Propylene Oxide Market

Market Overview:

The global propylene oxide market exhibited moderate growth during 2015-2020. 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, the global propylene oxide market is expected to grow at a CAGR of around 5% during 2021-2026.

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 2021-2026. Our report has categorized the market based on region, production process, application and end use industry.

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?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Propylene Oxide Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Production Process
    6.1    Chlorohydrin Process (CHPO)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Styrene Monomer Process
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hydrogen Peroxide Process
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    TBA Co-Product Process
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Cumene-based Process
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Application
    7.1    Polyether Polyols
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Propylene Glycols
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Propylene Glycol Ethers (PGE)
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Polyalkylene Glycols
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Automotive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Construction
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Chemicals and Pharmaceuticals
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Packaging    
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Textile and Furnishing
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AGC Chemicals Americas Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Air Liquide S.A.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    BASF SE
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Dow Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials 
        14.3.5    Eastman Chemical Company
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials 
           14.3.5.4 SWOT Analysis
        14.3.6    Huntsman International LLC
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Ineos Chemicals Company
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials 
        14.3.8    LyondellBasell Industries Holdings B.V.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Mitsui Chemicals
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials 
           14.3.9.4 SWOT Analysis
        14.3.10    Repsol S.A.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials 
           14.3.10.4 SWOT Analysis
        14.3.11    Royal Dutch Shell PLC
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials 
        14.3.12    Saudi Arabia Basic Industries Corporation (Saudi Aramco)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials 
           14.3.12.4 SWOT Analysis
        14.3.13    SK Chemicals Co. Ltd.
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
           14.3.13.3 Financials 
        14.3.14    Sumitomo Chemical Co. Ltd.
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
           14.3.14.3 Financials 
           14.3.14.4 SWOT Analysis
        14.3.15    Tokuyama Corporation
           14.3.15.1 Company Overview
           14.3.15.2 Product Portfolio 
           14.3.15.3 Financials 
           14.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Propylene Oxide Market: Major Drivers and Challenges
Figure 2: Global: Propylene Oxide Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Propylene Oxide Market: Breakup by Production Process (in %), 2020
Figure 4: Global: Propylene Oxide Market: Breakup by Application (in %), 2020
Figure 5: Global: Propylene Oxide Market: Breakup by End Use Industry (in %), 2020
Figure 6: Global: Propylene Oxide Market: Breakup by Region (in %), 2020
Figure 7: Global: Propylene Oxide Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Propylene Oxide (Chlorohydrin Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Propylene Oxide (Chlorohydrin Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Propylene Oxide (Styrene Monomer Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Propylene Oxide (Styrene Monomer Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Propylene Oxide (Hydrogen Peroxide Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Propylene Oxide (Hydrogen Peroxide Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Propylene Oxide (TBA Co-Product Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Propylene Oxide (TBA Co-Product Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Propylene Oxide (Cumene-based Process) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Propylene Oxide (Cumene-based Process) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Propylene Oxide (Polyether Polyols) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Propylene Oxide (Polyether Polyols) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Propylene Oxide (Propylene Glycols) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Propylene Oxide (Propylene Glycols) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Propylene Oxide (Propylene Glycol Ethers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Propylene Oxide (Propylene Glycol Ethers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Propylene Oxide (Polyalkylene Glycols) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Propylene Oxide (Polyalkylene Glycols) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Propylene Oxide (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Propylene Oxide (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Propylene Oxide (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Propylene Oxide (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Propylene Oxide (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Propylene Oxide (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Propylene Oxide (Packaging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Propylene Oxide (Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Propylene Oxide (Textile and Furnishing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Propylene Oxide (Textile and Furnishing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Propylene Oxide (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Propylene Oxide (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: North America: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: United States: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: United States: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Canada: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Canada: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Asia Pacific: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Asia Pacific: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: China: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: China: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Japan: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Japan: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: India: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: India: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: South Korea: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: South Korea: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Australia: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Australia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Indonesia: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Indonesia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Others: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Europe: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Europe: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Germany: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Germany: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: France: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: France: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: United Kingdom: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: United Kingdom: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Italy: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Italy: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Spain: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Spain: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Russia: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Russia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Latin America: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Latin America: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Brazil: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Brazil: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Mexico: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Mexico: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Middle East and Africa: Propylene Oxide Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Middle East and Africa: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Global: Propylene Oxide Industry: SWOT Analysis
Figure 89: Global: Propylene Oxide Industry: Value Chain Analysis
Figure 90: Global: Propylene Oxide Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Propylene Oxide Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Propylene Oxide Market Forecast: Breakup by Production Process (in Million US$), 2021-2026
Table 3: Global: Propylene Oxide Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Propylene Oxide Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Propylene Oxide Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Propylene Oxide Market: Competitive Structure
Table 7: Global: Propylene Oxide Market: Key Players