Propylene Oxide Market size was valued at USD 24.36 Bn in 2022 and is expected to reach USD 36.87 Bn by 2029, at a CAGR of 6.1 %.
Propylene Oxide Market Overview:
In-depth market forecasting and analysis reveal a promising trajectory for the global Propylene Oxide market, with projections spanning from 2021 to 2027. The market is poised for substantial growth, driven by heightened demand for Propylene Oxide.
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Propylene Oxide Market Report Scope:
This comprehensive report provides a thorough examination of current and emerging trends in the Propylene Oxide market. With a focus on key product positions and competitor strategies, the analysis encompasses technology, end-user, and type categories, offering insights into the entire Propylene Oxide market environment.
Propylene Oxide Market Research Methodology:
In the chemical industry, propylene oxide (PO) is a very versatile chemical molecule. with the C3H6O chemical formula. It has an ethereal scent and appears as a clear, colorless, volatile liquid. Propylene oxide has the following values: -35 °F for the flashpoint, 95 °F for the boiling point, and 6.9 lb/gal for the density.
Propylene Oxide Market Dynamics:
Polyurethane finds application in the manufacturing of fibers, elastomers, varnishes, sealants, and both stiff and flexible foams. The construction, automotive, furniture, packaging, footwear, and electronics sectors all make extensive use of these applications. The market for propylene oxide is growing due to the increasing demand for it from the many uses of polyurethane.
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Propylene Oxide Market Segmentation:
by Production Method
Propylene Oxidation
Chlorohydrin Process
by Application
Polyether Polyols
Propylene Glycol
Glycol Ethers
Others
by End User
Automotive
Construction
Packaging
Furniture and Bedding
Electronics
Pharmaceuticals
Personal Care
Propylene Oxide Market Key Players:
1. Dow Inc. (US)
2. LyondellBasell Industries Holdings B.V. (Netherlands)
3. Shell PLC (Netherlands)
4. BASF SE (Germany)
5. SKC Company (South Korea)
6. AGC Inc. (Japan)
7. Repsol (Spain)
8. Sumitomo Chemical Co., Ltd.(Japan)
9. Indorama Ventures Public Company(Thailand)
10. INEOS Oxide(Switzerland)
11. Jishen Chemical Industry Co., (China)
12. Manali Petrochemicals(India)
13. Tianjin Dagu Chemical Co., Ltd.(China)
14. PJSC Nizhenekamskneftekhim (Russia)
15. PCC Rokita(Poland)
16. Wudi XXINYUE Chemical Co., Ltd (China)
17. Oltchim S.A. (Ukraine)
18. Wanhua Chemical Group Co. Ltd.(China)
19. S-OIL Corporation(South Korea)
20. Tokyo Chemical Industry Co., Ltd.(Japan)
21. Befar group (China)
22. Merck KGaA(Germany)
Propylene Oxide Market Regional Insights:
The regional segment delves into individual market influencers, changes in market laws, and global players' presence and challenges. It incorporates downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies to anticipate market scenarios across regions.
Propylene Oxide Market COVID-19 Impact Analysis:
Highlighting the significant influence of the COVID-19 pandemic on the global Propylene Oxide market, the report discusses production halts, manpower shortages, and the ensuing economic slump. Anticipating a transient impact, the report forecasts a revival in early 2021 due to increased demand for Propylene Oxide.
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Propylene Oxide Market Key Questions Answered:
- Which segment dominated the Propylene Oxide market share?
- What was the competitive scenario in the Propylene Oxide market in 2020?
- What are the key growth factors for the Propylene Oxide market?
- Which region held the largest share in the Propylene Oxide market in 2020?
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