China to be at the forefront of global propylene demand in 2026

The global propylene market has posted steady growth in recent years and is forecasted to grow significantly at a CAGR of 2.4% over 2026 to 2030. Polypropylene, a thermoplastic polymer of propylene, accounts for over 70% of propylene’s end use globally, as it finds extensive application in consumer goods, automotive parts, packaging, and high-value new materials. China remains the undisputed leader of this global growth, set to dominate global propylene demand while outpacing every other country by a substantial margin.

In 2026, China is likely to witness a demand of 67.37 million tonnes per annum (mtpa), accounting for over 45% of global propylene demand. This dominance of China in global propylene demand is attributed to the country’s massive manufacturing sector, rapid urbanisation, and surging middle class, fuelling the strong consumption of polypropylene and other propylene derivatives.


Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.


Find out more



Moreover, China’s aggressive investments in propylene production capacity—especially through the proliferation of modern propane dehydrogenation (PDH) plants—reinforce its drive for self-sufficiency and position it as both a consumption and production powerhouse not only in 2026 but through the end of the decade.

Following China, the US and India remain significant contributors to global propylene demand. In 2026, the US is expected to register a demand of 16.12mtpa, driven by cost-advantaged shale gas and the steady growth of the packaging and automotive industries. Meanwhile, India’s propylene demand this year is likely to be at 8.06mtpa, powered by the fast-paced industrialisation, high population growth, and government initiatives targeting manufacturing capacity.

Further details of global propylene capacity and capex analysis can be found in GlobalData’s new report, ‘Global Propylene Market: Key Projects and Capacity Additions, 2026’.


Source link

Visited 1 times, 1 visit(s) today

Related Article

Prediction: The Stock Market Will Soar After Midterm Elections

The midterm elections are fast approaching, and the world will be watching as voters head to the polls on Nov. 3 to elect their state representatives in the U.S. House of Representatives and the U.S. Senate. With politics as partisan as ever and so much going on in the world, including the Iran war, investors

Trump criticised France's immigration policies while addressing a campaign rally for Republican candidates in Perry, Georgia. (AP/Bloomberg)

Trump says France ‘burning down’ because it opens borders to people ‘who hate it’; claims protests not related to education

US President Donald Trump on Saturday said France was “burning down” because it opened its borders to people who “hate it”, dismissing claims that protests were linked to education. Trump criticised France’s immigration policies while addressing a campaign rally for Republican candidates in Perry, Georgia. (AP/Bloomberg) “They have police in France, but they’re not allowed

BE Stock Sees Worst Single-Day Fall In 3 Months — Jefferies Trims Price Target, Flags Lack Of Updates On Its Largest Opportunity With Oracle

Jefferies said that despite management’s optimism that its backlog continues to grow faster than revenue, Bloom Energy did not provide a formal backlog update. JPMorgan also lowered its price target on Bloom, cutting it to $292 from $314 while maintaining an ‘Overweight’ rating. The firm attributed the reduction to lower trading multiples among Bloom Energy’s

A motorised auto-rickshaw powered by liquefied petroleum gas (LPG) passes a bridge amid rising fuel and LPG prices due to the Iran conflict, in Karachi, Pakistan. (Reuters)

Pakistan reopens Gabd-Rimdan border with Iran after week-long trade halt

Pakistan reopened a key border crossing with Iran to resume bilateral trade and cross-border movement after a week-long suspension that stranded freight vehicles, disrupted supplies and aggravated concerns over LPG shortage ahead of winter. A motorised auto-rickshaw powered by liquefied petroleum gas (LPG) passes a bridge amid rising fuel and LPG prices due to the

A Boeing 787 Dreamliner of Riyadh Air at King Khalid International Airport in Riyadh.

The Saudi Airline That Launched Right in the Middle of a War

The day after a missile hit the airport where Riyadh Air’s offices are based, the British boss of Saudi Arabia’s new airline wanted to soothe staff fears. A Boeing 787 Dreamliner of Riyadh Air at King Khalid International Airport in Riyadh. “We would never operate a flight or have people work in a building if

Stock Market Sell-Off: History Says This Is the Best Move to Make Right Now

So your portfolio is redder than a stoplight, and your AI stocks are doing their best impression of a deflating balloon. The Nasdaq Composite (^IXIC -0.21%) has fallen 7.6% from its early October highs, dragging other market indicators lower. Pullbacks of this magnitude tend to rattle investors, particularly those who piled into artificial intelligence plays

What the New Class C Share Structure Actually Means for Meta Platforms Stock Investors

Meta Platforms (META) is introducing non-voting Class C shares to widen its options for raising capital, rewarding employees, and financing acquisitions without weakening CEO Mark Zuckerberg’s voting control. On Wednesday, Oct. 21, the board approved the charter amendment alongside its Q3 results, with a revised certificate of incorporation scheduled to take effect on Tuesday, Jan.

5 Oversold AI Stocks: Where Wall Street Analysts Are Spotting 50%+ Upside

The AI selloff has opened a wide gap between share prices and Wall Street’s expectations. Some of the stocks below have lost nearly half their value in 30 days, while their average analyst targets still imply gains well above 50%. It sounds like an opportunity but can also mean the market has moved faster than

Is Nike Still a Growth Stock? Here’s the Answer.

By now, Nike (NYSE: NKE) shareholders are well aware that the company’s fiscal 2027 could be a tough stretch. In the company’s 2027 first-quarter earnings report, revenue fell 4% year over year to $11.2 billion, and net income slid 2% to $712 million. The athletic wear giant has been in the midst of a turnaround

Banner

UK police arrest 15-year-old boy for photoshopping local politician into rabbit

West Midlands Police in the United Kingdom, on August 3, detained a 15-year-old boy identified only as Fraser, for allegedly mocking a local politician, Simon Bennett, in social media posts, including one that photoshopped him into a rabbit. Police officers stormed the teenager’s family home in the early hours of the day while he was

0
Would love your thoughts, please comment.x
()
x