#Propane Dehydrogenation to Propylene Report

[mohitbisresearch]

Propylene is a colorless, flammable, gaseous hydrocarbon obtained from petroleum, and large quantities of propylene are used in the manufacturing of resins, fibers, and elastomers. Propane dehydrogenation (PDH) technology is used to produce high-purity polymer-grade propylene from a propane-rich stream. The process comprises two steps, i.e., dehydrogenating the hydrocarbon feed and removal of the hydrogen that is being formed by a specific dehydrogenation reaction.

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The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

[123567-9qaaq9]

Detailed Report on Indoor Distributed Antenna System Market | BIS Research 

An Indoor Distributed Antenna System (iDAS) is a network of spatially separated antennas installed throughout a building to enhance wireless coverage and ensure strong signal strength.

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Indoor Distributed Antenna System  Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

The Indoor Distributed Antenna System Market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Indoor Distributed Antenna System Overview  

Indoor Distributed Antenna System , also known as propane dehydrogenation (PDH), is a key industrial process used to convert propane (C₃H₈) into propylene (C₃H₆), an essential building block in the petrochemical industry. Propylene is a vital raw material in the production of polypropylene plastics, acrylonitrile, propylene oxide, and other chemicals.

Several Main Components included are as follows 

Signal Source 

Head End Unit 

Distribution System 

Remote Antennas 

Indoor Distributed Antenna System Working  

Signal Reception - The iDAS first receives an outdoor signal from a cell tower or other signal source, such as a base station.

Signal Processing- The signal is sent to a central control hub or head-end unit where it is amplified and optimized.

Signal Distribution- Once processed, the signal is transmitted over a network of cables to remote antennas strategically placed throughout the building.

Signal Radiation- The distributed antennas rebroadcast the signal, creating a uniform coverage area inside the building, ensuring strong wireless reception.

Benefits for Indoor Distributed Antenna System Market 

Enhanced Coverage - One of the primary benefits of iDAS is improved coverage in indoor environments, especially in areas that are notoriously difficult for wireless signals to penetrate, like basements, underground parking lots, and dense urban structures.

Capacity Optimization - iDAS systems also help balance the load on the network by distributing signals more evenly across antennas. 

Multi Carrier Support - iDAS can support multiple wireless carriers simultaneously, making it ideal for venues where different users rely on various service provider

Scalability - iDAS systems can be scaled to meet the needs of the building or facility. As more space or users require connectivity, the system can be expanded with additional antennas or amplifiers.

Improved Data Speed and Call Quality - By providing a stronger and more reliable signal, iDAS enhances data speeds, reduces latency, and improves the quality of voice calls indoors. 

Energy Efficiency- iDAS reduces the energy consumption of mobile devices because they don’t need to work as hard to maintain a strong signal.

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Market Segmentation 

1 By Application Type 

2 By Solution Type 

3 By Distributed System Type 

4 By Business Model 

5 By User Facility 

6 By Signal Source 

7 By Region 

Demand - Drivers and Limitations

Following are the demand drivers for the indoor DAS market:

•    Increasing Mobile Data Traffic •    Growing Need for Enhanced Cellular Capacity in Public Venues •    Increasing Need for Improved Coverage in Buildings •    Growing Demand for Enterprise Mobility

Following are the limitations for the indoor DAS market:

•    Design and Deployment of Indoor Distributed Antenna Systems •    Complexities Associated with Upgradation of Existing DAS Deployments

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Key Companies 

CommScope Inc.

Comba Telecom Systems Holdings Limited

Corning Incorporated

Zinwave

and many others 

Recent Developments in the Indoor DAS Market

• In November 2021, JMA Wireless and Kyocera Corporation announced an agreement to jointly develop a 5G millimeter-wave backhaul system. • In August 2021, SOLiD was selected by BAI Communications to provide DAS solutions in the London Underground. • In July 2021, Comba Telecom Systems Holdings Limited successfully deployed its ComFlex Pro solution for helping 3 Hong Kong, a mobile network operator, with the expansion and deepening of its 5G indoor network coverage. • In October 2020, Comba Telecom Systems Holdings Limited started various open-radio access network (O-RAN) technology validation and trials with leading operators across the regions of Europe, Asia-Pacific (APAC), Middle East and North Africa (MENA), Australia, and more.

Visit our Next Generation Fuel/ Energy Storage Solutions 

Conclusion

Indoor Distributed Antenna Systems (iDAS) play a vital role in ensuring robust and reliable wireless communication in indoor environments where traditional signals often falter. From office buildings and hospitals to public venues and educational institutions, iDAS enhances connectivity, improves network performance, and supports a seamless user experience, making it an indispensable solution in today's hyper-connected world. 

[materialsscienceandengineering]

New, highly efficient catalyst for propylene production

Researchers have developed an innovative catalyst for the synthesis of propylene, which has potential benefits for the chemical industry and carbon recycling. Their findings were reported in the journal Nature Catalysis.

Propylene is a colorless, flammable hydrocarbon gas that is an important raw material for the production of a variety of petrochemicals. Due to increasing demand and limited global supply, there is a strong need to develop new, efficient technologies for its production.

One promising technique for producing propylene is a chemical reaction, called oxidative dehydrogenation, that uses CO2 to convert propane gas into propylene by removing hydrogen. However, existing catalysts used to speed up this chemical reaction aren't very efficient.

"The challenge is to develop a catalyst that will activate both reactants—propane and CO2—without unwanted side reactions. It also needs to be stable and reusable in the long term," explains Hokkaido University molecular engineer, Shinya Furukawa.

Read more.

[zhongfeitongrenewableresources]

Chemical company INEOS will announce the location of its $3 billion production soon!

In July last year, chemical giant INEOS announced that it would spend $3 billion to build a world-class ethane cracker and propane dehydrogenation unit in northwestern Europe.   

In July 2018, chemical giant Ineos announced that it would spend 2.7 billion euros ($3 billion) to build a world-class ethane cracker and propane dehydrogenation (PDH) plant in northwestern Europe. Recently, a spokesperson for the company told Plastics News that the company will announce the location of the new production base soon in the future.   

According to a report by the Belgian financial daily newspaper De Tijd on January 5th, Antwerp has made breakthroughs with INEOS on matters related to the project.   

The planned new production base includes a cracker with an annual capacity of 1 million tons and a propane dehydrogenation unit capable of producing 750,000 tons of propylene per year.

[rohit890]

Propylene Market Competitive Analysis, Upcoming Demand And Growth Forecast 2019 To 2027

Market OverviewPropylene belongs to the alkene class with three double bonded carbon atoms. It is the second highest used petrochemical after ethylene. Propylene or Propene is a byproduct of oil refining and natural gas processing. During oil refining, ethylene, propene, and other compounds are produced as a result of cracking larger hydrocarbons. A major source of propylene is naphtha cracking, which is intended to produce ethylene and results from refinery cracking producing other products. Propane dehydrogenation converts propane into propylene with byproduct hydrogen. Fluid Catalytic Cracking splitters and On-Purpose Technology (OPT) are most widely used propylene production technologies worldwide. Its end-uses include films, fibers, containers, packaging, and caps and closures. Propylene is considered as an important building block for various chemicals such as polypropylene, propylene oxide, acrylonitrile, cumene, oxoalcohols, isopropylalcohol, acrylic acid, acrylated, isobutyl benzene, and EPDM rubbers. These derivatives of propylene are used in various end-use industries such as automotive, construction, textiles, and packaging.Request Copy Of This Business Report:https://www.coherentmarketinsights.com/market-insight/propylene-market-1997Market DynamicsPolypropylene segment accounted for highest revenue share in the propylene market in 2016, and the segment is projected to retain its position over the forecast period due to high demand for polypropylene and its alloys in automotive industry. In packaging, polypropylene has a variety of application such as bottles, food packaging, and biaxially oriented polypropylene. Therefore, packaging segment is the major segment in end-use Industry.Asia Pacific dominated the market in 2016, and the region is projected to be the fastest growing in the global propylene market over the forecast period. The growth of Asia Pacific propylene market is attributed to increasing demand from end-use industries along with strategic investment by market players such as IRPC Plc., Fujian Meide Petrochemical in the region to tap potential market in China, India, and South Korea. For instance, in December 2016, Thai IRPC announced to expand its local production capacity of propylene by 63% to boost its long-term earnings growth.Detailed Segmentation: Global Propylene Market, By Derivative: PolypropylenePropylene oxideCumeneAcrylonitrileAlcohols (Oxo-alcohols, Isopropyl alcohol)Acrylic acid & AcrylatesOthers (Isobutyl benzene, EPDM rubbers) Global Propylene Market, By End-use Industry: AutomotiveConstructionTextilesPackaging Others (Solvents, Pharmaceuticals) The major players operating in the global propylene market include China Petroleum & Chemical Corporation, BASF SE, ExxonMobil Corporation, The DOW Chemical Company, LyondellBasell Industries N.V., SABIC, BP Plc., and IRPC Plc.About Coherent Market Insights:- Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.Contact Us:Name: Mr. ShahPhone: US +12067016702 / UK +4402081334027Email: sales@coherentmarketinsights.comVisit Our Blogs:https://blog.coherentmarketinsights.com

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Science and Chemistry Classes

New, highly efficient catalyst for propylene production

Researchers have developed an innovative catalyst for the synthesis of propylene, which has potential benefits for the chemical industry and carbon recycling. Their findings were reported in the journal Nature Catalysis.

Propylene is a colorless, flammable hydrocarbon gas that is an important raw material for the production of a variety of petrochemicals. Due to increasing demand and limited global supply, there is a strong need to develop new, efficient technologies for its production.

One promising technique for producing propylene is a chemical reaction, called oxidative dehydrogenation, that uses CO2 to convert propane gas into propylene by removing hydrogen. However, existing catalysts used to speed up this chemical reaction aren't very efficient.

The platinum-cobalt-indium catalyst in powder form; (Right) an electron micrograph of the catalyst (structure in top inset) on cerium oxide (CeO2, structure in bottom inset) support (Shinya Furukawa).

"The challenge is to develop a catalyst that will activate both reactants—propane and CO2—without unwanted side reactions. It also needs to be stable and reusable in the long term," explains Hokkaido University molecular engineer, Shinya Furukawa.

To achieve this, Furukawa and his colleagues developed a catalyst made from three different metals (platinum, cobalt and indium), each chosen for its specific properties. Platinum was selected as the main active metal because of its ability to break chemical bonds between carbon and hydrogen, enabling the dehydrogenation reaction. Cobalt accelerates CO2 capture and activation, while indium enhances the catalyst's selectivity. The metals were fixed to a support made from cerium oxide, a compound commonly used in car catalytic converters.

The researchers tested the catalyst's activity at 550°C and compared the results with existing catalysts. They also performed a mechanistic study to understand the functions of the different components and found the catalyst links the propylene-forming reaction to the deoxygenation of CO2, and ensures the catalytic activity is specific to propane; water and carbon oxides are formed as byproducts. Further, they found that the catalyst increased the reaction rate approximately five fold compared to the typical values reported from other systems. The reaction produced a higher ratio of propylene and utilized more CO2 at 550°C compared to previous catalysts. The catalyst also showed good long-term stability and reusability.

Mechanism of the catalytic action. Platinum converts propane (C3H8) to form propylene (C3H6), while cobalt captures and activates CO2. When mixed together with indium and fixed on a cerium oxide support (CeO), the formation of propylene is linked to the deoxygenation of CO2, and is specific to propane. Water (H2O) and carbon oxides (COx) are formed as byproducts (Shinya Furukawa).

"To date, no other catalyst has been shown to simultaneously exhibit a high catalytic activity, selectivity, stability, and CO2 utilization efficiency. Our multifunctional material meets all these requirements," says Furukawa.

This study provides new insights into the design of highly efficient catalysts for petrochemical production, and has potential benefits for carbon recycling and greenhouse gas reduction.

- Hokkaido University

-Shiv Prakash

[georgecmatthews]

SteelPath July MLP updates and news

June MLP performance seemed to reflect a reversal of sentiment as COVID-19 cases returned in certain regions. That likely influenced the near-term trajectory of what appeared to be improving energy consumption. Despite a softer market, some midstream companies advanced new projects and completed corporate simplification transactions.

MLP market overview

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended June down 7.9% on a price and total return basis. The AMZ results underperformed the S&P 500 Index’s 2.0% total return for the month. The best performing midstream subsector for June was the Compression group, while the Diversified subsector underperformed, on average.

For the year through June, the AMZ is down 39.0% on a price basis, resulting in a 35.7% loss once distributions were considered. This trails the S&P 500 Index’s 4.1% and 3.1% price and total return losses, respectively. The Propane group has produced the best average total return year-to-date, while the Gathering and Processing subsector has lagged.

MLP yield spreads, as measured by the AMZ yield relative to the 10-Year U.S. Treasury Bond, widened by 108 basis points (bps) over the month, exiting the period at 1,122 bps. This compares to the trailing five-year average spread of 630 bps and the average spread since 2000 of approximately 402 bps. The AMZ indicated distribution yield at month-end was 11.9%.

Midstream MLPs and affiliates raised $800 millionin new marketed equity (common or preferred, excluding at-the-market programs) and $2.9 billion in debt during the month. No new asset acquisitions were announced during June.

Spot West Texas Intermediate (WTI) crude oil exited the month at $39.27 per barrel, up 10.7% over the period and 32.8% lower year-over-year. Spot natural gas prices ended June at $1.64 per million British thermal units (MMbtu), down 3.5% over the month and 32.2% lower than June 2019. Natural gas liquids (NGL) pricing at Mont Belvieu exited the month at $17.05 per barrel, 0.1% lower than the end of May and 12.4% lower than the year-ago period.

News

EPD inks supply agreement for PDH 2. Enterprise Products Partners (NYSE: EPD) announced the execution of a long-term agreement to supply propylene to Marubeni Corp from EPD’s second propane dehydrogenation plant (PDH). The plant is currently under construction and expected to be put into service in 2023. EPD also announced stronger than expected operating results from its ethylene export terminal at Morgan’s Point, Texas while advancing its expansion via ongoing construction of storage and additional supply connections.

Line 5 temporarily shut. A Michigan Circuit Court granted Michigan Attorney General Dana Nessel’s motion for a temporary restraining order requiring Enbridge (NYSE: ENB) to cease all transport operations of its Line 5 and disclose additional information following the discovery of damage to an anchor support.

ETRN closes acquisition of EQM. Equitrans Midstream Corporation (NYSE: ETRN) closed the acquisition of EQM Midstream Partners (NYSE: EQM); the final meaningful step in the companies’ simplification process.

Chart of the month: Associated gas, once a drag, may now begin to help natural gas prices

Pricing for natural gas has been challenged for many years as supply growth has exceeded demand growth. Unbeknownst to some, the robust supply of natural gas is the direct result of increased oil production. Most oil wells also produce some natural gas, and production of this “associated gas” has been rising substantially alongside the growth of crude oil produced from shale. However, the sharp decline in the rig count of primary crude oil shale plays in recent months has likely changed the trajectory of associated gas production and may benefit natural gas pricing, and production from dry gas basins, in the years ahead. The situation is similar for natural gas liquids.

Figure 1: Drilling activity and production of natural gas from key US oil basins

Sources: Energy Information Administration, Drilling Productivity Report (June 15, 2020), Baker Hughes North American Rig Count (June 26, 2020), and Invesco SteelPath calculations

Important Information

Blog Header Image : Matthias Kulka / Getty

Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask a financial professional for a prospectus/summary prospectus or visit invesco.com.

The opinions referenced above are those of the author as of July 1, 2020. These comments should not be construed as recommendations, but as an illustration of broader themes. Forward-looking statements are not guarantees of future results. They involve risks, uncertainties and assumptions; there can be no assurance that actual results will not differ materially from expectations.

Energy infrastructure MLPs are subject to a variety of industry specific risk factors that may adversely affect their business or operations, including those due to commodity production, volumes, commodity prices, weather conditions, terrorist attacks, etc. They are also subject to significant federal, state and local government regulation.

The mention of specific companies, industries, sectors, or issuers does not constitute a recommendation by Invesco Distributors, Inc.

The S&P 500 Index is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.

The Alerian MLP Index is a float-adjusted, capitalization-weighted index measuring master limited partnerships, whose constituents represent approximately 85% of total float-adjusted market capitalization. Indices are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. Past performance does not guarantee future results.

A yield spread is the difference between yields on differing debt instruments of varying maturities, credit ratings, issuer, or risk level, calculated by deducting the yield of one instrument from the other. 

Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. Energy infrastructure companies are subject to risks specific to the industry such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations which may result in erratic price movement or difficulty in buying or selling. Additional management fees and other expenses are associated with investing in MLP funds. Diversification does not guarantee profit or protect against loss.

The opinions expressed are those of Invesco SteelPath, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals.

from Expert Investment Views: Invesco Blog https://www.blog.invesco.us.com/steelpath-july-mlp-updates-and-news/?utm_source=rss&utm_medium=rss&utm_campaign=steelpath-july-mlp-updates-and-news

[globalmarketresearchreport-blog]

Ethylene Dimerization Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Ethylene dimerization is a chemical reaction in which two ethylene molecules combine to form butene molecules. Ethylene is a hydrocarbon gas with formula C2H2 and is produced by steam cracking of naptha in petrochemical industry. Different catalysts such as titanium, nickel, and zirconium are used in ethylene dimerization to obtain butene-1, butane-2 or both as reaction products. These butene molecules are further processed to produce number of derivatives such as polyethylene, propylene, and butylene oxide.

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Market Dynamics:

Ethylene dimerization is a simple and low investment technology used to produce propylene. Therefore, increasing demand for propylene is major factor propelling growth of the global ethylene dimerization market. For instance, According to Chemicals and Petrochemicals Manufacturer’s Association of India, global demand for propylene was 102 million metric tons in 2016.

Propylene is majorly used in production of polypropylene. Demand for polypropylene is high from Asia Pacific region. According to Chemicals and Petrochemicals Manufacturer’s Association of India, Asia Pacific is expected to account for 64% of global polypropylene demand by 2025. This in turn is expected to increase demand for propylene, thereby boosting growth of the ethylene dimerization market in Asia Pacific.

However, development in other propylene production technologies such as propane dehydrogenation and methanol to propylene technology is expected to hamper the market growth.

Market Outlook:

Major reaction product of ethylene dimerization is butene-1, which is predominately used for the production of polyethylene (LLDPE and HDPE). Increasing demand for polyethylene can be attributed to high demand for plastic. According to plastics and composites sector report (2015) of Academy of Sciences Malaysia, worldwide plastic demand is expected to reach 600 million tons by 2050.

Therefore, high demand for plastic and polyethylene is expected to boost production of butene, thereby propelling growth of the ethylene dimerization market.

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Key players operating in the global ethylene dimerization market include,

Lyondellbasell, Axens, SABIC, McDermott International, Inc., ExxonMobil, and Phillips

Market Taxonomy:

On the basis of end products, the global ethylene dimerization market is segmented into:

Propylene

LLDPEKey players operating in the global ethylene dimerization market include,

Lyondellbasell, Axens, SABIC, McDermott International, Inc., ExxonMobil, and Phillips

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Propane Market Research, Size, Share, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2023

Market Research Future has published a half-cooked research report on the Global Propane Market - Forecast to 2023

Propane is a gas used in natural gas processing used primarily for the production of fuel and polymer grade propylene. It is widely accepted as a fuel in industrial and commercial applications mostly in cooking, transportation, agriculture, and other industries. The Global Propane Market Report by Market Research Future (MRFR) outlines drivers, opportunities, factors, and restraints in a comprehensive manner.

Competitive Analysis:

Major industry participants in the Global Propane Market include Exxon Mobil Corporation, Ferrellgas, ConocoPhillips Company, Eni SpA, Anadarko Petroleum Corporation, Royal Dutch Shell plc, Canadian Natural, Equinor ASA, Chesapeake, and Chevron Corporation.

Market Outlook:

MRFR states the Global Propane Market to exhibit 4.50% CAGR from 2018 to 2023 (forecast period) to touch a size of USD 7,149.90 million. The market demand is touted to reach 9.5 billion gallons by 2023. This can be duly attributed to the need for a clean fuel source for cooking in the residential sector. Revival of infrastructural projects in developed economies combined with investments in developing economies is a positive indicator of the massive market potential.

The use of Propane-based additives during winter is a vast opportunity which can be capitalized on by manufacturers. Stringent rules pertaining to automotive fuels as well as adherence to new emission standards can drive the Global Propane Market demand during the forecast period. Expansion moves in the form of Propane dehydrogenation plants can work favorably for the market. This is exemplified by the setup of a Propane dehydrogenation plant by Borealis AG in Belgium with an annual capacity of 750,000 metric tons. Furthermore, portable Propane heaters by construction workers for keeping warm during cold weather can drive the Global Propane Market.

The decline in crude oil production can pose a challenge to the market.

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Segmentation Analysis:

The Global Propane Market is segmented by End-Use Industry.

By End-Use Industry, it is segmented into automotive & transportation, agriculture, industrial machinery, commercial construction, residential construction, process industry, and others.

The Process Segment accounted for the largest revenue share in 2017 due to the demand for propane in polypropylene production. The construction segment, on the other hand, can command a respectable share of the propane market due to demand for cooking fuel for heating and cooking. Rise in commercial construction in developing economies can propel the segment growth share in the market in the coming years.

Regional Analysis:

Latin America, Asia Pacific (APAC), North America, Europe, and the Middle East & Africa (MEA) are regions taken into view for the Global Propane Market Report.

The APAC region is estimated to experience a remarkable CAGR during the forecast period due to investments in infrastructural development and an uptick in demand from the polymer industry. Rising urbanization and industrialization in the region can facilitate market growth. Conversion of oil furnaces to Propane is a window of growth for the market in the forthcoming years. Moreover, LPG connections for cooking purposes made readily available under government schemes can boost the regional propane market growth. China, Japan, and India are regions which can contribute greatly due to being importers to the U.S.

The North America propane market is built on exports to Europe and Asia Pacific. High demand for liquefied petroleum gas (LPG) in the U.S. is touted to drive regional market growth. Preference of clean fuels with regards to stringent emission policies has led to various states in the U.S. switching to propane-fueled buses. Recently, the state of Montana has joined schools across other states for the procurement of propane-run buses which reduce overhead expenses by a higher margin. This can augur well for the Global Propane Market Growth. The purchase of propane-fueled fleets by the logistics sector is another indicator of the positive growth expected of the market.

Massive demand for polypropylene in various end-use industries of healthcare, energy, consumer goods, automotive, food packaging, and others in the European region can induce the demand for propane. Imports of Propane from the Middle East and the U.S. can ensure the constant supply of the chemical.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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[mpatni-blog]

Polypropylene Market in Financial Industry Market Report Outlook by Regional Analysis Forecast to 2023

Polypropylene Market Overview:

Polypropylene is a thermoplastic material which is used for manufacturing fibers or molded materials. It offers good mechanical and chemical resistance along with translucent features. Excellent stiffness, flexibility and lightweight properties are the important trends and factors promoting the market confidently. Owing to these factors, they are used in various applications such as agriculture, automotive, construction, packaging, electrical & electronics, and others.

Polypropylene Market Key Players:

·         The Dow Chemical Company (U.S.)

·         LyondellBasell (U.S.)

·         Exxon Mobil Corporation (U.S.)

·         SABIC (Saudi Arabia)

·         INEOS (Switzerland.)

·         LANXESS (Germany)

·         Chevron Phillips Chemical Company (U.S.)

·         Eni S.p.A. (Italy)

·         BASF SE (Germany)

·         LG Chem (South Korea)

among others are some of the prominent players at the forefront of competition in the global Polypropylene Market and are profiled in MRFR Analysis.

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Industry/ Innovation/ Related News:

1st January 2018 - The Canadian hydrocarbon pipeline and processing firm has accepted a US$ 2.7 billion propylene and propane dehydrogenation plant with a production capacity of 525000 metric tons of polypropylene per year in Alberta, Canada. This plant is expected to be the most cost-effective plant in the region. This plant is expected to further boost the market of polypropylene in North America.

Polypropylene Market Segmentation:

Polypropylene is segmented into application. On the basis of application, the market is further categorized into agriculture, automotive, construction, packaging, electrical & electronics. Among these, automotive segment holds a major share in the market owing to growing use of plastic materials to produce high performance and efficient vehicles. The investors in the agriculture industry are encouraging the manufacturers to use lightweight materials in increasing the quality and the production of food in the agriculture segment.

Moreover, the packaging segment is estimated to witness a rapid growth in the market due to advantages offered by the product such as flexibility, less storage space and ability to survive in extreme conditions. The electrical & electronics segment is set to grow at a higher CAGR due to boundless consumption of plastics in mobile phones, tablets, computers, and others. Moreover, the increasing substitution of heavy metals by lightweight materials in automotive and electrical & electronics segments are projected to drive the market during the forecast period.

Polypropylene Market Regional Analysis:

Asia pacific is expected to be the fastest growing region during the forecast years. The increasing Globalization and urbanization in the developing economies of the region has propelled the construction of residential and commercial infrastructure which is a dominant factor for the demand for paint and coatings in the region. Moreover, increasing population in India and China has brought about more government spending in infrastructural developments coupled with the growing automobile industry in the region is also expected to drive the market of polypropylene positively during the forecast years. Furthermore, the presence of agrarian economies such as India and China have further boosted the demand for polypropylene in the agricultural sector, which is also positively affecting the market growth.

Polypropylene Market Table of Content to be Continue...….,

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Propylene Market - Size, Share, trends and Forecast to 2025

Propylene belongs to the alkene class with three double bonded carbon atoms. It is the second highest used petrochemical after ethylene. Propylene or Propene is a byproduct of oil refining and natural gas processing. During oil refining, ethylene, propene, and other compounds are produced as a result of cracking larger hydrocarbons. A major source of propylene is naphtha cracking, which is intended to produce ethylene and results from refinery cracking producing other products. Propane dehydrogenation converts propane into propylene with byproduct hydrogen. Fluid Catalytic Cracking splitters and On-Purpose Technology (OPT) are most widely used propylene production technologies worldwide. Its end-uses include films, fibers, containers, packaging, and caps and closures. Propylene is considered as an important building block for various chemicals such as polypropylene, propylene oxide, acrylonitrile, cumene, oxoalcohols, isopropylalcohol, acrylic acid, acrylated, isobutyl benzene, and EPDM rubbers. These derivatives of propylene are used in various end-use industries such as automotive, construction, textiles, and packaging.

Growth of the propylene market is fueled by increasing demand for its derivatives especially by polypropylene. Moreover, increasing demand from various industries such as automotive and packaging has further propelled the global propylene market growth. Propylene oxide is used for mattresses, insulators, carpets, car seats, and construction chemicals.

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According to Coherent Market Insights analysis, global propylene market was pegged at 100 million metric tons in 2016 and is expected to grow at a CAGR of 3.9% during the forecast period. Increasing demand for derivatives, especially polypropylene and propylene oxide is expected to drive market growth. Polypropylene and its alloys are extensively used in automotive industry. Another derivative acrylonitrile is used in a variety of elastomeric fibers and polymers. It is used for acrylic fibers in clothes such as sweaters, socks, beddings, carpets, sportswear, cushions, and blankets.

To meet the global demand there are some planned and upcoming capacity additions with major capacity expansions planned in China during the forecast period. China has also been the largest importer of propylene and its derivatives and a need to reduce its reliance on imports many investments are being proposed by 2025. This include Fujian Meide Petrochemical Fuzhou Propylene Plant, Oriental Energy Ningbo Propylene Plant, and Oriental Energy Ningbo Propylene Plant. In 2016, global polypropylene production capacity was around 120 million metric tons grown from 107 million metric tons in 2014.

Asia Pacific dominated the propylene market in 2017, and is expected to continue its dominance over the forecast period. This is attributed to growth of automotive and construction industries in the region. According to International Trade Administration (ITA), China is the world’s largest construction market and it was valued at US$ 717.71 billion in 2016, and is estimated to reach US$ 1,042.17 billion in 2021. The major regions in propylene market are China, US, and Western Europe, which account for over 70% of the total market demand.

Polypropylene was the largest market segment for propylene with a market share of around 64% in 2017. It is expected to retain dominant position in market, which in turn is propelling demand for propylene from end use industries. There are certain upcoming polypropylene projects to serve the demand from various end-use applications. For instance, a 700 kilo tons polypropylene plant, based on propylene recovered from cracked Liquefied Natural Gas (LPG) generated from INDMAX Plant, is under implementation is scheduled for completion by the end of 2018.

The major players operating in the global propylene market include China Petroleum & Chemical Corporation, BASF SE, ExxonMobil Corporation, The DOW Chemical Company, LyondellBasell Industries N.V., SABIC, BP Plc., and IRPC Plc.

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Global Propane Dehydrogenation  to Propylene  Market, Market Size, Market Share, Key Players | BIS Research

Thermoset plastics, known for their excellent mechanical strength, chemical resistance, and durability, have long been integral in industries like automotive, aerospace, electronics, and construction. However, their primary drawback has been that, once cured, they are difficult to recycle. This has posed a significant environmental challenge, as traditional thermosets end up in landfills, contributing to plastic waste. 

The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Propane Dehydrogenation  to Propylene  Overview

Thermosets are polymers that, when cured through heat or chemical reactions, become rigid and maintain their shape permanently. 

The very feature that makes thermosets desirable for applications requiring durability is also what makes them difficult to recycle. Traditional thermoset plastics cannot be reshaped or reprocessed once cured because the cross-linked molecular structure prevents them from being melted down.

Applications for Propane Dehydrogenation  to Propylene  Market 

1 Automotive and Aerospace: These industries rely heavily on thermoset composites for lightweight, high-strength materials that improve fuel efficiency and performance. 

2 Electronics: Thermoset plastics are commonly used in electronic components due to their excellent insulating properties.

3 Construction: Thermosets are used in construction materials such as adhesives, coatings, and insulation. 

Market Segmentation 

1 By End Users 

2 By Technology 

3 By Derivative 

4 By Region 

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Major Key Players  

LyondellBasell Industries Holdings B.V.

Borealis AG

Williams

INEOS Group Limited

GAIL (India) Limited

Jinneng Science and Technology Company Limited

Dow Chemical Company

Koch Industries, Inc.

And many others 

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Demand – Drivers and Limitations

Following are the demand drivers for the global Propane Dehydrogenation  to Propylene  market:

•    Advancement in Thermoset Recycling Technologies Globally •    Regulations Promoting Plastic Recycling in Various Countries •    Investments and Collaboration in Plastic Recycling Industry

The following are the challenges for the global Propane Dehydrogenation  to Propylene  market:

•    Complex Process of Thermoset Recycling •    Lack of Proper Infrastructure for Hard-to-Recycle Products

Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market

• In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's proprietary catalyst technology would be combined with KBR's proprietary K-PRO PDH technology to convert propane into propylene.

•In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.

Conclusion

The propane dehydrogenation (PDH) market for propylene production is positioned for significant growth, driven by the rising demand for propylene across various industries, including packaging, automotive, construction, and textiles.

Overall, the PDH market is poised for expansion, supported by the growing demand for propylene in emerging economies, continued advancements in PDH technology, and a global push towards more energy-efficient and cost-effective chemical processes

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Detailed Report on Propane Dehydration to Propylene Market | BIS Research 

Propane dehydration to propylene is a chemical process in which propane (C₃H₈) is converted into propylene (C₃H₆) by removing hydrogen (H₂) molecules. This process typically occurs through catalytic dehydrogenation, where propane is passed over a catalyst, often chromium, platinum, or vanadium-based, at high temperatures (typically between 500°C and 700°C).

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Propane Dehydration to Propylene Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.

Propane Dehydration to Propylene Overview  

Propane dehydration to propylene, also known as propane dehydrogenation (PDH), is a key industrial process used to convert propane (C₃H₈) into propylene (C₃H₆), an essential building block in the petrochemical industry. Propylene is a vital raw material in the production of polypropylene plastics, acrylonitrile, propylene oxide, and other chemicals.

Chemical Reaction

The primary reaction in propane dehydrogenation is the removal of hydrogen atoms from propane to produce propylene and hydrogen gas:

C3H8→C3H6+H2C₃H₈ \rightarrow C₃H₆ + H₂C3​H8​→C3​H6​+H2​

This is an endothermic reaction, meaning it requires the input of energy (in the form of heat) to proceed. The reaction typically takes place at high temperatures, generally between 500°C and 700°C, depending on the catalyst and reactor design used.

Catalysts Used in PDH Includes 

Chromium Based Catalysts 

Platinum Based Catalysts 

Vanadium Based Catalysts 

Bimetallic Catalysts 

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Key factors influencing market growth include 

Abundant availability of low cost propane feedstock especially from shale gas 

Rapid Industrialization and expanding consumer markets 

PDH technology is expected to play an increasingly central role in the global propylene supply chain, offering a more flexible and scalable solution for producers. 

The PDH market is poised for long-term growth, supported by favorable economic conditions, strong demand drivers, and continued innovation in process and catalyst technology.

In the automobile industry, the demand for propylene derivatives such as propylene oxide and polypropylene is rising due to the increasing number of electric vehicles that are made from lightweight materials.

Market Segmentation 

1 By Technology

CATOFIN

UOP Oleflex

Fluidized Catalytic Dehydrogenation (FCDh)

Steam Active Reforming (STAR)

Based on technology, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the UOP Oleflex segment during the forecast period of 2022-2031. 

2 By End Users 

Automotive and Transportation

Construction

Packaging

Textile 

Electrical and Electronics

Based on end users, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the packaging segment during the forecast period of 2022-2031.

3 By Derivative 

Polypropylene

Propylene Oxide

Acrylonitrile

Cumene

Alcohols

Based on derivative, the propane dehydrogenation (PDH) to propylene market is estimated to be led by the polypropylene segment during the forecast period of 2022-2031.

4  By Region 

North America - U.S., Canada, and Mexico

Europe - Germany, France, Italy, Spain, Russia, and Rest-of-Europe

China

U.K.

Asia-Pacific and Japan - Japan, India, South Korea, ASEAN, and Rest-of-Asia-Pacific and Japan

In the global propane dehydrogenation (PDH) to propylene market, China and North America are anticipated to gain traction in terms of propane dehydrogenation (PDH) to propylene production, owing to the presence of the world’s largest manufacturers in those regions.

Demand Drivers and Limitations 

Growing demand for propylene based products

Increased availability of shale gas 

Sustainable and Circular Economy Initiatives 

Petrochemical Demand 

Fluctuation in Crude Oil Price 

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Key Companies 

•    LyondellBasell Industries Holdings B.V.

•    Borealis AG

•    INEOS Group Limited

•    GAIL (India) Limited

•    Dow Chemical Company

•    Koch Industries, Inc.

•    Formosa Plastics Corporation

•    KBR Inc.

Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market

In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's proprietary catalyst technology would be combined with KBR's proprietary K-PRO PDH technology to convert propane into propylene.

In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.

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Conclusion

The propane dehydration to propylene (PDH) market has experienced significant growth, driven by increasing global demand for propylene, especially for downstream products like polypropylene, acrylonitrile, and propylene oxide. 

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Japan's comprehensive trading company will start the recycling and recycling of waste plastics

In July last year, petrochemical giant Ineos announced that it would build a world-class production base, which was narrowed to between Antwerp and the Dutch port city of Rotterdam.

Recently, the site selection of this 3 billion euro project has finally been finalized.

Ineos will spend €3 billion to build a world-class 1.25 million ton ethane cracker and a propane dehydrogenation (PDH) plant with an annual capacity of 750,000 tons of propylene at the heart of the industrial port of Antwerp, Belgium. This is the biggest investment of INEOS in recent years, and it is also the largest of its kind in Europe in recent years.

Jim Ratcliffe, founder and chairman of INEOS, said the investment that brought disruptive changes to the industry was the biggest investment in INEOS in recent years, and it was once for the European petrochemical industry. A major breakthrough, it is reported that the project is mainly to meet the needs of the European market.

Prior to the proposed investment, INEOS announced a series of proposed land acquisition plans in 2017 to expand its ethylene and propylene production capacity in Europe to support the continued growth of the company's European petrochemical business.

The new production base will be the first cracking plant in Europe in 20 years, and its raw materials will use US shale gas.

Ratcliffe called for a “competitive” industry environment in Europe. He said that the investment of INEOS is of great significance to the European chemical industry, because the chemical industry in Europe is now "far behind" the United States and China.

"Energy is a big problem, but to be precise, Europe does not face this problem directly. If we do not import shale gas from the United States, we will not be able to prove the economic rationality of this investment." Ratcliffe said.   

Ratcliffe said that in support of the Antwerp project, INEOS will increase its investment in the use of its own transatlantic freighter to import shale gas from the United States.   

The new production site will be produced in conjunction with INEOS' existing plant in Lilo (central Port of Antwerp) and will be connected to other EI and other ethylene and propylene derivative units in North Central Europe via a pipeline.

The construction of the two new plants is expected to take four to five years and is scheduled to be officially put into production in 2024.   

INEOS said that the production base will use the most advanced and environmentally friendly production technology to lay the foundation for the company to maintain a "sustainable cost advantage."   

INEOS currently has 2,500 employees, a technology center and nine production sites in Belgium, six of which are located in Antwerp, Europe's largest petrochemical industrial center.

“The final location of the project in Antwerp is significant for its future development,” said project leader John McNally.   

“The final decision is based on our long-term relationship with the Port of Antwerp, Antwerp and the Flemish Region and the Belgian government,” McNally said. 

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Propane Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Propane is a gas used in natural gas processing used primarily to produce fuel and polymer grade propylene. It is widely accepted as a fuel in industrial and commercial applications mostly in cooking, transportation, agriculture, and other industries. The Global Propane Market Report by Market Research Future (MRFR) outlines drivers, opportunities, factors, and restraints in a comprehensive manner.

Competitive Analysis:

Major industry participants in the Global Propane Market include Exxon Mobil Corporation, Ferrellgas, ConocoPhillips Company, Eni SpA, Anadarko Petroleum Corporation, Royal Dutch Shell plc, Canadian Natural, Equinor ASA, Chesapeake, and Chevron Corporation.

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Market Outlook:

MRFR states the Global Propane Market to exhibit 4.50% CAGR from 2018 to 2023 (forecast period) to touch a size of USD 7,149.90 million. The market demand is touted to reach 9.5 billion gallons by 2023. This can be duly attributed to the need for a clean fuel source for cooking in the residential sector. Revival of infrastructural projects in developed economies combined with investments in developing economies is a positive indicator of the massive market potential.

The use of Propane-based additives during winter is a vast opportunity which can be capitalized on by manufacturers. Stringent rules pertaining to automotive fuels as well as adherence to new emission standards can drive the Global Propane Market demand during the forecast period. Expansion moves in the form of Propane dehydrogenation plants can work favorably for the market. This is exemplified by the setup of a Propane dehydrogenation plant by Borealis AG in Belgium with an annual capacity of 750,000 metric tons. Furthermore, portable Propane heaters by construction workers for keeping warm during cold weather can drive the Global Propane Market.

The decline in crude oil production can pose a challenge to the market.

Segmentation Analysis:

The Global Propane Market is segmented by End-Use Industry.

By End-Use Industry, it is segmented into automotive & transportation, agriculture, industrial machinery, commercial construction, residential construction, process industry, and others.

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The Process Segment accounted for the largest revenue share in 2017 due to the demand for propane in polypropylene production. The construction segment, on the other hand, can command a respectable share of the propane market due to demand for cooking fuel for heating and cooking. Rise in commercial construction in developing economies can propel the segment growth share in the market in the coming years.

Regional Analysis:

Latin America, Asia Pacific (APAC), North America, Europe, and the Middle East & Africa (MEA) are regions taken into view for the Global Propane Market Report.

The APAC region is estimated to experience a remarkable CAGR during the forecast period due to investments in infrastructural development and an uptick in demand from the polymer industry. Rising urbanization and industrialization in the region can facilitate market growth. Conversion of oil furnaces to Propane is a window of growth for the market in the forthcoming years. Moreover, LPG connections for cooking purposes made readily available under government schemes can boost the regional propane market growth. China, Japan, and India are regions which can contribute greatly due to being importers to the U.S.

The North America propane market is built on exports to Europe and Asia Pacific. High demand for liquefied petroleum gas (LPG) in the U.S. is touted to drive regional market growth. Preference of clean fuels with regards to stringent emission policies has led to various states in the U.S. switching to propane-fueled buses. Recently, the state of Montana has joined schools across other states for the procurement of propane-run buses which reduce overhead expenses by a higher margin. This can augur well for the Global Propane Market Growth. The purchase of propane-fueled fleets by the logistics sector is another indicator of the growth expected of the market.

Massive demand for polypropylene in various end-use industries of healthcare, energy, consumer goods, automotive, food packaging, and others in the European region can induce the demand for propane. Imports of Propane from the Middle East and the U.S. can ensure the constant supply of the chemical.

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