Propylene Oxide Market Size, Analysis, Share & Forecast 2030

Segments - Global Propylene Oxide Market by Production Processes (Chlorohydrin Process, Ethylbenzene Hydroperoxide with Tert-butyl Alcohol Co-product, Cumene Hydroperoxide Process, Ethylbenzene Hydroperoxide with Styrene Co-product, and Epoxidation with Hydrogen Peroxide), Applications (Polyether Polyols, Propylene Glycol, Propylene Glycol Ethers, Polyalkylene Glycols, Fumigation, Oil Demulsifier, and Adhesives & Sealants), End-use Industries (Automotive, Building & Construction, Electronics, Food & Beverages, Packaging, Chemical & Pharmaceutical, Oil & Gas, and Textile & Furnishing), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The global propylene oxide market is projected to expand at a high CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising use of propylene oxide in various industries. Propylene oxide is an organic, highly reactive, colorless, and odorless chemical. It has a molecular formula CH₃CHCH₂O. It is used for the production of a variety of derivatives and end-use products. Propylene oxide is used in the production of polyether (the primary component of polyurethane foams) and propylene glycol. Short-term contact of propylene oxide to humans and animals causes eye and respiratory tract irritation. Propylene oxide acts as a mild central nervous system (CNS) depressant in humans. It releases flammable vapors below normal ambient temperatures. When mixed with air and exposed to a source of ignition, it can burn in the open or explode if confined. Increase in the applications of propylene oxide and its derivatives is projected to boost the sale of propylene oxide during the forecast period.

Global Propylene Oxide Market Key Takeaways

Market Trends, Drivers, Restraints, and Opportunities:

High usage of propylene oxide, as a raw material, for the production of insulators, mattresses, carpets, and cars is projected to fuel the market growth.
Rise in population and increase in urbanization drives the demand for automotive coolants, brakes, and hydraulic fluids that use propylene oxide derivatives and require replacement at regular intervals. This, in turn, drives the need for propylene oxide during the forecast period.
Propylene glycol, which is a derivative of propylene oxide, is used in constructions. This factor is estimated to boost the demand for propylene oxide.
Growth in the use of fast emerging, low-priced alternatives of propylene oxide such as alkylene carbonate is expected to hamper the propylene oxide market.
Fluctuations in prices of propylene oxide and growing awareness about the harmful effects of the production process of propylene oxide on mammals are impeding the market globally.

Scope of the Report:

The report on the global propylene oxide market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Propylene Oxide Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Production Processes (Chlorohydrin Process, Ethylbenzene Hydroperoxide with Tert-butyl Alcohol Co-product, Cumene Hydroperoxide Process, Ethylbenzene Hydroperoxide with Styrene Co-product, and Epoxidation with Hydrogen Peroxide), Applications (Polyether Polyols, Propylene Glycol, Propylene Glycol Ethers, Polyalkylene Glycols, Fumigation, Oil Demulsifier, and Adhesives & Sealants), End-use Industries (Automotive, Building & Construction, Electronics, Food & Beverages, Packaging, Chemical & Pharmaceutical, Oil & Gas, and Textile & Furnishing)
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East &
E Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered	BASF SE, China Petrochemical Corporation, Covestro AG, DuPont, Huntsman International LLC, Shell Companies, Solvay, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., Eastman Chemical Company, Thermo Fisher Scientific, and Balchem Inc.

Global Propylene Oxide Market Segment Insights

Epoxidation with hydrogen peroxide (HPPO) to dominate the market

On the basis of production processes, the global propylene oxide market can be segregated into chlorohydrin process (CPHO), ethylbenzene hydroperoxide with tert-butyl alcohol (TBA) co-product process, cumene hydroperoxide process (CHP), ethylbenzene hydroperoxide with styrene co-product, and epoxidation with hydrogen peroxide (HPPO). Traditional and commonly used processes such as the chlorohydrin process, produces large volumes of chlorinated products; however, it requires high capital costs. Hence, new processes such as epoxidation with hydrogen peroxide are used as substitutes for the chlorohydrin process.

Global Propylene Oxide Market Production Process

Polyether polyols segment to expand at a high CAGR

In terms of applications, the market can be divided into polyether polyols, propylene glycol, propylene glycol ethers, polyalkylene glycols, fumigation, oil demulsifier, and adhesives & sealants. The polyether polyols segment is estimated to hold a substantial share of the market, owing to the increase in the manufacture of refrigerators and freezers and high consumption of polyurethane foam, made using polyether polyols in construction and automotive industries.

Global Propylene Oxide Market Application

Building & construction and automotive segments account for key market share

Based on end-use industries, the propylene oxide market can be segmented into automotive, building & construction, electronics, food & beverages, packaging, chemical & pharmaceutical, oil & gas, and textile & furnishing. Demand for propylene oxide is expected to increase in the automotive industry, as it is used as a solvent for manufacturing carpets, car seats, sealants, and insulators. Propylene oxide derivative and polyurethane are used to manufacture fiberglass and flooring materials.

Global Propylene Oxide Market End Use Industries

Asia Pacific to dominate the global propylene oxide market

In terms of regions, the global market can be classified as North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Rapid growth of the construction and automotive sectors in developing countries of Asia Pacific such as India, China, Vietnam, Indonesia, and Thailand drive the market in the region. For example, China has planned to increase the production of electric vehicles to 7 million by 2025, which in turn, is estimated to drive the demand for propylene oxide. Moreover, propylene oxide and its derivatives are easily available in this region as raw materials. Hence, Asia Pacific is anticipated to hold a dominant share of the global propylene oxide market during the forecast period.

The market in North America is projected to grow, due to the rise in the demand for propylene oxide in the food & beverages and packaging sector. Sales are estimated to reach 4000 KT by the end of 2027. Propylene oxide is widely used in packed foods as a food additive. The use of propylene glycol as nicotine in countries such as Germany, Switzerland, Italy, and the Netherlands is estimated to increase the demand for propylene oxide in Europe.

Segments

The global propylene oxide market can be divided on the basis of production processes, applications, end-use industries, and regions.

Production Processes

Chlorohydrin Process
Ethylbenzene Hydroperoxide with Tert-butyl Alcohol Co-product
Cumene Hydroperoxide Process
Ethylbenzene Hydroperoxide with Styrene Co-product
Epoxidation with Hydrogen Peroxide

Applications

Polyether Polyols
Propylene Glycol
Propylene Glycol Ethers
Polyalkylene Glycols
Fumigation
Oil Demulsifier
Adhesives & sealants

End-use Industries

Automotive
Building & Construction
Electronics
Food & Beverages
Packaging
Chemical & Pharmaceutical
Oil & Gas
Textile & Furnishing

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players Covered

BASF SE
China Petrochemical Corporation
Covestro AG
DuPont
Huntsman International LLC
Shell Companies
Solvay
Sumitomo Chemical Co. Ltd.
Lyondellbasell Industries Holdings B.V.
Eastman Chemical Company
Thermo Fisher Scientific
Balchem Inc.

Competitive Landscape

The global propylene market consists of numerous affluent players such as BASF SE, China Petrochemical Corporation, Covestro AG, DuPont, Huntsman International LLC, Shell Companies, Solvay, Sumitomo Chemical Co., Ltd., Lyondellbasell Industries Holdings B.V., Eastman Chemical Company, Thermo Fisher Scientific, and Balchem Inc.

Global Propylene Oxide Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Propylene Oxide Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Propylene Oxide Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Propylene Oxide Market - Supply Chain
  4.5. Global Propylene Oxide Market Forecast
     4.5.1. Propylene Oxide Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Propylene Oxide Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Propylene Oxide Market Absolute $ Opportunity
5. Global Propylene Oxide Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Propylene Oxide Market Size and Volume Forecast by Applications
     5.3.1. Polyether Polyols
     5.3.2. Propylene Glycol
     5.3.3. Propylene Glycol Ethers
     5.3.4. Polyalkylene Glycols
     5.3.5. Fumigation
     5.3.6. Oil Demulsifier
     5.3.7. Adhesives & sealants
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Propylene Oxide Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Propylene Oxide Market Size and Volume Forecast by End Users
     6.3.1. Automotive
     6.3.2. Building & Construction
     6.3.3. Electronics
     6.3.4. Food & Beverages
     6.3.5. Packaging
     6.3.6. Chemical & Pharmaceutical
     6.3.7. Oil & Gas
     6.3.8. Textile & Furnishing
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Propylene Oxide Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Propylene Oxide Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Propylene Oxide Demand Share Forecast, 2019-2026
8. North America Propylene Oxide Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Propylene Oxide Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Propylene Oxide Market Size and Volume Forecast by Applications
     8.4.1. Polyether Polyols
     8.4.2. Propylene Glycol
     8.4.3. Propylene Glycol Ethers
     8.4.4. Polyalkylene Glycols
     8.4.5. Fumigation
     8.4.6. Oil Demulsifier
     8.4.7. Adhesives & sealants
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Propylene Oxide Market Size and Volume Forecast by End Users
     8.7.1. Automotive
     8.7.2. Building & Construction
     8.7.3. Electronics
     8.7.4. Food & Beverages
     8.7.5. Packaging
     8.7.6. Chemical & Pharmaceutical
     8.7.7. Oil & Gas
     8.7.8. Textile & Furnishing
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Propylene Oxide Demand Share Forecast, 2019-2026
9. Latin America Propylene Oxide Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Propylene Oxide Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Propylene Oxide Market Size and Volume Forecast by Applications
     9.4.1. Polyether Polyols
     9.4.2. Propylene Glycol
     9.4.3. Propylene Glycol Ethers
     9.4.4. Polyalkylene Glycols
     9.4.5. Fumigation
     9.4.6. Oil Demulsifier
     9.4.7. Adhesives & sealants
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Propylene Oxide Market Size and Volume Forecast by End Users
     9.7.1. Automotive
     9.7.2. Building & Construction
     9.7.3. Electronics
     9.7.4. Food & Beverages
     9.7.5. Packaging
     9.7.6. Chemical & Pharmaceutical
     9.7.7. Oil & Gas
     9.7.8. Textile & Furnishing
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Propylene Oxide Demand Share Forecast, 2019-2026
10. Europe Propylene Oxide Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Propylene Oxide Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Propylene Oxide Market Size and Volume Forecast by Applications
     10.4.1. Polyether Polyols
     10.4.2. Propylene Glycol
     10.4.3. Propylene Glycol Ethers
     10.4.4. Polyalkylene Glycols
     10.4.5. Fumigation
     10.4.6. Oil Demulsifier
     10.4.7. Adhesives & sealants
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Propylene Oxide Market Size and Volume Forecast by End Users
     10.7.1. Automotive
     10.7.2. Building & Construction
     10.7.3. Electronics
     10.7.4. Food & Beverages
     10.7.5. Packaging
     10.7.6. Chemical & Pharmaceutical
     10.7.7. Oil & Gas
     10.7.8. Textile & Furnishing
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Propylene Oxide Demand Share Forecast, 2019-2026
11. Asia Pacific Propylene Oxide Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Propylene Oxide Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Propylene Oxide Market Size and Volume Forecast by Applications
     11.4.1. Polyether Polyols
     11.4.2. Propylene Glycol
     11.4.3. Propylene Glycol Ethers
     11.4.4. Polyalkylene Glycols
     11.4.5. Fumigation
     11.4.6. Oil Demulsifier
     11.4.7. Adhesives & sealants
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Propylene Oxide Market Size and Volume Forecast by End Users
     11.7.1. Automotive
     11.7.2. Building & Construction
     11.7.3. Electronics
     11.7.4. Food & Beverages
     11.7.5. Packaging
     11.7.6. Chemical & Pharmaceutical
     11.7.7. Oil & Gas
     11.7.8. Textile & Furnishing
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Propylene Oxide Demand Share Forecast, 2019-2026
12. Middle East & Africa Propylene Oxide Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Propylene Oxide Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Propylene Oxide Market Size and Volume Forecast by Applications
     12.4.1. Polyether Polyols
     12.4.2. Propylene Glycol
     12.4.3. Propylene Glycol Ethers
     12.4.4. Polyalkylene Glycols
     12.4.5. Fumigation
     12.4.6. Oil Demulsifier
     12.4.7. Adhesives & sealants
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Propylene Oxide Market Size and Volume Forecast by End Users
     12.7.1. Automotive
     12.7.2. Building & Construction
     12.7.3. Electronics
     12.7.4. Food & Beverages
     12.7.5. Packaging
     12.7.6. Chemical & Pharmaceutical
     12.7.7. Oil & Gas
     12.7.8. Textile & Furnishing
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Propylene Oxide Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Propylene Oxide Market: Market Share Analysis
  13.2. Propylene Oxide Distributors and Customers
  13.3. Propylene Oxide Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BASF SE
     13.4.2. China Petrochemical Corporation
     13.4.3. Covestro AG
     13.4.4. DuPont
     13.4.5. Huntsman International LLC
     13.4.6. Shell Companies
     13.4.7. Solvay
     13.4.8. Sumitomo Chemical Co. Ltd.
     13.4.9. Lyondellbasell Industries Holdings B.V.
     13.4.10. Eastman Chemical Company