Piperylene Market 2023 Global Market Outlook, Segmentation & Key Players
Piperylene Market Overview:
The Piperylene Market has witnessed notable growth in recent years, driven by its diverse
applications in the chemical and manufacturing sectors. Piperylene, a colorless
liquid hydrocarbon with a distinct odor, serves as a crucial raw material for
the production of various chemicals and synthetic rubber. Its versatility has
made it an indispensable component in the manufacturing of adhesives, resins,
and elastomers.
The Piperylene Market was valued at
USD 710.73 Million in 2022 and is estimated to reach over USD 1,155.17 Million
by 2031 and grow at a CAGR of 5.6% during the forecast period.
Key Players in the Piperylene Market
· Shell Chemicals
· China Petrochemical Corporation
· Sunny Industrial System GmbH
· LyondellBasell Industries N.V.
· Mitsui & Co.
· Shandong Yuhuang Chemical
· LOTTE Chemical
· Braschem
· Henghe (Nanjing)Materials &
Science Technology Co.,Ltd., and Zibo Luhua Hongjin New Material Group Co.,Ltd
Market Segmentation:
By Type
· Below 40% Purity
· 40%-65% Purity
· Above 65% Purity
By Application
· Synthetic Rubber
· Adhesives & Sealants
· Resins & Coatings
· Plastic Modifiers
· Others
By End-user Industry
· Automotive
· Construction
· Packaging
· Aerospace & Marine
· Consumer Goods
· Others
Click Here To Know About: Piperylene Market Size
Regional Analysis:
The regional
analysis of the Piperylene market reveals varying levels of demand and
production across different geographic regions. North America and Europe, with
their well-established automotive and manufacturing sectors, are significant
consumers of Piperylene, driven by the demand for synthetic rubber and adhesive
materials. The Asia-Pacific region, led by emerging economies like China and
India, represents a lucrative market due to the rapid expansion of the automotive
and construction industries. Latin America, the Middle East, and Africa also
show promise as growing markets, largely influenced by increased infrastructure
development and chemical manufacturing activities.
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