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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Propylene Oxide Market - By Application
1.3.2 Propylene Oxide Market - By End Use Industry
1.3.3 Propylene Oxide Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PROPYLENE OXIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROPYLENE OXIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROPYLENE OXIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. PROPYLENE OXIDE - GLOBAL MARKET OVERVIEW
6.2. PROPYLENE OXIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROPYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. POLYETHER POLYOLS
7.3.1. Overview
7.3.2. Polyether Polyols Market Forecast and Analysis
7.4. PROPYLENE GLYCOL
7.4.1. Overview
7.4.2. Propylene Glycol Market Forecast and Analysis
7.5. PROPYLENE GLYCOL
7.5.1. Overview
7.5.2. Propylene Glycol Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PROPYLENE OXIDE MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. PAINTS AND COATINGS
8.4.1. Overview
8.4.2. Paints and Coatings Market Forecast and Analysis
8.5. OIL AND GAS
8.5.1. Overview
8.5.2. Oil and Gas Market Forecast and Analysis
8.6. FOOD
8.6.1. Overview
8.6.2. Food Market Forecast and Analysis
8.7. TRANSPORTATION
8.7.1. Overview
8.7.2. Transportation Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. PROPYLENE OXIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Propylene Oxide Market Overview
9.1.2 North America Propylene Oxide Market Forecasts and Analysis
9.1.3 North America Propylene Oxide Market Forecasts and Analysis - By Application
9.1.4 North America Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Propylene Oxide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Propylene Oxide Market
9.1.5.1.1 United States Propylene Oxide Market by Application
9.1.5.1.2 United States Propylene Oxide Market by End Use Industry
9.1.5.2 Canada Propylene Oxide Market
9.1.5.2.1 Canada Propylene Oxide Market by Application
9.1.5.2.2 Canada Propylene Oxide Market by End Use Industry
9.1.5.3 Mexico Propylene Oxide Market
9.1.5.3.1 Mexico Propylene Oxide Market by Application
9.1.5.3.2 Mexico Propylene Oxide Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Propylene Oxide Market Overview
9.2.2 Europe Propylene Oxide Market Forecasts and Analysis
9.2.3 Europe Propylene Oxide Market Forecasts and Analysis - By Application
9.2.4 Europe Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Propylene Oxide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Propylene Oxide Market
9.2.5.1.1 Germany Propylene Oxide Market by Application
9.2.5.1.2 Germany Propylene Oxide Market by End Use Industry
9.2.5.2 France Propylene Oxide Market
9.2.5.2.1 France Propylene Oxide Market by Application
9.2.5.2.2 France Propylene Oxide Market by End Use Industry
9.2.5.3 Italy Propylene Oxide Market
9.2.5.3.1 Italy Propylene Oxide Market by Application
9.2.5.3.2 Italy Propylene Oxide Market by End Use Industry
9.2.5.4 United Kingdom Propylene Oxide Market
9.2.5.4.1 United Kingdom Propylene Oxide Market by Application
9.2.5.4.2 United Kingdom Propylene Oxide Market by End Use Industry
9.2.5.5 Russia Propylene Oxide Market
9.2.5.5.1 Russia Propylene Oxide Market by Application
9.2.5.5.2 Russia Propylene Oxide Market by End Use Industry
9.2.5.6 Rest of Europe Propylene Oxide Market
9.2.5.6.1 Rest of Europe Propylene Oxide Market by Application
9.2.5.6.2 Rest of Europe Propylene Oxide Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Propylene Oxide Market Overview
9.3.2 Asia-Pacific Propylene Oxide Market Forecasts and Analysis
9.3.3 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Propylene Oxide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Propylene Oxide Market
9.3.5.1.1 Australia Propylene Oxide Market by Application
9.3.5.1.2 Australia Propylene Oxide Market by End Use Industry
9.3.5.2 China Propylene Oxide Market
9.3.5.2.1 China Propylene Oxide Market by Application
9.3.5.2.2 China Propylene Oxide Market by End Use Industry
9.3.5.3 India Propylene Oxide Market
9.3.5.3.1 India Propylene Oxide Market by Application
9.3.5.3.2 India Propylene Oxide Market by End Use Industry
9.3.5.4 Japan Propylene Oxide Market
9.3.5.4.1 Japan Propylene Oxide Market by Application
9.3.5.4.2 Japan Propylene Oxide Market by End Use Industry
9.3.5.5 South Korea Propylene Oxide Market
9.3.5.5.1 South Korea Propylene Oxide Market by Application
9.3.5.5.2 South Korea Propylene Oxide Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Propylene Oxide Market
9.3.5.6.1 Rest of Asia-Pacific Propylene Oxide Market by Application
9.3.5.6.2 Rest of Asia-Pacific Propylene Oxide Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Propylene Oxide Market Overview
9.4.2 Middle East and Africa Propylene Oxide Market Forecasts and Analysis
9.4.3 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Propylene Oxide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Propylene Oxide Market
9.4.5.1.1 South Africa Propylene Oxide Market by Application
9.4.5.1.2 South Africa Propylene Oxide Market by End Use Industry
9.4.5.2 Saudi Arabia Propylene Oxide Market
9.4.5.2.1 Saudi Arabia Propylene Oxide Market by Application
9.4.5.2.2 Saudi Arabia Propylene Oxide Market by End Use Industry
9.4.5.3 U.A.E Propylene Oxide Market
9.4.5.3.1 U.A.E Propylene Oxide Market by Application
9.4.5.3.2 U.A.E Propylene Oxide Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Propylene Oxide Market
9.4.5.4.1 Rest of Middle East and Africa Propylene Oxide Market by Application
9.4.5.4.2 Rest of Middle East and Africa Propylene Oxide Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Propylene Oxide Market Overview
9.5.2 South and Central America Propylene Oxide Market Forecasts and Analysis
9.5.3 South and Central America Propylene Oxide Market Forecasts and Analysis - By Application
9.5.4 South and Central America Propylene Oxide Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Propylene Oxide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Propylene Oxide Market
9.5.5.1.1 Brazil Propylene Oxide Market by Application
9.5.5.1.2 Brazil Propylene Oxide Market by End Use Industry
9.5.5.2 Argentina Propylene Oxide Market
9.5.5.2.1 Argentina Propylene Oxide Market by Application
9.5.5.2.2 Argentina Propylene Oxide Market by End Use Industry
9.5.5.3 Rest of South and Central America Propylene Oxide Market
9.5.5.3.1 Rest of South and Central America Propylene Oxide Market by Application
9.5.5.3.2 Rest of South and Central America Propylene Oxide Market by End Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PROPYLENE OXIDE MARKET, KEY COMPANY PROFILES
11.1. AGC CHEMICALS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HUNTSMAN INTERNATIONAL LLC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. REPSOL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ROYAL DUTCH SHELL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SK CHEMICALS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUMITOMO CHEMICAL CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE DOW CHEMICALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOKUYAMA CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AGC Chemicals
2. BASF SE
3. Huntsman International LLC.
4. LyondellBasell Industries Holdings B.V.
5. Repsol
6. Royal Dutch Shell
7. SK Chemicals
8. Sumitomo Chemical Co., Ltd.
9. The Dow Chemicals
10. Tokuyama Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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