Press release
Propylene Oxide Market is Showing Strong Position Near Future By Leading Key Vendors - AGC Chemicals, Repsol, CSPC Pharmaceutical Group Limited, Air Liquide, Air Products and Chemicals, Inc.
Propylene Oxide Market
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Market Analysis: Global Propylene Oxide Market
The global propylene oxide market accounted for USD 13.51 billion in 2017 and is projected to grow at a CAGR of 5.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Competitors: Global Propylene Oxide Market
Some of the major players in propylene oxide market are LyondellBasell Industries Holdings B.V., The Dow Chemicals, SK Chemicals, Royal Dutch Shell, Sumitomo Chemical Co., Ltd., BASF SE, Huntsman International LLC., AGC Chemicals, Repsol, CSPC Pharmaceutical Group Limited, Air Liquide, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Mitsui Chemicals, Inc., LOTTE CHEMICAL CORPORATION, PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama Corporation, Hanwha Group and many more.
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Market Definition: Global Propylene Oxide Market
Propylene oxide is a highly reactive chemical intermediate used, for the most part, in the manufacture of polyether polyols for urethanes, propylene glycols, glycol ethers, 1,4-butanediol, and polyalkylene glycols for a variety of chemical intermediates and functional fluids. There is a growing demand for propylene oxide in automotive, building & construction, chemical & pharmaceutical, textile & furnishing, packaging and electronics industrial activates, which is expected to be one of the major drivers of the market over the next seven years.
Market Segmentation: Global Propylene Oxide Market
The propylene oxide market is segmented on the basis of production process into chlorohydrin, styrene monomer, TBA co-product, hydrogen peroxide and cumene-based.
On the basis of application, the market is segmented into polyether polyols, propylene glycol, glycol ethers, and others.
On the basis of end-user, the market is segmented into automotive, building & construction, chemical & pharmaceutical, textile & furnishing, packaging, electronics and others.
On the basis of geography, the propylene oxide market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Propylene Oxide Market Drivers:
Rising demand for propylene oxide from end-use industries
Demand for polyether polyols for the production of polyurethanes
Propylene Oxide Market Restraint:
Toxicity of propylene oxide
New bio-based feedstock for polyurethane
Price volatility of raw materials
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Global Propylene Oxide Market: Taxonomy
- By Application
Polyether Polyols
Propylene Glycols
Propylene Glycol Ethers
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Flame Retardant
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