Piperylene Market Overview:
The Piperylene Market was valued at USD 744.88 Million in 2023 and is projected to reach USD 1,155.17 Million by 2031, growing at a CAGR of 5.6%. Piperylene, also known as 1, 3-pentadiene, is a colourless liquid with a pungent odor. It is primarily extracted from the C5 fraction of naphtha cracking, a by-product of ethylene production.
Piperylene, a versatile organic compound derived from crude oil, is witnessing a steady rise in demand across various industries. Its unique properties make it a valuable ingredient in the production of plastics, resins, adhesives, and paints. This report delves into the Piperylene market, exploring its key drivers, restraints, opportunities, and recent developments. We also analyse the market segmentation and identify prominent players shaping the landscape.
Piperylene Market Drivers:
Surging demand for adhesives: Piperylene-based resins exhibit excellent hot-melt and pressure-sensitive properties, making them ideal for adhesives used in packaging, construction, and automotive industries.
Expanding construction sector: The booming construction industry, particularly in developing economies, fuels the demand for Piperylene in paints and coatings.
Growing awareness of sustainability: Piperylene can be derived from renewable sources like biomass, attracting environmentally conscious consumers and manufacturers.
Piperylene Market Key Players:
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.
Zibo Luhua Hongjin New Material Group Co. Ltd
Piperylene Market Segmentation:
By Type: Below 40% Purity, 40%-65% Purity, and Above 65% Purity
By Application: Synthetic Rubber, Adhesives & Sealants, Resins & Coatings, Plastic Modifiers, and Others
By End-user Industry: Automotive, Construction, Packaging, Aerospace & Marine, Consumer Goods, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
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