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プロピレンオキシド市場レポート：生産工程、用途、最終用途産業、地域別、2024～2032年

Propylene Oxide Market Report by Production Process, Application, End Use Industry, and Region 2024-2032

出版日
発行
IMARC
ページ情報
英文 142 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.06円
プロピレンオキシド市場レポート：生産工程、用途、最終用途産業、地域別、2024～2032年
出版日: 2024年08月10日
発行: IMARC
ページ情報: 英文 142 Pages
納期: 2～3営業日
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  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のプロピレンオキシド市場規模は2023年に210億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに324億米ドルに達し、2024～2032年の間に4.8%の成長率（CAGR）を示すと予測しています。数多くの最終用途産業におけるバイオベース代替品とサステイナブル慣行の出現、新興経済圏における先端材料への意識の高まりと自動車セクターの拡大、農薬配合における継続的な技術進歩は、市場を推進している要因のいくつかを表しています。

プロピレンオキシドは無色で揮発性の液体であり、エポキシド系化合物に属します。ポリウレタン・プラスチックの製造における主要成分として、さまざまな産業用途に使用されています。この物質の特徴は、エーテルのような鋭い臭いと、幅広い有機材料と容易に反応する能力です。柔軟な発泡体、接着剤、シーラント、コーティング剤の製造によく利用され、さまざまな産業で重要な役割を果たしています。この化合物のユニークな作用メカニズムは、他の物質と共重合する能力にあり、それによって望ましい物理的特性を持つ材料を形成します。

世界市場は主に、多くの最終用途産業におけるバイオベースの代替品とサステイナブル実践の出現によって牽引されています。これは、環境に優しい製造プロセスの開発に焦点を当てた、厳しい環境規制の採用起因しています。さらに、新興国における先端材料に対する意識の高まりや、自動車セクターの拡大により自動車製造での利用が増加していることも、市場の成長に寄与しています。このほか、世界のエネルギー効率の重視が、この化合物を使用した断熱材の使用を促し、市場にプラスの影響を与えています。さらに、可処分所得水準の上昇が市場を牽引しており、この化合物が使用される消費財の消費拡大に寄与しています。その他の市場拡大要因としては、この化合物を必要とする材料の使用を必要とする建設業界の成長や、広範な研究開発（R&D）活動などが挙げられます。

プロピレンオキシド市場傾向/促進要因：

安全衛生コンプライアンスへの関心の高まり

厳格な安全衛生基準を満たす製品づくりがますます重視されるようになり、プロピレンオキシドの需要が伸びています。この化合物は、安全規制に準拠した製品を配合する能力があるため、さまざまな用途で不可欠な成分となっています。政府、産業団体、国際機関は、消費者と労働者の福利を守る材料の使用を積極的に提唱しています。産業界は現在、有害な排出物や潜在的な危険性を減らすことを目指し、使用する部品に対する意識を高めています。この意識が、汎用性と安全衛生基準への適合で知られるプロピレンオキシドのような材料の採用を後押ししています。このような安全衛生遵守へのシフトは、産業慣行への影響だけでなく、消費者の嗜好の形成にも関与しており、酸化プロピレン市場をさらに促進しています。

パーソナルケア製品における製品採用の増加

パーソナル・ケア業界は、消費者の多様なニーズに応える革新的な製品の登場により、革命を目の当たりにしています。プロピレンオキシドは、有効成分の構造を変化させ、その機能性を高める能力などのユニークな特性を持っているため、パーソナルケア製品の処方において人気の高い成分となっています。ヘアケア製品から洗練されたスキンケア製品まで、酸化プロピレンはさまざまな用途に利用されています。パーソナルケア製品の品質と性能に対する消費者の要求は高まっており、メーカーはその期待に応えるためにプロピレンオキシドのような成分を取り入れることで対応しています。パーソナルケアにおける酸化プロピレンの使用は、その機能的メリットの証であるだけでなく、業界の動向の変化を示すものでもあります。消費者の目が肥え、パーソナルケア業界が進化を続けるにつれ、酸化プロピレンの役割はさらに大きくなり、市場を牽引していくと予想されます。

農薬処方における絶え間ない技術進歩

農業の生産性を高めることが世界的に重視されるようになり、除草剤や殺虫剤などの高度な化学物質の使用を含む農法の革新が促進されています。酸化プロピレンがこれらの農薬の製造に応用されていることは、市場の成長に寄与する重要な要因です。除草剤や殺虫剤の効能を高めるその能力は、農業従事者がさまざまな農業課題に効果的に取り組むことを可能にしています。農業が主要な経済活動である地域では、酸化プロピレンの重要性がさらに高まっています。政府や農業団体は、農作物の収穫量を向上させるだけでなく、環境にも配慮した科学的に開発された化学物質の使用を推進しています。プロピレンオキシドは、こうした要請と合致しているため、現代農業の実践に不可欠な要素となっています。国際社会が食糧安全保障とサステイナブル農業に焦点を当て続ける中、農薬生産における酸化プロピレン市場は堅調に成長すると予想されます。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のプロピレンオキシド市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：生産工程別

  • クロロヒドリン法（CHPO）
  • スチレンモノマープロセス
  • 過酸化水素プロセス
  • TBA製品別プロセス
  • クメンベースのプロセス

第7章 市場内訳：用途別

  • ポリエーテルポリオール
  • プロピレングリコール
  • プロピレングリコールエーテル（PGE）
  • ポリアルキレングリコール
  • その他

第8章 市場内訳：最終用途産業別

  • 自動車
  • 建設
  • 化学薬品と医薬品
  • 包装
  • 繊維と家具
  • その他

第9章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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.
    • Tokuyama Corporation
図表

List of Figures

  • Figure 1: Global: Propylene Oxide Market: Major Drivers and Challenges
  • Figure 2: Global: Propylene Oxide Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Propylene Oxide Market: Breakup by Production Process (in %), 2023
  • Figure 4: Global: Propylene Oxide Market: Breakup by Application (in %), 2023
  • Figure 5: Global: Propylene Oxide Market: Breakup by End Use Industry (in %), 2023
  • Figure 6: Global: Propylene Oxide Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Propylene Oxide Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Propylene Oxide (Chlorohydrin Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Propylene Oxide (Chlorohydrin Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Propylene Oxide (Styrene Monomer Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Propylene Oxide (Styrene Monomer Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Propylene Oxide (Hydrogen Peroxide Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Propylene Oxide (Hydrogen Peroxide Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Propylene Oxide (TBA Co-Product Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Propylene Oxide (TBA Co-Product Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Propylene Oxide (Cumene-based Process) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Propylene Oxide (Cumene-based Process) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Propylene Oxide (Polyether Polyols) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Propylene Oxide (Polyether Polyols) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Propylene Oxide (Propylene Glycols) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Propylene Oxide (Propylene Glycols) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Propylene Oxide (Propylene Glycol Ethers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Propylene Oxide (Propylene Glycol Ethers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Propylene Oxide (Polyalkylene Glycols) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Propylene Oxide (Polyalkylene Glycols) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Propylene Oxide (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Propylene Oxide (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Propylene Oxide (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Propylene Oxide (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Propylene Oxide (Construction) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Propylene Oxide (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Propylene Oxide (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Propylene Oxide (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Propylene Oxide (Textile and Furnishing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Propylene Oxide (Textile and Furnishing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Global: Propylene Oxide (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Global: Propylene Oxide (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: North America: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: North America: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: United States: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: United States: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Canada: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Canada: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Asia Pacific: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Asia Pacific: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: China: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: China: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Japan: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Japan: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: India: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: India: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: South Korea: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: South Korea: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Australia: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Australia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Indonesia: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Indonesia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Others: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Europe: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Europe: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Germany: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Germany: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: France: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: France: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: United Kingdom: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: United Kingdom: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Italy: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Italy: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Spain: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Spain: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Russia: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Russia: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Others: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Latin America: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Latin America: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Brazil: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Brazil: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Mexico: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Mexico: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Others: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Others: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Middle East and Africa: Propylene Oxide Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 87: Middle East and Africa: Propylene Oxide Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 88: Global: Propylene Oxide Industry: SWOT Analysis
  • Figure 89: Global: Propylene Oxide Industry: Value Chain Analysis
  • Figure 90: Global: Propylene Oxide Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Propylene Oxide Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Propylene Oxide Market Forecast: Breakup by Production Process (in Million US$), 2024-2032
  • Table 3: Global: Propylene Oxide Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Propylene Oxide Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 5: Global: Propylene Oxide Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Propylene Oxide Market: Competitive Structure
  • Table 7: Global: Propylene Oxide Market: Key Players
目次
Product Code: SR112024A2370

The global propylene oxide market size reached US$ 21.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The advent of bio-based alternatives and sustainable practices in numerous end-use industries, the rising awareness of advanced materials in emerging economies and the expansion of the automotive sector, and continual technological advancements in the formulation of agrochemicals represent some of the factors that are propelling the market.

Propylene oxide is a colorless and volatile liquid that belongs to the epoxide class of compounds. As a key ingredient in the production of polyurethane plastics, it serves various industrial applications. The substance is specifically characterized by its sharp, ether-like odor and its ability to react readily with a wide range of organic materials. Often utilized in the manufacture of flexible foams, adhesives, sealants, and coatings, it plays an essential role in various industries. The unique working mechanism of this compound lies in its ability to co-polymerize with other substances, thereby forming materials with desired physical properties.

The global market is primarily driven by the advent of bio-based alternatives and sustainable practices in numerous end-use industries. This can be attributed to the introduction of stringent environmental regulations focusing on the development of eco-friendly manufacturing processes. Moreover, the rising awareness of advanced materials in emerging economies and the expansion of the automotive sector, resulting in increased utilization in vehicle manufacturing, are contributing to the market's growth. Besides this, the global focus on energy efficiency, encouraging the use of insulating materials made with this compound, is impacting the market positively. The market is further driven by the inflating disposable income levels, contributing to increased consumption of consumer goods in which this compound is used. Some of the other factors contributing to the market include the growth in the construction industry, necessitating the use of materials that require this compound, and extensive research and development (R&D) activities.

Propylene Oxide Market Trends/Drivers:

An enhanced focus on health and safety compliance

With an increasing focus on creating products that meet stringent health and safety standards, the demand for propylene oxide is experiencing growth. This compound's ability to formulate products that comply with safety regulations has made it an essential component in various applications. Governments, industrial bodies, and international organizations are actively advocating the use of materials that safeguard the well-being of both consumers and the workforce. Industries are now more conscious about the components they use, aiming to reduce harmful emissions and potential hazards. This consciousness is driving the adoption of materials like propylene oxide, known for its versatility and compliance with health and safety norms. This shift towards health and safety compliance is not only responsible for influencing industrial practices but also shaping consumer preferences, thus further propelling the market for propylene oxide.

Rising product adoption in personal care products

The personal care industry is witnessing a revolution with the advent of innovative products that cater to diverse consumer needs. Propylene oxide's unique properties, such as its ability to modify the structure of active ingredients and enhance their functionality, make it a sought-after ingredient in personal care formulations. From hair care products to sophisticated skincare solutions, propylene oxide is finding its way into an array of applications. Consumer demand for quality and performance in personal care products is on the rise, and manufacturers are responding by incorporating elements like propylene oxide to meet these expectations. Its use in personal care is not only a testament to its functional benefits but also an indication of the shifting trends in the industry. As consumers become more discerning and the personal care industry continues to evolve, the role of propylene oxide is expected to become even more significant, driving its market forward.

Continual technological advancements in the formulation of agrochemicals

The global emphasis on enhancing agricultural productivity is fostering innovation in farming practices, including the use of advanced chemicals such as herbicides and insecticides. Propylene oxide's application in the creation of these agricultural chemicals is a vital factor contributing to the market's growth. Its ability to enhance the efficacy of herbicides and insecticides is enabling farmers to tackle various agricultural challenges effectively. In regions where agriculture is a primary economic activity, the importance of propylene oxide is further magnified. Governments and agricultural bodies are promoting the use of scientifically developed chemicals that not only improve crop yield but also align with environmental considerations. The alignment of propylene oxide with these imperatives makes it an integral part of modern agricultural practices. As the global community continues to focus on food security and sustainable farming, the market for propylene oxide in agricultural chemical production is anticipated to grow robustly.

Propylene Oxide Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global propylene oxide market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on production process, application and end use industry.

Breakup by Production Process:

Chlorohydrin Process (CHPO)

Styrene Monomer Process

Hydrogen Peroxide Process

TBA Co-Product Process

Cumene-based Process

Styrene monomer process represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the production process. This includes chlorohydrin process (CHPO), styrene monomer process, hydrogen peroxide process, TBA co-product process and cumene-based process.According to the report, styrene monomer process represented the largest segment.

The styrene monomer process segment is being driven by advancements in catalyst technologies that improve process efficiency. Growing demand for polystyrene products in various applications, including packaging and insulation, contributes to this trend. Increased focus on cost-effective manufacturing techniques in the Styrene Monomer Process is also a key driver. Furthermore, regulations promoting environment-friendly practices are pushing the industry towards greener alternatives and innovations within this process. Lastly, strategic investments in R&D by key players are enabling new developments that foster growth in this segment.

On the other hand, the hydrogen peroxide process, chlorohydrin process (CHPO), TBA co-product process, cumene-based process, polyether polyols, propylene glycols, propylene glycol ethers (PGE), polyalkylene glycols segments are driven by the diversification in end-user applications and an emphasis on sustainable manufacturing practices. The growing need for specialized products in various industries, including pharmaceuticals and personal care, is further propelling this segment. Additionally, technological innovations and collaborations among key players are enhancing these processes and product developments.

Breakup by Application:

Polyether Polyols

Propylene Glycols

Propylene Glycol Ethers (PGE)

Polyalkylene Glycols

Others

Polyether polyols represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes polyether polyols, propylene glycols, propylene glycol ethers (PGE), polyalkylene glycols, and others.According to the report, polyether polyols represented the largest segment.

The polyether polyols segment is being driven by a growing demand for flexible foams in applications such as furniture and bedding. Increased utilization in automotive interiors and insulation applications is also contributing to the segment's growth. The push towards environmentally friendly products has further amplified the demand for polyether polyols in creating sustainable solutions. Technological advancements and increased R&D focus on high-performance polyols also fuel growth in this major segment. Overall, the convergence of these factors creates a robust demand for Polyether Polyols, reflecting broader trends in consumer preferences and industrial applications.

On the other hand, the propylene glycols, propylene glycol ethers (PGE), and polyalkylene glycols segments are driven by their versatile applications across various industries such as personal care, pharmaceuticals, and food & beverages. Enhanced performance characteristics, including stability and solvency, contribute to their widespread adoption. The development of specific grades catering to different industrial requirements also plays a crucial role in boosting this segment.

Breakup by End Use Industry:

Automotive

Construction

Chemicals and Pharmaceuticals

Packaging

Textile and Furnishing

Others

Automotive accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, construction, chemicals and pharmaceuticals, packaging, textile and furnishing, and others.According to the report, automotive represented the largest segment.

The automotive segment is seeing significant growth in the propylene oxide market due to the increased usage of propylene oxide derivatives in vehicle interiors, manufacturing, and coatings. Rising automotive production, coupled with a growing emphasis on lightweight and fuel-efficient materials, propels the segment forward. Consumer preferences for enhanced comfort and aesthetic appeal are also influencing the adoption of propylene oxide-based products in automotive applications. Strict emissions regulations and the trend towards environmentally sustainable solutions further drive the demand within this segment. Demand for polyurethane foams, a primary application of propylene oxide, in seating, insulation, and other automotive parts completes the growth picture for this major segment.

On the other hand, the construction, chemicals and pharmaceuticals, packaging, textile and furnishing, and other segments are fueled by the growing construction activities and the increased usage of propylene oxide in insulation materials and sealants. The demand in the pharmaceutical industry for solvents and intermediates, along with the adoption of propylene oxide-based materials in textiles, packaging, and various chemical applications, is also contributing to growth within these segments.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest propylene oxide market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific region is a critical area for growth in the propylene oxide market. Increasing industrialization, coupled with rapid urbanization, is driving demand for propylene oxide and its derivatives across various sectors, including automotive and construction.

Infrastructure development initiatives and government policies promoting manufacturing are adding impetus to the market in this region. The growth of middle-class consumers and their rising disposable income levels are leading to increased consumption of end products that utilize propylene oxide. Rising awareness regarding the quality and performance of products, and the integration of regional and global supply chains, further shaping the market dynamics.

Additionally, the rising emphasis on sustainability and environmental compliance, particularly in countries such as Japan and India, is also a key factor. Collaboration between industry and research institutions, strategic investments in new technologies, and a focus on meeting specific regional demands complete the picture for this vital region in the global propylene oxide market.

Competitive Landscape:

The key players in the market are focusing on research & development (R&D) activities to innovate new production methods and enhance efficiency. The market leaders are investing in automation and digital technologies to increase efficiency and maintain a competitive edge in the market. They are expanding into new geographical markets, particularly in emerging economies, and enhancing their product portfolios to cater to diverse industrial applications. These leading companies are also focusing on sustainability by developing bio-based and eco-friendly variants of propylene oxide. Strategic collaborations, mergers, and acquisitions are being pursued by them to foster technological capabilities and product expansion. Furthermore, they are enhancing supply chain efficiency and implementing customer-centric approaches to understand the specific needs of various industries.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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.

Tokuyama Corporation

Recent Developments:

In January 2022, AGC Chemicals Americas Inc. (AGCCA) announced an expansion at its Thorndale, Pennsylvania, production facility that will add up to fifty percent more manufacturing, quality control lab and office space. The multiuse facility will be configured to meet the growing needs of current business and accommodate future production increases and new capabilities.

In February 2023, Air Liquide and Sasol signed two Power Purchase Agreements (PPA) with TotalEnergies and its partner Mulilo for the long-term supply of a total capacity of 260 MW of renewable power to Sasol's Secunda site, in South Africa, where Air Liquide operates the biggest oxygen production site in the world.

In August 2023, BASF launched an innovative program in Brazil that links independent, agronomic consultancies with farmers through its advanced xarvio FIELD MANAGER crop optimization platform. The unique program, called xarvio Agro Experts, gives agronomic consultancies access to existing xarvio solutions that optimize and increase productivity in the field, specifically for soybean, corn, and cotton.

Key Questions Answered in This Report

  • 1. How big is the global propylene oxide market?
  • 2. What is the expected growth rate of the global propylene oxide market during 2024-2032?
  • 3. What are the key factors driving the global propylene oxide market?
  • 4. What has been the impact of COVID-19 on the global propylene oxide market?
  • 5. What is the breakup of the global propylene oxide market based on the production process?
  • 6. What is the breakup of the global propylene oxide market based on the application?
  • 7. What is the breakup of the global propylene oxide market based on the end use industry?
  • 8. What are the key regions in the global propylene oxide market?
  • 9. Who are the key players/companies in the global propylene oxide market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Propylene Oxide Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Production Process

  • 6.1 Chlorohydrin Process (CHPO)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Styrene Monomer Process
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Hydrogen Peroxide Process
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 TBA Co-Product Process
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Cumene-based Process
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Polyether Polyols
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Propylene Glycols
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Propylene Glycol Ethers (PGE)
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Polyalkylene Glycols
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Automotive
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Construction
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Chemicals and Pharmaceuticals
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Packaging
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Textile and Furnishing
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 AGC Chemicals Americas Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Air Liquide S.A.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 BASF SE
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Dow Inc.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
    • 14.3.5 Eastman Chemical Company
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Huntsman International LLC
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 Ineos Chemicals Company
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
    • 14.3.8 LyondellBasell Industries Holdings B.V.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Mitsui Chemicals
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Repsol S.A.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Royal Dutch Shell PLC
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
    • 14.3.12 Saudi Arabia Basic Industries Corporation (Saudi Aramco)
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 SK Chemicals Co. Ltd.
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
    • 14.3.14 Sumitomo Chemical Co. Ltd.
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 Tokuyama Corporation
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis