Southeast Asia Propylene Market - Forecast(2020 - 2025)
Propylene is one of the major building blocks of the petrochemical industry. It is also known as propene. Propylene is typically obtained via two main routes one of them is as a co-product of the refinery catalytic cracking process used to make gasoline other one is as a co-product of the steam cracking process used to make ethylene. A variety of techniques may be used for preparing propylene directly from other feedstock. The most common of these on-purpose process routes are propane dehydrogenation and metathesis. Crude oil prices determine the propylene market in Southeast Asia 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. Propylene is mainly produced from refineries as their byproduct through steam cracking in Southeast Asia. New on purpose technologies such as propane dehydrogenation which converts propane to propylene...