MarkNtel Advisors recently published a detailed industry analysis of the Global Propane Dehydrogenation (PDH) to Propylene Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Propane Dehydrogenation (PDH) to Propylene Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Propane Dehydrogenation (PDH) to Propylene Market size is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2024-30.

Key Findings in Global Propane Dehydrogenation (PDH) to Propylene Market:

  • Historical Analysis: 2019–2022
  • Base Year: 2023
  • Forecast Period: 2024–2030

Leading Market Players- LyondellBasell Industries Holdings B.V., INEOS Group Limited, Dow Chemical Company, Borealis AG, Formosa Plastics Corporation, Jinneng Science and Technology Co. Ltd., KBR Inc., GAIL Limited, Hyosung Chemical, Lummus Technology LLC, Ascend Performance Materials, Shanghai Huayi (Group) Company, Enterprise Products Partners L.P., Oriental Energy Co. Ltd., PJSC SIBUR Holding, and others

Key Highlights of the Report

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

What are the major Driver the Global Propane Dehydrogenation (PDH) to Propylene Market?

Increasing Demand for Propylene in the Consumer Goods Industry to Drive Market Growth – Over the past few years, the e-commerce area in nations like India, Saudi Arabia, the UAE, and many others has significantly improved due to better internet penetration & the changing customer desire for quick commerce. For instance,

  • In the year 2022, according to 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 additionally led to the release of numerous online e-commerce systems like Squarespace, Bigcommerce, etc., and the booming trend of Quick-commerce has in addition extended 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 in plastic packaging.

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, chemical industries like Mitsubishi, Saudi Polyolefin Co. (SPC), etc., in 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.

Moreover, several countries across the globe are actively implementing many initiatives to enhance and solidify their position as a hub for global e-commerce. For instance,

  • In the year 2022, Saudi Arabia’s Ministry of Commerce launched 10 new initiatives to develop e-stores in the country.

Through these initiatives across different countries, the demand for packaging solutions is further projected to increase, which would augment the size & volume of the Propane Dehydrogenation (PDH) to Propylene Market in the coming years.

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What segments define the Global Propane Dehydrogenation (PDH) to Propylene Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Technology

    • CATOFIN -  Market Size & Forecast 2019-2030, (USD Million)
    • UOP Oleflex- Market Size & Forecast 2019-2030, (USD Million)
    • Fluidized Catalytic Dehydrogenation (FCDh)- Market Size & Forecast 2019-2030, (USD Million)
    • Steam Active Reforming (STAR)- Market Size & Forecast 2019-2030, (USD Million)
    • Fluidized Bed Technology (K-Pro)- Market Size & Forecast 2019-2030, (USD Million)

According to report, Of them all, the CATOFIN technology has a long-standing track record of having the highest market share due to successful commercial operations.

By End-User

    • Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)
    • Large-scale PDH Plants (>0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)

According to report, Among them, the large-scale PDH plants have had a major market share and a solid revenue growth rate during the last few years.

Explore the Complete Global Propane Dehydrogenation (PDH) to Propylene Market Analysis Report – https://www.marknteladvisors.com/research-library/pdh-market.html

Geographical Analysis: Global Propane Dehydrogenation (PDH) to Propylene Market

 By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Global Propane Dehydrogenation (PDH) to Propylene Market Recent Development:

  • In 2023, Lummus Technology was 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.
  • In 2022, Lummus Technology, in partnership with Clariant, a specialty chemical manufacturer, announced the successful operation of the CATOFIN PDH unit in China to fulfill the requirement for on-purpose propylene.

Key Questions Addressed in This Study

  • What are the primary factors driving the growth of the Global Propane Dehydrogenation (PDH) to Propylene Market?
  • How is the Global Propane Dehydrogenation (PDH) to Propylene Market expected to evolve over the next five years?
  • What key insights can be drawn from current trends shaping the market?
  • What is the current market size, and how is it forecasted to change in the coming years?
  • What is the future outlook for the market in terms of technological innovation and geographic expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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