Propylene or propene is one of the highly used and demanded organic compounds in the industry across the globe. This organic product is used to produce different types of chemicals that are used in various end user industries. There is high scope for the Southeast Asia Propylene Market due to rise in production quantity through 2020.
Scope of the Southeast Asia Propylene Market:
According to the IndustryARC research analysis studies on the Southeast Asia Propylene Market, the 80% of all propylene in the Southeast Asia market is used to make polypropylene. The crude oil prices highly influence the production and supply content of propylene in this region through 2020. propylene glycol in food, propylene glycol in cosmetics and propylene glycol antifreeze are the major applications of the polypropylene products in the industries in the upcoming term.
Singapore is the major producer in the Southeast Asia Propylene Market with high quantity of propylene production for various end user applications. The rise in crude oil production is expected to positively influence the growth of processing of propylene in the region through 2020.
Propylene is the raw product for various end user products in the Southeast Asia Propylene Market. Propylene is used to manufacture containers, fabrics, caps, films, packaging, lids and others. Malaysia and Thailand are expected to have high production and supply of the propylene for industrial use in the Southeast Asia as well as the global market through 2020.
Segmentation and Key Players of the Southeast Asia Propylene Market:
The Southeast Asia Propylene Market is segmented into various categories in the IndustryARC marketing research report by geography as follows:
By geography: Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam and Myanmar
The Southeast Asia Propylene Market report by IndustryARC marketing firm also includes overview of the major companies in Southeast Asia region such as:
- HMC Polymers Co Ltd.
- IRPC Public Company Limited
- Petrochemical Corporation of Singapore (Private) Limited
- Petroliam Nasional Berhad (Petronas)
- PT Chandra Asri Petrochemical Tbk
The Southeast Asia Propylene Market is a demanding market with high uses of propylene or propene for various industrial applications as well as chemical feedstock to produce chemicals that are high in use for various applications across the globe. This market is expected to witness high growth owing to the increasing investment for monopropylene glycol, ethylene glycol and polypropylene glycol production for industrial use through 2020.
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