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Propylene oxide (CH₃CHCH₂O) is an organic compound. It is a colorless volatile liquid and produced on a large scale as it is an intermediate for the production of various commercial materials like polyether polyols which are used to make polyurethane plastics.
According to Researcher, the global propylene oxide market is expected to witness a moderate growth rate during the forecast period. The major factors responsible for the growth of the global propylene oxide market is the increasing demand for polyurethane plastics for various end-use applications such as packaging. However, health hazards caused by continuous exposure to propylene oxide and government regulations act as the restrain for the propylene oxide market. But many companies are investing in new technologies to develop environmentally friendly chemicals so this will be a potential driver for the propylene oxide market.
Asia-Pacific region is expected to be the largest market for global propylene oxide due to low manufacturing cost coupled with many end-user industries like automotive, packaging, construction, pharmaceuticals, textiles among others. India, China are likely to witness significant growth in the forecast period in this region. Europe accounts for the second-largest share for global propylene oxide followed by North America.
In terms of end-users, the construction industry is likely to dominate the market as propylene oxide is used for polyurethane products, coatings, adhesives, elastomers, etc. that is a vital segment in the construction industry.
The global propylene oxide market is highly fragmented.
Henkel (German chemical and consumer goods company) North America,joined the US Plastics pact on August 25, 2020. Henkel is committed to developing intelligent packaging for the benefit of people and the planet. They have their own comprehensive commitments to develop solutions that minimize and manage plastic waste.
Global Propylene Oxide Market report provides deep insight into the current and future state of the Propylene Oxide market across various regions. The study comprehensively analyzes the Propylene Oxide market by segmenting based on Production Process (Hydrogen Peroxide process, Chlorohydrin process, Styrene Monomer process, Cumene-based process, TBA Co-product process), Application (Propylene Glycol, Polyether Polyols, Glycol ethers, and Other Applications), end-user industries (Automotive, Chemical and pharmaceutical, packaging, building and construction, textiles, and other end-user industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
According to Researcher, the global propylene oxide market is expected to witness a moderate growth rate during the forecast period. The major factors responsible for the growth of the global propylene oxide market is the increasing demand for polyurethane plastics for various end-use applications such as packaging. However, health hazards caused by continuous exposure to propylene oxide and government regulations act as the restrain for the propylene oxide market. But many companies are investing in new technologies to develop environmentally friendly chemicals so this will be a potential driver for the propylene oxide market.
Asia-Pacific region is expected to be the largest market for global propylene oxide due to low manufacturing cost coupled with many end-user industries like automotive, packaging, construction, pharmaceuticals, textiles among others. India, China are likely to witness significant growth in the forecast period in this region. Europe accounts for the second-largest share for global propylene oxide followed by North America.
In terms of end-users, the construction industry is likely to dominate the market as propylene oxide is used for polyurethane products, coatings, adhesives, elastomers, etc. that is a vital segment in the construction industry.
The global propylene oxide market is highly fragmented.
Major players
in the market were found to be BASF SE, The Dow Chemical Company, Huntsman Corporation, Sumitomo Chemical Company, LyondellBasell Industries N.V., among others.Henkel (German chemical and consumer goods company) North America,joined the US Plastics pact on August 25, 2020. Henkel is committed to developing intelligent packaging for the benefit of people and the planet. They have their own comprehensive commitments to develop solutions that minimize and manage plastic waste.
Global Propylene Oxide Market report provides deep insight into the current and future state of the Propylene Oxide market across various regions. The study comprehensively analyzes the Propylene Oxide market by segmenting based on Production Process (Hydrogen Peroxide process, Chlorohydrin process, Styrene Monomer process, Cumene-based process, TBA Co-product process), Application (Propylene Glycol, Polyether Polyols, Glycol ethers, and Other Applications), end-user industries (Automotive, Chemical and pharmaceutical, packaging, building and construction, textiles, and other end-user industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
