Global Propane Dehydrogenation (PDH) to Propylene Market Comprehensive Analysis and Forecast 2024 to 2030

Global Propane Dehydrogenation (PDH) to Propylene Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The Global Propane Dehydrogenation (PDH) to Propylene Market size is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2024-30. The Global Propane Dehydrogenation (PDH) to Propylene Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Global Propane Dehydrogenation (PDH) to Propylene Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Global Propane Dehydrogenation (PDH) to Propylene Market drivers, barriers, Global Propane Dehydrogenation (PDH) to Propylene Market Trends, and Key Players in Global Propane Dehydrogenation (PDH) to Propylene Market.

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Global Propane Dehydrogenation (PDH) to Propylene Market Dynamics: 2024-2030

Global Propane Dehydrogenation (PDH) to Propylene Market Challenge:

High Capital Investment Hinders Market Growth & Development – The requirement of high capital investment due to factors such as the complex infrastructure of the PDH plants that comprise reactors, catalysts, separation units, etc., has been limiting the adoption of PDH technology by small-scale enterprises. The components, like compressors, reactors, etc., that are required in the plants to work with the PDH solutions are relatively more expensive than the traditional production method. As a result, small-scale industries have been preferring conventional methods in place of PDH technology to produce propylene, thus restraining market growth.

In addition, PDH units are large-scale manufacturing units, requiring remarkably substantial investments for the construction & installation of the right components. Thus, small-scale enterprises have preferred the most cost-effective solution and generally opted for the traditional process. Additionally, the energy consumption by the PDH units is also quite high, since the propylene production process requires a high amount of heat and electricity. Hence, the requirement for large-scale energy infrastructure also posed an issue for small-scale enterprises to adopt PDH technology, which has been hindering market growth.

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Global Propane Dehydrogenation (PDH) to Propylene Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Technology

-CATOFIN -  Market Size & Forecast 2019-2030, (USD Million)

-UOP Oleflex- Market Size & Forecast 2019-2030, (USD Million)

-Fluidized Catalytic Dehydrogenation (FCDh)- Market Size & Forecast 2019-2030, (USD Million)

-Steam Active Reforming (STAR)- Market Size & Forecast 2019-2030, (USD Million)

-Fluidized Bed Technology (K-Pro)- Market Size & Forecast 2019-2030, (USD Million)

By End-User

-Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)

-Large-scale PDH Plants (>0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)

By Region

-North America

-Europe

-The Middle East & Africa

-Asia-Pacific.

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Top Companies Operating in the Global Propane Dehydrogenation (PDH) to Propylene Market:

LyondellBasell Industries Holdings B.V., INEOS Group Limited, Dow Chemical Company, Borealis AG, Formosa Plastics Corporation, Jinneng Science and Technology Co. Ltd., KBR Inc., GAIL Limited, Hyosung Chemical, Lummus Technology LLC, Ascend Performance Materials, Shanghai Huayi (Group) Company, Enterprise Products Partners L.P., Oriental Energy Co. Ltd., PJSC SIBUR Holding, and others.

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