Report Id: SNS/C&M/1503 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Propylene Oxide Market Size was valued at USD 23.73 billion in 2022 and is expected to reach USD 36.42 billion by 2030, and grow at a CAGR of 5.5% over the forecast period 2023-2030. 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.
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.
Use of Polyols and Propylene Glycol.
Demand in Healthcare Industries.
Market is expected to expand as oil and gas to meet global energy demands.
Toxicity of propylene oxide.
The development of bio-based feedstocks in the polyurethanes industry.
Impact of covid-19:
The demand for propylene oxide is heavily affected by end-user sectors like automotive, construction, and furniture production. The ubiquitous COVID -19 has drastically reduced demand for several end-user sectors. Furthermore, manufacturing facilities have recently lowered their production rates. Such variables have had a substantial impact on the propylene oxide industry's overall growth. Due to the protracted lockdown, the availability of raw materials required for the manufacturing of propylene oxide has decreased.
Propylene derivatives are becoming more common in European countries that rely heavily on China for raw supplies. Since COVID-19 wreaked havoc in China, the number of operations has decreased.
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.
Styrene Monomer Process
Hydrogen Peroxide Process
TBA Co-Product Process
By End-Use Industry:
Building & Construction
Textile & Furnishing
Chemical & Pharmaceutical
The Asia-Pacific region is predicted to have the greatest market share throughout the projection period, among other regions. The construction and housing industries have seen an increase in demand across the Asia-Pacific area. The expanding population and the ongoing demand for infrastructure improvements across the Asia-Pacific region are two main reasons driving up propylene oxide market demand.
North America, on the other hand, is heavily reliant on propylene oxide due to increased demand in the automobile industry. Propylene oxide is used in a variety of applications, including aerospace vehicles and as a de-icing agent in airplanes. However, due to the toxicity of propylene oxide, some industrialized countries, such as Europe, have restricted its use through laws.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 23.73 Billion|
|Market Size by 2030||US$ 36.42 Billion|
|CAGR||CAGR of 5.5% From 2023 to 2030|
|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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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||• Use of Polyols and Propylene Glycol.|
|Restraints||• Demand in Healthcare Industries.
• Market is expected to expand as oil and gas to meet global energy demands.
Frequently Asked Questions (FAQ) :
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: Global Propylene Oxide Market Size was valued at USD 22.5 billion in 2021, and expected to reach USD 32.73 billion by 2028, and grow at a CAGR of 5.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Propylene Oxide Market Segment, By Application
8.1 Polyether Polyols
8.2 Propylene Glycol
8.3 Glycol Ethers
9. Global Propylene Oxide Market Segment, By Process
9.1 Chlorohydrin Process
9.2 Styrene Monomer Process
9.3 Hydrogen Peroxide Process
9.4 TBA Co-Product Process
9.5 Cumene-based Process
10. Global Propylene Oxide Market Segment, By end-use industry
10.2 Building & Construction
10.3 Textile & Furnishing
10.4 Chemical & Pharmaceutical
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Dow Chemical Company
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Royal Dutch Shell plc
12.3 BASF SE
12.4 Repsol S.A.
12.5 INEOS Private Limited Company
12.6 Chevron Phillips Chemical
12.7 LyondellBasell Industries N.V.
12.8 Huntsman Corporation
12.9 Asahi Glass Co., Ltd.
12.10 Sumitomo Group
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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