Global Propylene Oxide Market Size, Share & Trends Analysis Report By Production Process, By Application, (Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others), By End User, By Regional Outlook and Forecast, 2024 - 2031

Global Propylene Oxide Market Size, Share & Trends Analysis Report By Production Process, By Application, (Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others), By End User, By Regional Outlook and Forecast, 2024 - 2031


The Global Propylene Oxide Market size is expected to reach $36.3 billion by 2031, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 13,671.4 kilo tonnes, experiencing a growth of 20.8% (2020-2023).

Styrene monomer is a crucial feedstock for producing polystyrene (PS) and expandable polystyrene (EPS), which have extensive applications in packaging, construction, electronics, and automotive industries. Thus, the styrene monomer process segment captured 19.5% revenue share in the market 2023. In terms of volume styrene monomer process segment would attain a volume of 4,162.1 kilo tonnes in the market 2030. The growing demand for lightweight, durable, and versatile materials in these sectors drives the consumption of PS and EPS, fueling the demand for styrene monomers. Hence, these aspects will help in the expansion of the segment.

Bio-based propylene oxide is produced from renewable feedstocks such as biomass, bioethanol, or glycerol, which have a lower carbon footprint than fossil fuel-derived feedstocks. By utilizing biomass as a raw material, bio-PO production emits fewer greenhouse gases, thereby reducing overall carbon emissions.

Additionally, governments and private investors worldwide are undertaking large-scale infrastructure development projects to modernize and expand transportation networks, utilities, and public facilities. These projects include the construction of roads, bridges, railways, airports, ports, and energy infrastructure.

However, Epichlorohydrin and other chemicals are substitutes for it in various applications, such as epoxy resins, glycols, and polyurethanes. These substitute products may offer comparable performance characteristics or cost advantages, making them attractive alternatives for consumers and industries. Therefore, these factors can pose challenges for the propylene oxide market.

By Production Process Analysis

Based on production process, the market is divided into chlorohydrin process, styrene monomer process, TBA co-product process, cumene-based process, and hydrogen peroxide process. The chlorohydrin process segment recorded 31.9% revenue share in the market in 2023. In the terms of volume, the TBA segment would attain a volume of 5,940.4 in the market 2029.

By Application Analysis

On the basis of application, the market is divided into polyether polyols, propylene glycol, glycol ethers, and others. In 2023, the propylene glycol segment witnessed 21.4% revenue share in the market. In terms of volume the propylene glycol segment would attain a volume of 4,427.4 kilo tonnes in the market 2028.

By End User Analysis

Based on end-user, the market is segmented into automotive, building & construction, textile & furnishing, chemical & pharmaceutical, packaging, electronics, and others. The automotive segment held 27.8% revenue share in the market in 2023. In terms of volume, the automotive segment would attain a volume of 5,036.2 kilo tonnes in the market 2031.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe segment acquired 21.7% revenue share in the market. In terms of volume the Europe region would attain a volume of 3,733.8 kilo tonnes in the market 2028.

Recent Strategies Deployed in the Market
  • Mar-2024: Shell plc came into partnership with Braskem, a Brazilian petrochemical company. Through this partnership, Shell would reinforce its product portfolio and offering and would enhance its global market presence.
  • Oct-2023: The Dow Chemical Company came into partnership with Evonik Industries, a publicly listed German specialty chemicals company. Through this partnership, The Dow Chemical Company would announce the successful launch and operation of a groundbreaking pilot plant for hydrogen peroxide to propylene glycol (HPPG) conversion at Evonik's facility in Hanau, Germany. Additionally, the pilot plant will showcase the advantages of this innovative technology.
  • Oct-2023: Sumitomo Chemical has initiated the construction of a pilot facility aimed at developing a process for directly producing propylene from ethanol, which is gaining recognition as a sustainable chemical feedstock. The advancement of this technology is among the initiatives funded by the NEDO Green Innovation (GI) Fund.
  • Sep-2023: The Dow Chemical Company introduced "PG RDC, PG REN, and PG CIR "a new range of propylene glycol (PG) solutions featuring alternative–lower carbon, bio-based, and circular – feedstocks in Europe. These products are suitable for various applications across a wide spectrum of industries, including agriculture, pharmaceuticals, cosmetics, textiles, and food. In the upcoming months, Dow plans to introduce similar products in additional regions worldwide.
  • May-2023: The Dow Chemical Company came into partnership with New Energy Blue, LLC, a US-based chemical company. Through this partnership, The Dow is aiding in the development of New Energy Freedom, a novel facility located in Mason City, Iowa. This facility is anticipated to handle 275,000 metric tons of corn stover annually and generate significant volumes of second-generation ethanol and environmentally friendly lignin.
  • Apr-2020: BASF SE came into partnership with Shandong INOV Polyurethane Co., Ltd. (INOV), a plastic manufacturing company in China. Through this partnership, BASF SE would enhance material innovation capabilities to effectively cater to customers both in China and international markets.
List of Key Companies Profiled
  • The Dow Chemical Company
  • BASF SE
  • LyondellBasell Industries Holdings B.V.
  • Shell plc
  • INEOS Group Holdings S.A
  • Merck KGaA
  • Huntsman Corporation
  • Sumitomo Chemical Co., Ltd.
  • Tokuyama Corporation
  • Repsol Group
Global Propylene Oxide Market Report Segmentation

By Production Process (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Chlorohydrin Process
  • Styrene Monomer Process
  • TBA Co-product Process
  • Cumene-based Process
  • Hydrogen Peroxide Process
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Polyether Polyols
  • Propylene Glycol
  • Glycol Ethers
  • Others
By End User (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Automotive
  • Building & Construction
  • Textile & Furnishing
  • Chemical & Pharmaceutical
  • Packaging
  • Electronics
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Propylene Oxide Market, by Production Process
1.4.2 Global Propylene Oxide Market, by Application
1.4.3 Global Propylene Oxide Market, by End User
1.4.4 Global Propylene Oxide Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Propylene Oxide Market
Chapter 5. Global Propylene Oxide Market by Production Process
5.1 Global Chlorohydrin Process Market by Region
5.2 Global Styrene Monomer Process Market by Region
5.3 Global TBA Co-product Process Market by Region
5.4 Global Cumene-based Process Market by Region
5.5 Global Hydrogen Peroxide Process Market by Region
Chapter 6. Global Propylene Oxide Market by Application
6.1 Global Polyether Polyols Market by Region
6.2 Global Propylene Glycol Market by Region
6.3 Global Glycol Ethers Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Propylene Oxide Market by End-user
7.1 Global Automotive Market by Region
7.2 Global Building & Construction Market by Region
7.3 Global Textile & Furnishing Market by Region
7.4 Global Chemical & Pharmaceutical Market by Region
7.5 Global Packaging Market by Region
7.6 Global Electronics Market by Region
7.7 Global Others Market by Region
Chapter 8. Global Propylene Oxide Market by Region
8.1 North America Propylene Oxide Market
8.1.1 North America Propylene Oxide Market by Production Process
8.1.1.1 North America Chlorohydrin Process Market by Country
8.1.1.2 North America Styrene Monomer Process Market by Country
8.1.1.3 North America TBA Co-product Process Market by Country
8.1.1.4 North America Cumene-based Process Market by Country
8.1.1.5 North America Hydrogen Peroxide Process Market by Country
8.1.2 North America Propylene Oxide Market by Application
8.1.2.1 North America Polyether Polyols Market by Country
8.1.2.2 North America Propylene Glycol Market by Country
8.1.2.3 North America Glycol Ethers Market by Country
8.1.2.4 North America Others Market by Country
8.1.3 North America Propylene Oxide Market by End-user
8.1.3.1 North America Automotive Market by Country
8.1.3.2 North America Building & Construction Market by Country
8.1.3.3 North America Textile & Furnishing Market by Country
8.1.3.4 North America Chemical & Pharmaceutical Market by Country
8.1.3.5 North America Packaging Market by Country
8.1.3.6 North America Electronics Market by Country
8.1.3.7 North America Others Market by Country
8.1.4 North America Propylene Oxide Market by Country
8.1.4.1 US Propylene Oxide Market
8.1.4.1.1 US Propylene Oxide Market by Production Process
8.1.4.1.2 US Propylene Oxide Market by Application
8.1.4.1.3 US Propylene Oxide Market by End-user
8.1.4.2 Canada Propylene Oxide Market
8.1.4.2.1 Canada Propylene Oxide Market by Production Process
8.1.4.2.2 Canada Propylene Oxide Market by Application
8.1.4.2.3 Canada Propylene Oxide Market by End-user
8.1.4.3 Mexico Propylene Oxide Market
8.1.4.3.1 Mexico Propylene Oxide Market by Production Process
8.1.4.3.2 Mexico Propylene Oxide Market by Application
8.1.4.3.3 Mexico Propylene Oxide Market by End-user
8.1.4.4 Rest of North America Propylene Oxide Market
8.1.4.4.1 Rest of North America Propylene Oxide Market by Production Process
8.1.4.4.2 Rest of North America Propylene Oxide Market by Application
8.1.4.4.3 Rest of North America Propylene Oxide Market by End-user
8.2 Europe Propylene Oxide Market
8.2.1 Europe Propylene Oxide Market by Production Process
8.2.1.1 Europe Chlorohydrin Process Market by Country
8.2.1.2 Europe Styrene Monomer Process Market by Country
8.2.1.3 Europe TBA Co-product Process Market by Country
8.2.1.4 Europe Cumene-based Process Market by Country
8.2.1.5 Europe Hydrogen Peroxide Process Market by Country
8.2.2 Europe Propylene Oxide Market by Application
8.2.2.1 Europe Polyether Polyols Market by Country
8.2.2.2 Europe Propylene Glycol Market by Country
8.2.2.3 Europe Glycol Ethers Market by Country
8.2.2.4 Europe Others Market by Country
8.2.3 Europe Propylene Oxide Market by End-user
8.2.3.1 Europe Automotive Market by Country
8.2.3.2 Europe Building & Construction Market by Country
8.2.3.3 Europe Textile & Furnishing Market by Country
8.2.3.4 Europe Chemical & Pharmaceutical Market by Country
8.2.3.5 Europe Packaging Market by Country
8.2.3.6 Europe Electronics Market by Country
8.2.3.7 Europe Others Market by Country
8.2.4 Europe Propylene Oxide Market by Country
8.2.4.1 Germany Propylene Oxide Market
8.2.4.1.1 Germany Propylene Oxide Market by Production Process
8.2.4.1.2 Germany Propylene Oxide Market by Application
8.2.4.1.3 Germany Propylene Oxide Market by End-user
8.2.4.2 UK Propylene Oxide Market
8.2.4.2.1 UK Propylene Oxide Market by Production Process
8.2.4.2.2 UK Propylene Oxide Market by Application
8.2.4.2.3 UK Propylene Oxide Market by End-user
8.2.4.3 France Propylene Oxide Market
8.2.4.3.1 France Propylene Oxide Market by Production Process
8.2.4.3.2 France Propylene Oxide Market by Application
8.2.4.3.3 France Propylene Oxide Market by End-user
8.2.4.4 Russia Propylene Oxide Market
8.2.4.4.1 Russia Propylene Oxide Market by Production Process
8.2.4.4.2 Russia Propylene Oxide Market by Application
8.2.4.4.3 Russia Propylene Oxide Market by End-user
8.2.4.5 Spain Propylene Oxide Market
8.2.4.5.1 Spain Propylene Oxide Market by Production Process
8.2.4.5.2 Spain Propylene Oxide Market by Application
8.2.4.5.3 Spain Propylene Oxide Market by End-user
8.2.4.6 Italy Propylene Oxide Market
8.2.4.6.1 Italy Propylene Oxide Market by Production Process
8.2.4.6.2 Italy Propylene Oxide Market by Application
8.2.4.6.3 Italy Propylene Oxide Market by End-user
8.2.4.7 Rest of Europe Propylene Oxide Market
8.2.4.7.1 Rest of Europe Propylene Oxide Market by Production Process
8.2.4.7.2 Rest of Europe Propylene Oxide Market by Application
8.2.4.7.3 Rest of Europe Propylene Oxide Market by End-user
8.3 Asia Pacific Propylene Oxide Market
8.3.1 Asia Pacific Propylene Oxide Market by Production Process
8.3.1.1 Asia Pacific Chlorohydrin Process Market by Country
8.3.1.2 Asia Pacific Styrene Monomer Process Market by Country
8.3.1.3 Asia Pacific TBA Co-product Process Market by Country
8.3.1.4 Asia Pacific Cumene-based Process Market by Country
8.3.1.5 Asia Pacific Hydrogen Peroxide Process Market by Country
8.3.2 Asia Pacific Propylene Oxide Market by Application
8.3.2.1 Asia Pacific Polyether Polyols Market by Country
8.3.2.2 Asia Pacific Propylene Glycol Market by Country
8.3.2.3 Asia Pacific Glycol Ethers Market by Country
8.3.2.4 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Propylene Oxide Market by End-user
8.3.3.1 Asia Pacific Automotive Market by Country
8.3.3.2 Asia Pacific Building & Construction Market by Country
8.3.3.3 Asia Pacific Textile & Furnishing Market by Country
8.3.3.4 Asia Pacific Chemical & Pharmaceutical Market by Country
8.3.3.5 Asia Pacific Packaging Market by Country
8.3.3.6 Asia Pacific Electronics Market by Country
8.3.3.7 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Propylene Oxide Market by Country
8.3.4.1 China Propylene Oxide Market
8.3.4.1.1 China Propylene Oxide Market by Production Process
8.3.4.1.2 China Propylene Oxide Market by Application
8.3.4.1.3 China Propylene Oxide Market by End-user
8.3.4.2 Japan Propylene Oxide Market
8.3.4.2.1 Japan Propylene Oxide Market by Production Process
8.3.4.2.2 Japan Propylene Oxide Market by Application
8.3.4.2.3 Japan Propylene Oxide Market by End-user
8.3.4.3 India Propylene Oxide Market
8.3.4.3.1 India Propylene Oxide Market by Production Process
8.3.4.3.2 India Propylene Oxide Market by Application
8.3.4.3.3 India Propylene Oxide Market by End-user
8.3.4.4 South Korea Propylene Oxide Market
8.3.4.4.1 South Korea Propylene Oxide Market by Production Process
8.3.4.4.2 South Korea Propylene Oxide Market by Application
8.3.4.4.3 South Korea Propylene Oxide Market by End-user
8.3.4.5 Singapore Propylene Oxide Market
8.3.4.5.1 Singapore Propylene Oxide Market by Production Process
8.3.4.5.2 Singapore Propylene Oxide Market by Application
8.3.4.5.3 Singapore Propylene Oxide Market by End-user
8.3.4.6 Malaysia Propylene Oxide Market
8.3.4.6.1 Malaysia Propylene Oxide Market by Production Process
8.3.4.6.2 Malaysia Propylene Oxide Market by Application
8.3.4.6.3 Malaysia Propylene Oxide Market by End-user
8.3.4.7 Rest of Asia Pacific Propylene Oxide Market
8.3.4.7.1 Rest of Asia Pacific Propylene Oxide Market by Production Process
8.3.4.7.2 Rest of Asia Pacific Propylene Oxide Market by Application
8.3.4.7.3 Rest of Asia Pacific Propylene Oxide Market by End-user
8.4 LAMEA Propylene Oxide Market
8.4.1 LAMEA Propylene Oxide Market by Production Process
8.4.1.1 LAMEA Chlorohydrin Process Market by Country
8.4.1.2 LAMEA Styrene Monomer Process Market by Country
8.4.1.3 LAMEA TBA Co-product Process Market by Country
8.4.1.4 LAMEA Cumene-based Process Market by Country
8.4.1.5 LAMEA Hydrogen Peroxide Process Market by Country
8.4.2 LAMEA Propylene Oxide Market by Application
8.4.2.1 LAMEA Polyether Polyols Market by Country
8.4.2.2 LAMEA Propylene Glycol Market by Country
8.4.2.3 LAMEA Glycol Ethers Market by Country
8.4.2.4 LAMEA Others Market by Country
8.4.3 LAMEA Propylene Oxide Market by End-user
8.4.3.1 LAMEA Automotive Market by Country
8.4.3.2 LAMEA Building & Construction Market by Country
8.4.3.3 LAMEA Textile & Furnishing Market by Country
8.4.3.4 LAMEA Chemical & Pharmaceutical Market by Country
8.4.3.5 LAMEA Packaging Market by Country
8.4.3.6 LAMEA Electronics Market by Country
8.4.3.7 LAMEA Others Market by Country
8.4.4 LAMEA Propylene Oxide Market by Country
8.4.4.1 Brazil Propylene Oxide Market
8.4.4.1.1 Brazil Propylene Oxide Market by Production Process
8.4.4.1.2 Brazil Propylene Oxide Market by Application
8.4.4.1.3 Brazil Propylene Oxide Market by End-user
8.4.4.2 Argentina Propylene Oxide Market
8.4.4.2.1 Argentina Propylene Oxide Market by Production Process
8.4.4.2.2 Argentina Propylene Oxide Market by Application
8.4.4.2.3 Argentina Propylene Oxide Market by End-user
8.4.4.3 UAE Propylene Oxide Market
8.4.4.3.1 UAE Propylene Oxide Market by Production Process
8.4.4.3.2 UAE Propylene Oxide Market by Application
8.4.4.3.3 UAE Propylene Oxide Market by End-user
8.4.4.4 Saudi Arabia Propylene Oxide Market
8.4.4.4.1 Saudi Arabia Propylene Oxide Market by Production Process
8.4.4.4.2 Saudi Arabia Propylene Oxide Market by Application
8.4.4.4.3 Saudi Arabia Propylene Oxide Market by End-user
8.4.4.5 South Africa Propylene Oxide Market
8.4.4.5.1 South Africa Propylene Oxide Market by Production Process
8.4.4.5.2 South Africa Propylene Oxide Market by Application
8.4.4.5.3 South Africa Propylene Oxide Market by End-user
8.4.4.6 Nigeria Propylene Oxide Market
8.4.4.6.1 Nigeria Propylene Oxide Market by Production Process
8.4.4.6.2 Nigeria Propylene Oxide Market by Application
8.4.4.6.3 Nigeria Propylene Oxide Market by End-user
8.4.4.7 Rest of LAMEA Propylene Oxide Market
8.4.4.7.1 Rest of LAMEA Propylene Oxide Market by Production Process
8.4.4.7.2 Rest of LAMEA Propylene Oxide Market by Application
8.4.4.7.3 Rest of LAMEA Propylene Oxide Market by End-user
Chapter 9. Company Profiles
9.1 The Dow Chemical Company
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 BASF SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 LyondellBasell Industries Holdings B.V.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Shell plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 INEOS Group Holdings S.A.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 SWOT Analysis
9.6 Merck KGaA
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Huntsman Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segment and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Sumitomo Chemical Co., Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Geographical Expansions:
9.8.6 SWOT Analysis
9.9 Tokuyama Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Repsol Group (Repsol, S.A)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives for Propylene Oxide Market

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