The propylene oxide market is projected to grow from USD 13.43 Billion in 2017 to USD 17.53 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.
Increased demand for propylene oxide from the end-use industries such as automotive, building & construction, textile & furnishing, chemical & pharmaceutical, packaging, and electronics is expected to fuel the growth of the propylene oxide market during the forecast period. Propylene is the major raw material required for the production of propylene oxide. It is manufactured from crude oil. Any change in the cost of this basic raw material directly impacts the production chain of propylene oxide. Hence, the volatility in the price of raw material acts as a restraint on the growth of the propylene oxide market.
By application, the polyether polyols segment led the propylene oxide market in 2016. The growth of this segment can be attributed to increasing demand for polyurethane foam from the end-use industries, such as automotive, building & construction, and textile & furnishing.
By production process, the chlorohydrin segment led the propylene oxide market in 2016. The chlorohydrin production process is the oldest propylene oxide production process. The Dow Chemical Company, which is the largest producer of propylene oxide in the world, uses chlorohydrin process for the production of propylene oxide.
- Asahi Glass Co.
- Huntsman International
- Lyondellbasell Industries Holdings
- Royal Dutch Shell
- Sumitomo Chemicals Co.
- The Dow Chemical Company
- Tokuyama Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Propylene Oxide Market, By Application
7 Propylene Oxide Market, By Production Process
8 Propylene Oxide Market, By End-Use Industry
9 Propylene Oxide Market, By Region
10 Competitive Landscape
11 Company Profiles
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