Global Propylene Oxide Market 2024-2028

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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global propylene oxide market 2018 - 2022
      • Table Historic Market Size – Data Table on global propylene oxide market 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Polyether polyols - Market size and forecast 2023-2028
      • Table Chart on Polyether polyols - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Polyether polyols - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Polyether polyols - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Polyether polyols - Year-over-year growth 2023-2028 (%)
    • Propylene glycols - Market size and forecast 2023-2028
      • Table Chart on Propylene glycols - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Propylene glycols - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Propylene glycols - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Propylene glycols - Year-over-year growth 2023-2028 (%)
    • Glycol ethers - Market size and forecast 2023-2028
      • Table Chart on Glycol ethers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Glycol ethers - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Glycol ethers - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Glycol ethers - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Automotive - Market size and forecast 2023-2028
      • Table Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • Building and construction - Market size and forecast 2023-2028
      • Table Chart on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Building and construction - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
    • Textile and furnishing - Market size and forecast 2023- 2028
      • Table Chart on Textile and furnishing - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Textile and furnishing - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Textile and furnishing - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Textile and furnishing - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for polyurethane
      • Growing demand for lightweight materials
    • Market challenges
      • Environmental and regulatory concerns
      • High costs associated with production of propylene oxide
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growth in global automotive industry
      • Increasing use of polyurethane foam
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Balchem Inc.
      • Table Balchem Inc. - Overview
      • Table Balchem Inc. - Business segments
      • Table Balchem Inc. - Key offerings
      • Table Balchem Inc. - Segment focus
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • Befar Group Co. Ltd.
      • Table Befar Group Co. Ltd. - Overview
      • Table Befar Group Co. Ltd. - Product / Service
      • Table Befar Group Co. Ltd. - Key offerings
    • Dow Chemical Co.
      • Table Dow Chemical Co. - Overview
      • Table Dow Chemical Co. - Business segments
      • Table Dow Chemical Co. - Key news
      • Table Dow Chemical Co. - Key offerings
      • Table Dow Chemical Co. - Segment focus
    • Evonik Industries AG
      • Table Evonik Industries AG - Overview
      • Table Evonik Industries AG - Business segments
      • Table Evonik Industries AG - Key news
      • Table Evonik Industries AG - Key offerings
      • Table Evonik Industries AG - Segment focus
    • INEOS Group Holdings SA
      • Table INEOS Group Holdings SA - Overview
      • Table INEOS Group Holdings SA - Business segments
      • Table INEOS Group Holdings SA - Key news
      • Table INEOS Group Holdings SA - Key offerings
      • Table INEOS Group Holdings SA - Segment focus
    • LyondellBasell Industries N.V.
      • Table LyondellBasell Industries N.V. - Overview
      • Table LyondellBasell Industries N.V. - Business segments
      • Table LyondellBasell Industries N.V. - Key news
      • Table LyondellBasell Industries N.V. - Key offerings
      • Table LyondellBasell Industries N.V. - Segment focus
    • Merck and Co. Inc.
      • Table Merck and Co. Inc. - Overview
      • Table Merck and Co. Inc. - Business segments
      • Table Merck and Co. Inc. - Key news
      • Table Merck and Co. Inc. - Key offerings
      • Table Merck and Co. Inc. - Segment focus
    • Repsol SA
      • Table Repsol SA - Overview
      • Table Repsol SA - Product / Service
      • Table Repsol SA - Key offerings
    • Sadara Chemical Co.
      • Table Sadara Chemical Co. - Overview
      • Table Sadara Chemical Co. - Product / Service
      • Table Sadara Chemical Co. - Key offerings
    • Shell plc
      • Table Shell plc - Overview
      • Table Shell plc - Business segments
      • Table Shell plc - Key offerings
      • Table Shell plc - Segment focus
    • SK Chemicals Co. Ltd.
      • Table SK Chemicals Co. Ltd. - Overview
      • Table SK Chemicals Co. Ltd. - Product / Service
      • Table SK Chemicals Co. Ltd. - Key offerings
    • Sumitomo Chemical Co. Ltd.
      • Table Sumitomo Chemical Co. Ltd. - Overview
      • Table Sumitomo Chemical Co. Ltd. - Business segments
      • Table Sumitomo Chemical Co. Ltd. - Key offerings
      • Table Sumitomo Chemical Co. Ltd. - Segment focus
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
    • Wanhua Chemical Group Co. Ltd.
      • Table Wanhua Chemical Group Co. Ltd. - Overview
      • Table Wanhua Chemical Group Co. Ltd. - Product / Service
      • Table Wanhua Chemical Group Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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