Global Propylene Oxide Market Overview, 2025-30
Description
Global Propylene Oxide Market consist a critical class of organic chemical compounds mostly used as intermediates in the production of polyether polyols, propylene glycol and other derivatives. downstream chemicals are essential for manufacturing polyurethane foams automotive parts, coatings, adhesives and a wide range of consumer and industrial products. The growing propylene oxide demand because of the increased emphasis on creating products that meet strict health and safety standards is positively influencing the market. Its ability to formulate products that meet safety standards has made it an essential component in various applications. The global emphasis on enhancing agricultural productivity is fostering innovation in farming practices, including the use of advanced chemicals such as herbicides and insecticides. For instance, the chlorohydrin process and the PO/TBA (tert-butyl alcohol) process are the two primary methods of production, with the PO/TBA process gaining popularity due to its environmental advantages. In January 2020, Indorama Ventures Public Company Ltd. acquired Integrated Oxides and Derivatives businesses/assets from Huntsman Corporation US. The acquired business manufactures the following key products: ethylene oxide, propylene oxide, glycols, ethanolamines, surfactants, Linear Alkylbenzene (LAB), and Methyl Tertiary–butyl Ether (MTBE). The acquisition of Huntsman Corporation also includes certain R&D Centers and patents & technology, as per the Equity & Asset Purchase Agreement. Regulatory frameworks also significantly influence the market, particularly in Europe and North America, where strict environmental standards govern chemical production and usage, compelling manufacturers to adopt greener processes to remain competitive. Additionally, rising consumer awareness of environmentally friendly products further accelerates the shift toward sustainable production methods. Moreover, increasing environmental concerns and regulatory pressures are encouraging companies to adopt sustainable production methods and explore alternative feedstocks, aligning with global sustainability initiatives and enhancing competitiveness.
According to the research report, ""Global Propylene Oxide Market Overview, 2030,"" published by Bonafide Research, the Global Propylene Oxide market was valued at more than USD 22.56 Billion in 2024, with the CAGR of 6.71% from 2025-2030. The primary drivers is the rising demand for polyether polyols, which are derived from propylene oxide and are essential in the production of flexible and rigid polyurethane foams. These foams find extensive applications in automotive seating, insulation materials, furniture cushioning, and packaging, and the automotive industry’s push for lightweight, fuel-efficient materials further fuels this demand. Additionally, the expansion of end-use industries, particularly construction in emerging economies, has increased the need for insulation, adhesives, and sealants, all of which rely on propylene oxide derivatives. Rising disposable incomes in regions like Asia Pacific have also stimulated demand for consumer goods such as furniture, electronics, and household appliances, indirectly boosting the propylene oxide market. Technological advancements in production processes, such as the shift from traditional chlorohydrin methods to more efficient propylene oxidation techniques, have improved manufacturing efficiency, reduced costs, and enhanced environmental sustainability, making PO production more attractive globally. Supply chain dynamics, particularly fluctuations in propylene feedstock prices driven by crude oil volatility, also influence market trends, with periods of oversupply or weak demand causing temporary price declines, as seen in North America in early 2025. Shift toward green production processes is driven by compliance and rising consumer preference for sustainable and environment-friendly products. As more companies adopt the HPPO process, the market is likely to see a continued rise in demand, propelled by the industry’s focus on eco-conscious manufacturing practices. For example, In early 2024, LyondellBasell announced a strategic partnership with Shell to develop and implement more efficient, environment-friendly propylene oxide production processes, with a focus on reducing carbon emissions by 30% over the next 5 years.
Market Drivers
• Rising Demand in Polyurethane Production: One of the strongest drivers of the global propylene oxide market is its widespread use in polyurethane (PU) manufacturing, which is essential for flexible foams, rigid foams, adhesives, sealants, and coatings. With rapid urbanization and infrastructure development worldwide, the construction sector is demanding more rigid PU foams for insulation, while the automotive industry is increasingly using flexible PU foams in seating and interiors. Additionally, growing applications in furniture and bedding continue to push consumption higher. This expanding downstream demand from multiple industries is directly fueling the growth of propylene oxide production globally.
• Expanding Applications in Specialty Chemicals: Beyond polyurethane, propylene oxide is a key feedstock for propylene glycol, glycol ethers, and polyols, which are used in pharmaceuticals, food processing, cosmetics, paints, and industrial solvents. For example, propylene glycol is heavily used as a humectant in food and beverages and as a carrier in pharmaceuticals and personal care products. This diversification of applications across high-growth industries such as healthcare and FMCG ensures a stable demand base and mitigates reliance on a single sector. The increasing demand for specialty chemicals, particularly in emerging economies, acts as a strong growth driver for the propylene oxide market.
Market Challenges
• Volatility in Raw Material Prices: The primary raw material for propylene oxide production is propylene, a derivative of crude oil and natural gas. The price of crude oil is highly volatile due to geopolitical tensions, supply-demand imbalances, and OPEC production decisions. This directly impacts the cost of propylene oxide production, causing margin fluctuations for manufacturers. Companies are under constant pressure to balance production costs while maintaining competitive pricing, which is a significant challenge in ensuring long-term profitability.
• Environmental and Health Concerns: Propylene oxide is classified as a probable human carcinogen and poses health risks upon exposure, making safety and handling a major concern. Additionally, the conventional chlorohydrin process of producing propylene oxide generates high amounts of chlorinated byproducts, raising environmental sustainability issues. Stricter environmental regulations across North America, Europe, and parts of Asia are increasing compliance costs for producers. These regulatory pressures challenge market players to shift towards eco-friendly technologies while managing the transition cost-effectively.
Market Trends
• Shift Toward Sustainable Production Technologies: A major trend shaping the market is the transition from the traditional chlorohydrin process to greener alternatives like the HPPO (hydrogen peroxide to propylene oxide) and co-product technologies. The HPPO process is gaining popularity due to its reduced environmental footprint, higher yield, and fewer byproducts. Leading companies are investing in eco-efficient production facilities to align with sustainability goals and reduce regulatory risks. This technological shift is expected to transform industry competitiveness in the coming years.
• Growing Demand from Emerging Economies: Developing regions such as Asia-Pacific and Latin America are becoming hotspots for demand growth due to rising industrialization, urbanization, and infrastructure spending. Asia-Pacific, led by China and India, is witnessing significant expansion in automotive, construction, and consumer goods sectors all key consumers of propylene oxide derivatives. As global manufacturers set up facilities closer to these high-growth markets, emerging economies are becoming central to market expansion strategies, shaping future supply-demand dynamics.
The hydrogen peroxide (HPPO) process is growing in the global propylene oxide (PO) industry due to its environmental sustainability, higher process efficiency, and lower by-product generation compared to traditional methods.
The hydrogen peroxide to propylene oxide (HPPO) process has witnessed significant growth in the global propylene oxide industry, driven primarily by its environmentally friendly nature and operational advantages over conventional processes such as the chlorohydrin and styrene co-product methods. Unlike the chlorohydrin route, which produces large quantities of salt and wastewater requiring extensive treatment, the HPPO process generates minimal by-products, making it highly attractive in regions with strict environmental regulations. This process uses hydrogen peroxide as an oxidizing agent to convert propylene directly into propylene oxide in the presence of a titanium silicalite catalyst, producing only water as a co-product, thereby reducing the environmental footprint and waste management costs. Moreover, the HPPO process is highly efficient, offering superior selectivity and yield compared to older technologies, which translates into lower raw material consumption and improved overall process economics. The growing demand for propylene oxide in end-use industries such as polyurethanes, coatings, adhesives, and elastomers is further boosting the adoption of the HPPO process, as manufacturers aim to meet rising demand while maintaining compliance with stringent environmental and sustainability standards. Additionally, the process allows for easier integration with downstream production facilities, such as polyether polyols manufacturing, enhancing operational efficiency and reducing logistical complexities. Technological advancements and collaborations between chemical companies and catalyst developers have also contributed to wider adoption by improving catalyst stability, reaction rates, and scalability of the process.
Polyether polyols are driving growth in the global propylene oxide industry due to their rising demand in the polyurethane sector for flexible foams, coatings, adhesives, and elastomers.
The polyether polyols application segment is witnessing substantial growth in the global propylene oxide market, primarily because polyether polyols, derived from propylene oxide, are a key raw material in the production of polyurethanes, which are extensively used in industries such as furniture, automotive, construction, and packaging. Flexible and rigid polyurethane foams, coatings, adhesives, sealants, and elastomers rely heavily on polyether polyols for their desirable properties, including durability, flexibility, thermal insulation, and chemical resistance. The surging demand for lightweight and energy-efficient materials in automotive and construction sectors is directly influencing the consumption of polyether polyols, as they enhance structural performance while reducing overall weight and energy usage. Additionally, the growth of the furniture and bedding industry, particularly in emerging economies, is fueling the need for flexible polyurethane foams, further driving propylene oxide consumption through the polyether polyols route. Technological advancements in polyether polyol synthesis have also enabled customization of molecular weight, functionality, and hydroxyl number, allowing manufacturers to tailor products for specific end-use requirements, which enhances their attractiveness to diverse industrial applications. Moreover, environmental regulations are encouraging the shift towards polyether polyols over polyester polyols in some regions, as they often produce fewer volatile organic compounds (VOCs) and offer better chemical stability, aligning with sustainable manufacturing trends. The rising demand for polyurethane coatings, adhesives, and elastomers in electronics, footwear, and automotive interiors also contributes to the segment’s growth, since polyether polyols improve adhesion, abrasion resistance, and flexibility of these products.
The building & construction end-user segment is growing in the global propylene oxide industry due to the rising demand for polyurethane-based insulation, coatings, adhesives, and sealants in modern infrastructure development.
The building & construction segment is emerging as a key driver in the global propylene oxide market, primarily because propylene oxide is a critical feedstock for polyurethanes, which are extensively used in construction materials such as insulation foams, coatings, adhesives, sealants, and elastomers. Polyurethane-based insulation materials, derived from polyether and polyester polyols produced using propylene oxide, offer excellent thermal efficiency, energy savings, and durability, aligning with the growing focus on sustainable and energy-efficient building practices worldwide. Rapid urbanization, population growth, and increased infrastructure development in emerging economies, particularly in Asia Pacific, Latin America, and the Middle East, are fueling the demand for high-performance construction materials, thereby boosting the consumption of propylene oxide in the sector. In addition, stringent building codes and environmental regulations in developed regions are driving the adoption of advanced insulation materials, coatings, and sealants with low volatile organic compound (VOC) content and enhanced chemical resistance, for which polyurethane-based products are highly suitable. The versatility of polyurethanes derived from propylene oxide allows their use in a wide range of applications, from thermal and acoustic insulation in residential and commercial buildings to protective coatings and structural adhesives in large-scale industrial projects. Furthermore, the growing trend of retrofitting existing buildings to improve energy efficiency and reduce operational costs is increasing the demand for polyurethane-based insulation and coatings, further supporting the market growth. Technological innovations in polyols and polyurethane formulations are also enabling better fire resistance, mechanical strength, and moisture resistance in construction materials, enhancing their adoption in critical infrastructure projects.
Asia Pacific is growing in the global Propylene Oxide (PO) industry due to rapid industrialization, rising demand from end-use sectors like polyurethane, construction, and automotive, and increasing investments in chemical manufacturing infrastructure.
The Asia Pacific region has emerged as a dominant player in the global Propylene Oxide industry, driven primarily by rapid industrialization, robust economic growth, and expanding end-use markets. Countries such as China, India, South Korea, and Japan have witnessed significant growth in manufacturing and construction activities, which directly fuels the demand for PO, a key raw material for polyurethane production. Polyurethane finds extensive applications in flexible and rigid foams, coatings, adhesives, sealants, elastomers, and insulation materials, which are essential for sectors like furniture, automotive, electronics, and building and construction. The region’s burgeoning middle-class population and urbanization trends have also boosted consumption of automobiles, electronics, and household products, further stimulating PO demand. In addition, government initiatives promoting chemical sector investments and supportive policies in nations like China and India have led to the establishment of new production plants and expansions of existing facilities, enhancing the region’s production capacity and technological capabilities. Asia Pacific’s competitive advantage also stems from the availability of low-cost raw materials, labor, and favorable logistics infrastructure, which reduces production costs and makes the region attractive for both domestic consumption and exports. Furthermore, strategic partnerships and collaborations between local manufacturers and global chemical companies have facilitated technology transfer and process optimization, increasing efficiency and output in the PO value chain. Sustainability trends and adoption of greener production methods are also gaining traction in the region, as regulatory frameworks emphasize environmental compliance and safer chemical processes, thereby boosting investor confidence.
• July 2024: JAY Chemical Industries commissioned a new specialty chemicals plant in Saykha, near Dahej. The facility specializes in the production of derivatives based on ethylene oxide and propylene oxide, mainly for textile additives and various industrial uses. JAY Chemicals, a worldwide frontrunner in reactive dyes, seeks to improve product efficiency across various sectors with this latest initiative.
• May 2024: Chandra Asri purchased Shell's Bukom assets located on Jurong Island, comprising a refinery and a petrochemical facility that manufactures more than 2 million tons of ethylene, propylene, and their derivatives. This action bolsters the supply of propylene oxide in Southeast and Northeast Asia, lessening reliance on imports. Enhanced agreements with local crude suppliers might boost margins and stabilize propylene oxide production in the area.
• April 2024: KBR and Sumitomo Chemical revealed a partnership, naming KBR the sole licensing partner for Sumitomo's environment-friendly Propylene Oxide by Cumene (POC) technology. This technology provides significant yields, lowers carbon emissions, and lessens wastewater, supporting worldwide sustainability objectives. KBR will leverage its expertise to deliver this advanced solution to a global user base.
• March 2023: LyondellBasell launched the largest propylene oxide and tertiary butyl alcohol (TBA) facility globally in Texas, boasting an annual capacity of 470,000 metric tons of propylene oxide and 1 million metric tons of TBA. The facility supports products like polyurethane foam, detergents, and insulation while incorporating energy-efficient innovations.
***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.
According to the research report, ""Global Propylene Oxide Market Overview, 2030,"" published by Bonafide Research, the Global Propylene Oxide market was valued at more than USD 22.56 Billion in 2024, with the CAGR of 6.71% from 2025-2030. The primary drivers is the rising demand for polyether polyols, which are derived from propylene oxide and are essential in the production of flexible and rigid polyurethane foams. These foams find extensive applications in automotive seating, insulation materials, furniture cushioning, and packaging, and the automotive industry’s push for lightweight, fuel-efficient materials further fuels this demand. Additionally, the expansion of end-use industries, particularly construction in emerging economies, has increased the need for insulation, adhesives, and sealants, all of which rely on propylene oxide derivatives. Rising disposable incomes in regions like Asia Pacific have also stimulated demand for consumer goods such as furniture, electronics, and household appliances, indirectly boosting the propylene oxide market. Technological advancements in production processes, such as the shift from traditional chlorohydrin methods to more efficient propylene oxidation techniques, have improved manufacturing efficiency, reduced costs, and enhanced environmental sustainability, making PO production more attractive globally. Supply chain dynamics, particularly fluctuations in propylene feedstock prices driven by crude oil volatility, also influence market trends, with periods of oversupply or weak demand causing temporary price declines, as seen in North America in early 2025. Shift toward green production processes is driven by compliance and rising consumer preference for sustainable and environment-friendly products. As more companies adopt the HPPO process, the market is likely to see a continued rise in demand, propelled by the industry’s focus on eco-conscious manufacturing practices. For example, In early 2024, LyondellBasell announced a strategic partnership with Shell to develop and implement more efficient, environment-friendly propylene oxide production processes, with a focus on reducing carbon emissions by 30% over the next 5 years.
Market Drivers
• Rising Demand in Polyurethane Production: One of the strongest drivers of the global propylene oxide market is its widespread use in polyurethane (PU) manufacturing, which is essential for flexible foams, rigid foams, adhesives, sealants, and coatings. With rapid urbanization and infrastructure development worldwide, the construction sector is demanding more rigid PU foams for insulation, while the automotive industry is increasingly using flexible PU foams in seating and interiors. Additionally, growing applications in furniture and bedding continue to push consumption higher. This expanding downstream demand from multiple industries is directly fueling the growth of propylene oxide production globally.
• Expanding Applications in Specialty Chemicals: Beyond polyurethane, propylene oxide is a key feedstock for propylene glycol, glycol ethers, and polyols, which are used in pharmaceuticals, food processing, cosmetics, paints, and industrial solvents. For example, propylene glycol is heavily used as a humectant in food and beverages and as a carrier in pharmaceuticals and personal care products. This diversification of applications across high-growth industries such as healthcare and FMCG ensures a stable demand base and mitigates reliance on a single sector. The increasing demand for specialty chemicals, particularly in emerging economies, acts as a strong growth driver for the propylene oxide market.
Market Challenges
• Volatility in Raw Material Prices: The primary raw material for propylene oxide production is propylene, a derivative of crude oil and natural gas. The price of crude oil is highly volatile due to geopolitical tensions, supply-demand imbalances, and OPEC production decisions. This directly impacts the cost of propylene oxide production, causing margin fluctuations for manufacturers. Companies are under constant pressure to balance production costs while maintaining competitive pricing, which is a significant challenge in ensuring long-term profitability.
• Environmental and Health Concerns: Propylene oxide is classified as a probable human carcinogen and poses health risks upon exposure, making safety and handling a major concern. Additionally, the conventional chlorohydrin process of producing propylene oxide generates high amounts of chlorinated byproducts, raising environmental sustainability issues. Stricter environmental regulations across North America, Europe, and parts of Asia are increasing compliance costs for producers. These regulatory pressures challenge market players to shift towards eco-friendly technologies while managing the transition cost-effectively.
Market Trends
• Shift Toward Sustainable Production Technologies: A major trend shaping the market is the transition from the traditional chlorohydrin process to greener alternatives like the HPPO (hydrogen peroxide to propylene oxide) and co-product technologies. The HPPO process is gaining popularity due to its reduced environmental footprint, higher yield, and fewer byproducts. Leading companies are investing in eco-efficient production facilities to align with sustainability goals and reduce regulatory risks. This technological shift is expected to transform industry competitiveness in the coming years.
• Growing Demand from Emerging Economies: Developing regions such as Asia-Pacific and Latin America are becoming hotspots for demand growth due to rising industrialization, urbanization, and infrastructure spending. Asia-Pacific, led by China and India, is witnessing significant expansion in automotive, construction, and consumer goods sectors all key consumers of propylene oxide derivatives. As global manufacturers set up facilities closer to these high-growth markets, emerging economies are becoming central to market expansion strategies, shaping future supply-demand dynamics.
The hydrogen peroxide (HPPO) process is growing in the global propylene oxide (PO) industry due to its environmental sustainability, higher process efficiency, and lower by-product generation compared to traditional methods.
The hydrogen peroxide to propylene oxide (HPPO) process has witnessed significant growth in the global propylene oxide industry, driven primarily by its environmentally friendly nature and operational advantages over conventional processes such as the chlorohydrin and styrene co-product methods. Unlike the chlorohydrin route, which produces large quantities of salt and wastewater requiring extensive treatment, the HPPO process generates minimal by-products, making it highly attractive in regions with strict environmental regulations. This process uses hydrogen peroxide as an oxidizing agent to convert propylene directly into propylene oxide in the presence of a titanium silicalite catalyst, producing only water as a co-product, thereby reducing the environmental footprint and waste management costs. Moreover, the HPPO process is highly efficient, offering superior selectivity and yield compared to older technologies, which translates into lower raw material consumption and improved overall process economics. The growing demand for propylene oxide in end-use industries such as polyurethanes, coatings, adhesives, and elastomers is further boosting the adoption of the HPPO process, as manufacturers aim to meet rising demand while maintaining compliance with stringent environmental and sustainability standards. Additionally, the process allows for easier integration with downstream production facilities, such as polyether polyols manufacturing, enhancing operational efficiency and reducing logistical complexities. Technological advancements and collaborations between chemical companies and catalyst developers have also contributed to wider adoption by improving catalyst stability, reaction rates, and scalability of the process.
Polyether polyols are driving growth in the global propylene oxide industry due to their rising demand in the polyurethane sector for flexible foams, coatings, adhesives, and elastomers.
The polyether polyols application segment is witnessing substantial growth in the global propylene oxide market, primarily because polyether polyols, derived from propylene oxide, are a key raw material in the production of polyurethanes, which are extensively used in industries such as furniture, automotive, construction, and packaging. Flexible and rigid polyurethane foams, coatings, adhesives, sealants, and elastomers rely heavily on polyether polyols for their desirable properties, including durability, flexibility, thermal insulation, and chemical resistance. The surging demand for lightweight and energy-efficient materials in automotive and construction sectors is directly influencing the consumption of polyether polyols, as they enhance structural performance while reducing overall weight and energy usage. Additionally, the growth of the furniture and bedding industry, particularly in emerging economies, is fueling the need for flexible polyurethane foams, further driving propylene oxide consumption through the polyether polyols route. Technological advancements in polyether polyol synthesis have also enabled customization of molecular weight, functionality, and hydroxyl number, allowing manufacturers to tailor products for specific end-use requirements, which enhances their attractiveness to diverse industrial applications. Moreover, environmental regulations are encouraging the shift towards polyether polyols over polyester polyols in some regions, as they often produce fewer volatile organic compounds (VOCs) and offer better chemical stability, aligning with sustainable manufacturing trends. The rising demand for polyurethane coatings, adhesives, and elastomers in electronics, footwear, and automotive interiors also contributes to the segment’s growth, since polyether polyols improve adhesion, abrasion resistance, and flexibility of these products.
The building & construction end-user segment is growing in the global propylene oxide industry due to the rising demand for polyurethane-based insulation, coatings, adhesives, and sealants in modern infrastructure development.
The building & construction segment is emerging as a key driver in the global propylene oxide market, primarily because propylene oxide is a critical feedstock for polyurethanes, which are extensively used in construction materials such as insulation foams, coatings, adhesives, sealants, and elastomers. Polyurethane-based insulation materials, derived from polyether and polyester polyols produced using propylene oxide, offer excellent thermal efficiency, energy savings, and durability, aligning with the growing focus on sustainable and energy-efficient building practices worldwide. Rapid urbanization, population growth, and increased infrastructure development in emerging economies, particularly in Asia Pacific, Latin America, and the Middle East, are fueling the demand for high-performance construction materials, thereby boosting the consumption of propylene oxide in the sector. In addition, stringent building codes and environmental regulations in developed regions are driving the adoption of advanced insulation materials, coatings, and sealants with low volatile organic compound (VOC) content and enhanced chemical resistance, for which polyurethane-based products are highly suitable. The versatility of polyurethanes derived from propylene oxide allows their use in a wide range of applications, from thermal and acoustic insulation in residential and commercial buildings to protective coatings and structural adhesives in large-scale industrial projects. Furthermore, the growing trend of retrofitting existing buildings to improve energy efficiency and reduce operational costs is increasing the demand for polyurethane-based insulation and coatings, further supporting the market growth. Technological innovations in polyols and polyurethane formulations are also enabling better fire resistance, mechanical strength, and moisture resistance in construction materials, enhancing their adoption in critical infrastructure projects.
Asia Pacific is growing in the global Propylene Oxide (PO) industry due to rapid industrialization, rising demand from end-use sectors like polyurethane, construction, and automotive, and increasing investments in chemical manufacturing infrastructure.
The Asia Pacific region has emerged as a dominant player in the global Propylene Oxide industry, driven primarily by rapid industrialization, robust economic growth, and expanding end-use markets. Countries such as China, India, South Korea, and Japan have witnessed significant growth in manufacturing and construction activities, which directly fuels the demand for PO, a key raw material for polyurethane production. Polyurethane finds extensive applications in flexible and rigid foams, coatings, adhesives, sealants, elastomers, and insulation materials, which are essential for sectors like furniture, automotive, electronics, and building and construction. The region’s burgeoning middle-class population and urbanization trends have also boosted consumption of automobiles, electronics, and household products, further stimulating PO demand. In addition, government initiatives promoting chemical sector investments and supportive policies in nations like China and India have led to the establishment of new production plants and expansions of existing facilities, enhancing the region’s production capacity and technological capabilities. Asia Pacific’s competitive advantage also stems from the availability of low-cost raw materials, labor, and favorable logistics infrastructure, which reduces production costs and makes the region attractive for both domestic consumption and exports. Furthermore, strategic partnerships and collaborations between local manufacturers and global chemical companies have facilitated technology transfer and process optimization, increasing efficiency and output in the PO value chain. Sustainability trends and adoption of greener production methods are also gaining traction in the region, as regulatory frameworks emphasize environmental compliance and safer chemical processes, thereby boosting investor confidence.
• July 2024: JAY Chemical Industries commissioned a new specialty chemicals plant in Saykha, near Dahej. The facility specializes in the production of derivatives based on ethylene oxide and propylene oxide, mainly for textile additives and various industrial uses. JAY Chemicals, a worldwide frontrunner in reactive dyes, seeks to improve product efficiency across various sectors with this latest initiative.
• May 2024: Chandra Asri purchased Shell's Bukom assets located on Jurong Island, comprising a refinery and a petrochemical facility that manufactures more than 2 million tons of ethylene, propylene, and their derivatives. This action bolsters the supply of propylene oxide in Southeast and Northeast Asia, lessening reliance on imports. Enhanced agreements with local crude suppliers might boost margins and stabilize propylene oxide production in the area.
• April 2024: KBR and Sumitomo Chemical revealed a partnership, naming KBR the sole licensing partner for Sumitomo's environment-friendly Propylene Oxide by Cumene (POC) technology. This technology provides significant yields, lowers carbon emissions, and lessens wastewater, supporting worldwide sustainability objectives. KBR will leverage its expertise to deliver this advanced solution to a global user base.
• March 2023: LyondellBasell launched the largest propylene oxide and tertiary butyl alcohol (TBA) facility globally in Texas, boasting an annual capacity of 470,000 metric tons of propylene oxide and 1 million metric tons of TBA. The facility supports products like polyurethane foam, detergents, and insulation while incorporating energy-efficient innovations.
***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.
Table of Contents
103 Pages
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.4. Supply chain Analysis
- 2.5. Policy & Regulatory Framework
- 2.6. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Propylene Oxide Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Geography
- 6.4. Market Size and Forecast, By Production Process
- 6.5. Market Size and Forecast, By Application
- 6.6. Market Size and Forecast, By End-use industry
- 7. North America Propylene Oxide Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Production Process
- 7.4. Market Size and Forecast, By Application
- 7.5. Market Size and Forecast, By End-use industry
- 8. Europe Propylene Oxide Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By Production Process
- 8.4. Market Size and Forecast, By Application
- 8.5. Market Size and Forecast, By End-use industry
- 9. Asia-Pacific Propylene Oxide Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Share By Country
- 9.3. Market Size and Forecast, By Production Process
- 9.4. Market Size and Forecast, By Application
- 9.5. Market Size and Forecast, By End-use industry
- 10. South America Propylene Oxide Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Share By Country
- 10.3. Market Size and Forecast, By Production Process
- 10.4. Market Size and Forecast, By Application
- 10.5. Market Size and Forecast, By End-use industry
- 11. Middle East & Africa Propylene Oxide Market Outlook
- 11.1. Market Size By Value
- 11.2. Market Share By Country
- 11.3. Market Size and Forecast, By Production Process
- 11.4. Market Size and Forecast, By Application
- 11.5. Market Size and Forecast, By End-use industry
- 12. Competitive Landscape
- 12.1. Competitive Dashboard
- 12.2. Business Strategies Adopted by Key Players
- 12.3. Key Players Market Share Insights and Analysis, 2024
- 12.4. Key Players Market Positioning Matrix
- 12.5. Porter's Five Forces
- 12.6. Company Profile
- 12.6.1. Dow Inc.
- 12.6.1.1. Company Snapshot
- 12.6.1.2. Company Overview
- 12.6.1.3. Financial Highlights
- 12.6.1.4. Geographic Insights
- 12.6.1.5. Business Segment & Performance
- 12.6.1.6. Product Portfolio
- 12.6.1.7. Key Executives
- 12.6.1.8. Strategic Moves & Developments
- 12.6.2. BASF SE
- 12.6.3. LyondellBasell Industries N.V.
- 12.6.4. Shell Plc
- 12.6.5. Repsol S.A.
- 12.6.6. Merck KGaA
- 12.6.7. Sumitomo Chemical Co., Ltd.
- 12.6.8. AGC Inc.
- 12.6.9. Ineos Group Limited
- 12.6.10. Tokuyama Corporation
- 13. Strategic Recommendations
- 14. Annexure
- 14.1. FAQ`s
- 14.2. Notes
- 14.3. Related Reports
- 15. Disclaimer
- List of Figures
- Figure 1: Global Propylene Oxide Market Size (USD Billion) By Region, 2024 & 2030
- Figure 2: Market attractiveness Index, By Region 2030
- Figure 3: Market attractiveness Index, By Segment 2030
- Figure 4: Global Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 5: Global Propylene Oxide Market Share By Region (2024)
- Figure 6: North America Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 7: North America Propylene Oxide Market Share By Country (2024)
- Figure 8: Europe Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 9: Europe Propylene Oxide Market Share By Country (2024)
- Figure 10: Asia-Pacific Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 11: Asia-Pacific Propylene Oxide Market Share By Country (2024)
- Figure 12: South America Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 13: South America Propylene Oxide Market Share By Country (2024)
- Figure 14: Middle East & Africa Propylene Oxide Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
- Figure 15: Middle East & Africa Propylene Oxide Market Share By Country (2024)
- Figure 16: Porter's Five Forces of Global Propylene Oxide Market
- List of Tables
- Table 1: Global Propylene Oxide Market Snapshot, By Segmentation (2024 & 2030) (in USD Billion)
- Table 2: Influencing Factors for Propylene Oxide Market, 2024
- Table 3: Top 10 Counties Economic Snapshot 2022
- Table 4: Economic Snapshot of Other Prominent Countries 2022
- Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
- Table 6: Global Propylene Oxide Market Size and Forecast, By Geography (2019 to 2030F) (In USD Billion)
- Table 7: Global Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 8: Global Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 9: Global Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 10: North America Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 11: North America Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 12: North America Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 13: Europe Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 14: Europe Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 15: Europe Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 16: Asia-Pacific Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 17: Asia-Pacific Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 18: Asia-Pacific Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 19: South America Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 20: South America Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 21: South America Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 22: Middle East & Africa Propylene Oxide Market Size and Forecast, By Production Process (2019 to 2030F) (In USD Billion)
- Table 23: Middle East & Africa Propylene Oxide Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
- Table 24: Middle East & Africa Propylene Oxide Market Size and Forecast, By End-use industry (2019 to 2030F) (In USD Billion)
- Table 25: Competitive Dashboard of top 5 players, 2024
- Table 26: Key Players Market Share Insights and Anaylysis for Propylene Oxide Market 2024
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