Global Propane Dehydrogenation to Propylene Market Analysis and Forecast 2019-2030

Global propane dehydrogenation to propylene market is expected to grow at a CAGR of around 9.4% during the forecast period of 2023-2030 and is estimated at US$ 10,124 million in 2023.

A crucial petrochemical utilized in several industrial applications, propylene is produced using PDH because it is economical and effective. Propylene is a key component in many different products used in the petrochemical sector. The demand for downstream products and the petrochemical industry’s expansion both drive up the requirement for a steady and enough supply of propylene.

A key raw material for the creation of several petrochemical goods, such as the widely used plastic polypropylene, acrylonitrile, propylene oxide, and other chemicals, is propylene. Propylene is in greater demand as the petrochemical sector expands and diversifies. When ethylene is produced using conventional techniques for making propylene, such as steam cracking of naphtha or ethane, propylene is largely produced as a byproduct. But using these conventional methods, the supply of propylene frequently falls short of the demand, creating a shortage. In order to overcome the supply-demand imbalance, PDH offers a specialized and effective method for producing propylene straight from propane.

Feedstock Flexibility Playing as a Crucial Driver for the Global Propane Dehydrogenation to Propylene Market

Flexibility in feedstock is a key factor driving the global market for propane dehydrogenation (PDH) to propylene. PDH processes have the benefit of producing propylene from a variety of feedstocks, particularly propane, making them a flexible and adaptable technology.  The main feedstock for PDH, propane, is widely accessible from numerous sources. It can be obtained from shale gas, LPG (liquefied petroleum gas), refinery off-gas, and natural gas processing. The plentiful supply of propane from these many sources guarantees a steady and continuous supply for the manufacturing of propylene.

The versatility of using various feedstocks improves the cost-effectiveness of producing propylene by PDH, particularly when some feedstocks are more economically advantageous in particular places.

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North America Significantly Drives Global Propane Dehydrogenation to Propylene Market Growth

In North America, the PDH to Propylene market is dominated by the US and Canada. Because of the shale gas development, the area has access to cheap and plentiful propane feedstock, which makes it a desirable location for PDH operations.

In order to meet the increasing demand for propylene in the region, North America has been investing in PDH facilities. European nations strongly emphasize environmentally friendly shipping and sustainably run maritime activities, which has created a demand for propulsion methods that use less fuel.

Due to the emphasis on sustainable and green activities in the region, Europe is a key market for PDH to Propylene. PDH initiatives have progressed in nations including Germany, the Netherlands, and Belgium to increase their capacity to produce propylene. PDH is becoming more prevalent in Europe as a result of strict environmental legislation and the need for greener procedures.

Market Structure and Competitive Landscape

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the global propane dehydrogenation to propylene market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.  Some of the key developments in the global propane dehydrogenation to propylene market include,

• In March 2022, the development of propane dehydrogenation technology was a joint effort between KBR and ExxonMobil Catalysts and Licencing. To convert propane into propylene, the collaboration would mix ExxonMobil’s unique catalyst technology with KBR’s proprietary K-PRO PDH technology.

The global propane dehydrogenation to propylene market is fragmented in nature with the presence of various players operating in the market. Some of the prominent players operating in the propane dehydrogenation to propylene market include Cummins Inc, Caterpillar, General Electric, BAE Systems, Siemens Energy, ABB, Wartsila, MAN Energy Solutions, AB Volvo, MTU (Rolls-Royce Plc), Perkins Engines Company Limited, Yanmar Holdings Co, Ltd, Niigata Power Systems Co, Ltd, Fairbanks Morse Defense, Masson Marine, and FIBA Technologies Inc, among others.

Key Market Segmentation

RationalStat has segmented the global propane dehydrogenation to propylene market based on derivative, technology, end user, and region.

• By Derivative
  • Polypropylene
  • Propylene Oxide
  • Acrylonitrile
  • Cumene
  • Alcohols
  • Acrylic Acid and Acrylates
  • Others
• By Technology
  • CATOFIN
  • UOP Oleflex
  • Fluidized Catalytic Dehydrogenation (FCDh)
  • Steam Active Reforming (STAR)
  • Fluidized Bed Technology (K-Pro)
  • Others
• By End User
  • Automotive and Transportation
  • Construction
  • Packaging
  • Textile
  • Electrical and Electronics
  • Consumer Goods
  • Medical and Healthcare
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.

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