Propylene Oxide Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast - 2023

The latest report has been added to the wide database of Propylene Oxide Market by Infinium Global Research. This report studies the Propylene Oxide Market by application (propylene glycol, polyether polyols, di-propylene glycol, others), production process (chlorohydrin, propylene oxide, propylene oxide butyl alcohol, propylene oxide, styrene monomer, hydroperoxide process) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Propylene Oxide Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Propylene Oxide Market. The global propylene oxide market is projected to grow with a CAGR between 3.0% and 3.5%.

Ask for Sample PDF of Global Propylene Oxide Market Report@ https://www.infiniumglobalresearch.com/reports/sample-request/762

Propylene Oxide Market: Industry Insights

Propylene Oxide is a highly-flammable, synthetic, volatile and colorless liquid. It is primarily used as a chemical intermediate in the production of polyether’s (the primary component of polyurethane foams) and propylene glycol. Propylene oxide is used in the food industry to reduce bacteria, yeast and other related bacteria in food storages. Additionally, it is also used in the preparation of surfactants, lubricants, and oil demulsifiers and plastic medical instruments.

Propylene Oxide Market: Drivers and Restraints

Growing polyurethane foam demand from the manufacture of the furniture and automotive, construction industries, adhesives and sealants, and coatings is accelerating the growth of propylene market. Propylene oxide is an intermediate in the manufacture of pharmaceuticals, cosmetics, textiles, household detergents, and many other products. Furthermore, increasing consumption of products manufactured using polyether polyols and propylene glycol contributes to the growth of the market. Moreover, massive investment in metropolitan city development projects where propylene glycol and polyether polyols are used as coatings in the field of construction has resulted the spur the demand of propylene oxide market. However, Availability of substitute and toxic effects of propylene oxide could be hampering the growth of propylene oxide market. Going further, technological development by market key players for the production of propylene oxide provides growth lucrative opportunities for the growth of propylene oxide market.

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/762

Propylene Oxide Market: Segmentations

The global propylene oxide market is categorized into the application and production process. On the basis of application, the market is segmented into propylene glycol, polyether polyols, di-propylene glycol, glycol ethers, and others. Polyether polyols are accounted to be a significant share in the propylene oxide market. It is widely used in a wide variety of applications including elastomers, adhesives and sealants, molded foams and flexible foams. Moreover, the global propylene oxide market based on production process is bifurcated into chlorohydrin process, propylene oxide only cumene-based process, propylene oxide (PO)/tertiary butyl alcohol (TBA) process, propylene oxide (PO)/styrene monomer (SM) process, hydroperoxide process, and others.

Propylene Oxide Market: Regional Insights

Among the geographies, the global propylene oxide market is divided into North America, Europe, Asia Pacific, and RoW. North America and Europe hold a substantial share in propylene oxide market during the forecast period. The growth of this region is attributed due to increased use of propylene oxide in the automobile, construction and cosmetics sectors. The Asia Pacific region is anticipated to expand the highest growth rate during the forecast period due to its demand from various end-user industries such as building & construction, automotive, packaging, textile, and furniture. Furthermore, the rising use of propylene oxide in pharmaceuticals, food and beverages, personal care, and pet foods is strengthening the industrial growth over the coming years. Rapid growth in construction activities also promotes the growth of Propylene Oxide Market.

Propylene Oxide Market: Competitive Analysis

The propylene oxide market is highly fragmented with top players involved in constant product innovation and R&D activities. Various participants in the global Propylene Oxide Market are LyondellBasell Industries, The Dow Chemical Company, Asahi Glass Company Ltd., BASF SE, Royal Dutch Shell, Huntsman International LLC, SABIC, Repsol, Balchem, INEOS Group Ltd., Nihon Oxirane Company Ltd., Tokuyama Corp., and Manali Petrochemical Limited.

Browse Detailed TOC and Description of this Exclusive Report@ https://www.infiniumglobalresearch.com/chemical-material/global-propylene-oxide-market

LyondellBasell to Build World’s Largest Propylene Oxide Plant

LyondellBasell is to spend $2.4 billion (£1.7 billion) building the world’s largest propylene oxide and tertiary butyl alcohol plant in Texas, US. This plant, which is due to come onstream by 2021 and create 160 permanent jobs, will be the petrochemical giant’s single-largest capital investment ever.

Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Propylene Oxide.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Infinium Global Research
Office No. 04, 06, Ganadhish Empire,
Rahatani Corner, Pune, MH 411027
Email: info@infiniumglobalresearch.com
Website: www.infiniumglobalresearch.com

This release was published on openPR.