Global Propylene Oxide Market 2024-2028
The propylene oxide market is forecasted to grow by USD 6.24 bn during 2023-2028, accelerating at a CAGR of 4.72% during the forecast period. The report on the propylene oxide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing demand for polyurethane, growing demand for lightweight materials, and rapid economic growth in APAC.
Technavio's propylene oxide market is segmented as below:
By Application
- Polyether polyols
- Propylene glycols
- Glycol ethers
- Others
By End-user
- Automotive
- Building and construction
- Textile and furnishing
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growth in global automotive industry as one of the prime reasons driving the propylene oxide market growth during the next few years. Also, increasing use of polyurethane foam and technological advancements will lead to sizable demand in the market.
The report on the propylene oxide market covers the following areas:
- Propylene oxide market sizing
- Propylene oxide market forecast
- Propylene oxide market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading propylene oxide market vendors that include Archer Daniels Midland Co., BASF SE, Befar Group Co. Ltd., Dow Chemical Co., Evonik Industries AG, Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, LyondellBasell Industries N.V., Manali Petrochemicals Ltd., Merck and Co. Inc., Repsol SA, Sadara Chemical Co., Shell plc, SK Chemicals Co. Ltd., Sumitomo Chemical Co. Ltd., Tokuyama Corp., Wanhua Chemical Group Co. Ltd., Balchem Inc., and thyssenkrupp AG. Also, the propylene oxide market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.