Global Propane Dehydrogenation (PDH) to Propylene Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The Global Propane Dehydrogenation (PDH) to Propylene Market size is estimated to grow at a CAGR of around 9.20% during the forecast period, i.e., 2024-30.

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Global Propane Dehydrogenation (PDH) to Propylene Market Dynamics: 2024-2030

Global Propane Dehydrogenation (PDH) to Propylene Market Challenge:

High Capital Investment Hinders Market Growth & Development – The requirement of high capital investment due to factors such as the complex infrastructure of the PDH plants that comprise reactors, catalysts, separation units, etc., has been limiting the adoption of PDH technology by small-scale enterprises. The components, like compressors, reactors, etc., that are required in the plants to work with the PDH solutions are relatively more expensive than the traditional production method. As a result, small-scale industries have been preferring conventional methods in place of PDH technology to produce propylene, thus restraining market growth.

In addition, PDH units are large-scale manufacturing units, requiring remarkably substantial investments for the construction & installation of the right components. Thus, small-scale enterprises have preferred the most cost-effective solution and generally opted for the traditional process. Additionally, the energy consumption by the PDH units is also quite high, since the propylene production process requires a high amount of heat and electricity. Hence, the requirement for large-scale energy infrastructure also posed an issue for small-scale enterprises to adopt PDH technology, which has been hindering market growth.

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Global Propane Dehydrogenation (PDH) to Propylene Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Technology

-CATOFIN -  Market Size & Forecast 2019-2030, (USD Million)

-UOP Oleflex- Market Size & Forecast 2019-2030, (USD Million)

-Fluidized Catalytic Dehydrogenation (FCDh)- Market Size & Forecast 2019-2030, (USD Million)

-Steam Active Reforming (STAR)- Market Size & Forecast 2019-2030, (USD Million)

-Fluidized Bed Technology (K-Pro)- Market Size & Forecast 2019-2030, (USD Million)

Of them all, the CATOFIN technology has a long-standing track record of having the highest market share due to successful commercial operations.

By End-User

-Small & Medium-scale PDH Plants (0.1-0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)

-Large-scale PDH Plants (>0.6 metric tons per year)- Market Size & Forecast 2019-2030, (USD Million)

By Region

-North America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Among all of them, Middle Eastern & African countries like Saudi Arabia, Qatar, etc.

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Top Companies Operating in the Global Propane Dehydrogenation (PDH) to Propylene Market:

-KBR Inc.

-Ascend Performance Materials

-Oriental Energy Co. Ltd.

-Enterprise Products Partners L.P.

-Shanghai Huayi (Group) Company

-Lummus Technology LLC

-PJSC SIBUR Holding

-Hyosung Chemical

-GAIL Limited

-Jinneng Science and Technology Company Limited.

Industry Recent Development:

• In 2023, Lummus Technology was selected by Alujain National Industrial Co., based in Saudi Arabia, to provide C3 CATOFIN propane dehydrogenation (PDH) technology for their new propylene plant in Yanbu, Saudi Arabia.
• In 2022, Lummus Technology, in partnership with Clariant, a specialty chemical manufacturer, announced the successful operation of the CATOFIN PDH unit in China to fulfill the requirement for on-purpose propylene.

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