The global piperylene market is expected to grow at a CAGR of about 6% during the forecasted period. Piperylene, also known as 1,3-pentadiene, is an organic compound consisting of five carbon chains with two double bonds. Piperylene is produced during the separation process of crude C5 from pyrolysis gasoline. In simple terms, it is derived from crude oil via several separation processes. Piperylene is mainly used as a catalyst for plastic production, resin production, and adhesive production.
Some of the leading players in the global Piperylene market:
- Sinopecs
- Formosa Chemical
- Zeon Corporation
- LOTTE Chemical
- Eastman
- LyondellBasell
- Mitsui
- Shell
- Ningbo Jinhai Chenguang Chemical
- Braskem
- Shandong Yuhuang Chemical
- YNCC
- Nanjing Yuangang
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The driving factors of the Piperylene market include the rise of plastic and resin industries in addition to the increasing demand for end-products manufacturing such as parcel tapes and diaper fastenings. Piperylene is also used in making rubber traffic equipment and road making paints, hot melting, and pressure-sensitive applications. On the downside, Piperylene is a highly volatile and flammable compound and has an unpleasant smell. It is also moderately toxic and can harm the biotic life. These are key restraints of Piperylene market.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Piperylene market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Piperylene market?
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Piperylene Market Segmentation:
Type Outlook:
- ?40% Purity
- 40% -65% Purity
- ?65% Purity
Application Outlook:
- Adhesives,
- paints
- Rubber and Others
Key Regional Markets Covered in the Report:
- North America (USA, Canada, Mexico)
- Europe (Italy, UK, Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
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