Global Propylene Oxide Market Projected to Reach USD 22 Billion by 2026

27-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Propylene Oxide Market By Application (Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others) By Type Of Production Process (Styrene Monomer, Cumene-based, Chlorohydrin, Hydrogen Peroxide, TBA Co-Product) and End-Use(Automotive, Building & Construction,  Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Propylene Oxide market in 2019 was approximately USD 15 Billion. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 22 Billion by 2026.

Propylene oxide is an organic, volatile compound used as a chemical intermediate in the manufacture of industrial and commercial products, which includes propylene glycols, polyethylene polyols, and propylene glycol ethers. Propylene oxide is a highly reactive compound used as an intermediate in the manufacture of a wide range of industrial materials. It reacts readily with hydrogen-containing compounds such as alcohols, amines, and acids. Propylene oxide is therefore used worldwide to manufacture such versatile items as propylene glycols, polyether polyols, and propylene glycol ethers.

Browse the full “Propylene Oxide Market By Application (Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others) By Type Of Production Process (Styrene Monomer, Cumene-based, Chlorohydrin, Hydrogen Peroxide, TBA Co-Product) and End-Use(Automotive, Building & Construction,  Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/propylene-oxide-market-propylene-glycol-polyether-polyols-process-983

The demand for Propylene Oxide is various industries like footwear, construction, packaging, automotive, and furniture is expected to surge its demand in the coming period. Polyurethanes manufactured from Propylene Oxide are in great demand due to its multiple characteristics like density, hardness, and rigidity. Polyurethanes are heavily used in the furniture industry and interior goods due to the rise in industrialization. Propylene Oxide is used as a raw material for manufacturing polyester that is then used to manufacture paints, insulators, and solvents. However, there are alternatives that are emerging recently for Propylene Oxide which are inhibiting the growth of the Propylene Oxide market. Hazardous effects on living things and the environment due to Chlorohydrin Process is hindering the growth of the market. Nevertheless, the increasing spending on infrastructure in the emerging economies of the Asia Pacific region is likely to provide good opportunities for the Propylene Oxide market in the forecast period.

The market of the Propylene Oxide market is segmented on the basis of application, production process, and end-user. As per the application analysis, the market for polyether polyols is expected to drive the market owing to the amplifies demand from the polyurethane industry as it is widely used in multiple industries. As per the process application, the propylene oxide market is divided into Chlorohydrin Process is expected to dominate the market as it is majorly used as a feedstock agent and is in high demand owing to its minimum processing cost. As per the end-user analysis, the market for Building & Construction industry is expected to use Propylene Oxide on a large scale as it is used in multiple products that are used in the construction industry such as adhesives, coatings, sealants, and elastomers.

As per the regional analysis, the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Globally, the Asia Pacific region is expected to dominate the market in the forecast period owing to the vigorous growth in the construction sector and increasing demand for automobiles. The growing population among these emerging economies with their growing disposable income and rapid industrialization are anticipated to drive the propylene oxide market.

Report Scope

The major key players involved in the Propylene Oxide Market are as follows:

• The Dow Chemicals
• SK Chemicals
• Royal Dutch
• Shell
• Sumitomo Chemical Co Ltd
• BASF SE

This report segments the Propylene Oxide market as follows:

Global Propylene Oxide Market: By Application Segmentation Analysis

• Polyether Polyols
• Propylene Glycol
• Glycol Ethers
• Others

Global Propylene Oxide Market: By Production Process Segmentation Analysis

• Chlorohydrin Process
• Styrene Monomer Process
• Hydrogen Peroxide Process
• TBA Co-Product Process
• Cumene-based Process

Global Propylene Oxide Market: By End User Segmentation Analysis

• Automotive
• Building & Construction
• Textile & Furnishing
• Chemical & Pharmaceutical
• Packaging
• Electronics
• Others

Global Propylene Oxide Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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