Propylene Market Estimated To Witness High Growth Owing To Increasing Demand From Industrial And Construction Sector
propylene market The propylene market is estimated to be valued at US$ 4.37 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Propylene is an organic chemical that is primarily used to produce polypropylene which finds applications in a variety of industries such as automotive, packaging, textiles, constructions, etc. Polypropylene is a versatile plastic with excellent chemical and corrosion resistance properties. It is used to make films, fibers, batteries, medical devices, pipes and fittings among other things. Propylene derivatives also have applications as adhesives and sealants in construction and industrial sectors. Market Dynamics: The growth of the propylene market is driven by increasing demand from industries such as automotive, packaging, constructions among others. growth. Polypropylene demand is surging owing to rising vehicle production and...