A report by Transparency Market Research (TMR) states that the spike in the production of automobiles is likely to create a mammoth demand for global ethylene propylene diene monomer (EPDM) market, a synthetic rubber, in the near future. The increasing pressure amongst automobile manufacturers to improve the efficiency of vehicles has been the driving force behind the uptake of EPDM. Thus, several components such as ... Read more
The global Propylene Market is estimated to be valued at US$ 3.9 billion in 2021 and is expected to exhibit a CAGR of 5.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Propylene is a flammable gas that is used in the production of various industrial products. It is a byproduct of petroleum refining and is commonly used in the manufacturing of plastics, fibers, and ... Read more
Petrochemicals are chemical products obtained from petroleum and natural gas. They serve as chemical building blocks and raw materials used for making a wide range of plastic and other polymer products. Some of the most common petrochemicals include ethylene, propylene, butadiene, benzene, toluene, xylene and styrene. This article will focus on two petrochemicals - ethylene and propylene which are among the most widely used petrochemicals globally.
