Propylene Oxide Market Size, Growth, Price Trends & Forecast, 2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Propylene Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global propylene oxide market grew at a CAGR of around 6% during 2014-2019. Propylene oxide (C₃H₆O), also known as epoxypropane, is a synthetic cyclic ether majorly produced by either the dehydrochlorination of propylene chlorohydrin or the indirect oxidation of propylene. It is a clear, volatile liquid that is flammable, non-corrosive to metals, and soluble in water and alcohol. As a result, it is extensively utilized in the automotive, electronics, textile & furnishing, and as a precursor in the production of various chemicals. It is also applied as a fumigant for controlling bacterial contamination and insect infestations in soil and packaged food products. Besides this, minor quantities of propylene oxide are used for sterilizing medical equipment.

The market growth can be attributed to the expanding applications of propylene oxide in various end use industries. For instance, polyether polyols and propylene glycol ethers produced from propylene oxide, are widely utilized in the textile, automotive, construction and aerospace industries. It is also used as a transition fluid in tissue processing for transmission electron microscopy (TEM). Apart from this, changing lifestyles, burgeoning food and beverage (F&B) industry and the growing health consciousness among individuals are escalating the demand for packaged food products, which, in turn, is contributing to the market growth. Currently, on account of the spread of the coronavirus disease (COVID-19), lockdowns have been imposed by governments of numerous countries as a preventive measure to contain the pandemic. Consequently, operational activities of various industries have been adversely affected, which, in turn, is negatively impacting the market growth. However, the sales of propylene oxide are expected to increase once normalcy is regained. Looking forward, IMARC Group expects the global propylene oxide market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global propylene oxide market, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, production process, application and end-user.

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

Breakup by End Use Industry:

Automotive
Construction
Chemicals and Pharmaceuticals
Packaging
Textile and Furnishing
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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. and Tokuyama Corporation.

Key Questions Answered in This Report:

How has the global propylene oxide market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global propylene oxide market?
What are the key regional markets?
What is the breakup of the market based on the production process?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global propylene oxide market and who are the key players?
What is the degree of competition in the industry?