Propylene Oxide Market Size, Share & Industry Analysis, By Application (Polyether Polyols, Propylene Glycol, Fumigation, Oil Demulsifier, Adhesives & sealants, Others), By End-Use Industry (Automotive, Construction/Infrastructure, Food and Beverages, Intermediates, Functional Fluids, Other) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105411 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Propylene oxide is a volatile and colorless, organic compound, which can be miscible in organic solvents and water. Processes such as chlorohydrin, cumene hydroperoxide, epoxidation with hydrogen peroxide, ethylbenzene hydroperoxide with tert-butyl alcohol co-product, or ethylbenzene hydroperoxide with styrene co-product are used in the production of propylene oxide. Furthermore, the product is primary adopted as a chemical intermediate to induce & accelerate the stable reaction in the manufacturing of polyether resins and propylene glycol. The high product consumption can be seen in the automotive, construction, food and beverages, intermediates, and functional fluids applications.

The rising demand for propylene oxide from the construction and food industries will fuel market growth. The propylene oxide is used as a construction chemical in the grouts, paints, waterproofing materials, coatings, and adhesives. Moreover, the product is also used in the manufacturing of propylene glycol, which is further utilized in various food products such as dressings, drink mixes, cake mix, dried soups, popcorn, soft drinks, fast foods, bread, and dairy products. The increasing demand for packaged food coupled with the rapidly growing construction industry will surge the product demand. Hence, this is anticipated to show sustainable propylene oxide market growth during the forecast period.

However, the availability of substitute products including alkylene carbonate is restricting the adoption of propylene oxide in various applications. Hence, this is anticipated to hamper the market growth.

Key Market Driver -

The rising demand for propylene oxide from construction and food industries to drive the market growth.

Key Market Restraint -

Availability of substitute product to hamper the market growth

Market Segmentation:

Based on application, the propylene oxide market is segmented into polyether polyols, propylene glycol, fumigation, oil demulsifier, adhesives & sealants, and others. Based on end-use industry, the market is segmented into automotive, construction/infrastructure, food and beverages, intermediates, functional fluids, and other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the propylene oxide market include Royal Dutch Shell Plc., Manali Petrochemical Limited, LyondellBasell Industries N.V., Balchem, Huntsman, Ineos Group Limited, The Dow Chemical Company, BASF SE, and Saudi Arabia Basic Industries Corporation.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the highest growth in the propylene market. The growth is attributed to the rising demand for propylene glycol in the food industry, thereby boosting the consumption of propylene oxide. The increasing product adoption in the construction industry will fuel the market growth in North America. Also, increasing the production of adhesive & sealants will surge the product consumption in this region. In Europe, the growth is due to, increasing use of the product in the automotive industry. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the functional fluid and intermediates.

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Segmentation

ATTRIBUTES	DETAILS
By Application	Polyether Polyols Propylene Glycol Fumigation Oil Demulsifier Adhesives & sealants Others
By End-Use Industry	Automotive Construction/Infrastructure Food and Beverages Intermediates Functional Fluids Other
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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