This market research report includes a detailed segmentation of the global propylene oxide market by production process (chlorohydrin process, PO/TBA, PO-only cumene-based process, and PO/SM process) and by application (polyether polyols, propylene glycols, and others). It also outlines the market shares for key regions like APAC, Europe, North America, Latin America, and ROW. The leading vendors analyzed in this report are Asahi Glass, BASF, Dow Chemicals, Huntsman, LyondellBasell Industries, Repsol, and Royal Dutch Shell.
Technavio’s market research analysts estimate the global propylene oxide market to grow at a CAGR of more than 3% between 2016 and 2020. The rising demand for polyether polyols, which is used in the manufacture of polyurethanes and applications like packaging, footwear, furniture, construction, and automotive will bolster the prospects for growth in this market during the forecast period. APAC is the largest market for propylene oxide, owing to the growing use of propylene oxide in industries such as furniture, automotive, and construction.
The new market research report from Technavio provides a breakdown and analysis of the propylene oxide segments by technology.
“China is expected to emerge as the largest manufacturer and consumer of propylene oxide during the forecast period. The growing population and the resultant need for industrialization and improvements in lifestyle have led to increased consumption of products like propylene glycols and polyether polyols. Private companies dominate the propylene glycols market in this region, which is is used in the manufacture of unsaturated polyester resins for use in animal feed, personal care products, liquid detergents, and antifreeze,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
The market research analysts have estimated the chlorohydrin process segment to be the largest market segment during the forecast period. This segment currently accounts for a market share of approximately 37% and is closely followed by the PO/SM process segment and the PO/TBA process segment. In the chlorohydrin process, roughly 2 tons of calcium chloride is produced as a by-product. Dow Chemical is the largest manufacturer of propylene oxide by this process.
The key vendors in the global propylene oxide market include Asahi Glass, BASF, Dow Chemicals, Huntsman, LyondellBasell Industries, Repsol, and Royal Dutch Shell. This market is extremely competitive and is dominated by large vendors like Dow, LyondellBasell, and Shell. The leading vendors in this market together account for approximately 41% of the global production and will dominate the global propylene oxide market during the forecast period. These companies leverage back-integration into existing feedstock chains to maintain an efficient manufacturing base and consistent product supply.
A more detailed analysis is available in the Technavio report, Global Propylene Oxide Market 2016-2020.
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