Propylene is the by-product of oil refining and natural gas processing. The compound belongs to the petrochemical sector and is the second most essential starting product after ethylene. C3H6 is the molecular formula of propylene, which is also known as propene.
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It is a colorless gas with a light petroleum smell and is transported in a liquid state under its vapor pressure. It has a superior combustion performance, an excellent alternative to propane for cutting and heating.
The key exporting countries of propylene are Germany, South Korea, and the Netherlands. On the other hand, the primary importing countries include India, the United States, and Vietnam, in the same order.
Key Details About the Propylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propylene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Propylene Price chart, including India Propylene price, USA Propylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Propylene Price Trend:
Propylene has high demand in the automotive and automobile industries. The polymer of propylene, i.e., polypropylene, is used in manufacturing bumpers, instrumental panels, interior trims, battery cases and trays, fender liners, door trims, and other machinery.
Propylene is a raw material used to manufacture various products, such as films, fibers, packaging materials, caps, containers, closures, fine chemicals, and much more. Propylene is also used to manufacture other chemical compounds, which include propylene oxide, butyraldehyde, acrylic acid, etc.
Commercially, propylene or propene is used to bend and cut metals in workshops. It has various applications utilizing essential features of propylene.
Key Players:
- Saudi Basic Industries Corporation (SABIC)
- INEOS Capital Limited
- Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- BASF SE
- Chevron Phillips Chemical Company LLC
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