Global Propylene Oxide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Propylene Oxide Market Overview

"The Propylene Oxide Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Propylene oxide is an organic, volatile, flammable, colourless liquid compound, similar to ether or benzene, which is soluble in ether and alcohol. It is extensively used as an intermediate for production numerous commercial materials such as polyether polyols, propylene glycol, and propylene glycol ethers. It is also used in the manufacturing of rigid foams, injection moldings, adhesives, coatings, surfactants and others.

Amplified usage of polyurethanes in various end-use applications such as bedding, carpet underlay automotive insulation, thermal insulation in the construction industry, packaging, commercial refrigeration, moldings in door frames, columns, balusters, window headers, pediments and others.

This is one of the key factor expected to boost growth of the global propylene oxide market. Rising demand for propylene oxide in production of sealants, adhesives, flexible foams, paints, and coatings is another factor expected to drive growth of the global propylene oxide market over forecast period.

However, health hazards caused due to prolonged exposure contact leading to skin lead is a major factor restraining growth of the global propylene oxide market. Volatility in raw material prices and emergence of low priced substitutes such as alkylene carbonate are other factors expected to hamper growth of the global propylene oxide market over forecast period.

Nonetheless, increased investments by major players in developing environmentally friendly techniques to manufacture propylene oxide is expected to be a potential opportunity to grow the global propylene oxide market.

The global propylene oxide market report has been segmented based on application, process, end-use industry, and region. On the basis of region, global propylene oxide market is segmented in to North America, Europe, Asia Pacific, Latin America, And Middle East & Africa.

Asia Pacific accounted for the largest share in terms of revenue in the global propylene oxide market and expected to remain dominant over forecast period, owing to easy availability of raw materials coupled with tremendous growth of end-use industries including automotive, construction, and adhesives. Europe accounted for second-highest share in terms of revenue, in the global propylene oxide market followed by North America. The growth of propylene oxide market in Europe is attributed to the presence of key regional players.

Global Propylene Oxide Market Segmentation:

Global propylene oxide market segmentation by application:

• Polyether Polyols
• Propylene Glycol
• Glycol Ethers
• Others

Global propylene oxide market segmentation by process:

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

Global propylene oxide market segmentation by end-use industry:

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

Global propylene oxide market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa