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Global Propylene Oxide Market to reach USD 31.2 million by 2027.

Global Propylene Oxide Market Size study, by Production Process (Chlorohydrin Process, Styrene Monomer Process, TBA Co-product Process, Cumene-based Process, Hydrogen Peroxide Process), by End-use Industry (Automotive, Building & Construction, Textile & Furnishing, Chemical & Pharmaceutical, Packaging, Electronics, Others), by Application (Polyether Polyols, Propylene Glycol, Glycol Ethers, Others), and Regional Forecasts 2021-2027

Product Code: CMCC-82214423
Publish Date: 15-08-2021
Page: 200

Global Propylene Oxide Market is valued approximately at USD 21.3 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2021-2027. Propylene oxide is an organic compound used mainly as an intermediate in the production of propylene glycol and polyethers. It can also be utilized as a pesticide or a fumigant for sterilization of plastic medical instruments. Growing demand from end-use industries including automotive and construction is propelling the market forward. With growing focus on the construction of energy-efficient buildings, the demand for polyurethane materials has increased, which is in turn benefitting the market. Also, strategic initiatives by market players will have a positive effect on the market. For instance, in January 2021, LyondellBasell Industries Holdings B.V. formed a 50/50 joint venture with Sinopec to build a new propylene oxide and styrene monomer unit named Ningbo ZRCC LyondellBasell New Material Company Limited. Also, emerging applications in healthcare industry will create new opportunities for the market growth. However, toxic nature of propylene oxide may hamper the market growth.

The Asia Pacific region has accounted for the largest share in the worldwide market due to growing automotive, construction, pharmaceutical, textile and other end-use industries fueling the demand of propylene oxide. This demand is expected to further grow over the forecast period, thus promising significant growth in the region’s market.
Major market player included in this report are:

Dow Inc.
LyondellBasell Industries Holdings B.V.
Royal Dutch Shell PLC
SKC Company
AGC Inc.
Sumitomo Chemical Co., Ltd.
Tokuyama Corporation
Indorama Ventures Public Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Production Process:
Chlorohydrin Process
Styrene Monomer Process
TBA Co-product Process
Cumene-based Process
Hydrogen Peroxide Process
By End-Use Industry:
Building & Construction
Textile & Furnishing
Chemical & Pharmaceutical
By Application:
Polyether Polyols
Propylene Glycol
Glycol Ethers

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Propylene Oxide Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Propylene Oxide Market , by Region, 2019-2027 (USD Billion)
1.2.2. Propylene Oxide Market , by Production Process, 2019-2027 (USD Billion)
1.2.3. Propylene Oxide Market , by End-Use Industry , 2019-2027 (USD Billion)
1.2.4. Propylene Oxide Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Propylene Oxide Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Propylene Oxide Market Dynamics
3.1. Propylene Oxide Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing demand from end-use industries Rising popularity of energy-efficient building driving the demand for polyurethane materials
3.1.2. Market Restraint Toxic nature of propylene oxide
3.1.3. Market Opportunities Emerging application in the healthcare industry
Chapter 4. Global Propylene Oxide Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Propylene Oxide Market , by Production Process
5.1. Market Snapshot
5.2. Global Propylene Oxide Market by Production Process, Performance – Potential Analysis
5.3. Global Propylene Oxide Market Estimates & Forecasts by Production Process 2018-2027 (USD Billion)
5.4. Propylene Oxide Market , Sub Segment Analysis
5.4.1. Chlorohydrin Process
5.4.2. Styrene Monomer Process
5.4.3. TBA Co-product Process
5.4.4. Cumene-based Process
5.4.5. Hydrogen Peroxide Process
Chapter 6. Global Propylene Oxide Market , by End-Use Industry
a. Market Snapshot
6.1. Global Propylene Oxide Market by End-Use Industry, Performance – Potential Analysis
6.2. Global Propylene Oxide Market Estimates & Forecasts by End-Use Industry 2018-2027 (USD Billion)
6.3. Propylene Oxide Market , Sub Segment Analysis
6.3.1. Automotive
6.3.2. Building & Construction
6.3.3. Textile & Furnishing
6.3.4. Chemical & Pharmaceutical
6.3.5. Packaging
6.3.6. Electronics
6.3.7. Others
Chapter 7. Global Propylene Oxide Market , by Application
b. Market Snapshot
7.1. Global Propylene Oxide Market by Application, Performance – Potential Analysis
7.2. Global Propylene Oxide Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Propylene Oxide Market , Sub Segment Analysis
7.3.1. Polyether Polyols
7.3.2. Propylene Glycol
7.3.3. Glycol Ethers
7.3.4. Others
Chapter 8. Global Propylene Oxide Market , Regional Analysis
8.1. Propylene Oxide Market , Regional Market Snapshot
8.2. North America Propylene Oxide Market
8.2.1. U.S. Propylene Oxide Market Production Process breakdown estimates & forecasts, 2018-2027 End-Use Industry breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Propylene Oxide Market
8.3. Europe Propylene Oxide Market Snapshot
8.3.1. U.K. Propylene Oxide Market
8.3.2. Germany Propylene Oxide Market
8.3.3. France Propylene Oxide Market
8.3.4. Spain Propylene Oxide Market
8.3.5. Italy Propylene Oxide Market
8.3.6. Rest of Europe Propylene Oxide Market
8.4. Asia-Pacific Propylene Oxide Market Snapshot
8.4.1. China Propylene Oxide Market
8.4.2. India Propylene Oxide Market
8.4.3. Japan Propylene Oxide Market
8.4.4. Australia Propylene Oxide Market
8.4.5. South Korea Propylene Oxide Market
8.4.6. Rest of Asia Pacific Propylene Oxide Market
8.5. Latin America Propylene Oxide Market Snapshot
8.5.1. Brazil Propylene Oxide Market
8.5.2. Mexico Propylene Oxide Market
8.6. Rest of The World Propylene Oxide Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Dow Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. LyondellBasell Industries Holdings B.V.
9.2.3. Royal Dutch Shell PLC
9.2.4. BASF SE
9.2.5. SKC Company
9.2.6. AGC Inc.
9.2.7. Repsol
9.2.8. Sumitomo Chemical Co., Ltd.
9.2.9. Tokuyama Corporation
9.2.10. Indorama Ventures Public Company
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Data Analysis:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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