Propane Dehydrogenation (PDH) to Propylene Global Market 2022 – 2023:
Exploring Advantages of PDH technology over Counterparts Presents Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Propane Dehydrogenation (PDH) to Propylene Market – A Global and Regional Analysis: Focus on Technology, Derivative, End User, and Region – Analysis and Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s offering.
The global propane dehydrogenation (PDH) to propylene market is projected to reach $22,721.2 million by 2031 from $10,314.6 million in 2022, growing at a CAGR of 9.2% during the forecast period 2022-2031.
The production of polypropylene is increasing with the growing middle-class population across the globe, especially in developing countries. In these countries, demand for plastics increased significantly for consumer goods such as kitchen utensils, food containers, apparel, area rugs, batteries, and others.
Polypropylene is one of the most versatile plastics and has huge demand. Traditional methods of propylene production as a by-product include fluid catalytic cracking and steam cracking. Propylene producers as a by-product are failing to cater to increasing demand from its derivatives, prominently polypropylene.
This has led to an increased gap between supply and demand since 2011. Propylene producers are adopting on-purpose propylene production technologies to fulfil the demand-supply gap caused by increased demand. Propane dehydrogenation is a process where propane is converted to propylene with the option to use the by-product hydrogen for fuel or export for other uses. A PDH unit is easily integrated at a propane source or at a downstream polypropylene production plant.
Various companies are developing PDH technology to be more efficient and economical. For instance, in December 2018, KBR, Inc. developed a proprietary propane dehydrogenation (PDH) technology, K-PRO. The technology is based on the company’s catalytic olefins technology, K-COT, which is a fluidized-bed technology used for converting low-value olefinic, paraffinic, or mixed streams into high-value propylene and ethylene.
Recent Developments in Propane Dehydrogenation (PDH) to Propylene Market
- In March 2022, KBR and ExxonMobil Catalysts and Licensing collaborated on the advancements of propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil’s proprietary catalyst technology would be combined with KBR’s proprietary K-PRO PDH technology to convert propane into propylene.
- In January 2022, Hyosung Chemical started the production of propylene by PDH technology for the production of polypropylene units. Before the start-up of this plant, the polypropylene units were dependent on imported propylene.
- In December 2021, GAIL (India) Ltd. announced to start its propane dehydrogenation (PDH) facility and polypropylene (PP) plant in Usar, Maharashtra, by 2024. The company has recently chosen Lummus Technology’s CATOFIN process and Clariant’s tailor-made catalysts for India’s first PDH plant. The capacity of the plant is expected to be around 500 kilo tons per annum and will be integrated with the downstream PP unit.
- In August 2019, Dow Chemical Company announced the retrofit of one of its Louisiana steam crackers with its proprietary fluidized catalytic dehydrogenation (FCDh) technology to produce on-purpose propylene. The retrofit would produce more than 100,000 tons of on-purpose propylene.
Market Dynamics
Drivers
- Increasing Regulations to Promote the Use of Lightweight Materials
- Rising Demand for Polypropylene in Food Packaging over Other Plastics
Challenges
- Volatile Raw Material Prices
- Strict Government Regulations for the Plastic Industry
Opportunities
- Exploring Advantages of PDH technology over Counterparts
Companies Mentioned
- LyondellBasell Industries Holdings B.V.
- INEOS Group Limited
- Dow Chemical Company
- Borealis AG
- Formosa Plastics Corporation
- Jinneng Science and Technology Company Limited
- KBR Inc.
- GAIL (India) Limited
- Hyosung Chemical
- PJSC SIBUR Holding
- Ascend Performance Materials
- Shanghai Huayi (Group) Company
- Williams
- Enterprise Products Partners L.P.
- Oriental Energy Co. Ltd.
- Koch Industries, Inc.
- Shaanxi Yanchang Petroleum (Group) Co., Ltd.
- Tianjin Bohai Chemical Industry Group
- Zhejiang Shaoxing Sanyuan Petrochemical Co., Ltd.
- BASF SE
Market Segmentation
by End User
- Automotive and Transportation
- Construction
- Packaging
- Textile
- Electrical and Electronics
- Consumer Goods
- Medical and Healthcare
- Others
by Technology
- CATOFIN
- UOP Oleflex
- Fluidized Catalytic Dehydrogenation (FCDh)
- Steam Active Reforming (STAR)
- Fluidized Bed Technology (K-Pro)
- Others
by Derivative
- Polypropylene
- Propylene Oxide
- Acrylonitrile
- Cumene
- Alcohols
- Acrylic Acid and Acrylates
- Others
by Region
- North America – U.S., Canada, and Mexico
- Europe – Germany, France, Italy, Spain, Russia, and Rest-of-Europe
- China
- U.K.
- Asia-Pacific and Japan – Japan, India, South Korea, ASEAN, and Rest-of-Asia-Pacific and Japan
- Middle East and Africa – Saudi Arabia, U.A.E., and Rest-of-Middle-East-and-Africa
- South America
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