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Global Cracking Catalysts for Propylene Market: By Type: CHP, CRP, CIP, MMC, Others; By Application: Steam Cracking, Fluid Catalytic Cracking; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Cracking Catalysts for Propylene Market Outlook
The global cracking catalysts for propylene market is expected to grow at a CAGR of about 5% in the forecast period of 2023-2028 owing to the rising demand for propylene for the production of polypropylene.
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Asia Pacific to be a Significant Regional Market for Cracking Catalysts for Propylene
Due to the increased demand for propylene for the production of polypropylene, the Asia Pacific region is predicted to expand significantly throughout the forecast period. The rising adoption of naphtha in the feedstocks is anticipated to further fuel the growth of the cracking catalysts for propylene market. The rise in refining activity, coupled with a developed end-use industry in the region, has impelled the demand for fluid catalytic cracking catalysts. Petroleum-based products are likely to have increased demand in this region due to their widespread availability and lower pricing when compared to bio-based products. Low labour costs and the presence of abundant raw materials have resulted in a shift in manufacturing base from Western countries to Asia Pacific, which is predicted to augment the fluid catalytic cracking demand in the region.
The market's expansion in North America is expected to be fuelled by the increased product demand in fluid catalytical cracking. The increased need for steam cracking in the manufacturing of propylene is credited for the expansion in Europe. With the growing use of polypropylene in packaging, Latin America, the Middle East, and Africa are expected to experience significant growth in the forecast period of 2023-2028.
Market Segmentations
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Propylene is a colourless and flammable gas, which is used as a main building block, produced from steam cracking, ethane and liquid feeds, and naphtha reformers. In the production process of propylene, the long-chain hydrocarbons feedstocks 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 temperature and pressure. The cracking catalysts for propylene are used to increase the rate of cracking process.
By type, the market includes:
- CHP
- CRP
- CIP
- MMC
- Others
The major applications of the market are:
- Steam Cracking
- Fluid Catalytic Cracking
The regional markets for the cracking catalysts for propylene market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Rising Product Demand for Polypropylene Production Propelling the Market Growth
The global market for cracking catalysts for propylene is likely to observe rapid growth in the forthcoming years. The growth can be attributed to the rising product demand for polypropylene production, a thermoplastic polymer used in various applications. Polypropylene carries many physical and chemical characteristics, such as strong chemical resistance, high tensile strength, and high surface solidity. These characteristics make it useful in several applications, like automobile, packaging, medical, construction, electrical and electronics, among others, thereby augmenting the demand for cracking catalysts for propylene production. Rapid urbanisation in developing countries like India and China is fuelling the growth of the chemical industry. This is leading to a surge in demand for petroleum products, which in turn, is driving the cracking catalysts for propylene industry growth. Additionally, propylene is used to manufacture acetone, methyl methacrylate, acrylic acid, and acrylonitrile. A myriad of applications is expected to significantly drive the market growth in the forthcoming years. Globalisation and rising international trade practices have triggered a number of industries utilising the rapidly diminishing resource. Escalating global fuel consumption to meet rising demand from transportation and industrial sectors is likely to augmenting the market demand.
Key Players in the Global Cracking Catalysts for Propylene Market
The report gives a detailed analysis of the following key players in the global cracking catalysts for propylene industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- Albemarle Corporation
- Sinopec RIPP
- Clariant
- Royal Dutch Shell Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cracking Catalysts for Propylene Market Analysis
8.1 Key Industry Highlights
8.2 Global Cracking Catalysts for Propylene Historical Market (2018-2022)
8.3 Global Cracking Catalysts for Propylene Market Forecast (2023-2028)
8.4 Global Cracking Catalysts for Propylene Market by Type
8.4.1 CHP
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 CRP
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 CIP
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 MMC
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Cracking Catalysts for Propylene Market by Application
8.5.1 Steam Cracking
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Fluid Catalytic Cracking
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Cracking Catalysts for Propylene Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Cracking Catalysts for Propylene Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Cracking Catalysts for Propylene Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cracking Catalysts for Propylene Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cracking Catalysts for Propylene Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cracking Catalysts for Propylene Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BASF SE
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Albemarle Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sinopec RIPP
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Clariant
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Royal Dutch Shell Plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Cracking Catalysts for Propylene Market: Key Industry Highlights, 2018 and 2028
2. Global Cracking Catalysts for Propylene Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Cracking Catalysts for Propylene Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Cracking Catalysts for Propylene Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Cracking Catalysts for Propylene Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Cracking Catalysts for Propylene Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Cracking Catalysts for Propylene Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Cracking Catalysts for Propylene Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Cracking Catalysts for Propylene Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Cracking Catalysts for Propylene Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Cracking Catalysts for Propylene Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Cracking Catalysts for Propylene Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Cracking Catalysts for Propylene Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Cracking Catalysts for Propylene Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Cracking Catalysts for Propylene Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Cracking Catalysts for Propylene Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Cracking Catalysts for Propylene Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Cracking Catalysts for Propylene Market Structure
Key Questions Answered in the Report
The global cracking catalysts for propylene market is projected to grow at a CAGR of 5% between 2023 and 2028.
The major drivers of the market include the rising adoption of naphtha in the feedstocks, rapid urbanisation, surge in demand for petroleum products, globalisation, rising international trade practices, and escalating global fuel consumption.
Rising product demand for polypropylene production and increasing applications in industries, like automobile, packaging, medical, construction, electrical and electronics, among others, are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of cracking catalysts for propylene are CHP, CRP, CIP, and MMC, among others.
The major applications of the market are steam cracking and fluid catalytic cracking.
The major players in the industry are BASF SE, Albemarle Corporation, Sinopec RIPP, Clariant, and Royal Dutch Shell Plc, among others.
Analyst Review
The global cracking catalysts for propylene market has been by the rising product demand for polypropylene production in the historical period. Aided by the rising adoption of naphtha in the feedstocks and increasing applications in industries like automobile, packaging, medical, construction, electrical and electronics, the market is expected to grow at the CAGR of 5% in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types of cracking catalysts for propylene are CHP, CRP, CIP, and MMC, among others. The major applications of the market are steam cracking and fluid catalytic cracking. The major regional markets for the cracking catalysts for propylene are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market include BASF SE, Albemarle Corporation, Sinopec RIPP, Clariant, and Royal Dutch Shell Plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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