Global Propylene Oxide Market, By Production Process (Chlorohydrin Process, Ethylbenzene Hydroperoxide with Tert-Butyl Alcohol Co-Product, Cumene Hydroperoxide Process, Ethylbenzene Hydroperoxide with Styrene Co-Product and Epoxidation with Hydrogen Peroxide), Application (Polyether Polyols, Polyether Polyols Glycol Ethers and Others), End-Use Industry (Automotive, Building and Construction, Textile and Furnishing, Chemical and Pharmaceutical, Packaging, Electronics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the propylene oxide market will witness a CAGR of 5.95% for the forecast period of 2022-2029. Growth in the demand for propylene oxide especially in the developing economies like India and China, growing use of propylene oxide for a wide range of end user applications such as automotive, textile and furnishing, chemical and pharmaceutical, packaging, and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the propylene oxide market.
Propylene oxide is a compound similar to ether or benzene, which is soluble in alcohol/ ether. Propylene oxide is a colourless, volatile, inflammable and organic compound that is used for a wide range of industrial applications.
Rise in demand for propylene oxide by the buildings and construction industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for propylene oxide such as in the electrical and electronics industry and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising production rate of sealants, adhesives, flexible foams, paints, and coatings, rising expenditure for research and development proficiencies, surging investments by major players in emerging environmentally friendly techniques to manufacture propylene oxide, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies, health hazards caused due to prolonged exposure contact leading to skin diseases, emergence of low priced substitutes such as alkylene carbonate and strict global trade restrictions will dampen the market growth rate.
This propylene oxide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on propylene oxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Propylene Oxide Market Scope and Market Size
The propylene oxide market is segmented on the basis of production process, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of production process, the propylene oxide market is segmented into chlorohydrin process, ethylbenzene hydroperoxide with tert-butyl alcohol co-product, cumene hydroperoxide process, ethylbenzene hydroperoxide with styrene co-product, and epoxidation with hydrogen peroxide.
- On the basis of application, the propylene oxide market is segmented into polyether polyols, polyether polyols glycol ethers, and others.
- On the basis of end-use industry, the propylene oxide market is segmented into automotive, building and construction, textile and furnishing, chemical and pharmaceutical, packaging, electronics and others.
Propylene Oxide Market Country Level Analysis
The propylene oxide market is analysed and market size, volume information is provided by country, production process, application and end-use industry as referenced above.
The countries covered in the propylene oxide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the propylene oxide market owing to the increase in the research and development activities and increase in the demand from numerous end-user industries in this region. Asia-Pacific will continue to undergo substantial gains during the forecast period owing to the high economic growth in the emerging countries, surging urbanization and industrialization, growing industrialization, and abundant availability of raw materials.
The country section of the propylene oxide market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Propylene Oxide Market Share Analysis
The propylene oxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to propylene oxide market.
Some of the major players operating in the propylene oxide market report are DuPont., Dow, LyondellBasell Industries Holdings B.V., Shell group of companies, Huntsman International LLC., BASF SE, Sumitomo Chemical Co., Ltd., Tokuyama Corporation, PCC Rokita Spólka Akcyjna., PJSC "Nizhnekamskneftekhim"., Manali Petrochemicals Limited., Balchem Inc.,, INEOS, SABIC, Hanwha Group, SK chemicals, AGC Chemicals Americas, CSPC Pharmaceutical Group Limited, Air Products Inc., and Repsol among others.