Piperylene Market Research Report, Regulatory Framework &...

Piperylene Market Research Report, Regulatory Framework & Strategic Partnerships

Gönderildi 2024-03-11 06:51:45

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Piperylene Market Overview:

The global 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 colorless liquid with a pungent odor. It is primarily extracted from the C5 fraction of naphtha cracking, a byproduct 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 analyze 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: