Global Propylene Oxide Market Size Study, By Application, Production Process, End-Use Industry, and Regional Forecasts 2022-2032

Description

The Global Propylene Oxide Market is valued at approximately USD 25.09 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.60% over the forecast period 2024-2032. Propylene oxide, a highly reactive organic compound, is widely used as a crucial intermediate in the production of polyether polyols, propylene glycols, and other derivatives. These derivatives play an indispensable role across multiple industries, such as automotive, construction, and consumer goods manufacturing, due to their excellent insulation properties, lightweight nature, and structural stability. The growing shift towards lightweight materials, energy-efficient insulation, and high-performance adhesives in both automotive and construction applications is significantly driving demand for propylene oxide worldwide.

The increasing adoption of polyurethane foams, which are primarily derived from propylene oxide, is a key factor contributing to market expansion. In the construction sector, polyurethane foams are widely used for insulation, while the automotive industry is leveraging these materials for lightweight vehicle components. Furthermore, polypropylene glycols, another derivative of propylene oxide, are gaining traction in the pharmaceutical and food industries due to their applications in cosmetic formulations, food additives, and drug excipients. However, fluctuating raw material prices and stringent environmental regulations regarding the production and handling of propylene oxide present notable challenges for market growth.

From a regional perspective, Asia-Pacific dominates the global propylene oxide market, with China, India, and Japan emerging as major manufacturing hubs, fueled by rising infrastructure development and the booming automotive industry. Meanwhile, North America and Europe continue to witness steady demand, driven by technological advancements in chemical processing and sustainability initiatives to develop eco-friendly production methods. Additionally, Latin America and the Middle East & Africa are gradually emerging as key markets, propelled by expanding industrialization and increasing demand for advanced materials in various sectors.

Major Market Players Included in This Report:

Dow Inc.
BASF SE
Royal Dutch Shell plc
LyondellBasell Industries N.V.
Huntsman Corporation
Sumitomo Chemical Co., Ltd.
Repsol S.A.
AGC Inc.
SKC Co., Ltd.
Eastman Chemical Company
Ineos Group
Solvay S.A.
Mitsui Chemicals, Inc.
Covestro AG
SABIC

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Application:

Polyether Polyols
Propylene Glycols

By Production Process:

Chlorohydrin Process
Styrene Monomer Process
Cumene-Based Process

By End-Use Industry:

Automotive
Building & Construction

By Regional Outlook:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

Key Takeaways from the Report:

Market estimates and forecasts spanning 2022 to 2032.
Annualized revenue analysis and insights into regional trends.
In-depth study of geographical market distribution with country-level evaluations.
Competitive landscape overview, including major industry players and market share analysis.
Examination of key business strategies and future investment recommendations.
Evaluation of market structure, including demand and supply dynamics.

Chapter 1. Global Propylene Oxide Market Executive Summary

1.1. Global Propylene Oxide Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Production Process
- 1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Propylene Oxide Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Propylene Oxide Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Polyether Polyols and Propylene Glycols
- 3.1.2. Shift Toward Energy-Efficient Insulation and Lightweight Materials
- 3.1.3. Increasing Adoption of Eco-Friendly Production Processes
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Environmental Regulations and Process Complexity
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Strategic Collaborations and Technological Innovations
- 3.3.3. Growth in Sustainable Applications and Eco-Friendly Initiatives

Chapter 4. Global Propylene Oxide Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Propylene Oxide Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Propylene Oxide Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polyether Polyols
- 5.2.2. Propylene Glycols

Chapter 6. Global Propylene Oxide Market Size & Forecasts by Production Process 2022-2032

6.1. Segment Dashboard
6.2. Global Propylene Oxide Market: Production Process Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Chlorohydrin Process
- 6.2.2. Styrene Monomer Process
- 6.2.3. Cumene-Based Process

Chapter 7. Global Propylene Oxide Market Size & Forecasts by End-Use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Propylene Oxide Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Building & Construction

Chapter 8. Global Propylene Oxide Market Size & Forecasts by Region 2022-2032

8.1. Segment Dashboard
8.2. Global Propylene Oxide Market: Regional Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. North America
  - 8.2.1.1. U.S. Market
  - 8.2.1.2. Canada Market
- 8.2.2. Europe
  - 8.2.2.1. UK Market
  - 8.2.2.2. Germany Market
  - 8.2.2.3. France Market
  - 8.2.2.4. Spain Market
  - 8.2.2.5. Italy Market
  - 8.2.2.6. Rest of Europe
- 8.2.3. Asia-Pacific
  - 8.2.3.1. China Market
  - 8.2.3.2. India Market
  - 8.2.3.3. Japan Market
  - 8.2.3.4. Australia Market
  - 8.2.3.5. South Korea Market
  - 8.2.3.6. Rest of Asia-Pacific
- 8.2.4. Latin America
  - 8.2.4.1. Brazil Market
  - 8.2.4.2. Mexico Market
  - 8.2.4.3. Rest of Latin America
- 8.2.5. Middle East & Africa
  - 8.2.5.1. Saudi Arabia Market
  - 8.2.5.2. UAE Market
  - 8.2.5.3. South Africa Market
  - 8.2.5.4. Rest of MEA

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Dow Inc.
- 9.1.2. BASF SE
- 9.1.3. Royal Dutch Shell plc
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Dow Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. LyondellBasell Industries N.V.
- 9.3.3. Huntsman Corporation
- 9.3.4. Sumitomo Chemical Co., Ltd.
- 9.3.5. Repsol S.A.
- 9.3.6. AGC Inc.
- 9.3.7. SKC Co., Ltd.
- 9.3.8. Eastman Chemical Company
- 9.3.9. Ineos Group
- 9.3.10. Solvay S.A.
- 9.3.11. Mitsui Chemicals, Inc.
- 9.3.12. Covestro AG
- 9.3.13. SABIC

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes