According to IMARC Group, the global propylene oxide market is expected to exhibit moderate growth during the next five years.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The market growth can be attributed to the expanding applications of propylene oxide in various end use industries. The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players.
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5. According to the new research report by IMARC Group, the global propylene oxide market grew at a CAGR of around 6% during 2014-
2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
Propylene oxide (C3H6O), also called epoxypropane, is a synthetic cyclic ether generally manufactured by the indirect oxidation of
propylene or the dehydrochlorination of propylene chlorohydrin. It is a clear, volatile, flammable liquid which is non-corrosive to metals,
and soluble in water and alcohol. As a result, it is primarily used in the automotive, electronics, textile and furnishing, and as a raw
material in manufacturing various chemicals.
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Market Trends:
The market growth of propylene oxide is primarily driven by their growing applications in various end-use industries. The polyether polyols
and propylene glycol ethers derived from propylene oxide, are often used in the textile, automotive, construction, and aerospace sectors.
It is also used as a fumigant to contain bacterial contamination and insect infestations in soil and packaged food products. In line with this,
small quantities of propylene oxide help in sterilizing medical equipment. Additionally, it is also employed as a transitional fluid for tissue
processing in transmission electron microscopy (TEM). Apart from this, improving living standards, the expanding food and beverage (F&B)
sector, and the growing health consumer consciousness are propelling the demand for packaged food products, which is driving the
market for propylene oxide.
Report Description
6. Propylene Oxide Market Insights on Market Segmentation:
Historical, Current and Future Market Trends
⢠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
Report Description
7. ⢠Breakup by End Use Industry:
⢠Automotive
⢠Construction
⢠Chemicals and Pharmaceuticals
⢠Packaging
⢠Textile and Furnishing
⢠Others
⢠Breakup by Region:
⢠North America
⢠Asia Pacific
⢠Europe
⢠Latin America
⢠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.
Report Description
8. Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/propylene-oxide-market
Browse Related Report By IMARC Group
Specialty Chemicals Market: https://www.imarcgroup.com/specialty-chemicals-market
Nonwoven Fabrics Market: https://www.imarcgroup.com/nonwoven-fabrics-market
Key Questions Answered in This Report:
â˘How has the global propylene oxide market performed so far and how will it perform in the coming years?
â˘What has been the impact of COVID-19 on the global propylene oxide market?
â˘What are the key regional markets?
â˘What is the breakup of the market based on the production process?
â˘What is the breakup of the market based on the application?
â˘What is the breakup of the market based on the end use industry?
â˘What are the various stages in the value chain of the industry?
â˘What are the key driving factors and challenges in the industry?
â˘What is the structure of the global propylene oxide market and who are the key players?
â˘What is the degree of competition in the industry?
Report Description
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