Market Overview: Propane Dehydrogenation (PDH) to Propylene Market FY2024-2030
This reports provides an essential and dependable overview of the Propane Dehydrogenation (PDH) to Propylene Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Propane Dehydrogenation (PDH) to Propylene Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 9.20% (2024-2030)
The Global Propane Dehydrogenation (PDH) to Propylene Market size is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2024-30.
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Propane Dehydrogenation (PDH) to Propylene Market Trend:
Evolution of Different Patented Technologies Gaining Traction – There has been significant technological advancement in recent years in the Global Propane Dehydrogenation (PDH) to Propylene Market, due to consistent research and development efforts. The main motive of these advancements has been to achieve higher yields of propylene and its derived products, as traditional propylene production methods utilizing various feedstocks, have shown lower efficiency. This as a result is prompting leading market players such as KBR, Honeywell, and others to heavily invest in research & development to develop newer and more efficient technology for propylene production. One crucial aspect of this technological evolution has been the emergence of patented technologies that have gained significant traction in recent years, through which companies have partnered to share their patented technologies for propylene production. For instance,
- In 2022, KBR and ExxonMobil Catalysts and Licensing joined forces to drive advancements in propane dehydrogenation (PDH) technology. The collaboration aimed to integrate ExxonMobil’s proprietary catalyst technology with KBR’s proprietary K-PRO PDH technology, enabling the efficient conversion of propane into propylene.
Consequently, the advent of rising PDH technologies has been propelling the petrochemical sector to improve its PDH plants with modern-day technology and its additives. As a result, the demand for PDH technology is predicted to witness substantial growth during the forecast period. These improvements promise to revolutionize propylene production, meeting the growing global demand for this crucial petrochemical compound.
Propane Dehydrogenation (PDH) to Propylene Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Propane Dehydrogenation (PDH) to Propylene Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Propane Dehydrogenation (PDH) to Propylene Market segmentation is enlisted below:
By Technology
-
- CATOFIN – Market Size & Forecast 2019-2030, (USD Million)
- UOP Oleflex- Market Size & Forecast 2019-2030, (USD Million)
- Fluidized Catalytic Dehydrogenation (FCDh)- Market Size & Forecast 2019-2030, (USD Million)
- Steam Active Reforming (STAR)- Market Size & Forecast 2019-2030, (USD Million)
- Fluidized Bed Technology (K-Pro)- Market Size & Forecast 2019-2030, (USD Million)
By End-User
-
- Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)
- Large-scale PDH Plants (>0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)
By Region
-
- North America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Propane Dehydrogenation (PDH) to Propylene Market Competitive Landscape
LyondellBasell Industries Holdings B.V., INEOS Group Limited, Dow Chemical Company, Borealis AG, Formosa Plastics Corporation, Jinneng Science and Technology Co. Ltd., KBR Inc., GAIL Limited, Hyosung Chemical, Lummus Technology LLC, Ascend Performance Materials, Shanghai Huayi (Group) Company, Enterprise Products Partners L.P., Oriental Energy Co. Ltd., PJSC SIBUR Holding, and others.
Propane Dehydrogenation (PDH) to Propylene Industry News:
- In 2023, Lummus Technology was selected by Alujain National Industrial Co., based in Saudi Arabia, to provide C3 CATOFIN propane dehydrogenation (PDH) technology for their new propylene plant in Yanbu, Saudi Arabia.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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