Dallas, Texas (PRWEB) May 07, 2014
The global propylene industry is witnessing a change in the feedstock scenario in various parts of the world. In North America, propylene supply from steam crackers is expected to decrease in coming years as abundant and inexpensive natural gas liquids (NGLs) feedstock form shale gas is slowly replacing heavy feedstock in steam crackers. Persistently high crude oil price is also discouraging the use of naphtha China and Europe. To cope with the changing feedstock scenario and high crude oil prices many producers are embracing on-purpose propylene technologies which produce high quantities of propylene by using alternative feedstocks such as NGLs and coal. Use of these technologies is being witnessed mostly in Asia-Pacific and North America. In Asia-Pacific, more than 50% of new capacity will come from on-purpose technologies while in North America, 100% of the new capacity will come from on-purpose technologies. With the increasing demand for propylene and uncertainty of propylene supply from stream crackers, the use of on-purpose technology will continue to increase in the future.
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The report provides in-depth analysis of the demand and supply dynamics of the global propylene industry. Its scope includes:
Reasons to buy
The report will enhance your decision-making capability by allowing you to Understand the key trends and challenges in the global propylene industry. Understand the regional propylene supply scenario. Understand the current and likely future competitive scenario. Identify opportunities in the global propylene industry with the help of specific insights on demand and supply dynamics. Increase in future revenues and profitability with the help of insights into future opportunities and critical success factors in the global propylene industry.
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