The Propylene Oxide Market Size was valued at USD 25.03 billion in 2023 and is expected to reach USD 38.42 billion by 2031 and grow at a CAGR of 5.5% over the forecast period 2024-2031. The hydrogen peroxide process is expected to dominate the market with the highest revenue share during the forecast period of 2024-2031 as it generates fewer co-products as compared to other production processes for propylene oxide. Propylene oxide is a chemical compound that comes in the form of a white liquid that is soluble in ether and alcohol. Propylene oxides are commonly used in the food sector to keep food fresh and prevent bacterial infections. It's also used to make commercial materials including stiff foams, injection moulds, adhesives, and coatings, among other things. The propylene oxide industry's overall expansion is being fueled by key end-user industries such as the automobile and furniture industries. The total growth of the propylene oxide sector is also influenced by the prospective qualities of polyurethanes such as stiffness, density, and hardness.
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Propylene oxide (C3H6O), commonly known as epoxypropane, is a synthetic cyclic ether that is mostly created via dehydrochlorination of propylene chlorohydrin or indirect oxidation of propylene. It's a clear, flammable liquid that's non-corrosive to metals and water and alcohol soluble. As a result, it's widely used in the automotive, electronics, textile, and furniture industries, as well as a chemical precursor. It's also used as a fumigant in soil and packaged food goods to prevent bacterial contamination and insect infestations. Apart from that, propylene oxide is used to sterilize medical equipment in small amounts.
Drivers:
Increasing demand for polyurethane foam
Rising demand for propylene glycol, a key derivative of propylene oxide
The expanding automotive sector
Restraint
Fluctuation in the raw material prices, particularly propylene
Toxicity associated with the propylene oxide
Propylene oxide is utilized in the manufacturing of propylene glycol, di-propylene glycol, and glycol ethers. Moreover, propylene oxide finds application in the fumigation of specific food items and medical instruments made from plastic. However, it is important to note that propylene oxide can have adverse effects on both humans and animals. Acute exposure to this chemical can lead to irritation in the eyes and respiratory tract. Even contact with diluted solutions can cause skin irritation and necrosis in humans. Furthermore, propylene oxide acts as a mild depressant for the central nervous system. In animals exposed to propylene oxide inhalation over a long period, inflammatory lesions have been observed in the nasal cavity, trachea, and lungs. Additionally, neurological effects have also been documented. Due to these harmful effects, the Environmental Protection Agency has classified propylene oxide as a Group B2, indicating it is a probable human carcinogen. Therefore, toxicity associated with propylene oxide hamper the growth of the market.
Opportunities
Rising demand for propylene oxide in the healthcare industry
Challenges
Availability of substitute product
Increasing adoption of bio-based feedstock for polyurethane foam than petroleum
The polyols used in the polyurethane foam production are derived from petroleum feedstocks. However, due to increasing concerns over their environmental impact and the projected scarcity of petroleum in the future, there has been a push to develop polyurethane foam from bio and renewable raw materials. This growing interest in renewable materials has resulted in the increased use of green and bio-based polyols in the production of polyurethane foam. Various vegetable oils, including castor oil, palm oil, soybean oil, rapeseed oil, canola oil, and tung oil, have been utilized in the production of polyurethane foam. The development of these new bio-based feedstocks for manufacturing polyurethanes presents a challenge to the growth of the propylene oxide market. As the demand for renewable and sustainable products continues to rise, the use of petroleum-derived polyols may decline. This shift towards bio-based alternatives not only addresses environmental concerns but also ensures a more sustainable future for the polyurethane foam industry.
Impact of Russia-Ukraine War:
In the first half of 2022, the global Propylene Oxide market was dominated by key players such as LyondellBasell, DOW Chemicals, BASF & Dow, and Shell. However, LyondellBasell emerged as the leading producer of Propylene Oxide worldwide during this period, accounting for approximately 20% of the total production. In terms of consumption, the Asia Pacific region took the lead as the largest consumer of Propylene Oxide in the first half of 2022. The market for Propylene Oxide experienced a bullish trend during this period, primarily driven by strong demand from various end-use industries. This surge in demand resulted in a significant increase in propylene oxide prices in the region. The rising consumption of Propylene Oxide for the production of polyurethane, which is widely used in the construction, automotive, and medical sectors across several Asian countries, also played a role in influencing the prices of the product. Additionally, the growing demand for propylene glycol in the manufacturing of glass fiber further contributed to the price rise of propylene oxide.
Furthermore, the ongoing conflict between Russia and Ukraine led to increased energy and transportation costs, which further impacted the price of propylene oxide. However, around April 2022, propylene oxide prices experienced a decline across Asia. During the second half of 2022, the prices of Propylene Oxide in the Asia Pacific region experienced constant fluctuations. Specifically, in July 2022, the price trend was downward due to a decrease in demand caused by the plummeting price of raw materials (propylene) and a significant reduction in the production cost of propylene oxide. In Europe, the prices of Propylene Oxide witnessed a constant increase throughout the first half of 2022, driven by high demand from downstream industries such as polyurethane and propylene glycol.
The economic downturn affected propylene oxide prices in Asian countries. The decline in the cost of raw materials and weak global demand have led to a depreciation in prices. For example, in China, propylene oxide prices dropped from around 1331 USD/MT in July 2023 to approximately 1310 USD/MT in September 2023. This decline in prices has been particularly challenging for downstream industries such as construction, automobile, and packaging, as it has led to a decrease in demand for propylene oxide. However, as the quarter progressed, the rate of depreciation in prices began to slow down. This is attributed to the slow recovery of the Chinese industrial sector and the increase in energy production costs. While July 2023 faced the most adverse consequences of bearish demand and deteriorating economic conditions, the later months showed signs of improvement. The plastics and chemical manufacturing sector started to flourish, leading to an increase in inquiries for propylene oxide. In Europe, propylene oxide prices experienced a downward trend throughout the first and second quarters of 2023. This is attributed to the lack of support from market conditions. Falling crude oil prices and rising interest rates had a significant impact on propylene oxide prices. The construction and polyol industries were particularly affected, with low procurement rates from both domestic and international buyers. This, coupled with a decrease in inquiries, ultimately resulted in a decline in propylene oxide prices.
Overall, the economic downturn impacted propylene oxide prices in both Asian countries and Europe. While the initial impact was negative, there are signs of improvement as certain industries begin to recover and demand for propylene oxide increases.
By Application:
Polyether Polyols
Propylene Glycol
Glycol Ethers
Others
The polyether polyol application segment dominated the Propylene oxide market with a revenue share of more than 60% in 2022. These polyols have a low glass transition temperature (Tg), which leads to excellent retention of physical properties and impact resistance even at extremely low temperatures. Consequently, they play a crucial role in the manufacturing of polyurethanes designed to withstand extreme cold. Polyether polyols find extensive application in the production of polyurethane rigid foam, soft foam, and molded foam. Over 80% of polyether polyols are consumed in the production of polyurethanes. These versatile materials are widely used in automobile cushioning, bedding, and furniture. As the demand for polyurethanes continues to rise, it is expected to drive the growth of the propylene oxide market during the forecast period.
By Process:
Chlorohydrin Process
Styrene Monomer Process
Hydrogen Peroxide Process
TBA Co-Product Process
Cumene-based Process
By End-Use Industry:
Automotive
Building & Construction
Textile & Furnishing
Chemical & Pharmaceutical
Packaging
Electronics
Others
The automotive segment dominated the propylene oxide market with a revenue share of about 30% in 2022. This is mainly attributed to the increased usage of propylene oxide derivatives in various aspects of vehicle interiors, manufacturing, and coatings. The segment is being propelled forward by the rising automotive production and the industry's growing focus on lightweight and fuel-efficient materials. Additionally, consumer preferences for enhanced comfort and aesthetic appeal are also driving the adoption of propylene oxide-based products in automotive applications. Furthermore, the strict emissions regulations and the global trend towards environmentally sustainable solutions are further fueling the demand within this segment. As a result, the demand for polyurethane foams, which are a primary application of propylene oxide, is also increasing. These foams are widely used in seating, insulation, and other automotive parts, which is a major growth factor for this segment.
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The Asia Pacific region held the largest share of about 40% in the Propylene Oxide Market in 2022, primarily due to the extensive use of propylene oxide in polyurethane applications. This region is renowned as a global manufacturing hub, hosting a wide range of industries including automotive, building & and construction, chemical & pharmaceutical, textile, electronics, and packaging product manufacturers. These industries heavily rely on polyurethane foam as an intermediate or raw material, resulting in a consistently high demand for it in the region. In addition to its use in polyurethane foam, propylene oxide is also utilized in the production of various chemical intermediates such as propylene glycol, glycol ethers, synthetic lubricants, specialty surfactants, flame retardants, and others. The Asia Pacific region is home to numerous small and medium-sized enterprises (SMEs) engaged in the production of these intermediates, further driving the demand for propylene oxide. As the population, level of urbanization, income, and purchasing power continue to rise in the Asia Pacific region, the demand for polyurethane foam applications and chemical intermediaries is expected to increase during the forecast period. This presents a promising opportunity for market growth in the Asia Pacific region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Dow Chemical Company, Royal Dutch Shell plc, BASF SE, Repsol S.A., INEOS Private Limited Company, Chevron Phillips Chemical LyondellBasell Industries N.V., Huntsman Corporation, Asahi Glass Co Ltd., Sumitomo Group, and Other players.
Recent Development:
In November 2023, Dow and Evonik inaugurated a pilot plant in Hanau, Germany for the conversion of hydrogen peroxide to propylene glycol (HPPG). Propylene glycol is a vital ingredient in personal care products that enhances moisture retention.
In October 2023, BASF expanded its capacities for ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium, in line with its customer-focused corporate strategy. This investment increases BASF's production capacity for these products by approximately 400,000 metric tons per year.
In September 2022, INEOS expanded its P-Series Glycol Ether portfolio to meet the growing demand in key downstream markets and completed its first sales.
In December 2021, Chevron Phillips Chemical announced its plans to expand its propylene business by making a final investment decision for a new C3 splitter unit. The unit will be located in Baytown, Texas, within the company's Cedar Bayou facility, and is expected to have a capacity of 1 billion lbs./year.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 25.03 Billion |
| Market Size by 2031 | US$ 38.42 Billion |
| CAGR | CAGR of 5.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Polyether Polyols, Propylene Glycol, Glycol Ether, Other) • By Process (Chlorohydrin Process, Styrene Monomer Process, Hydrogen Peroxide Process, TBA Co-Product Process, Cumene-based Process) • By End-Use Industry (Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Dow Chemical Company, Royal Dutch Shell plc, BASF SE, Repsol S.A., INEOS Private Limited Company, Chevron Phillips Chemical LyondellBasell Industries N.V., Huntsman Corporation, Asahi Glass Co Ltd., Sumitomo Group, and Other players. |
| DRIVERS |
|
| Restraints |
|
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Polyether Polyols, Propylene Glycol, Glycol Ethers and Others are the sub-segments of by application segment.
Ans: Demand in Healthcare Industries and Market is expected to expand as oil and gas to meet global energy demands are the opportunity for Propylene Oxide Market.
Ans: Dow Chemical Company (U.S.), Royal Dutch Shell plc (the Netherlands), BASF SE (Germany), Repsol S.A. (Spain), INEOS Private Limited Company (U.K.), Chevron Phillips Chemical (U.S.) LyondellBasell Industries N.V. (the Netherlands), Huntsman Corporation (U.S.), Asahi Glass Co., Ltd. (Japan), Sumitomo Group (Japan) are the major key players of Propylene Oxide Market
Ans: The Propylene Oxide Market Size was valued at USD 25.03 billion in 2023 and is expected to reach USD 38.42 billion by 2031 and grow at a CAGR of 5.5% over the forecast period 2024-2031.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia Russia-Ukraine Crisis
4.2 Impact of Economic Slowdown on Major Countries
4.2.1 Introduction
4.2.2 United States
4.2.3 Canada
4.2.4 Germany
4.2.5 France
4.2.6 UK
4.2.7 China
4.2.8 Japan
4.2.9 South Korea
4.2.10 India
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. Pest Analysis
8. Propylene Oxide Market Segmentation, By Process
8.1 Introduction
8.2 Trend Analysis
8.3 Chlorohydrin Process
8.4 Styrene Monomer Process
8.5 Hydrogen Peroxide Process
8.6 TBA Co-Product Process
8.7 Cumene-Based Process
9. Propylene Oxide Market Segmentation, By Application
9.1 Introduction
9.2 Trend Analysis
9.3 Polyether Polyols
9.4 Propylene Glycol
9.5 Glycol Ether
9.6 Other
10. Propylene Oxide Market Segmentation, By End-Use Industry
10.1 Introduction
10.2 Trend Analysis
10.3 Automotive
10.4 Building & Construction
10.5 Textile & Furnishing
10.6 Chemical & Pharmaceutical
10.7 Packaging
10.8 Electronics
10.9 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Propylene Oxide Market by Country
11.2.3 North America Propylene Oxide Market by Process
11.2.4 North America Propylene Oxide Market by Application
11.2.5 North America Propylene Oxide Market by End-Use Industry
11.2.6 USA
11.2.6.1 USA Propylene Oxide Market by Process
11.2.6.2 USA Propylene Oxide Market by Application
11.2.6.3 USA Propylene Oxide Market by End-Use Industry
11.2.7 Canada
11.2.7.1 Canada Propylene Oxide Market by Process
11.2.7.2 Canada Propylene Oxide Market by Application
11.2.7.3 Canada Propylene Oxide Market by End-Use Industry
11.2.8 Mexico
11.2.8.1 Mexico Propylene Oxide Market by Process
11.2.8.2 Mexico Propylene Oxide Market by Application
11.2.8.3 Mexico Propylene Oxide Market by End-Use Industry
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Propylene Oxide Market by Country
11.3.2.2 Eastern Europe Propylene Oxide Market by Process
11.3.2.3 Eastern Europe Propylene Oxide Market by Application
11.3.2.4 Eastern Europe Propylene Oxide Market by End-Use Industry
11.3.2.5 Poland
11.3.2.5.1 Poland Propylene Oxide Market by Process
11.3.2.5.2 Poland Propylene Oxide Market by Application
11.3.2.5.3 Poland Propylene Oxide Market by End-Use Industry
11.3.2.6 Romania
11.3.2.6.1 Romania Propylene Oxide Market by Process
11.3.2.6.2 Romania Propylene Oxide Market by Application
11.3.2.6.3 Romania Propylene Oxide Market by End-Use Industry
11.3.2.7 Hungary
11.3.2.7.1 Hungary Propylene Oxide Market by Process
11.3.2.7.2 Hungary Propylene Oxide Market by Application
11.3.2.7.3 Hungary Propylene Oxide Market by End-Use Industry
11.3.2.8 Turkey
11.3.2.8.1 Turkey Propylene Oxide Market by Process
11.3.2.8.2 Turkey Propylene Oxide Market by Application
11.3.2.8.3 Turkey Propylene Oxide Market by End-Use Industry
11.3.2.9 Rest of Eastern Europe
11.3.2.9.1 Rest of Eastern Europe Propylene Oxide Market by Process
11.3.2.9.2 Rest of Eastern Europe Propylene Oxide Market by Application
11.3.2.9.3 Rest of Eastern Europe Propylene Oxide Market by End-Use Industry
11.3.3 Western Europe
11.3.3.1 Western Europe Propylene Oxide Market by Country
11.3.3.2 Western Europe Propylene Oxide Market by Process
11.3.3.3 Western Europe Propylene Oxide Market by Application
11.3.3.4 Western Europe Propylene Oxide Market by End-Use Industry
11.3.3.5 Germany
11.3.3.5.1 Germany Propylene Oxide Market by Process
11.3.3.5.2 Germany Propylene Oxide Market by Application
11.3.3.5.3 Germany Propylene Oxide Market by End-Use Industry
11.3.3.6 France
11.3.3.6.1 France Propylene Oxide Market by Process
11.3.3.6.2 France Propylene Oxide Market by Application
11.3.3.6.3 France Propylene Oxide Market by End-Use Industry
11.3.3.7 UK
11.3.3.7.1 UK Propylene Oxide Market by Process
11.3.3.7.2 UK Propylene Oxide Market by Application
11.3.3.7.3 UK Propylene Oxide Market by End-Use Industry
11.3.3.8 Italy
11.3.3.8.1 Italy Propylene Oxide Market by Process
11.3.3.8.2 Italy Propylene Oxide Market by Application
11.3.3.8.3 Italy Propylene Oxide Market by End-Use Industry
11.3.3.9 Spain
11.3.3.9.1 Spain Propylene Oxide Market by Process
11.3.3.9.2 Spain Propylene Oxide Market by Application
11.3.3.9.3 Spain Propylene Oxide Market by End-Use Industry
11.3.3.10 Netherlands
11.3.3.10.1 Netherlands Propylene Oxide Market by Process
11.3.3.10.2 Netherlands Propylene Oxide Market by Application
11.3.3.10.3 Netherlands Propylene Oxide Market by End-Use Industry
11.3.3.11 Switzerland
11.3.3.11.1 Switzerland Propylene Oxide Market by Process
11.3.3.11.2 Switzerland Propylene Oxide Market by Application
11.3.3.11.3 Switzerland Propylene Oxide Market by End-Use Industry
11.3.3.1.12 Austria
11.3.3.12.1 Austria Propylene Oxide Market by Process
11.3.3.12.2 Austria Propylene Oxide Market by Application
11.3.3.12.3 Austria Propylene Oxide Market by End-Use Industry
11.3.3.13 Rest of Western Europe
11.3.3.13.1 Rest of Western Europe Propylene Oxide Market by Process
11.3.3.13.2 Rest of Western Europe Propylene Oxide Market by Application
11.3.3.13.3 Rest of Western Europe Propylene Oxide Market by End-Use Industry
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Propylene Oxide Market by country
11.4.3 Asia-Pacific Propylene Oxide Market by Process
11.4.4 Asia-Pacific Propylene Oxide Market by Application
11.4.5 Asia-Pacific Propylene Oxide Market by End-Use Industry
11.4.6 China
11.4.6.1 China Propylene Oxide Market by Process
11.4.6.2 China Propylene Oxide Market by Application
11.4.6.3 China Propylene Oxide Market by End-Use Industry
11.4.7 India
11.4.7.1 India Propylene Oxide Market by Process
11.4.7.2 India Propylene Oxide Market by Application
11.4.7.3 India Propylene Oxide Market by End-Use Industry
11.4.8 Japan
11.4.8.1 Japan Propylene Oxide Market by Process
11.4.8.2 Japan Propylene Oxide Market by Application
11.4.8.3 Japan Propylene Oxide Market by End-Use Industry
11.4.9 South Korea
11.4.9.1 South Korea Propylene Oxide Market by Process
11.4.9.2 South Korea Propylene Oxide Market by Application
11.4.9.3 South Korea Propylene Oxide Market by End-Use Industry
11.4.10 Vietnam
11.4.10.1 Vietnam Propylene Oxide Market by Process
11.4.10.2 Vietnam Propylene Oxide Market by Application
11.4.10.3 Vietnam Propylene Oxide Market by End-Use Industry
11.4.11 Singapore
11.4.11.1 Singapore Propylene Oxide Market by Process
11.4.11.2 Singapore Propylene Oxide Market by Application
11.4.11.3 Singapore Propylene Oxide Market by End-Use Industry
11.4.12 Australia
11.4.12.1 Australia Propylene Oxide Market by Process
11.4.12.2 Australia Propylene Oxide Market by Application
11.4.12.3 Australia Propylene Oxide Market by End-Use Industry
11.4.13 Rest of Asia-Pacific
11.4.13.1 Rest of Asia-Pacific Propylene Oxide Market by Process
11.4.13.2 Rest of Asia-Pacific Propylene Oxide Market by Application
11.4.13.3 Rest of Asia-Pacific Propylene Oxide Market by End-Use Industry
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Propylene Oxide Market by Country
11.5.2.2 Middle East Propylene Oxide Market by Process
11.5.2.3 Middle East Propylene Oxide Market by Application
11.5.2.4 Middle East Propylene Oxide Market by End-Use Industry
11.5.2.5 UAE
11.5.2.5.1 UAE Propylene Oxide Market by Process
11.5.2.5.2 UAE Propylene Oxide Market by Application
11.5.2.5.3 UAE Propylene Oxide Market by End-Use Industry
11.5.2.6 Egypt
11.5.2.6.1 Egypt Propylene Oxide Market by Process
11.5.2.6.2 Egypt Propylene Oxide Market by Application
11.5.2.6.3 Egypt Propylene Oxide Market by End-Use Industry
11.5.2.7 Saudi Arabia
11.5.2.7.1 Saudi Arabia Propylene Oxide Market by Process
11.5.2.7.2 Saudi Arabia Propylene Oxide Market by Application
11.5.2.7.3 Saudi Arabia Propylene Oxide Market by End-Use Industry
11.5.2.8 Qatar
11.5.2.8.1 Qatar Propylene Oxide Market by Process
11.5.2.8.2 Qatar Propylene Oxide Market by Application
11.5.2.8.3 Qatar Propylene Oxide Market by End-Use Industry
11.5.2.9 Rest of Middle East
11.5.2.9.1 Rest of Middle East Propylene Oxide Market by Process
11.5.2.9.2 Rest of Middle East Propylene Oxide Market by Application
11.5.2.9.3 Rest of Middle East Propylene Oxide Market by End-Use Industry
11.5.3 Africa
11.5.3.1 Africa Propylene Oxide Market by Country
11.5.3.2 Africa Propylene Oxide Market by Process
11.5.3.3 Africa Propylene Oxide Market by Application
11.5.3.4 Africa Propylene Oxide Market by End-Use Industry
11.5.3.5 Nigeria
11.5.3.5.1 Nigeria Propylene Oxide Market by Process
11.5.3.5.2 Nigeria Propylene Oxide Market by Application
11.5.3.5.3 Nigeria Propylene Oxide Market by End-Use Industry
11.5.3.6 South Africa
11.5.3.6.1 South Africa Propylene Oxide Market by Process
11.5.3.6.2 South Africa Propylene Oxide Market by Application
11.5.3.6.3 South Africa Propylene Oxide Market by End-Use Industry
11.5.3.7 Rest of Africa
11.5.3.7.1 Rest of Africa Propylene Oxide Market by Process
11.5.3.7.2 Rest of Africa Propylene Oxide Market by Application
11.5.3.7.3 Rest of Africa Propylene Oxide Market by End-Use Industry
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Propylene Oxide Market by Country
11.6.3 Latin America Propylene Oxide Market by Process
11.6.4 Latin America Propylene Oxide Market by Application
11.6.5 Latin America Propylene Oxide Market by End-Use Industry
11.6.6 Brazil
11.6.6.1 Brazil Propylene Oxide Market by Process
11.6.6.2 Brazil Propylene Oxide Market by Application
11.6.6.3 Brazil Propylene Oxide Market by End-Use Industry
11.6.7 Argentina
11.6.7.1 Argentina Propylene Oxide Market by Process
11.6.7.2 Argentina Propylene Oxide Market by Application
11.6.7.3 Argentina Propylene Oxide Market by End-Use Industry
11.6.8 Colombia
11.6.8.1 Colombia Propylene Oxide Market by Process
11.6.8.2 Colombia Propylene Oxide Market by Application
11.6.8.3 Colombia Propylene Oxide Market by End-Use Industry
11.6.9 Rest of Latin America
11.6.9.1 Rest of Latin America Propylene Oxide Market by Process
11.6.9.2 Rest of Latin America Propylene Oxide Market by Application
11.6.9.3 Rest of Latin America Propylene Oxide Market by End-Use Industry
12. Company Profiles
12.1 Dow Chemical Company
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Royal Dutch Shell plc.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 BASF SE
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Repsol S.A.
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 INEOS Private Limited Company
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Chevron Phillips Chemical
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 LyondellBasell Industries N.V.
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Huntsman Corporation
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Asahi Glass Co Ltd.
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Sumitomo Group
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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