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Propylene Oxide Market Share, Size, Growth, Trends And Analysis Report 2022-2027

12-29-2022 09:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Propylene Oxide Market Share, Size, Growth, Trends And Analysis

According to the latest report by IMARC Group "Propylene Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global propylene oxide market reached a value of US$ 18.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027.

Propylene oxide (C3H6O) is a synthetic, volatile, colorless, and highly flammable liquid that is easily soluble in water and miscible with various organic solvents. It is utilized as a chemical intermediate in the manufacturing of polyether and propylene glycol. It is applied as an insecticidal fumigant and sterilant to control bacteria contamination, insect infestations, and microbial spoilage of food products while preventing the growth of insects in non-food products. As a result, C3H6O is widely employed in the automotive, construction, electronics, chemical, food and beverage (F&B), and pharmaceutical industries across the globe.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/propylene-oxide-market/requestsample

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Propylene Oxide Market Trends and Drivers:

At present, the rising demand for C3H6O in the construction industry to build energy-efficient buildings represents one of the primary factors strengthening the market growth. Besides this, the growing utilization of C3H6O in grouts, paints, waterproofing materials, coatings, and adhesives is offering a positive market outlook. Apart from this, the increasing utilization of C3H6O in several food products, such as beverages, popcorn, fast food, dairy products, and cakes, is bolstering the growth of the market. Moreover, the rising adoption of C3H6O in the automotive industry to manufacture sealants, coolants, car seat brakes, and hydraulic fuels is offering a lucrative growth opportunity to industry investors. Furthermore, the rising demand for mono propylene glycol (MPG) to produce unsaturated polyester resins (UPRs) for manufacturing fiber glass reinforced plastics (FRPs) with enhanced corrosion resistance is propelling the growth of the market.

Propylene Oxide Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

AGC Chemicals Americas Inc.
Air Liquide S.A.
BASF SE
Dow Inc.
Eastman Chemical Company
Huntsman International LLC
Ineos Chemicals Company
LyondellBasell Industries Holdings B.V.
Mitsui Chemicals
Repsol S.A.
Royal Dutch Shell PLC
Saudi Arabia Basic Industries Corporation (Saudi Aramco)
SK Chemicals Co. Ltd.
Sumitomo Chemical Co. Ltd.
Tokuyama Corporation.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Production Process:

Chlorohydrin Process (CHPO)
Styrene Monomer Process
Hydrogen Peroxide Process
TBA Co-Product Process
Cumene-based Process

Breakup by Application:

Polyether Polyols
Propylene Glycols
Propylene Glycol Ethers (PGE)
Polyalkylene Glycols
Others

Breakup by End Use Industry:

Automotive
Construction
Chemicals and Pharmaceuticals
Packaging
Textile and Furnishing
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/propylene-oxide-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Glycerol Market: https://www.imarcgroup.com/glycerol-market

Insect Growth Regulators Market: https://www.imarcgroup.com/insect-growth-regulators-market

Unsaturated Polyester Resins Market: https://www.imarcgroup.com/unsaturated-polyester-resins-market

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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