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市場調査レポート
商品コード
1801183

プロピレンオキシドの市場規模、シェア、動向:生産工程、用途、最終用途産業、地域別、2025~2033年予測

Propylene Oxide Market Size, Share, and Trends by Production Process, Application, End Use Industry, Region, and Forecast 2025-2033


出版日
発行
IMARC
ページ情報
英文 136 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=149.47円
プロピレンオキシドの市場規模、シェア、動向:生産工程、用途、最終用途産業、地域別、2025~2033年予測
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 136 Pages
納期: 2~3営業日
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  • 概要
  • 図表
  • 目次
概要

プロピレンオキシドの世界市場規模は2024年に220億米ドルとなりました。今後、IMARC Groupは、2033年には331億米ドルに達し、2025~2033年にかけて4.6%のCAGRを示すと予測しています。現在、アジア太平洋が市場を独占しており、2024年の市場シェアは51%を超えています。建築や自動車におけるポリウレタンフォームの需要拡大、新興国における生産能力の拡大、製薬・食品産業におけるプロピレングリコールの使用増加、エコフレンドリー生産技術の採用などが、市場を牽引する要因となっています。

市場が大きく成長しているのは、多くのセグメントで用途が多様化していることと、軟質硬質ポリウレタンフォームの製造に重要な役割を果たすポリエーテルポリオールの需要が増加しているためです。ポリウレタンフォームは、断熱材、クッション材、構造支持材として家具や自動車の内装部品に広く使用されています。さらに、例えばクロロヒドリンを使用しない技術など、製造プロセスの改善により、生産コストを削減し、生産効率を向上させるとともに、環境の持続可能性を高めることができます。特に新興市場における自動車産業と建設産業の成長は、プロピレンオキシドベース製品の強力な促進要因です。さらに、接着剤やシーラントなどの産業用途の増加が、プロピレンオキシド市場全体の展望を高めています。

米国のプロピレンオキシド市場は、様々な産業における幅広い用途での需要の増加により成長しています。建設産業の成長は、断熱材や構造材料としてのポリウレタンフォームの需要を強化するプロピレンオキシドの主要な原動力の一つです。米国商務省によると、2024年9月の総建設支出は2兆1,488億米ドルと推定され、2023年9月の推定2兆552億米ドルから4.6%増加しました。プロピレンオキシドのポリエーテルポリオールなどの誘導体は、軽量で耐久性のある自動車部品の製造に必要です。医薬品、化粧品、飲食品市場での用途が絶えず増加していることが、市場の成長を牽引しています。

プロピレンオキシド市場の動向

安全衛生コンプライアンスへの注目の高まり

厳格な健康・安全基準を満たす製品作りが重視されるようになり、プロピレンオキシドの需要が高まっていることが、市場にプラスの影響を与えています。安全規格に適合した製品を作ることができるため、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、消費者と労働者双方の健康を守る材料の使用を積極的に提唱しています。その結果、産業は製品に使用される部品や、それらが排出する物質について強く意識するようになりました。このような意識が、プロピレンオキシドのような、その汎用性と安全衛生基準への準拠で知られる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、産業プラクティスに影響を与え、ユーザーの嗜好を形成する役割を担っており、プロピレンオキシド市場の成長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

革新的な製品に対する需要の高まりとパーソナルケアの多様化により、この産業では重要な革命が起きています。美容・パーソナルケア製品の世界市場は、2024年には5,295億米ドルに達しました。IMARC Groupの市場調査によると、この市場は2033年までに8,026億米ドルに達すると予測されています。プロピレンオキシドの活性構造を変化させて機能性を高める特異的な改質特性により、この化学品はパーソナルケア製剤で大きな人気を博しています。ヘアケア製品から先進的スキンケアソリューションまで、プロピレンオキシドは幅広い用途に組み込まれつつあります。パーソナルケア製品の品質と性能に対する個人の要求は絶えず高まっており、メーカーはプロピレンオキシドのような成分を配合することで対応しています。パーソナルケア製品への採用は、その機能的メリットの証であり、産業の動向の変化を示すものです。人々の目が肥え、パーソナルケア産業が進化し続けるにつれ、プロピレンオキシド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。

農薬製剤の絶え間ない技術進歩

世界的に農業生産性の向上が重視されているため、除草剤や殺虫剤などの先端化学品の使用を含む農法の革新が促進されています。例えば、クロロヒドリン製法とPO/TBA(tert-ブチルアルコール)製法が主要製造方法であり、PO/TBA製法は環境面での利点から人気を集めています。プロピレンオキシドの農薬製造への応用は、プロピレンオキシド市場の成長に寄与する重要な要因です。プロピレンオキシドは除草剤や殺虫剤の効能を高めることができるため、農業従事者はさまざまな農業課題に効果的に取り組むことができます。インドのように農業が主要な経済活動である地域(農業のGDP貢献率は15~16%)では、プロピレンオキシドの重要性はさらに高まります。政府や農業団体は、農作物の収穫量を向上させ、エコフレンドリー科学的に開発された化学品の使用を推進しています。プロピレンオキシドは、このような要請に合致しているため、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、農薬生産におけるプロピレンオキシドの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

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

第10章 SWOT分析

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

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 USD), 2019-2024
  • Figure 3: Global: Propylene Oxide Market: Breakup by Production Process (in %), 2024
  • Figure 4: Global: Propylene Oxide Market: Breakup by Application (in %), 2024
  • Figure 5: Global: Propylene Oxide Market: Breakup by End Use Industry (in %), 2024
  • Figure 6: Global: Propylene Oxide Market: Breakup by Region (in %), 2024
  • Figure 7: Global: Propylene Oxide Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 8: Global: Propylene Oxide (Chlorohydrin Process) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 9: Global: Propylene Oxide (Chlorohydrin Process) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 10: Global: Propylene Oxide (Styrene Monomer Process) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 11: Global: Propylene Oxide (Styrene Monomer Process) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 12: Global: Propylene Oxide (Hydrogen Peroxide Process) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 13: Global: Propylene Oxide (Hydrogen Peroxide Process) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 14: Global: Propylene Oxide (TBA Co-Product Process) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 15: Global: Propylene Oxide (TBA Co-Product Process) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 16: Global: Propylene Oxide (Cumene-based Process) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 17: Global: Propylene Oxide (Cumene-based Process) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 18: Global: Propylene Oxide (Polyether Polyols) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 19: Global: Propylene Oxide (Polyether Polyols) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 20: Global: Propylene Oxide (Propylene Glycols) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 21: Global: Propylene Oxide (Propylene Glycols) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 22: Global: Propylene Oxide (Propylene Glycol Ethers) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 23: Global: Propylene Oxide (Propylene Glycol Ethers) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 24: Global: Propylene Oxide (Polyalkylene Glycols) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 25: Global: Propylene Oxide (Polyalkylene Glycols) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 26: Global: Propylene Oxide (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 27: Global: Propylene Oxide (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 28: Global: Propylene Oxide (Automotive) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 29: Global: Propylene Oxide (Automotive) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 30: Global: Propylene Oxide (Construction) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 31: Global: Propylene Oxide (Construction) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 32: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 33: Global: Propylene Oxide (Chemicals and Pharmaceuticals) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 34: Global: Propylene Oxide (Packaging) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 35: Global: Propylene Oxide (Packaging) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 36: Global: Propylene Oxide (Textile and Furnishing) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 37: Global: Propylene Oxide (Textile and Furnishing) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 38: Global: Propylene Oxide (Other End Use Industries) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 39: Global: Propylene Oxide (Other End Use Industries) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 40: North America: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 41: North America: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 42: United States: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 43: United States: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 44: Canada: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 45: Canada: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 46: Asia Pacific: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 47: Asia Pacific: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 48: China: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 49: China: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 50: Japan: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 51: Japan: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 52: India: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 53: India: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 54: South Korea: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 55: South Korea: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 56: Australia: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 57: Australia: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 58: Indonesia: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 59: Indonesia: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 60: Others: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 61: Others: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 62: Europe: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 63: Europe: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 64: Germany: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 65: Germany: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 66: France: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 67: France: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 68: United Kingdom: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 69: United Kingdom: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 70: Italy: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 71: Italy: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 72: Spain: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 73: Spain: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 74: Russia: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 75: Russia: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 76: Others: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 77: Others: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 78: Latin America: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 79: Latin America: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 80: Brazil: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 81: Brazil: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 82: Mexico: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 83: Mexico: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 84: Others: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 85: Others: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 86: Middle East and Africa: Propylene Oxide Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 87: Middle East and Africa: Propylene Oxide Market Forecast: Sales Value (in Million USD), 2025-2033
  • 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, 2024 and 2033
  • Table 2: Global: Propylene Oxide Market Forecast: Breakup by Production Process (in Million USD), 2025-2033
  • Table 3: Global: Propylene Oxide Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 4: Global: Propylene Oxide Market Forecast: Breakup by End Use Industry (in Million USD), 2025-2033
  • Table 5: Global: Propylene Oxide Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 6: Global: Propylene Oxide Market: Competitive Structure
  • Table 7: Global: Propylene Oxide Market: Key Players
目次
Product Code: SR112025A2370

The global propylene oxide market size was valued at USD 22.0 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 33.1 Billion by 2033, exhibiting a CAGR of 4.6% during 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 51% in 2024. The growing demand for polyurethane foams in construction and automotive, expanding production capacities in emerging economies, rising use of propylene glycol in the pharmaceutical and food industries, along with the adoption of eco-friendly production technologies represent some of the factors propelling the market.

The market is significantly growing due to the diversified applications in numerous sectors, and the increasing demand for polyether polyols, which play a crucial role in producing flexible and rigid polyurethane foams. Polyurethane foams are used widely in furniture and automotive interior components for insulation, cushioning, and structural support in construction. Additionally, improvement in manufacturing processes, for instance, chlorohydrin-free technologies, reduce the production cost and improve the efficiency of production while increasing environmental sustainability. Growth in automotive and construction industries, especially in the emerging markets, is a strong driver for propylene oxide-based products. Further, increasing industrial applications such as adhesives and sealants are enhancing the overall propylene oxide outlook of the market.

The United States propylene oxide market is growing on account of the increasing demand across various industries for a wide array of applications. The growing construction industry is among the major key driver for propylene oxide that strengthens demand for polyurethane foams as insulation and for structural materials. According to the US Department of Commerce, the total construction spending during September 2024 was estimated at USD 2,148.8 Billion, up 4.6% from the September 2023 estimate of USD 2,055.2 billion. Another vital industry responsible to the market is automobile, derivatives such as polyether polyols of propylene oxide are necessary for producing lightweight though durable car components. The constantly increasing applications in the pharmaceutical, cosmetic, and food and beverage markets lead the growth of the market.

Propylene Oxide Market Trends:

An enhanced focus on health and safety compliance

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. Governments, industrial bodies, and international organizations are actively advocating the use of materials that safeguard the well-being of both consumers and the workforce. As a result, the industry has become very conscious about the components used in them and what they are emitting. This consciousness is driving the adoption of materials such as propylene oxide, known for its versatility and compliance with health and safety norms. This shift toward health and safety compliance is responsible for influencing industrial practices and shaping user preferences, thus further propelling the propylene oxide market growth.

Rising product adoption in personal care products

With the growing demand for innovative products and diversification in personal care, an important revolution has been noticed in the industry. The global market for beauty and personal care products stood at USD 529.5 Billion in 2024. According to the market study of IMARC Group, this market is projected to reach USD 802.6 Billion by 2033. Due to the specific modification properties that alter the active structure of propylene oxide to increase functionality, this chemical has gained significant popularity in personal care formulations. From hair care products to advanced skincare solutions, propylene oxide is becoming embedded into a wide range of applications. Individual demand for quality and performance in personal care products is continuously increasing, and manufacturers are responding through the inclusion of components such as propylene oxide. Its use in personal care is a testament to its functional benefits and an indication of the shifting trends in the industry. As people 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. 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. The application of propylene oxide in the creation of these agricultural chemicals is a vital factor contributing to the growth of the propylene oxide market. 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, such as India (where agriculture GDP contribution is 15-16%), the importance of propylene oxide is further magnified. Governments and agricultural bodies are promoting the use of scientifically developed chemicals that improve crop yield and 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:

Analysis by Production Process:

  • Chlorohydrin Process (CHPO)
  • Styrene Monomer Process
  • Hydrogen Peroxide Process
  • TBA Co-Product Process
  • Cumene-Based Process

Styrene monomer process leads the market. The 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 toward greener alternatives and innovations within this process. Moreover, strategic investments in R&D by key players are enabling new developments to foster growth in this segment.

Analysis by Application:

  • Polyether Polyols
  • Propylene Glycols
  • Propylene Glycol Ethers (PGE)
  • Polyalkylene Glycols
  • Others

Polyether polyols lead the market with around 69% of market share in 2024. 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 growth of the segment. The push toward 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 user 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.

Analysis by End Use Industry:

  • Automotive
  • Construction
  • Chemicals and Pharmaceuticals
  • Packaging
  • Textile and Furnishing
  • Others

Automotive leads the market with around 35% of market share in 2024. 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. Individual 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 toward 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.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

In 2024, Asia-Pacific accounted for the largest market share of over 51%. The market for propylene oxide is dominated by Asia-Pacific due to the fast industrialization, urbanization, and expanding end-use sectors, of the region which include electronics, automotive, and construction. India and China, two of the largest economies of the region, make substantial contributions. Polyurethanes are widely used in the building industry of China, which is expanding at a steady rate in the past decade, and the automobile industry of India, which produces more than 4 million vehicles a year, increases demand for strong, lightweight materials. The need of the region for polyurethanes and propylene glycol has been further fueled by the growing use of energy-efficient appliances and structures. Furthermore, the need for propylene oxide in electronic adhesives and coatings has increased due to the growth of the electronics sector, especially in South Korea and Japan. Foreign investments and government incentives in the chemical industry also support the market of the region. Notably, the propylene oxide market price remains a critical economic indicator, affecting production costs and investment decisions within these industries.

Key Regional Takeaways:

North America Propylene Oxide Market Analysis

The North American propylene oxide market is growing due to demand from automotive, construction, and packaging industries. Polyurethane foam used in furniture, insulation, and automotive interiors, which is driving consumption, supported by infrastructure projects boosting demand for energy-efficient insulation materials. The thriving automotive sector, which relies on polyether polyols for lightweight components, is acting as another growth inducing factor. Sustainability trends are further reshaping the market, with bio-based propylene oxide and eco-friendly production methods gaining traction amid stricter regulations. Technological advancements like the HPPO process are improving efficiency and lowering emissions. Moreover, increased use of glycol ethers in paints, coatings, and cleaning agents, along with post-pandemic industrial recovery, is supporting steady market growth.

United States Propylene Oxide Market Analysis

The United States accounted for over 73% of the market in North America. The market for propylene oxide in the US is fueled by its wide range of uses in the manufacturing of propylene glycol, polyether polyols, and other chemical intermediates. The strong expansion of the automotive and construction sectors, which use polyurethanes for furniture, coatings, insulation, and car interiors, is a major motivator. One of the largest users of polyurethane foams derived from propylene oxide is the construction industry in the United States, which is expected to be worth more than USD 2 Trillion in 2024.

Adoption of goods based on propylene oxide is also being aided by the growing need for environmentally benign and energy-efficient materials. As lightweight polyurethanes improve fuel efficiency, the growth of the automotive industry, where the production of electric vehicles (EVs) is expected to increase significantly, also boosts market expansion. The HPPO (hydrogen peroxide to propylene oxide) method is one instance of a technological development in propylene oxide manufacturing that has improved sustainability and decreased production costs, which has further fueled market expansion. The United States market is further supported by the existence of well-established firms and a sophisticated infrastructure for the chemical sector.

Europe Propylene Oxide Market Analysis

Stronger environmental restrictions in Europe and the demand for sustainable products are propelling the market of Propylene Oxide in Europe. As companies focus on light-weight and energy-efficient materials because of the European Union's Green Deal, where carbon neutrality is aimed to be achieved by 2050, usage of polyurethanes is growing in the construction and automotive sectors. Propylene oxide, according to United Nations Environment Programme, accounts for nearly 40% of the energy consumption by the building sector in 2023.

The market is further bolstered by the considerable use of polyurethane in major automotive manufacturing centers located in France, Italy, and Germany. Furthermore, the progress of eco-friendly alternatives to propylene oxide has been supported by the implementation of circular economy concepts and advancements in bio-based production methods, expanding the potential applications for this product. The need for innovation and the presence of significant global chemical manufacturers largely motivates the European market.

Latin America Propylene Oxide Market Analysis

Growing construction and automotive industries, particularly in Brazil and Mexico, are driving the propylene oxide market in Latin America. Demand has grown as energy-efficient construction materials and goods made of polyurethane are increasingly used. The emphasis of the region on developing infrastructure, which is aided by government programs, is another important factor driving the industry. Propylene oxide is needed in chemical intermediates for agrochemicals on account of the booming agricultural sector of Brazil.

Middle East and Africa Propylene Oxide Market Analysis

The increasing industrialization and construction efforts, particularly in the United Arab Emirates, Saudi Arabia, and South Africa, are propelling the propylene oxide market within the Middle East and Africa. The region's emphasis on developing energy-efficient infrastructure through initiatives like Saudi Arabia's Vision 2030 boosts the demand for insulation products based on propylene oxide. Furthermore, the growth of downstream oil and gas industries in the Middle East bolsters the production and consumption of propylene oxide.

Competitive Landscape:

The major players in the market are focusing on R&D activities to develop new manufacturing methods and increase efficiency. Market leaders are investing in automation and digital technologies to enhance efficiency and maintain a competitive edge in the market. The leading companies are constantly monitoring the propylene oxide market price to strategically control the cost of production and successfully alter their pricing strategies. They are expanding their footprints in new geographical markets, particularly in developing economies, and enhancing product offerings to cater to various industrial requirements. Such leading companies also focus on sustainability by developing bio-based and green propylene oxide. They have been making strategic partnerships, mergers, and acquisitions to upgrade technological capabilities and expand their offerings. In addition, they are enhancing the effectiveness of the supply chain and adopting user-focused strategies to understand the unique 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

Key Questions Answered in This Report

  • 1.How big is the propylene oxide market?
  • 2.What is the market outlook for propylene oxide?
  • 3.What are the key factors driving the propylene oxide market?
  • 4.Which region accounts for the largest propylene oxide market share?
  • 5.Which are the leading 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