Piperylene market size is set to grow by USD 481.06 million from 2021 to 2026; Better performance of piperylene sulfone to boost the market - Technavio

NEW YORK, April 4, 2023 /PRNewswire/ -- The global piperylene market size is estimated to grow by USD 481.06 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 5.52% during the forecast period. Moreover, the growth momentum will accelerate. The improved performance of piperylene sulfone is driving the piperylene market growth. The demand for piperylene sulfone is growing, as its performance as a solvent is better when compared with other solvents for a sustainable chemical reaction. Piperylene sulfone can be used to transfer heat and mass, act as a catalyst, and facilitate reactions and product separation while minimizing waste generation and energy consumption. Moreover, piperylene sulfone readily converts into a gaseous form when exposed to a temperature of more than 3,200 degrees Fahrenheit. Piperylene sulfone is synthesized from trans-1,3-pentadiene and sulfur dioxide in the presence of radical inhibitors such as N-phenyl-2-naphthylamine. It can also be synthesized by using 1,3-pentadiene, which is commercially available and economical. Therefore, the easy synthesis, low-cost production, and switchable properties of piperylene as a solvent have increased its adoption in chemical processes, which, in turn, will drive market growth during the forecast period. For more insights on the forecast market size (2022 to 2026) - Request a sample report

Piperylene market - Segmentation assessment
Segment overview
Technavio has segmented the market based on application (adhesives, plastics, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• The adhesives segment will account for a significant share of the market growth during the forecast period. The demand for piperylene-based adhesives from the industrial sector is expected to increase. Industrial adhesives are mainly composed of piperylene styrene copolymers and butadiene-piperylene copolymers. They are available in various formulations with a wide range of hardness. In several industries, more than one type of adhesive is used for specific purposes. Piperylene-based adhesives are widely used in end-user industries such as automotive, construction, consumer goods, and electrical and electronics. The growing demand for adhesives from these industries is expected to drive the growth of the adhesives segment during the forecast period.

Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global piperylene market.

• APAC will account for 64% of the market's growth during the forecast period. China, India, and Japan are the key countries for the piperylene market in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. The presence of a large population base will drive the piperylene market growth in APAC during the forecast period.

Insights on the market contribution of various segments, including country- and region-wise data and forecast market size (2022 to 2026) - Download a sample report

Piperylene market – Vendor analysis

The piperylene market report includes information on several market vendors. The vendors included in the market reports are as follows:

• Chevron Phillips Chemical Co. LLC
• China Petrochemical Corp.
• Eastman Chemical Co.
• Henghe Nanjing Materials and Science Technology Co. Ltd.
• Kai Yen International Trading Corp.
• Lotte Chemical Corp.
• LyondellBasell Industries NV
• Mitsui and Co. Ltd.
• National Analytical Corp.
• Ningbo Jinhai ChenguangChemical Corp.
• NOVA Chemicals Corp.
• Novonor
• Shandong Yuhuang Chemical Group Co. Ltd.
• Shell plc
• Sintez Kauchuk JSC
• Sunny Industrial System GmbH
• Vizag Chemical International
• Yeochun NCC Co. Ltd.
• Zeon Corp.

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Piperylene market – Market dynamics

Leading trends influencing the market 

• The growing demand for PSA is a leading trend in the market.
• Market players are focusing on adhesives that contain tackifiers of synthetic origin, which is driving the demand for piperylene.
• PSA is widely used to manufacture pressure-sensitive labels, which are used on product packaging to provide important information and to locate products through barcodes.
• The rise in e-commerce sales and the demand for clean labels are propelling the demand for pressure-sensitive labels.
• Adhesives that comprise isoprene and piperylene combination possess characteristics such as tack, tensile strength, peel strength, plasticity, creep, and stability to oxygen and aging.
• These advantages of synthetic tackifiers have increased their demand from the adhesive industry and other end-users, which, in turn, is anticipated to fuel the market growth during the forecast period.

Major challenges hindering the market growth

• Volatility in raw material prices is challenging the piperylene market growth.
• The fluctuation in the prices of raw materials, such as ethylene, C5, and additives, is directly related to crude oil prices.
• Piperylene is a by-product of ethylene, which is produced from crude oil and exhaust gases, combustion of biomass, and waste incineration.
• In recent years, a decline in crude oil prices led market players to implement cost-cutting measures such as workforce layoffs and rig idling.
• The significant fluctuations in these prices are caused by a systemic demand-supply imbalance in the global crude oil market.
• These fluctuations adversely affect the production cost of piperylene and reduce vendors' profit margins, which is expected to impede the global piperylene market growth during the forecast period.

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What are the key data covered in this piperylene market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the piperylene market between 2022 and 2026
• Precise estimation of the size of the piperylene market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the piperylene market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of piperylene market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Adhesives - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Adhesives - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Adhesives - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Adhesives - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Adhesives - Year-over-year growth 2021-2026 (%)

• 5.4 Plastics - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Plastics - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Plastics - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Plastics - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Plastics - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application 
• Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026 
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026 
• Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 UK - Market size and forecast 2021-2026 
• Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Chevron Phillips Chemical Co. LLC 
• Exhibit 97: Chevron Phillips Chemical Co. LLC - Overview
• Exhibit 98: Chevron Phillips Chemical Co. LLC - Product / Service
• Exhibit 99: Chevron Phillips Chemical Co. LLC - Key news
• Exhibit 100: Chevron Phillips Chemical Co. LLC - Key offerings

• 10.4 Eastman Chemical Co.
• Exhibit 101: Eastman Chemical Co. - Overview
• Exhibit 102: Eastman Chemical Co. - Business segments
• Exhibit 103: Eastman Chemical Co. - Key offerings
• Exhibit 104: Eastman Chemical Co. - Segment focus

• 10.5 Henghe Nanjing Materials and Science Technology Co. Ltd. 
• Exhibit 105: Henghe Nanjing Materials and Science Technology Co. Ltd. - Overview
• Exhibit 106: Henghe Nanjing Materials and Science Technology Co. Ltd. - Product / Service
• Exhibit 107: Henghe Nanjing Materials and Science Technology Co. Ltd. - Key offerings

• 10.6 Lotte Chemical Corp.
• Exhibit 108: Lotte Chemical Corp. - Overview
• Exhibit 109: Lotte Chemical Corp. - Business segments
• Exhibit 110: Lotte Chemical Corp. - Key offerings
• Exhibit 111: Lotte Chemical Corp. - Segment focus

• 10.7 LyondellBasell Industries NV 
• Exhibit 112: LyondellBasell Industries NV - Overview
• Exhibit 113: LyondellBasell Industries NV - Business segments
• Exhibit 114: LyondellBasell Industries NV - Key news
• Exhibit 115: LyondellBasell Industries NV - Key offerings
• Exhibit 116: LyondellBasell Industries NV - Segment focus

• 10.8 Mitsui and Co. Ltd.
• Exhibit 117: Mitsui and Co. Ltd. - Overview
• Exhibit 118: Mitsui and Co. Ltd. - Business segments
• Exhibit 119: Mitsui and Co. Ltd. - Key offerings
• Exhibit 120: Mitsui and Co. Ltd. - Segment focus

• 10.9 Ningbo Jinhai ChenguangChemical Corp. 
• Exhibit 121: Ningbo Jinhai ChenguangChemical Corp. - Overview
• Exhibit 122: Ningbo Jinhai ChenguangChemical Corp. - Product / Service
• Exhibit 123: Ningbo Jinhai ChenguangChemical Corp. - Key offerings

• 10.10 NOVA Chemicals Corp.
• Exhibit 124: NOVA Chemicals Corp. - Overview
• Exhibit 125: NOVA Chemicals Corp. - Product / Service
• Exhibit 126: NOVA Chemicals Corp. - Key offerings

• 10.11 Novonor
• Exhibit 127: Novonor - Overview
• Exhibit 128: Novonor - Product / Service
• Exhibit 129: Novonor - Key offerings

• 10.12 Yeochun NCC Co. Ltd.
• Exhibit 130: Yeochun NCC Co. Ltd. - Overview
• Exhibit 131: Yeochun NCC Co. Ltd. - Product / Service
• Exhibit 132: Yeochun NCC Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 135: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 11.5 List of abbreviations 
• Exhibit 139: List of abbreviations

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