Market overview
The global propylene market is worth USD 116 bn in 2026 and is forecast to reach USD 172 bn by 2036, growing at a 4.0% CAGR. China is the largest country market and Steam crackers is the largest by source segment.
| Scope | Propylene from steam crackers, refinery FCC units, propane dehydrogenation and coal or methanol-to-olefins, sold to polypropylene, acrylonitrile, propylene oxide and oxo-alcohol producers. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 112 bn |
| Value 2026 | USD 116 bn |
| Value 2036 | USD 172 bn |
| CAGR 2026-2036 | 4.0% |
| Volume 2026 | 128 million tonnes |
| Volume 2036 | 175 million tonnes |
| Average price 2026 | USD 903 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Propylene market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 116 bn |
| 2027 | USD 121 bn |
| 2028 | USD 125 bn |
| 2029 | USD 130 bn |
| 2030 | USD 136 bn |
| 2031 | USD 141 bn |
| 2032 | USD 147 bn |
| 2033 | USD 153 bn |
| 2034 | USD 159 bn |
| 2035 | USD 165 bn |
| 2036 | USD 172 bn |
Propylene market segmentation
By source
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Steam crackers | 45.0% | 39.4% | USD 52.2 bn | 2.6% |
| Refinery FCC | 26.0% | 22.1% | USD 30.1 bn | 2.3% |
| Propane dehydrogenation | 17.0% | 25.5% | USD 19.7 bn | 8.3% |
| Coal and methanol-to-olefins and others | 12.0% | 13.0% | USD 13.9 bn | 4.8% |
By derivative
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Polypropylene | 66.0% | 66.1% | USD 76.5 bn | 4.0% |
| Acrylonitrile | 7.0% | 6.4% | USD 8.1 bn | 3.0% |
| Propylene oxide | 8.0% | 8.4% | USD 9.3 bn | 4.5% |
| Oxo-alcohols and acrylic acid | 10.0% | 10.5% | USD 11.6 bn | 4.5% |
| Cumene and others | 9.0% | 8.6% | USD 10.4 bn | 3.5% |
By grade
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Polymer grade | 71.0% | 72.0% | USD 82.3 bn | 4.2% |
| Chemical grade | 24.0% | 23.0% | USD 27.8 bn | 3.6% |
| Refinery grade | 5.0% | 5.0% | USD 5.8 bn | 4.0% |
By end use industry
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Packaging | 29.0% | 29.0% | USD 33.6 bn | 4.0% |
| Automotive | 16.0% | 15.0% | USD 18.5 bn | 3.3% |
| Building and construction | 13.0% | 13.0% | USD 15.1 bn | 4.0% |
| Textiles and fibres | 11.0% | 10.0% | USD 12.8 bn | 3.0% |
| Consumer goods and electronics | 13.0% | 14.0% | USD 15.1 bn | 4.8% |
| Other industries | 18.0% | 19.0% | USD 20.9 bn | 4.6% |
By supply mode
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Captive and integrated use | 54.0% | 51.0% | USD 62.6 bn | 3.4% |
| Merchant by pipeline | 26.0% | 26.0% | USD 30.1 bn | 4.0% |
| Merchant by ship, rail and truck | 20.0% | 23.0% | USD 23.2 bn | 5.5% |
Top 25 countries for propylene by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 77.2% of 2026 revenue and the 25 countries below together hold 95.0%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 46.4 bn | 40.0% | USD 73.8 bn | 4.8% |
| 2 | United States | USD 13.9 bn | 12.0% | USD 18.2 bn | 2.7% |
| 3 | Saudi Arabia | USD 4.6 bn | 4.0% | USD 7.2 bn | 4.5% |
| 4 | South Korea | USD 4.6 bn | 4.0% | USD 5.8 bn | 2.3% |
| 5 | India | USD 4.6 bn | 4.0% | USD 9.4 bn | 7.4% |
| 6 | Japan | USD 4.1 bn | 3.5% | USD 4.3 bn | 0.6% |
| 7 | Germany | USD 3.5 bn | 3.0% | USD 3.8 bn | 0.8% |
| 8 | Russia | USD 2.9 bn | 2.5% | USD 3.8 bn | 2.7% |
| 9 | Thailand | USD 2.6 bn | 2.2% | USD 3.8 bn | 4.0% |
| 10 | Netherlands | USD 2.3 bn | 2.0% | USD 2.6 bn | 1.1% |
| 11 | Taiwan | USD 2.2 bn | 1.9% | USD 3.3 bn | 4.0% |
| 12 | Brazil | USD 2.2 bn | 1.9% | USD 3.3 bn | 4.0% |
| 13 | France | USD 2.2 bn | 1.9% | USD 3.1 bn | 3.2% |
| 14 | Belgium | USD 2.2 bn | 1.9% | USD 3.1 bn | 3.2% |
| 15 | Malaysia | USD 2.1 bn | 1.8% | USD 3.3 bn | 4.6% |
| 16 | Singapore | USD 1.8 bn | 1.5% | USD 2.6 bn | 3.9% |
| 17 | Canada | USD 1.5 bn | 1.3% | USD 2.2 bn | 4.0% |
| 18 | Italy | USD 1.3 bn | 1.1% | USD 1.8 bn | 3.1% |
| 19 | Turkey | USD 1.1 bn | 0.9% | USD 1.7 bn | 4.7% |
| 20 | Spain | USD 927 mn | 0.8% | USD 1.3 bn | 3.2% |
| 21 | Iran | USD 788 mn | 0.7% | USD 1.2 bn | 4.6% |
| 22 | Mexico | USD 672 mn | 0.6% | USD 995 mn | 4.0% |
| 23 | Indonesia | USD 568 mn | 0.5% | USD 892 mn | 4.6% |
| 24 | Vietnam | USD 487 mn | 0.4% | USD 755 mn | 4.5% |
| 25 | United Arab Emirates | USD 417 mn | 0.4% | USD 652 mn | 4.6% |
| Rest of world | USD 5.8 bn | 5.0% | USD 8.8 bn | 4.2% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Sinopec
- LyondellBasell
- ExxonMobil Chemical
- SABIC
- TotalEnergies
- Dow
- PetroChina
- Reliance Industries
Group 2: Regional and specialist players
- Enterprise Products Partners
- INEOS
- Wanhua Chemical
- Shell Chemicals
- LG Chem
- Braskem
- Lotte Chemical
- PTT Global Chemical
Group 3: Emerging and niche players
- Borouge
- Satellite Chemical
- Oriental Energy
- Advanced Petrochemical Company
- Baofeng Energy
- Shaanxi Yanchang Petroleum
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the propylene market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.0% is calculated from the resulting values.
The market is divided by source, by derivative, by grade, by end use industry, by supply mode. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the propylene market?
The global propylene market is estimated at USD 112 bn in 2025 and USD 116 bn in 2026.
How fast will the propylene market grow?
It is forecast to reach USD 172 bn by 2036, a compound annual growth rate of 4.0% from 2026, an increase of USD 55.7 bn.
Which country is the largest market for propylene?
China is the largest market by revenue at USD 46.4 bn in 2026, 40.0% of the global total. The three largest countries together hold 56.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 7.4% a year from 2026 to 2036.
Which propylene segment is largest?
In the by source split, Steam crackers is the largest segment with 45.0% of 2026 revenue.
Who are the leading propylene companies?
Global leaders include Sinopec, LyondellBasell, ExxonMobil Chemical, SABIC.
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