The growth rate of production capacity has slowed down significantly

Global propylene market: The growth rate of production capacity has slowed down significantly

In recent years, the scale of the global propylene market has been increasing year by year. 

In 2019, the scale of the global propylene market has reached 765.9 billion yuan, an increase of 9.7% over the previous year.

With the expansion of the propylene market and the significant increase in demand in recent years, 

the problems of high ethylene yield and low propylene yield in the traditional propylene production process need to be solved. 

After the raw materials are lightened, the PDH process has gradually emerged, which is a good solution. 

To solve this problem, PDH has contributed an important part of the global propylene increment in recent years.

In terms of global production capacity, in 2019, the propylene production capacity was 107,797 thousand tons, and the production capacity growth rate was 1.5%, 

which was lower than 2.8% in 2018 and 3.8% lower than the CAGR in the past ten years. The production capacity growth rate has been in a downward channel.