The latest report on Propylene oxide Market by Infinium Global
Research gives complete coverage of the Propylene oxide Market by
application(propylene glycol, polyether polyols, di-propylene glycol, ethers),
production process (chlorohydrin, propylene oxide, propylene oxide butyl
alcohol, propylene oxide ,styrene monomer, hydroperoxide process) in terms of
key trends, market size, forecast and CAGR growth over the period of 2017 to
2023. In addition, the study covers deep dive into key product and applications
trends in the regional markets of Propylene oxide such as North America,
Europe, Asia-Pacific and Latin America over the short run and long run.
Browse Research Report: https://www.infiniumglobalresearch.com/chemical_material/global_propylene_oxide_market
Market Insights
The global propylene oxide market was sized over USD
XX billion in 2015. The global propylene oxide market is projected to grow with
a CAGR between 3.0% and 3.5%. Increasing demand for polyether polyols, which is
mainly used in the production of polyurethanes and for several end user
applications such as packaging, footwear, construction and furniture is the prime factor
driving the growth of global propylene oxide market. Furthermore, huge demand
for propylene glycol as a construction chemical to be used in paints,
adhesives, waterproofing material and coatings will drive the propylene oxide
market globally over the forecast period.
Moreover, rising demand for polyurethanes in the
automotive industry, sealants and thermal industries which in turn drive the global
propylene oxide market as polyurethanes are manufactured using propylene oxide.
However, toxic nature of propylene oxide and volatility in raw material prices
required for the manufacturing of propylene oxide are the key factors
restraining the growth of global propylene oxide market over the forecast
period. Nevertheless, rapid industrialization linked with increasing disposable
income and growing manufacturing base in developing economies will bring more
opportunities to the global propylene oxide market. Hence, emerging substitutes
for propylene oxide such as alkylene carbonate will be the major challenge
faced by the global propylene oxide market over the forecast period.
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Segments Covered:
The report segments the propylene oxide market by
application, by production process and by region. Market segmentation based on
application includes propylene glycol, polyether polyols, di-propylene glycol,
glycol ethers and others. Moreover, the global propylene oxide market based on
production process is segmented into chlorohydrin process, propylene oxide only
cumene-based process, propylene oxide (PO)/tertiary butyl alcohol (TBA) process,
propylene oxide (PO)/styrene monomer (SM) process, hydroperoxide process and
others.
Geographic Coverage and Analysis:
The report
provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, Latin America and Rest of the World. In this section the key
trends and market size for each geography is provided over the period of 2017 –
2023.
Asia Pacific
is the largest region in propylene oxide market owing to more than 60% market
share and is likely to continue its dominance due to rapid growth in
construction and automotive industry. Moreover, Asia Pacific is likely to grow
at the highest CAGR rate over the forecast period due to increasing production
capacity in polyurethanes and high availability of raw materials for the
production of propylene oxide especially in China and India. Followed by Asia
Pacific, North America and Europe was accounted as the second largest market in
terms of consumption of propylene oxide. Moreover, North America is likely to
witness significant growth due to increasing automotive and electronic industry
across the region. However, Europe is expected to grow moderately due to
stringent environment & safety regulation and economic slowdown.
Nevertheless, RoW and Latin America propylene oxide market is likely to witness
a substantial boom due to developing infrastructure and increasing end use
industries especially in economies such as Brazil, Mexico and Middle East.
Companies Profiled:
The companies covered in the report include
LyondellBasell Industries, The Dow Chemical Company, Asahi Glass Company Ltd.,
BASF SE, Royal Dutch Shell, Huntsman International LLC, SABIC, Repsol, Balchem,
INEOS Group Ltd., Nihon Oxirane Company Ltd., Tokuyama Corp. and Manali
Petrochemical Limited.
Report Highlights:
The report provides deep insights on demand
forecasts, market trends and micro and macro indicators. In addition, this
report provides insights on the factors that are driving and restraining the
demand of propylene oxide globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter’s five forces analysis
and value chain analysis of propylene oxide.
Moreover, the study highlights current market trends
and provides forecast from 2017 to 2023. We also have highlighted future trends
in the propylene oxide market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. Additionally, the
analysis highlights rise and fall in the market shares of the key players in
the market. This report will help manufacturers, suppliers and distributors of
the propylene oxide market to understand the present and future trends in this
market and formulate their strategies accordingly.
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dearth of opportunities for you. With our strategic research approaches and
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