North America 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 Country and Growth Forecast, 2024 - 2031
The North America Propylene Oxide Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,918.5 kilo tonnes, showcasing a growth of 20.4% (2020-2023).
The chlorohydrin process is one of the primary methods for producing propylene oxide, involving the reaction of propylene with chlorine gas and aqueous hydrochloric acid. Thus, the Canada market consumed 130.3 kilo tonnes of Propylene Oxide by chlorohydrin process in the market 2026.
The US market dominated the North America Propylene Oxide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,359.9 million by 2031. The Canada market is experiencing a CAGR of 7.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2024 - 2031).
Propylene oxide (PO) is a versatile chemical compound with a wide range of industrial applications, making it a vital component of various sectors such as manufacturing, automotive, construction, and healthcare. As a highly reactive epoxide.
Additionally, propylene oxide is a building block for producing numerous chemicals and materials, including polyurethanes, propylene glycol, glycol ethers, and flame retardants. The propylene oxide market is characterized by robust demand.
The automotive industry in Mexico relies heavily on polyurethane foams for vehicle interiors, including seats, headliners, armrests, and door panels. Propylene oxide is a key raw material used to produce polyurethane foams. With the expansion of automotive manufacturing facilities in Mexico, there is a growing demand for polyurethane foam components, thereby driving the demand for propylene oxide in the region.
Based on Production Process, the market is segmented into Chlorohydrin Process, Styrene Monomer Process, TBA Co-product Process, Cumene-based Process and Hydrogen Peroxide Process. Based on Application, the market is segmented into Polyether Polyols, Propylene Glycol, Glycol Ethers, and Others. Based on End User, the market is segmented into Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
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
- Polyether Polyols
- Propylene Glycol
- Glycol Ethers
- Others
- Automotive
- Building & Construction
- Textile & Furnishing
- Chemical & Pharmaceutical
- Packaging
- Electronics
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Propylene Oxide Market, by Production Process
- 1.4.2 North America Propylene Oxide Market, by Application
- 1.4.3 North America Propylene Oxide Market, by End User
- 1.4.4 North America Propylene Oxide Market, by Country
- 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. North America Propylene Oxide Market by Production Process
- 5.1 North America Chlorohydrin Process Market by Country
- 5.2 North America Styrene Monomer Process Market by Country
- 5.3 North America TBA Co-product Process Market by Country
- 5.4 North America Cumene-based Process Market by Country
- 5.5 North America Hydrogen Peroxide Process Market by Country
- Chapter 6. North America Propylene Oxide Market by Application
- 6.1 North America Polyether Polyols Market by Country
- 6.2 North America Propylene Glycol Market by Country
- 6.3 North America Glycol Ethers Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Propylene Oxide Market by End-user
- 7.1 North America Automotive Market by Country
- 7.2 North America Building & Construction Market by Country
- 7.3 North America Textile & Furnishing Market by Country
- 7.4 North America Chemical & Pharmaceutical Market by Country
- 7.5 North America Packaging Market by Country
- 7.6 North America Electronics Market by Country
- 7.7 North America Others Market by Country
- Chapter 8. North America Propylene Oxide Market by Country
- 8.1 US Propylene Oxide Market
- 8.1.1 US Propylene Oxide Market by Production Process
- 8.1.2 US Propylene Oxide Market by Application
- 8.1.3 US Propylene Oxide Market by End-user
- 8.2 Canada Propylene Oxide Market
- 8.2.1 Canada Propylene Oxide Market by Production Process
- 8.2.2 Canada Propylene Oxide Market by Application
- 8.2.3 Canada Propylene Oxide Market by End-user
- 8.3 Mexico Propylene Oxide Market
- 8.3.1 Mexico Propylene Oxide Market by Production Process
- 8.3.2 Mexico Propylene Oxide Market by Application
- 8.3.3 Mexico Propylene Oxide Market by End-user
- 8.4 Rest of North America Propylene Oxide Market
- 8.4.1 Rest of North America Propylene Oxide Market by Production Process
- 8.4.2 Rest of North America Propylene Oxide Market by Application
- 8.4.3 Rest of North America 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
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