The global propylene oxide market size reached US$ 21.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals 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,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Propylene Oxide
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global propylene oxide market size reached US$
21.0 Billion in 2023.
Propylene oxide is a colorless synthetic cyclic ether with the chemical formula
C3H6O. It is a highly flammable and volatile liquid that is easily soluble in
water as well as miscible with organic solvents. It is commonly obtained by the
indirect oxidation of propylene or the dehydrochlorination of propylene
chlorohydrin. It is synthetic in nature and is non-corrosive to metals.
It is widely utilized as a chemical intermediate for producing polyethers and
propylene glycol. Apart from this, it is also utilized as a fumigant for controlling
insect infestations and bacterial contamination in soil and packaged food
products. Consequently, it finds extensive application across the electronics,
automotive, textile and chemicals sectors.
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4. Report Description
Global Propylene Oxide Market Trends:
The global market is majorly driven by significant growth in the construction sector. Since propylene oxide is
widely utilized in numerous building applications, such as adhesives, sealants, coatings, thermal insulators and
flooring materials, this is providing an impetus to the market growth. Moreover, the increasing utilization of this
ether in the manufacturing of numerous packaged food products is creating a positive outlook for the market.
This is also supported by the changing lifestyle preferences of the masses and their inflating per capita income
levels. Furthermore, the rising product utilization in numerous end use industries, such as textile, automotive and
aerospace sectors, is contributing to the market growth.
Looking forward, the market is expected to grow at a CAGR of 4.8% during 2024-2032.
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5. Report
Segmentation
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
6. Report
Segmentation
Breakup by End Use Industry:
• Automotive
• Construction
• Chemicals and Pharmaceuticals
• Packaging
• Textile and Furnishing
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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
8. Key Questions
Answered in
the Report
How big is the global propylene oxide market?
What is the expected growth rate of the global propylene oxide
market during 2024-2032?
What are the key factors driving the global propylene oxide market?
What has been the impact of COVID-19 on the global propylene
oxide market?
What is the breakup of the global propylene oxide market based on
the production process?
What is the breakup of the global propylene oxide market based on
the application?
What is the breakup of the global propylene oxide market based on
the end use industry?
What are the key regions in the global propylene oxide market?
Who are the key players/companies in the global propylene oxide
market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Propylene Oxide Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Production Process
6.1 Chlorohydrin Process (CHPO)
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Styrene Monomer Process
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Hydrogen Peroxide Process
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 TBA Co-Product Process
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 Cumene-based Process
6.5.1 Mark et Trends
6.5.2 Mark et Forecast
7 Market Breakup by Application
7.1 Polyether Polyols
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Propylene Glycols
7.2.1 Mark et Trends
7.2.2 Market Forecast
7.3 Propylene Glycol Ethers (PGE)
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Polyalk ylene Glycols
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Mark et Trends
7.5.2 Mark et Forecast
8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
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