Market Overview:
The global propylene oxide market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyether polyols, propylene glycols, and propylene glycol ethers from various end-use industries. In terms of volume, the chlorohydrin process segment is projected to lead the global propylene oxide market during the forecast period. However, in terms of value, the SM/PO segment is projected to grow at a higher rate than other segments during the forecast period. Asia Pacific accounted for majority share of global propylene oxide market in 2017 and it is expected to maintain its dominance during forecast period as well.
Product Definition:
Propylene oxide (CH3CH2CHO) is an organic compound with the formula CH3CH2CHO. It is a colorless volatile liquid that is produced on a large scale from propene. It is an important industrial intermediate, used to produce polypropylene, glycols, and other chemicals.
Chlorohydrin Process:
The chlorohydrin process is a chemical manufacturing process that involves the production of polyvinyl chloride, vinyl acetate monomer, and hydrochloric acid. It is also used to produce other chemicals such as ethylene dichloride and hydrogen gas. The key driving factors for this market are increasing demand from propylene oxide and growing environmental concerns regarding the use of petrochemicals in general.
SM/PO:
Solvent Motor/Propylene Oxide (SMPO) is a propylene oxide based solvent used in manufacturing polyurethane foams and coatings. It is also used as an intermediate for the production of other chemicals such as methylene diphenyl diisocyanate (MDI), polyols, and alkyd resins. SMPO market size was estimated at USD 1,37,000 thousand tons in 2015.
Application Insights:
Polyether polyols was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. This is attributed to increasing demand for PEO from various end-use industries including automotive, construction, electronics and pharmaceuticals. In addition, growing use of PEO as a binder in paints & coatings industry owing to its excellent heat resistance property will drive market growth over the next eight years.
Propylene glycols segment accounted for a considerable share of global revenue in 2017 due largely to its extensive use as an industrial solvent and chemical intermediate across several end-use industries such as automotive/transportation; building & construction; medical devices; food processing; pulp & paper manufacturing among others. The other applications include lubricants (for metal working) and adhesives (for carpet laying).
Regional Analysis:
Asia Pacific was the dominant regional segment occupying over 54.0% of global market volume in 2017. The region is expected to witness a significant CAGR of XX% from 2018 to 2030 owing to increasing demand for propylene oxide in various application segments, such as polyurethane, plasticizers and surfactants across end-use industries such as automotive and construction.
The growing manufacturing sector across emerging economies including China, India and Japan coupled with rising product demand from the automotive industry is anticipated to drive growth over the forecast period. In addition, favorable regulatory frameworks are projected to spur market development by allowing easy entry of new players into the region which will positively impact market growth over next eight years (2018 - 2027).
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Growing demand for propylene oxide in Asia Pacific region
- Rising investment by key players in propylene oxide production facilities
- Technological advancements in propylene oxide production process
- Stringent environmental regulations to promote the use of propylene oxide as a green solvent
Scope Of The Report
Report Attributes
Report Details
Report Title
Propylene Oxide Market Research Report
By Type
Chlorohydrin Process, SM/PO, HPPO
By Application
Polyether polyols, Propylene glycols, Propylene glycol ethers, Others
By Companies
DuPont, Lyondellbasell, Shell, Huntsman, BASF, AGC Chemicals, Repsol, Tokuyama, Sumitomo Chemicals, SKC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Propylene Oxide Market Report Segments:
The global Propylene Oxide market is segmented on the basis of:
Types
Chlorohydrin Process, SM/PO, HPPO
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Polyether polyols, Propylene glycols, Propylene glycol ethers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- Lyondellbasell
- Shell
- Huntsman
- BASF
- AGC Chemicals
- Repsol
- Tokuyama
- Sumitomo Chemicals
- SKC
Highlights of The Propylene Oxide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chlorohydrin Process
- SM/PO
- HPPO
- By Application:
- Polyether polyols
- Propylene glycols
- Propylene glycol ethers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Propylene Oxide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Propylene Oxide is a chemical compound with the molecular formula C3H8O2. It is a colorless, flammable liquid that has a sweet odor. Propylene Oxide is used in manufacturing plastics and other materials.
Some of the key players operating in the propylene oxide market are DuPont, Lyondellbasell, Shell, Huntsman, BASF, AGC Chemicals, Repsol, Tokuyama, Sumitomo Chemicals, SKC.
The propylene oxide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Propylene Oxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Propylene Oxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propylene Oxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Propylene Oxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Propylene Oxide Market Size & Forecast, 2020-2028
4.5.1 Propylene Oxide Market Size and Y-o-Y Growth
4.5.2 Propylene Oxide Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chlorohydrin Process
5.2.2 SM/PO
5.2.3 HPPO
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Polyether polyols
6.2.2 Propylene glycols
6.2.3 Propylene glycol ethers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propylene Oxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Propylene Oxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chlorohydrin Process
9.6.2 SM/PO
9.6.3 HPPO
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Polyether polyols
9.10.2 Propylene glycols
9.10.3 Propylene glycol ethers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chlorohydrin Process
10.6.2 SM/PO
10.6.3 HPPO
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Polyether polyols
10.10.2 Propylene glycols
10.10.3 Propylene glycol ethers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chlorohydrin Process
11.6.2 SM/PO
11.6.3 HPPO
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Polyether polyols
11.10.2 Propylene glycols
11.10.3 Propylene glycol ethers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chlorohydrin Process
12.6.2 SM/PO
12.6.3 HPPO
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Polyether polyols
12.10.2 Propylene glycols
12.10.3 Propylene glycol ethers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chlorohydrin Process
13.6.2 SM/PO
13.6.3 HPPO
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Polyether polyols
13.10.2 Propylene glycols
13.10.3 Propylene glycol ethers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Propylene Oxide Market: Competitive Dashboard
14.2 Global Propylene Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Lyondellbasell
14.3.3 Shell
14.3.4 Huntsman
14.3.5 BASF
14.3.6 AGC Chemicals
14.3.7 Repsol
14.3.8 Tokuyama
14.3.9 Sumitomo Chemicals
14.3.10 SKC
