Press release
Propylene Oxide Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis
Propylene Oxide Market
Propylene oxide is a flammable, colorless, and a highly reactive organic compound. It is used as an intermediate in the production of polyurethanes, propylene glycol, and other chemicals. It is also used as a fumigant and has been used as a fuel. Propylene oxide is a health hazard, and exposure to high concentrations can cause central nervous system damage.
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Key Trends
Propylene oxide is a highly versatile chemical compound with a wide range of applications in the production of polymers, solvents, and other chemicals. The propylene oxide market is expected to grow at a moderate pace in the coming years, owing to the growing demand from the Asia-Pacific region.
The Asia-Pacific region is the largest market for propylene oxide, accounting for more than 50% of the global demand. The region is expected to witness the highest growth in the coming years, owing to the growing demand from the end-use industries, such as construction, automotive, and electronics.
Key Drivers
The key drivers of the propylene oxide market are the increasing demand for polyurethane foams, coatings, and adhesives, and the growing demand for propylene oxide in the Asia-Pacific region.
The Asia-Pacific region is the largest market for propylene oxide, followed by North America and Europe.
The demand for propylene oxide in the Asia-Pacific region is expected to grow at the highest rate due to the growing demand for propylene oxide in the region.
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Market Segments
The Propylene Oxide Market is segmented by application, production process, end use industry and region. By application the market is divided into polyether polyols, propylene glycols and others. Based on production process it is segmented into chlorohydrin, styrene monomer, and cumene based. On the basis of end use industry it is divided into automotive, building & construction and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players:
The Propylene Oxide Market includes players such as Dow Inc., LyondellBasell Industries Holdings B.V., Royal Dutch Shell PLC, BASF SE, SKC Company, AGC Inc., Repsol, Sumitomo Chemical Co., Ltd., Tokuyama Corporation, and Indorama Ventures Public Company.
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Global Propylene Oxide Market: Taxonomy
- By Application
Polyether Polyols
Propylene Glycols
Propylene Glycol Ethers
Others
Flame Retardant
Fumigants
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