
As data from analysis of the global Propylene market suggests, this industrial segment is estimated to touch US $92.06 billion by the year 2017, growing consistently over the years with a sustained CAGR of 3.7%.
Some of the major drivers of this industry is believed to be the ever-increasing demand from automotive and packaging industrial sectors, apart from the expansions of some of the key vendors of global propylene markets. Polyethelene is gradually being replaced by polypropylene in certain applications and this has led to the expansion of polypropylene. Petroleum hydrocarbons are cracked which releases gaseous state of hydrocarbon which is then utilized in the process of organic synthesis and is also known as ‘propen&rsqu
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