Piperylene Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Piperylene Market

Piperylene, also known as 1, 3 - Pentadiene, is a chemical raw material with the formula C5H8 and the molecular weight 68.12. It is produced as an ethylene derivative from crude oil, waste incineration, exhaust gases, and biomass combustion. Piperylene is a monomer used in the production of adhesives, resins, and plastics, and it has features such as lightweight, toughness, high mechanical strength, and resistance to radiation and corrosion. The growing usage of lightweight components in the aerospace and automotive industries is likely to drive the Piperylene Market over the forecast period.

Piperylene-based materials are used to make parcel tapes, diaper fasteners, envelops, building and construction materials, road markings, and other items. The expansion of end-use sectors such as automotive, manufacturing, and aerospace is likely to be a significant driver of the Piperylene Market. According to a Just-Auto analysis issued in August 2018, the global automobile sector is steadily rising, with worldwide sales of light cars increasing by 3.7 percent in 2018 over the previous year.

Piperylene is a highly flammable five-carbon-chain hydrocarbon with two double bonds. This organic chemical is produced as a byproduct of crude oil ethylene production, exhaust emissions, waste incineration, and biomass combustion. When discharged into the aquatic environment, it is a colourless liquid that adsorbs suspended particle matter (SPM). Piperylene is primarily used to make polymers, resins, and adhesives. Furthermore, due to their particular qualities that allow for usage in hot melting and pressure sensitive applications, Piperylene-based resins are employed in a variety of applications such as road marking paints and rubber traffic equipment.

Due to the region's developing automotive and industrial industries, Asia Pacific is expected to have the greatest revenue share in the worldwide Piperylene Market throughout the forecast period. According to an India Brand Equity Foundation (IBEF) report issued in October 2018, India's automotive sector was the fourth biggest in the world in 2017, accounting for 4.2 billion sales (excluding two-wheelers), a 9.5 percent growth over 2016.

Piperylene Market Applications-

·        Plastics

·        Adhesives

·        Resins

·        Others (Paints, Rubber, Epoxy Hardener, and Tackifier)

The Piperylene Market is expected to expand during the forecast period due to driving factors such as the expansion of the plastic and resin industries, as well as increased demand for the product in the manufacture of end goods such as parcel tapes and diaper fastenings. However, the substance is combustible and designated as hazardous, which limits the worldwide Piperylene Market's growth. Nonetheless, significant research and development are projected to highlight Piperylene Market potential possibilities throughout the projection decade.

Piperylene is an olefins co-product that is produced during the production process. It is primarily used to make hydrocarbon resins, which are utilised in a variety of industries such as adhesives, paints, and rubbers. Among these applications, the adhesives sector had the highest demand in 2017, accounting for more than 70% of the market. Many Piperylene producers have broad industrial chains that extend from upstream to downstream sectors. Piperylene is a highly volatile and combustible chemical molecule composed of a 5 carbon chain with 2 double bonds.

Major players operating in the global Piperylene Market include, Shell Chemicals, LOTTE Chemical Corporation, Chevron Phillips Chemical Company, ZEON Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Eastman Chemical Company, Shanghai Shangyi Chemical Technology Co., Ltd., and Nova Chemicals.

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