Propylene Oxide Market is forecast to reach USD 24.13 Billion by 2026| Top Players Are Raytheon Company, Israel Aerospace Industries, BAE Systems Plc., MBDA, Kongsberg Group, Rafael Advanced Defense Systems Ltd., etc.

The Global Propylene Oxide Market is forecast to reach USD 24.13 Billion by 2026, according to a new report by Reports and Data. Propylene oxide is an organic flammable, volatile, and colorless liquid compound that is soluble in both alcohol and ether. The compound is used as an intermediate for the manufacture of various commercial products.

Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sample-enquiry-form/1545

Companies considered and profiled in this market study

Raytheon Company, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries, BAE Systems Plc., MBDA, Kongsberg Group, Rafael Advanced Defense Systems Ltd., L-3 Technologies Inc., and FN Herstal S.A among others.

Increase in demand for the product by various end-use industries such as constructions, packaging, automotive, furnishings, and textiles is anticipated to patronize the growth of the market in the coming years. The market is mainly driven by the growth in demand for polyether polyols, rising demand owing to the increase in its applications, huge investment in infrastructural spending, and an increase in the demand for automotive products.

Propylene oxide finds its application in tub-shower, gasoline tanks, and boat hulls. Rise in the consumption of products that include polyalkylene glycols, popylene glycols, and propylene glycol ethers will propel market expansion. High consumption in lubricants, defoamers, greases, oil-field chemicals, latex paints, wetting agents, and water scavengers will increase the revenue generated by the market.

Further key findings from the report suggest

o Glycol Ethers is forecasted to hold the market share of 22% in the year 2026. They are used in cleaners, degreasers, adhesives, and aerosol paints.

o North America is forecasted to have a CAGR of 6.4% during the forecast period. The region consumes propylene glycol in its automotive sector as hydraulic fluids and also finds its application as a de-icing agent in airplanes and aerospace.

o Chemical and pharmaceutical held the largest market share of 21% in the year 2018.

o Polyether polyols are among the major components used to produce polyurethanes that are in turn applied in building and construction, apparels and automotive.

o Building and construction are forecasted to hold a market share of 14% in the year 2026. Propylene Oxide is used in adhesives, grouts, paints, coatings, waterproofing materials in both the construction and infrastructure industry.

o Increase in construction in emerging, and developed nations such as China, India, Brazil, Saudi Arabia, UAE, and Qatar will influence the growth of the market.

o Glycol Ethers growth in the market is mainly due to the switch of solvent-based coatings to water-based coatings. Water-based coatings use glycol ethers as their coalescing agent.

Click here to avail the report at an unbelievable discount rate: https://www.reportsanddata.com/discount-enquiry-form/1545

For the purpose of this report, Reports and Data have segmented into the global Propylene Oxide market on the basis of Process, Application, End User, and Region:

Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Chlorohydrin Process
Styrene Monomer Process
Hydrogen Peroxide Process
TBA Co-Product Process
Cumene-based Process
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Polyether Polyols
Propylene Glycol
Glycol Ethers
Others

End User Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Automotive
Building and Construction
Textile and Furnishing
Chemical and Pharmaceutical
Packaging
Electronics
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

To get a detailed Table of Content, Visit Here: https://www.reportsanddata.com/report-detail/propylene-oxide-market

Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments

Contact Us:

John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.