Propylene Oxide Market is expected to reach USD XX Billion by 2026 from USD 14.30 Billion in 2018 at a CAGR of XX %.
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Rising use of polyurethanes in sealants, thermal insulators, and flooring materials will drive market growth. Growing automotive sector in various countries including in China, Mexico, the U.S., and India is expected to increase market penetration over the projected period. Propylene oxide as a chemical intermediate to produce elastomers, adhesives, flexible and rigid foams, coatings, and injection moldings, which find wide applications in gasoline tanks, tub-shower combinations, and boat hulls. Rising consumption of the product in the production of substances including propylene glycols, polyalkylene glycols, and propylene glycol ethers will supplement market expansion. High consumption in defoamers, lubricants, oil-field chemicals, greases, wetting agents, latex paints, and water scavengers will augment industry-penetration.
Propylene oxide market based on production process has been segmented into chlorohydrin process, hydrogen peroxide process, styrene monomer process, TBA co-product process and cumene-based process. Chlorohydrin process is holds the major share of market and hydrogen peroxide process segment is expected to grow at a high CAGR during the forecast period.
Polyether polyol segment based on application is expected to grow at a high CAGR attributed to the increasing demand for polyurethane foams from several end-use industries, such as building & construction, automotive, textile & furnishing and packaging.
Geographically, the propylene oxide market based on North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be one of the largest markets for propylene oxide. Increasing demand for propylene oxide from the end-use industries, such as automotive, building & construction and textile & furnishing across countries such as China, Japan and India in this region.
Scope of the Report:
Propylene Oxide Market, by Production Process:
• Chlorohydrin Process
• Hydrogen Peroxide Process
• Styrene Monomer Process
• TBA Co-Product Process
• Cumene-based Process
Propylene Oxide Market, by Application:
• Polyether Polyols
• Propylene Glycol
• Glycol Ethers
• Others
Propylene Oxide Market, by End-use Industry:
• Automotive
• Textile & Furnishing
• Building & Construction
• Chemical & Pharmaceutical
• Packaging
• Electronics
• Others
Propylene Oxide Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Report:
• The Dow Chemical Company (US)
• LyondellBasell Industries (Netherlands)
• Royal Dutch Shell (Netherlands)
• Huntsman Corporation (US)
• BASF (Germany)
• Asahi Glass Company (Japan)
• Repsol, (Spain)
• Sumitomo Chemical Company (Japan)
• SKC Co. (South Korea)
• Tokuyama Corporation (Japan)
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