MARKET INTRODUCTION
Propylene oxide is defined as the colorless volatile liquid which used in the production of polyether polyols, which is further utilized to produce polyurethane plastics. It is considered as an organic compound which can be formed by the process of hydrochorination or oxidation process. Propylene oxide is used across several applications such as automotive, building and construction, chemical and phamaceutical and other industries. Further, propylene oxide is regarded as an certified compound which is used in food industry so as to reduce bacteria and microbes in food products.
MARKET DYNAMICS
The propylene oxide market has witnessed a significant growth owing to factors such as growing demand for polyether polyols for manufacturing of polyurethane. Further, increase in per capita income of consumers along with rapid industrialization is significantly increasing their demand in the global market. However, unexpected fluctuations in raw material is projected to hamper the propylene oxide market growth over the projected period. Nevertheless, rising infrastructure spending in emerging economies, like China, India, and Brazil is further expected to fuel the growth of the market.
MARKET SCOPE
The "Global Propylene Oxide Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the propylene oxide market with detailed market segmentation by type and geography. The global propylene oxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading propylene oxide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global propylene oxide market is segmented on the basis of production process, application and end use industry. On the basis of production process, the propylene oxide market is segmented into Chlorohydrin Process (CHPO), Ethylbenzene Hydroperoxide with Tert-butyl alcohol co-product (POTBA), Cumene Hydroperoxide Process (CHP), Ethylbenzene Hydroperoxide with Styrene co-product (POSM) and Epoxidation with Hydrogen Peroxide (HPPO). On the basis of application, the propylene oxide market is segmented into polyether polyols, propylene glycols, Propylene Glycol Ethers (PGE), polyalkylene glycols and other end products. On the basis of end-user industry, the propylene oxide market is segmented into automotive, construction / infrastructure, food & beverage, intermediates, functional fluids and other end-user industries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global propylene oxide market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The propylene oxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the propylene oxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the propylene oxide market in these regions.
MARKET PLAYERS
The reports cover key developments in the propylene oxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from propylene oxide market are anticipated to lucrative growth opportunities in the future with the rising demand for propylene oxide in the global market. Below mentioned is the list of few companies engaged in the propylene oxide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the propylene oxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asahi Glass Co., Ltd.
- BASF SE
- Huntsman Corporation
- LyondellBasell Industries N.V.
- Repsol S.A.
- Royal Dutch Shell plc
- SK Chemicals
- Sumitomo Group
- The Dow Chemical Company
- Tokuyama Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.