The hottest propylene market share in Southeast As

2022-10-18
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In 2020, the propylene market share in Southeast Asia is expected to increase to US $9.4 billion.

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with the continuous growth of the market demand for propylene derivatives, the propylene market in Southeast Asia is expected to increase to US $9.4 billion by 2020, and the annual compound growth rate is expected to increase by 19.6%

propylene is the main raw material for the production of polypropylene. 80% of propylene produced in Southeast Asian countries is used to produce polypropylene. Polypropylene is a thermoplastic polymer, which is widely used, including packaging, labeling, textiles, stationery, plastic parts and various types of reusable containers

Thailand is the largest propylene producer in Southeast Asia, accounting for about 40.4% of the total production capacity in the region. In addition, Singapore and Malaysia also have high propylene production capacity. Mainstream enterprises in the above-mentioned countries plan to increase and upgrade their existing production capacity to meet the growing market demand. By the end of 2020, propylene in Indonesia and Singapore, especially the communication giants, are competing to invest in production capacity, which is expected to increase by 1.1 million tons/year. The continuous growth of Singapore's demand for plastic products has led to the continuous expansion of propylene market demand. Most of the raw materials used in plastic production come from propylene. In order to maintain the sustainability of growth, Singapore has begun to formulate Jurong Island New 4 The development blueprint of diamond cone with a top angle of 120 degrees for the indenter of scale C of Rockwell hardness tester

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