PropyleneOxide Market is expected to reach USD 22.10 Billion by 2026 from USD 12.82Billion in 2016 at a CAGR of 5.6%.
Risinguse of polyurethanes in sealants, thermal insulators, and flooring materialswill drive market growth. Growing automotive sector in various countriesincluding in China, Mexico, the U.S., and India is expected to increase marketpenetration over the projected period. Propylene oxide as a chemicalintermediate to produce elastomers, adhesives, flexible and rigid foams,coatings, and injection moldings, which find wide applications in gasolinetanks, tub-shower combinations, and boat hulls. Rising consumption of theproduct in the production of substances including propylene glycols,polyalkylene glycols, and propylene glycol ethers will supplement marketexpansion. High consumption in defoamers, lubricants, oil-field chemicals,greases, wetting agents, latex paints, and water scavengers will augmentindustry-penetration.
Propyleneoxide market based on production process has been segmented into chlorohydrinprocess, hydrogen peroxide process, styrene monomer process, TBA co-productprocess and cumene-based process. Chlorohydrin process is holds the major shareof market and hydrogen peroxide process segment is expected to grow at a highCAGR during the forecast period.
Polyetherpolyol segment based on application is expected to grow at a high CAGRattributed to the increasing demand for polyurethane foams from several end-useindustries, such as building & construction, automotive, textile &furnishing and packaging.
Geographically,the propylene oxide market based on North America, Europe, Asia Pacific, MiddleEast & Africa and Latin America. Asia Pacific is expected to be one of thelargest markets for propylene oxide. Increasing demand for propylene oxide fromthe end-use industries, such as automotive, building & construction andtextile & furnishing across countries such as China, Japan and India inthis region.
Scopeof the Report:
PropyleneOxide Market, by Production Process:
•Hydrogen Peroxide Process
•Styrene Monomer Process
• TBACo-Product Process
PropyleneOxide Market, by Application:
PropyleneOxide Market, by End-use Industry:
•Textile & Furnishing
•Building & Construction
•Chemical & Pharmaceutical
PropyleneOxide Market, by Geography:
•Middle East & Africa
KeyPlayer Analysed in the Report:
• TheDow Chemical Company (US)
•LyondellBasell Industries (Netherlands)
•Royal Dutch Shell (Netherlands)
•Huntsman Corporation (US)
•Asahi Glass Company (Japan)
•Sumitomo Chemical Company (Japan)
• SKCCo. (South Korea)
•Tokuyama Corporation (Japan)
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