of historical and future market growth. Key parameters such as revenue, demand, and applicable supply data are highlighted. The study offers regional estimates, forecasts, and trend analyses for various countries.
Report’s Study Period:
- Historical period: 2018 – 2021
- Base Year: 2022
- Forecasting period: 2023 – 2028
Insights and Analysis of the Global Propane Dehydrogenation (PDH) to Propylene Market for the Period 2023-2028:
The Global Propane Dehydrogenation (PDH) to Propylene Market is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2023-28. The factor attributing to the growth of the PDH to propylene technology is the rising demand for on-purpose propylene. Conventionally, propylene was synthesized as the by-product of petroleum refining and ethylene production processes such as steam cracking, Fluid Catalytic Cracking (FCC), etc.
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Global Propane Dehydrogenation (PDH) to Propylene Market Dynamic:
Industry Driving Factor:
Increasing Demand for Propylene in Consumer Goods Industries Enhances the Market Growth – Over the past few years, the e-commerce sector in the countries like India, Saudi Arabia, the UAE, etc., has significantly increased due to higher internet penetration & the changing consumer preference towards quick commerce. For instance,
- In 2022, as per Dubai CommerCity, investments in infrastructure to boost e-commerce growth, such as internet connectivity, data centers, and logistics, have led to a remarkable 33% increase in e-commerce sales from 2019 to 2022.
The rising inclination of consumers has also led to the launch of several online e-commerce platforms like Squarespace, Bigcommerce, etc., and the booming trend of Quick-commerce has further accelerated the demand for plastic-based packaging. In addition, these plastic-based packaging products are generally inexpensive, readily available, and protect the products from breaking and leakage. Therefore, quick commerce companies have been offering their products with plastic packaging.
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This intensifying requirement for plastic-based packaging has augmented the demand for propylene & its derived products since they are needed in plastic manufacturing. As a result, the chemical industries like Mitsubishi, Saudi Polyolefin Co. (SPC), etc., in the countries such as China, India, etc., have been increasingly producing on-purpose propylene by opting for PDH Technology, thus, driving the Global Propane Dehydrogenation (PDH) to Propylene Market.
Segmentation Analysis of the Propane Dehydrogenation (PDH) to Propylene Market for the Period 2023-2028:
Our team of analysts has carefully studied the market using various methods and calculations to create a detailed analysis. We’ve broken down the market into different sections and thoroughly examined each one. This in-depth exploration has helped us identify the standout performing segment in each section by closely examining various aspects of the market.
We have delved into the factors and trends driving increased activity in these specific segments. Additionally, we have identified the main market participants who are actively involved in these segments, giving us a complete understanding of their unique characteristics. Our study also includes a comprehensive view of the market’s structural expansion, offering a clear framework to understand how it has evolved.
- By Technology
- CATOFIN
- UOP Oleflex
- Fluidized Catalytic Dehydrogenation (FCDh)
- Steam Active Reforming (STAR)
- Fluidized Bed Technology (K-Pro)
- By End Users
- Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)
- Large scale PDH Plants (>0.6 metric tons per year)
- By Region
- North America
- Europe
- The Middle East & Africa
- Asia-Pacific
Leading Market Position in The Propane Dehydrogenation (PDH) to Propylene Market
In analysing the Propane Dehydrogenation (PDH) to Propylene Market, we conduct a thorough competitive benchmarking assessment involving key firms such as
- LyondellBasell Industries Holdings B.V.
- Honeywell International Inc.
- Dow Chemical Company
- KBR Inc.
- Lummus Technology LLC
- ExxonMobil
- CB&I
- Thyssenkrupp Industrial Solutions
- Others
This evaluation entails a detailed review of each company’s product value, capabilities, and notable attributes. Moreover, our study encompasses recent mergers, acquisitions, and product launches by these firms, aiming to offer stakeholders valuable insights into the prevailing market dynamics.
Propane Dehydrogenation (PDH) to Propylene Market Recent Development:
- In 2023, Lummus Technology has been selected by Alujain National Industrial Co, based in Saudi Arabia, to provide C3 CATOFIN propane dehydrogenation (PDH) technology for their new propylene plant in Yanbu, Saudi Arabia.
The Propane Dehydrogenation (PDH) to Propylene Market Research Report for 2023-28 addresses several key questions:
- How will the growth rate of the Propane Dehydrogenation (PDH) to Propylene market progress during the projected period?
- What market factors will serve as the foundation for shaping client and business strategies?
- Which factors are currently exerting influence, including increased demand and ongoing market advancements?
- Among the studied market segments, which one’s present promising avenues for extended growth opportunities?
- Which company currently holds the leading market position?
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