1,3-Piperlene, also known as piperylene, is a colorless liquid hydrocarbon with the chemical formula C₅H₈. It is primarily produced as a byproduct during the separation process of crude C₅ materials from pyrolysis gasoline, which are by-products of ethylene manufacturing derived from crude oil. This compound serves as a crucial raw material in the production of resins, synthetic rubber, and specialty chemicals, playing a vital role in various industries. citeturn0search4
The global 1,3-piperlene market has been experiencing significant growth, driven by its versatile applications. In 2024, the market size was valued at approximately USD 0.97 billion and is projected to reach USD 1.56 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. citeturn0search4
1,3-Piperlene finds extensive use across several sectors due to its chemical properties:
Adhesives and Sealants: Used in manufacturing adhesives for packaging, construction, and automotive applications.
Resins and Coatings: Serves as a feedstock for producing resins used in paints and coatings, offering durability and resistance to environmental factors.
Synthetic Rubber: Acts as a monomer in the production of synthetic rubber, which is essential for tire manufacturing and other rubber products.
Plastics: Utilized in producing various plastic modifiers, enhancing the properties of plastic materials.
The demand for 1,3-piperlene varies across regions, influenced by industrial activities:
Asia-Pacific: Dominates the market, attributed to rapid industrialization and the presence of major manufacturing hubs in countries like China and India. The region's market growth is further propelled by the increasing demand for automotive and manufacturing products. citeturn0search2
North America: Exhibits significant growth, driven by advancements in manufacturing processes and a strong presence of key market players. citeturn0search1
Europe: Holds a notable share, with applications in automotive and construction sectors contributing to market expansion. citeturn0search2
Several prominent companies are actively contributing to the development of the 1,3-piperlene market:
Shell Chemicals: Engages in the production and distribution of 1,3-piperlene, catering to various industrial applications. citeturn0search2
China Petrochemical Corporation: A major player in the chemical industry, involved in the manufacturing of 1,3-piperlene and its derivatives. citeturn0search1
LyondellBasell Industries N.V.: Offers 1,3-piperlene as part of its extensive chemical product portfolio, serving diverse markets. citeturn0search2
Mitsui & Co.: Participates in the production and supply of 1,3-piperlene, supporting global demand. citeturn0search2
Shandong Yuhuang Chemical: Engages in the manufacturing of 1,3-piperlene, catering to various industrial sectors. citeturn0search2
While the market presents growth prospects, it also faces challenges:
Challenges: Fluctuations in feedstock prices and stringent environmental regulations pose challenges to market growth. citeturn0search1
Opportunities: Advancements in manufacturing and separation processes, along with investments in infrastructure development, offer avenues for market expansion. citeturn0search1
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What are the Type driving the growth of the 1,3-Piperlene Market?
Growing demand for below Type around the world has had a direct impact on the growth of the 1,3-Piperlene Market:
Purity ≥ 98%, Purity ≥ 99%
What are the Applications of 1,3-Piperlene Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest 1,3-Piperlene Market share In 2024.
Adhesive, Resin, Ink, Rubber, Other
Who is the largest Manufacturers of 1,3-Piperlene Market worldwide?
Formosa Chemical, Zeon Corporation, LOTTE Chemical, Eastman, Mitsui, Shell, LyondellBasell, Braskem, YNCC, Ningbo Jinhai Chenguang Chemical, Sinopec Shanghal Petrochemical, Henghe (Nanjing)Materials & Science Technology, Shandong Yuhuang Chemical, Zhejiang Petrochemical, Ecisco
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Which regions are leading the 1,3-Piperlene Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1,3-Piperlene is a chemical compound used in the production of plastics, resins, and synthetic rubber.
Major applications of 1,3-Piperlene include the production of adhesives, coatings, and elastomers.
The growth of end-user industries such as automotive, construction, and packaging is driving the demand for 1,3-Piperlene.
Regulatory restrictions and volatility in raw material prices are some of the key challenges faced by the 1,3-Piperlene market.
North America, Europe, and Asia Pacific are the major consumers of 1,3-Piperlene.
Companies such as Chevron Phillips Chemical Company, SABIC, and LyondellBasell Industries are some of the leading players in the 1,3-Piperlene market.
The global 1,3-Piperlene market was valued at $XX billion in 2020.
The 1,3-Piperlene market is expected to grow at a CAGR of X% from 2020 to 2025.
The use of 1,3-Piperlene in green technologies and the development of bio-based 1,3-Piperlene are some of the key trends in the market.
The market share of adhesives is XX%, coatings is XX%, and elastomers is XX%.
Trade regulations such as tariffs and quotas have an impact on the 1,3-Piperlene market.
Environmental regulations related to emission control and waste management impact the 1,3-Piperlene market.
Opportunities for investment in the 1,3-Piperlene market include expansion in emerging markets and research and development of new applications.
The price of 1,3-Piperlene has shown a consistent increase/decrease/stability in the past five years.
The COVID-19 pandemic has led to a decline/increase in the demand for 1,3-Piperlene due to disruptions in supply chains and fluctuations in end-user industries.
Substitutes for 1,3-Piperlene include X, Y, and Z.
Technological advancements in the production of 1,3-Piperlene include new catalysts and process optimization.
The raw materials used in the production of 1,3-Piperlene include A, B, and C.
The future prospects for the 1,3-Piperlene market are promising due to the increasing demand for sustainable and high-performance materials.
Factors such as raw material costs, production capacity, and market demand influence the pricing of 1,3-Piperlene.
1. Introduction of the 1,3-Piperlene Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. 1,3-Piperlene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. 1,3-Piperlene Market, By Product
6. 1,3-Piperlene Market, By Application
7. 1,3-Piperlene Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. 1,3-Piperlene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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