Global Propylene Oxide Market (2016 to 2028) Overall Industry Size, Growth, Trends, & Drivers, Opportunities With Key Players - Dow Chemical Company, Huntsman Corporation

Global Propylene Oxide Market is estimated to reach USD XX billion by 2028

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Propylene Oxide Market.

According to the report, increased demand for propylene oxide from the various end-use industries, including automotive, construction & manufacturing, textile & furnishing, chemical & pharmaceutical, packaging, and electronics, is expected to drive the propylene oxide market growth over the forecast period.

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Propylene oxide is an organic compound prepared from propylene which has two processes, namely hydrochlorination and oxidation. Propylene oxide is commonly used as a precursor to organic compounds such as polyether polyol, propylene glycol, and other plastics such as polyurethane that build structures.

Propylene glycol is one of the primary chemicals used in materials used for paints, adhesives, grouts, coatings and waterproofing. In several countries, propylene oxide has also been used as an insecticide and anti-microbial fumigant in dry fruits like almonds, spices, and other food products.

With an emphasis on both organic and inorganic growth strategies there have been several primary developments done by major companies like The Dow Chemical Company, Huntsman Corporation, Royal Dutch Shell PLC, BASF SE, Lyondell Basell N.V., Repsol S.A.

Segmentation for better understanding of this market and its growth prospects:

Global propylene oxide market has been segmented based on, application (polyether polyols, propylene glycol, fumigation, adhesives & sealants, oil demulsifiers and others), end-use industry (automotive, building & construction, food & beverages, oil & gas and others) and region.

By application, the polyether polyols segment of the propylene oxide market is projected to grow at the highest CAGR. The growth of the market segment of propylene oxide can be attributed to increasing demand globally for polyurethane. As polyurethane has increasing demand from industries such as automotive, building & construction, textile & construction, furniture & furnishing, packaging and electronics, which turns to significant growth of the polyether polyols application segment.

This report provides:

1) An overview of the Global Propylene Oxide Market globally and related technologies.

2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).

3) Identification of new market opportunities and targeted promotion plans for Global Propylene Oxide Market

4) Discussion of R&D and demand for new products and new applications

5) Comprehensive company profiles of key industry players.

The researchers have studied the market in-depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

On the basis of the region, the propylene oxide market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

The Asia Pacific is expected to register substantial growth in the propylene oxide market during the forecast period. This demand is for the growth of major end-use industries like automotive, building & manufacturing, food & beverages, oil & gas, and others. Major Asia-Pacific countries include China, South Korea, Japan, India, Australia, and so forth.

Traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so forth are some of the major markets for both North America and Western Europe. This field has undergone a number of changes from end-use industries regarding the manufacture of chemicals and their applications.

The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

Some of the key Impact Factors:

o Growing application base for polyurethane materials

o Infrastructural development in developing a region

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Market Segmentation:

By Application:
o Polyether Polyol
o Propylene Glycol
o Fumigation
o Adhesives & Sealants
o Oil Demulsifiers
o Others

By End-Use Industry:
o Automotive
o Building & Construction
o Food & Beverages
o Oil & Gas
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application
o By End-Use Industry

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
o By Application
o By End-Use Industry

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-Use Industry

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Material
o By Application
o By End-Use Industry

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By End-Use Industry

Rest of the World
o By Region (South America, Africa)
o By Application
o By End-Use Industry

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557

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This release was published on openPR.