LONDON, April 25, 2016 /PRNewswire/ -- Propylene also known as propene is one of the major building blocks of the petrochemical industry. Propylene is typically obtained via two main routes: either as a co-product of the refinery catalytic cracking process used to make gasoline or as a co-product of the steam cracking process used to make ethylene. There are also a number of technologies for making propylene directly from other feedstock. The most common of these on-purpose process routes are propane dehydrogenation and metathesis.
Southeast Asia propylene market is segmented according to the different derivative products of propylene. 80% of the propylene in Southeast Asia is used for the production of polypropylene. Propylene market in Southeast Asia is highly dependent on the crude oil prices as it is the primary source for its production. As the crude oil prices are capricious in nature it is creating pandemonium in propylene market in terms of production, demand, supply, exports and imports. In Southeast Asia propylene is mainly produced from refineries as their byproduct through steam cracking. New on purpose technologies such as propane dehydrogenation is emerging currently in the region which converts propane to propylene.
The report also focuses on changing trends of propylene production, demand, pricing, exports and imports with respect to decline in crude oil prices.
The report also includes overview of major companies in Southeast Asia region such as
HMC Polymers Co Ltd,
IRPC Public Company Limited,
Petrochemical Corporation of Singapore (Private) Limited,
Petroliam Nasional Berhad (Petronas),
PT Chandra Asri Petrochemical Tbk,
SCG Chemicals and others.
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