Global Propylene Oxide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global propylene oxide market in its upcoming report titled, “Global Propylene Oxide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global propylene oxide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global propylene oxide market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global propylene oxide market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global propylene oxide market report has been segmented on the basis of application, process, end-use industry, and region.
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 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 for the growth of the global propylene oxide market.
The global propylene oxide market report has been segmented on the basis of 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 presence of key players in the region.
Global Propylene Oxide Market Segmentation:
Global propylene oxide market segmentation by application:
- Polyether Polyols
- Propylene Glycol
- Glycol Ethers
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:
- Building & Construction
- Textile & Furnishing
- Chemical & Pharmaceutical
Global propylene oxide market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- The Dow Chemical Company
- LyondellBasell Industries N.V.
- Royal Dutch Shell plc
- Huntsman Corporation
- BASF SE
- Sumitomo Chemical Company
- Tokuyama Corporation
- PCC Rokita SA
- PJSC Nizhnekamskneftekhim
- Ineos Oxide Ltd.
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