Propylene Oxide Trends and Forecast
The future of the global propylene oxide market looks promising with opportunities in the electronic, packaging, chemical and pharmaceutical, building & construction, and automotive applications. The global propylene oxide market is expected to reach an estimated $34.5 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing demand for polyurethane foam products in industries and expanding usage of this substrate in insulation and structural applications.Propylene Oxide by Segment
The study includes a forecast for the global propylene oxide by type, production process, end use industry, and region.Propylene Oxide Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Polyether Polyols
- Glycol Ethers
- Propylene Glycol
- Others
Propylene Oxide Market by Production Process [Shipment Analysis by Value from 2018 to 2030]
- Chlorohydrin Process (CHPO)
- Styrene Monomer Process
- Hydrogen Peroxide Process
- TBA Co-Product Process
- Cumene-Based Process
Propylene Oxide Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Electronics
- Packaging
- Chemical and Pharmaceutical
- Building and Construction
- Automotive
- Others
Propylene Oxide Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Propylene Oxide Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies propylene oxide companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the propylene oxide companies profiled in this report include-- SKC
- Sumitomo Chemicals
- Tokuyama
- Repsol
- AGC Chemicals
Propylene Oxide Market Insights
The publisher forecasts that polyether polyol is expected to witness the highest growth over the forecast period due to its rising usage as a solvent, in the antifreeze, food, plastic, and perfume industries.Within this market, automotive will remain the largest segment due to significant usage of propylene oxide in this sector for a variety of applications, such as car seats, hand rests, floor coverings, over liners, and other interior, external, and under-the-hood products.
APAC will remain the largest region over the forecast period due to rapid industrialization and urbanization, growing population's disposable income, and expanding demand for polypropylene from the automotive, packaging, and construction industries of the region.
Features of the Global Propylene Oxide Market
- Market Size Estimates: Propylene oxide market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Propylene oxide market size by type, production process, end use industry, and region in terms of value ($B).
- Regional Analysis: Propylene oxide market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, production processes, end use industries, and regions for the propylene oxide market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the propylene oxide market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the propylene oxide market size?Answer: The global propylene oxide market is expected to reach an estimated $34.5 billion by 2030.
Q2. What is the growth forecast for propylene oxide market?
Answer: The global propylene oxide market is expected to grow with a CAGR of 5.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the propylene oxide market?
Answer: The major drivers for this market are growing demand for polyurethane foam products in industries and expanding usage of this substrate in insulation and structural applications.
Q4. What are the major segments for propylene oxide market?
Answer: The future of the propylene oxide market looks promising with opportunities in the electronic, packaging, chemical and pharmaceutical, building & construction, and automotive applications.
Q5. Who are the key propylene oxide market companies?
Answer: Some of the key propylene oxide companies are as follows:
- SKC
- Sumitomo Chemicals
- Tokuyama
- Repsol
- AGC Chemicals
Answer: The publisher forecasts that polyether polyol is expected to witness the highest growth over the forecast period due to its rising usage as a solvent, in the antifreeze, food, plastic, and perfume industries.
Q7. In propylene oxide market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid industrialization and urbanization, growing population's disposable income, and expanding demand for polypropylene from the automotive, packaging, and construction industries of the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the propylene oxide market by type (polyether polyols, glycol ethers, propylene glycol, and others), production process (chlorohydrin process (chpo), styrene monomer process, hydrogen peroxide process, tba co-product process, and cumene-based process), end use industry (electronics, packaging, chemical and pharmaceutical, building and construction, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Propylene Oxide Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- SKC
- Sumitomo Chemicals
- Tokuyama
- Repsol
- AGC Chemicals
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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