Overview - Propylene Tetramer (四聚丙烯) is an organic compound with the chemical formula C12H18, primarily used in the production of various chemical products such as acrylonitrile-butadiene-styrene (ABS) and butadiene rubber [1] Market Demand and Growth - The demand for propylene tetramer is expected to grow steadily, with a projected demand of 176,500 tons and a market size of 5.334 billion yuan in 2024 [1] - High-performance propylene tetramer is expected to account for approximately 33.43% of the market, while general-purpose propylene tetramer will make up about 66.57% [1] Industry Applications - High-performance propylene tetramer is widely used in aerospace and high-end electronics due to its excellent chemical resistance and molecular weight distribution [2] - General-purpose propylene tetramer is utilized in surfactants and daily consumer products, benefiting from good flexibility, processing performance, and cost advantages [2] Technological Development - The number of patent applications related to propylene tetramer in China reached a peak of 11 in 2023, indicating a significant increase in technological advancements [4] - Companies are investing in research and development to improve product quality, reduce production costs, and minimize environmental pollution [4] Industry Chain - The upstream of the propylene tetramer industry includes suppliers of raw materials such as propylene and catalysts, while the midstream consists of production companies [6] - The downstream market primarily uses propylene tetramer for synthesizing various products, with the largest consumption being for the production of 24-carbon alkenes, accounting for 21.98% of usage in 2024 [7] Competitive Landscape - The propylene tetramer industry in China has relatively few participants, leading to a more relaxed market competition [9] - Key players include Hebei Xinxinyuan Energy Co., Ltd., Guangdong Renkangda Material Technology Co., Ltd., and others, with many companies primarily using their production for internal purposes rather than external sales [9] Future Trends - Companies are expected to increase R&D investments to develop high-value-added products to meet the demands of high-end manufacturing [13] - Environmental policies are becoming increasingly influential, prompting companies to enhance their environmental facilities and improve production processes to comply with regulations [13]