openPR Logo
Press release

Propylene Oxide Market worth $29.5 billion by 2026 | Key players Dow Inc., Royal Dutch Shell, Indorama Ventures, BASF SE, Repsol

12-07-2021 10:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Propylene Oxide Market, Propylene Oxide

Propylene Oxide Market, Propylene Oxide

According to recent market research "Propylene Oxide Market by Application (Polyether Polyols, Propylene Glycols),Production Process (Chlorohydrin, Styrene Monomer, Cumene Based), End-Use Industry (Automotive, Building & Construction), and Geography - Global Forecast to 2026", The propylene oxide market is projected to grow from USD 22.5 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. The propylene oxide market is majorly driven by the rising demand for polyurethanes in various end-use industries, such as automotive, building & construction, textile & furnishing, chemical & pharmaceutical, packaging, and electronics. The increasing usage of polyurethane is in thermal insulators, sealants, and flooring materials is also expected to propel market growth in the near future.

Browse 112 market data Tables and 50 Figures spread through 197 Pages and in-depth TOC on "Propylene Oxide Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/propylene-oxide-market-55659975.html

Based on end-use industries, the automotive industry accounted for the largest share in the propylene oxide market. In 2020, nearly 77.0 million units of vehicles were produced across the globe. This resulted in high demand for polyurethane foams, ultimately creating an increased demand for propylene oxide across the globe. Building & construction, chemical & pharmaceutical, are other leading application to the adoption of propylene oxide market.

Based on application the polyether polyols accounted for the largest market share in the propylene oxide market. This large share is attributed to the fact that polyether polyols are basic raw materials used in the production of polyurethane foam. Globally, polyurethane foam has witnessed increased adoption from multiple end-use industries due to its versatility and utility. This dependency is expected to continue into the forecast period, and hence, the polyether polyols application is projected to account for the largest market share by 2026.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=55659975

The propylene oxide market is projected to grow from USD 22.5 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. The propylene oxide market is majorly driven by the rising demand for polyurethanes in various end–use industries, such as automotive, building & construction, textile & furnishing, chemical & pharmaceutical, packaging, and electronics.

Joint venture and expansion are two prominent strategies prevailing in the propylene oxide market. Dow Inc. (US), LyondellBasell Industries Holdings B.V. (Netherlands), Royal Dutch Shell PLC (Netherlands), BASF SE (Germany), SKC Company (South Korea), AGC Inc. (Japan), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Tokuyama Corporation (Japan), Indorama Ventures Public Company (Thailand) are some of the leading players operating that have adopted these strategies to enhance their position in the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55659975

Dow Inc., the largest producer in the world, focuses on HPPO technology to produce propylene oxide. It is focusing on inorganic growth strategies, as seen in the recent joint venture between Dow Inc. and Siam Cement Group (Thailand,) which started operations as the SCG–Dow Inc. Group (Thailand), for its new propylene oxide facility. This new facility has a capacity of 390,000 tons per annum of propylene oxide using HPPO technology. The company thus further strengthened its position in the Asian propylene oxide market. The Sadara Chemical Company (Saudi Arabia), a joint venture of The Dow Inc. Chemical Company (US) and Saudi Arabian Oil Company (Saudi Arabia), launched in December 2016, consists of 26 production units and is engaged in the production of propylene oxide/isocyanates/polyurethanes envelope and the ethylene oxide/propylene oxide/specialty chemicals units. The company further strengthened its position in the propylene oxide market with this development.

LyondellBasell Industries Holdings B.V. is the second-largest producer in the world and uses proprietary propylene oxide and TBA technology to manufacture propylene oxide. The company is focusing on organic as well as inorganic strategies and is planning to build a PO/TBA plant in the Houston area (US) with an annual production capacity of One billion pounds of propylene oxide and two billion pounds of tertiary butyl alcohol. The plant became operational in 2020. LyondellBasell is expected to become the largest producer of propylene oxide using the PO/TBA technology and strengthen its position in the propylene oxide market with this development.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/propylene-oxide.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/propylene-oxide-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Propylene Oxide Market worth $29.5 billion by 2026 | Key players Dow Inc., Royal Dutch Shell, Indorama Ventures, BASF SE, Repsol here

News-ID: 2487590 • Views: 199

More Releases from MarketsandMarkets

Railway Cybersecurity Market Insights| Key Players: Thales Group (France), Sieme …
The Railway Cybersecurity Market is estimated to be $6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach $10.6 billion by 2027. An increase in user preference for public transportation and the growing demand for smart transportation and the internet of things (IoT) will propel the railway cybersecurity market. Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=128598673 Opportunity: Increasing demand for cloud-based services The demand
Dimethyl Carbonate Market worth $1,148 million by 2026 | Key players Ube Industr …
According to recent market research "Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), End-Use Industry (Plastics, Paints & Coatings, Pharmaceuticals), Grade (Industry, Pharmaceutical, Battery), Region - Global Forecast to 2026", The dimethyl carbonate market is projected to grow from USD 847 million in 2021 to USD 1,148 million by 2026, at a CAGR of 6.3% from 2021 to 2026. Growing demand for lithium-ion battery electrolytes is expected
Fluid Loss Additives Market | Key players operating in the market include Hallib …
According to recent market research "Fluid Loss Additives Market by Type (Synthetically Modified Natural (PAC, CMC), Synthetic (Acrylic Sulphonated Polymers), Natural (Starch, Lignin, Bentonite)), Application (Drilling Fluid, Cement Slurry) - Global Forecast to 2024", The fluid loss additives market is projected to reach USD 376 million by 2024, at a CAGR of 3.6% from USD 315 million in 2019. Browse 85 market data Tables and 41 Figures spread through 122 Pages
Low Foam Surfactants Market worth $19.6 billion by 2024 | Key players AkzoNobel …
According to recent market research "Low Foam Surfactants Market by Type (Non-ionic, Amphoteric, Cationic), and Application (Home & Personal Care, Agrochemicals, Oil Field Chemicals, Textiles, Paints, Pulp & Paper, Cement, and Metal Cleaning) - Global Forecast to 2024", The low foam surfactants market projected to reach USD 19.6 billion by 2024, from USD 14.9 billion at a CAGR of 5.6% during the forecast period. Browse 82 market data Tables and 28

All 5 Releases


More Releases for Propylene

Global Propylene Carbonate Market Analysis And Forecast
The global Propylene Carbonate (PC) (CAS 108-32-7) market study covers the projection size of the market both in terms of value (Mn/Bn US$) and volume (X units). The report estimates the lookup of different local distributors in the overall market and provides the market size of the Propylene Carbonate (PC) (CAS 108-32-7) market using both bottom-up and top-down approaches. To examine the top players and their market share, primary and
Propylene Glycol Market : Industry Analysis & Overview
Propylene glycol is a chemical that is produced by reaction of propylene oxide with water. It is a colorless, clear, almost odorless, viscous liquid which has a faint sweet taste. Propylene glycol is miscible with water, chloroform, and acetone and is hygroscopic in nature. It is chemically neutral that does not react with other substances. This property of propylene glycol makes it useful in mixing contrasting elements such as perfumes.
Global Propylene Oxide Market 2017-2025 | Polyether Polyols, Propylene Glycols, …
Press Release – 06 Sep 2018 Research and Development News -- . . Latest Update "Global Market Study on Propylene Oxide: China and India Projected to Witness Robust Growth Rates in the APAC Regional Market During 2017-2025" with Industries Survey | Global Current Growth and Future. ' ' Market Research in its upcoming report titled Propylene Oxide Market: Global Industry Analysis and Forecast 2017-2025 has conducted an in-depth analysis of the propylene oxide market
Advancements in Propylene Oxide Market 
An oxide is a binary compound combined with an electropositive element or a group. Propylene, which is a colorless gas, belongs to the alkene group. It is obtained by thermal cracking of ethylene and has a faint odor similar to petroleum. Propylene oxide is a chemical compound of propylene and oxygen. It is organic and behaves as a chemical intermediate in various chemical synthesis processes. Propylene oxide with chemical formula
Global Propylene Oxide Market During 2017-2025 | Polyether Polyols, Propylene Gl …
Propylene Oxide Market: Global Industry Analysis and Forecast 2017-2025 has conducted an in-depth analysis of the propylene oxide market for an eight year forecast period concluding in 2025. The study is based on key market segments that have been appropriately explained below. Global Propylene Oxide Market: Taxonomy - By Application Polyether Polyols Propylene Glycols Propylene Glycol Ethers Others Flame Retardant Fumigants . . – Get Sample Report_https://www.researchmoz.us/enquiry.php?type=S&repid=1293632 ' ' - Best-in-class Research Methodology Persistence Market Research analysts
Global Propylene Capacity and Capital Expenditure Forecast
"The Report Q3 2017 Global Propylene Capacity and Capital Expenditure Review-Asia and North America to Lead Global Propylene Capacity Additions provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Propylene Capacity Market Global propylene capacity is expected to experience considerable growth over the next nine years from around 110 mtpa in 2016 to more than 140 mtpa by 2025. More