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Propylene Oxide Market Size, Share, Industry Trends and Forecast to 2030

Propylene Oxide Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Propylene Oxide Market Size & CAGR in 2021

The global propylene oxide market is anticipated to have a growth rate of 4.5% CAGR from 2021 to 2028. As a result, the market is expected to reach a value of USD 15.6 billion by the end of 2028. The increasing demand for propylene oxide in various end-use industries such as automotive, construction, and electronics is driving market growth.

COVID-19 Impact on the Propylene Oxide Market

The COVID-19 pandemic had a significant impact on the propylene oxide market. The global lockdowns and restrictions imposed to curb the spread of the virus led to a decrease in the production and demand for propylene oxide. However, as the economies are gradually recovering, the market is expected to witness a rebound in the coming years.

Propylene Oxide Dynamics

Propylene oxide is a highly versatile chemical that is used in the production of various products such as polyurethane foams, glycol ethers, and propylene glycol. The growing demand for these products in end-use industries such as automotive, construction, and packaging is driving the growth of the propylene oxide market. Additionally, increasing investments in research and development activities to enhance the properties of propylene oxide are expected to create lucrative opportunities for market growth.

Segments and Related Analysis

The propylene oxide market can be segmented based on production method, application, and end-use industry. By production method, the market is categorized into chlorohydrin process, styrene monomer process, and TBA co-product process. In terms of application, propylene oxide is used in the production of polyurethane, propylene glycol, glycol ethers, and other applications. The end-use industries of propylene oxide include automotive, construction, electronics, and healthcare.

By Region Analysis

Regionally, Asia Pacific is expected to dominate the propylene oxide market due to the presence of key manufacturing hubs and growing demand for end-use products in countries like China, India, and Japan. North America and Europe are also anticipated to witness significant growth in the market, driven by the increasing investments in research and development activities and the rising demand for environmentally friendly products.

Key Market Players and Competitive Landscape

Some of the key players in the propylene oxide market include BASF SE, The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Shell Chemicals, and Huntsman Corporation. These companies are focusing on strategic mergers, acquisitions, and partnerships to expand their market presence and gain a competitive edge in the industry.

Recent Happenings in the Propylene Oxide Market

In recent years, the propylene oxide market has witnessed several developments, such as the launch of new products, strategic collaborations, and investments in research and development activities. For instance, in 2020, BASF SE announced the development of a new eco-friendly propylene oxide production process that reduces carbon emissions. Such advancements are expected to drive the growth of the propylene oxide market in the coming years.

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