"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Cracking Catalysts for Propylene Market Size, Share & Industry Analysis, By Type (CHP, CRP, CIP, MMC, Others), By Application (Steam Cracking, Fluid Catalytic Cracking) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104200 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Propylene is a colorless and flammable gas. The propylene is used as a main building block, which is produced from steam cracking, ethane & liquid feeds, and naphtha reformers. In the production process of propylene, the long-chain hydrocarbons feedstock’s (ethane, naphtha, and gas oils) are split into simpler molecules or light hydrocarbons namely ethylene and propylene, by breaking carbon-carbon bonds. This process is done in the presence of high temperature and pressure. The cracking catalysts for propylene are used to increase the rate of cracking process.


Propylene is majorly used in the production of polypropylene. The polypropylene offers good tensile strength, high surface hardness, and strong chemical resistance. These properties surge the demand for polypropylene in the various application which include packaging, construction, automobile, medical, and electrical & electronics. Furthermore, propylene is utilized for the production of acrylonitrile, methyl methacrylate, oxo-alcohols, acetone, and acrylic acid. The rising demand for these products coupled with the increasing adoption of polypropylene in various applications will fuel the demand for propylene. Thereby provide lucrative market growth to the cracking catalysts for the propylene production.


However, propylene is part of petrochemicals. Hence, fluctuation in the price of petrochemicals will directly impact the overall price of propylene. Hence, this further anticipated to restrict the growth of cracking catalysts for propylene market.


Key Market Driver -

Rising demand for propylene for the production of polypropylene to drive the market growth

Key Market Restraint -

Environmental concern associated with propylene to restrict the market growth


Market Segmentation:


Based on type, the cracking catalysts for propylene market is segmented into CHP, CRP, CIP, MMC, and others. Based on application, the market is segmented into steam cracking and fluid catalytic cracking. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players Covered:


The key players in the cracking catalysts for propylene market includes W. R. Grace & Co.-Conn., Technip Stone & Webster Process Technology Inc, Axens, Albemarle Corporation, JGC C&C, BASF SE, McDermott, CECO Environmental, MERYT, Shell, Maverick Engineering, Inc., and Gazprom Neft PJSC.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


Asia Pacific is anticipated to witness sustainable growth in the cracking catalysts for propylene market during the forecast period. The growth is attributed to the rising demand for propylene from the production of polypropylene. Further rising adoption of naphta in the feedstocks will fuel the market growth. The rising product demand in fluid catalytical cracking will fuel the market in North America. The growth in Europe is attributed to the rising demand for steam cracking in the production of propylene. The Latin America and Middle East & Africa are anticipated to witness significant growth, owing to the increasing adoption of the polypropylene in the packaging application. 


To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • CHP

  • CRP

  • CIP

  • MMC

  • Others



By Application




  • Steam Cracking

  • Fluid Catalytic Cracking



By Geography




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



  • Ongoing
  • 2022
  • 2019-2021

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

BASF
Mobil
UBS
uniliver
Samsung

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X