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Propylene Oxide Market by Application (Polyether Polyols, Propylene Glycols),Production Process (Chlorohydrin, Styrene Monomer, Cumene Based), End-Use Industry (Automotive, Building & Construction), and Geography – Global Forecast to 2026

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The propylene oxide market is projected to grow from USD 22.5 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. The increasing demand for polyether polyols for the production of polyurethane is expected to increase the demand for propylene oxide over the next few years.
Increase in demand for polyurethane from the healthcare industry is expected to open new revenue pockets for the propylene oxide market. However, the impact of COVID–19 on the automotive and construction industries may restrain the market growth.

“Polyether polyols application segment is projected to lead the propylene oxide market during the forecast period.”
Based on application, the polyether polyols segment is estimated to grow at the highest CAGR during the forecasted period. Polyether polyols are manufactured by the catalyzed addition of epoxides to propylene oxide or ethylene oxide. They are mainly used in the manufacturing of polyurethanes (flexible foams). Polyether polyols are a class of organic chemicals that contain multiple ether linkages and have multiple hydroxyl groups. The majority of polyether polyols are used in the manufacturing of urethanes and other products, such as surface-active agents, functional fluids, and synthetic lubricants.
“Building & Construction is the second-largest end-use industry segment propylene oxide market.”
Based on the end-use industry, the building & construction segment accounted for the second-largest share in the propylene oxide market. Building & construction industry is one of the major end-use industries of propylene oxide. In this end-use industry, fiber-reinforced plastics (FRPs) are used primarily for manufacturing building panels, bathroom components, fixtures, corrosion-resistant tanks, and pipes and ducts. These FRPs are produced by reinforcing nearly three–quarters of unsaturated polyester resins (UPR) with fiberglass or mineral fillers. UPR are made from monopropylene glycol (MPG), which is obtained from propylene glycol.

“Asia Pacific is projected to grow the highest CAGR in the propylene oxide market during the forecast period.”
Asia Pacific is projected to grow at the highest CAGR in the propylene oxide market from 2021 to 2026. Increasing demand for propylene oxide from the polyether polyols and propylene glycol application segments is a major factor driving the Asia Pacific propylene oxide market. China is projected to be the world’s largest consumer of propylene oxide during the forecast period. The country has witnessed capacity expansion projects by companies, such as Royal Dutch Shell plc (Netherlands) in recent times. This capacity expansion will enable the production of an additional 300 kilotons of propylene oxide and 600 kilotons of polyols in the country.

Profile break-up of primary participants for the report:
•By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
•By Designation: C-level Executives – 30%, Directors – 60%, and Others – 10%
•By Region: Asia Pacific – 40%, Europe – 15%, North America – 30%, the Middle East & Africa- 10%, and South America – 5%

Furthermore, as a part of the qualitative analysis of the propylene oxide market, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as Dow Inc. (US), LyondellBasell Industries Holdings B.V. (Netherlands), Royal Dutch Shell PLC (Netherlands), BASF SE (Germany), SKC Company (South Korea), AGC Inc. (Japan), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Tokuyama Corporation (Japan), Indorama Ventures Public Company (Thailand).

Research Coverage:

The report defines, segments, and projects the size of the propylene oxide market based on application, production process, end-use industry, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as acquisitions, agreements, expansions, and joint ventures undertaken by them in the market.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the propylene oxide market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the propylene oxide market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

目次

1INTRODUCTION25
1.1OBJECTIVES OF THE STUDY25
1.2MARKET DEFINITION25
1.3INCLUSIONS & EXCLUSIONS26
TABLE 1PROPYLENE OXIDE MARKET, BY APPLICATION: INCLUSIONS & EXCLUSIONS26
TABLE 2PROPYLENE OXIDE MARKET, BY PRODUCTION PROCESS:
INCLUSIONS & EXCLUSIONS26
TABLE 3PROPYLENE OXIDE MARKET, BY END–USE INDUSTRY:
INCLUSIONS & EXCLUSIONS26
TABLE 4PROPYLENE OXIDE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS27
1.4MARKET SCOPE28
1.4.1PROPYLENE OXIDE MARKET SEGMENTATION28
FIGURE 1PROPYLENE OXIDE MARKET: SEGMENTATION28
1.4.2REGIONS COVERED29
1.4.3YEARS CONSIDERED FOR THE STUDY29
1.5CURRENCY30
1.6UNIT CONSIDERED30
1.7LIMITATIONS30
1.8STAKEHOLDERS30
1.9SUMMARY OF CHANGES31
2RESEARCH METHODOLOGY32
2.1RESEARCH DATA32
FIGURE 2PROPYLENE OXIDE MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1Key data from secondary sources33
2.1.2PRIMARY DATA34
2.1.2.1Key data from primary sources34
2.1.2.2List of participating companies for primary research35
2.1.2.3Key industry insights35
2.1.2.4Breakdown of primary interviews36
2.2BASE NUMBER CALCULATION36
2.2.1DEMAND–SIDE APPROACH36
FIGURE 3BASE NUMBER CALCULATION METHODOLOGY: DEMAND–SIDE
APPROACH (VOLUME)36
2.2.2SUPPLY–SIDE APPROACH37
FIGURE 4BASE NUMBER CALCULATION METHODOLOGY: SUPPLY–SIDE
APPROACH (VOLUME)37
2.3MARKET SIZE ESTIMATION38
FIGURE 5MARKET SIZE ESTIMATION: BOTTOM–UP APPROACH39
2.3.1TOP–DOWN APPROACH39
FIGURE 6MARKET SIZE ESTIMATION: TOP–DOWN APPROACH39
2.4GROWTH RATE ASSUMPTIONS/GROWTH FORECAST40
2.4.1SUPPLY SIDE40
TABLE 5HISTORICAL GROWTH RATE OF COMPANIES IN THE PROPYLENE
OXIDE MARKET40
2.5DATA TRIANGULATION41
2.6ASSUMPTIONS42
2.7RISK ASSESSMENT42
3EXECUTIVE SUMMARY43
TABLE 6PROPYLENE OXIDE MARKET SNAPSHOT, 2021 & 202644
FIGURE 7POLYETHER POLYOLS APPLICATION ACCOUNTED FOR THE LARGEST
SHARE OF THE PROPYLENE OXIDE MARKET IN 202044
FIGURE 8ASIA PACIFIC TO BE THE FASTEST–GROWING REGIONAL MARKET
FOR PROPYLENE OXIDE45
4PREMIUM INSIGHTS46
4.1ATTRACTIVE OPPORTUNITIES IN THE GLOBAL PROPYLENE OXIDE MARKET46
FIGURE 9THE NEED FOR POLYURETHANE FOAM IN MULTIPLE END–USE INDUSTRIES DRIVES GROWTH OF THE PROPYLENE OXIDE MARKET46
4.2PROPYLENE OXIDE MARKET, BY APPLICATION46
FIGURE 10POLYETHER POLYOLS APPLICATION TO GROW THE FASTEST46
4.3ASIA PACIFIC: PROPYLENE OXIDE MARKET, BY APPLICATION AND COUNTRY47
FIGURE 11CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE MARKET47
4.4PROPYLENE OXIDE MARKET: MAJOR COUNTRIES47
FIGURE 12CHINA AND INDIA TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
DURING THE FORECAST PERIOD47
5MARKET OVERVIEW48
5.1INTRODUCTION48
5.2MARKET DYNAMICS48
FIGURE 13DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:
PROPYLENE OXIDE MARKET48
5.2.1DRIVERS49
5.2.1.1Increasing demand for polyether polyols for the production
of polyurethane49
FIGURE 14GLOBAL POLYURETHANE DEMAND49
5.2.1.2Demand for propylene oxide from end–use industries50
5.2.2RESTRAINTS50
5.2.2.1Impact of COVID–19 on automotive and construction industries50
FIGURE 15GLOBAL CAR SALES51
FIGURE 16US CONSTRUCTION ACTIVITY EXPENDITURE51
5.2.2.2Toxic nature of propylene oxide52
5.2.3OPPORTUNITIES52
5.2.3.1Growing opportunities in developing economies52
FIGURE 17WORLD POPULATION CONCENTRATION, 202053
FIGURE 18ASIA PACIFIC AVERAGE GDP GROWTH, 2016–202553
5.2.3.2Emerging applications in healthcare industry54
5.2.4CHALLENGES54
5.2.4.1Price volatility of raw materials54
TABLE 7GLOBAL OIL & GAS PRICES, USD/BBL (2016–2020)54
5.2.4.2Use of bio–based feedstock for polyurethane foam
instead of petroleum55
5.3PORTER’S FIVE FORCES ANALYSIS55
FIGURE 19PORTER’S FIVE FORCES ANALYSIS: PROPYLENE OXIDE MARKET56
TABLE 8PORTER’S FIVE FORCES ANALYSIS: PROPYLENE OXIDE MARKET56
5.3.1THREAT OF NEW ENTRANTS56
5.3.2THREAT OF SUBSTITUTES57
5.3.3BARGAINING POWER OF SUPPLIERS57
5.3.4BARGAINING POWER OF BUYERS57
5.3.5INTENSITY OF COMPETITIVE RIVALRY57
5.4COVID–19 IMPACT ANALYSIS58
5.4.1COVID–19 HEALTH ASSESSMENT58
FIGURE 20COUNTRY–WISE SPREAD OF COVID–1958
FIGURE 21IMPACT OF COVID–19 IN 2020 (Q4) ON DIFFERENT COUNTRIES60
FIGURE 22THREE SCENARIO–BASED ANALYSIS OF COVID–19 IMPACT
ON GLOBAL ECONOMY61
5.5COVID–19 IMPACT ON PROPYLENE OXIDE MARKET61
5.5.1WORLDWIDE SCENARIO61
5.5.2COVID–19 IMPACT ON RAW MATERIAL – PROPYLENE62
5.5.3MACROECONOMIC INDICATORS62
5.5.3.1Oil & Gas Industry62
TABLE 9GLOBAL OIL & GAS PRICES, USD/BBL (2016–2020)63
FIGURE 23GLOBAL OIL DEMAND GROWTH (2016–2021)63
5.5.3.2Manufacturing Industry64
FIGURE 24ANNUAL GROWTH RATE OF WORLD MANUFACTURING OUTPUT64
5.5.3.3Iron & Steel Industry65
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS65
FIGURE 25REVENUE SHIFT & NEW REVENUE POCKETS FOR PROPYLENE
OXIDE MANUFACTURERS66
5.7ECOSYSTEM/MARKET MAP OF PROPYLENE OXIDE66
FIGURE 26ECOSYSTEM/MARKET MAP OF PROPYLENE OXIDE66
TABLE 10PROPYLENE OXIDE MARKET: ECOSYSTEM67
5.8PATENT ANALYSIS67
5.8.1INTRODUCTION67
FIGURE 27PUBLICATION TRENDS (2010–2020)68
5.8.2INSIGHTS68
FIGURE 28PROPYLENE OXIDE PATENTS, TREND ANALYSIS68
5.8.3TOP PATENT HOLDERS69
5.9REGULATORY LANDSCAPE70
TABLE 11OCCUPATIONAL EXPOSURE LIMITS AND GUIDELINES FOR PROPYLENE OXIDE70
5.9.1COAST GUARD, DEPARTMENT OF HOMELAND SECURITY71
5.9.2DEPARTMENT OF TRANSPORTATION (DOT)71
5.9.3ENVIRONMENTAL PROTECTION AGENCY (EPA)71
5.9.3.1Clean Air Act71
5.9.3.2Federal Insecticide, Fungicide, and Rodenticide Act71
5.9.4FOOD AND DRUG ADMINISTRATION (FDA)71
5.9.5OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION (OSHA)72
5.10TECHNOLOGY ANALYSIS72
5.10.1OVERVIEW72
5.10.2CHLOROHYDRIN PROCESS (CHPO)72
5.10.3ETHYLBENZENE HYDROPEROXIDE WITH STYRENE CO–PRODUCT (POSM)73
5.10.4CUMENE HYDROPEROXIDE (CHP) PROCESS73
5.10.5EPOXIDATION WITH HYDROGEN PEROXIDE (HPPO)73
5.11VALUE CHAIN ANALYSIS73
5.12AVERAGE SELLING PRICE TREND74
FIGURE 29AVERAGE PRICES OF PROPYLENE OXIDE, BY REGION (USD/TON)75
TABLE 12AVERAGE PRICES OF PROPYLENE OXIDE, BY REGION (USD/TON)75
6PROPYLENE OXIDE MARKET, BY APPLICATION76
6.1INTRODUCTION77
FIGURE 30PROPYLENE OXIDE MARKET, BY APPLICATION, 2021 & 202677
TABLE 13PROPYLENE OXIDE MARKET SIZE, BY APPLICATION, 2017–2026 (KILOTON)77
TABLE 14PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)78
6.2POLYETHER POLYOLS78
6.2.1INCREASED DEMAND FOR POLYETHER POLYOLS FROM THE
POLYURETHANE INDUSTRY DRIVES THE SEGMENT78
TABLE 15PROPYLENE OXIDE MARKET SIZE IN POLYETHER POLYOLS, BY REGION, 2017–2026 (KILOTON)79
TABLE 16PROPYLENE OXIDE MARKET SIZE IN POLYETHER POLYOLS, BY REGION, 2017–2026 (USD MILLION)79
6.3PROPYLENE GLYCOL79
6.3.1PETROLEUM–BASED PROPYLENE GLYCOL FUELING THE GROWTH OF PROPYLENE OXIDE MARKET79
TABLE 17PROPYLENE OXIDE MARKET SIZE IN PROPYLENE GLYCOL, BY REGION,
2017–2026 (KILOTON)80
TABLE 18PROPYLENE OXIDE MARKET SIZE IN PROPYLENE GLYCOL, BY REGION,
2017–2026 (USD MILLION)80
6.4GLYCOL ETHERS81
6.4.1USE IN VARIOUS END–USE INDUSTRIES TO FAVOR MARKET GROWTH81
TABLE 19PROPYLENE OXIDE MARKET SIZE IN GLYCOL ETHERS, BY REGION,
2017–2026 (KILOTON)81
TABLE 20PROPYLENE OXIDE MARKET SIZE IN GLYCOL ETHERS, BY REGION,
2017–2026 (USD MILLION)81
6.5OTHERS82
TABLE 21PROPYLENE OXIDE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2026 (KILOTON)82
TABLE 22PROPYLENE OXIDE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2026 (USD MILLION)82
7PROPYLENE OXIDE MARKET, BY END–USE INDUSTRY83
7.1INTRODUCTION84
FIGURE 31AUTOMOTIVE END–USE INDUSTRY TO LEAD THE PROPYLENE OXIDE MARKET84
TABLE 23PROPYLENE OXIDE MARKET SIZE, BY END–USE INDUSTRY,
2017–2026 (KILOTON)84
7.2AUTOMOTIVE85
7.2.1AUTOMOTIVE ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET85
7.3BUILDING & CONSTRUCTION85
7.3.1BUILDING & CONSTRUCTION IS ONE OF THE MAJOR END–USE INDUSTRIES OF PROPYLENE OXIDE85
7.4CHEMICAL & PHARMACEUTICAL85
7.4.1PROPYLENE OXIDE IS USED FOR MANUFACTURING PROPYLENE GLYCOL ETHERS THAT ARE COMMONLY USED AS SOLVENTS AND COUPLING
AGENTS IN PAINTS85
7.5TEXTILE & FURNISHING86
7.5.1PROPYLENE OXIDE IS USED TO PRODUCE NON–TOXIC TEXTILES
AND IN SEPARATION OF CRUDE OIL EMULSIONS86
7.6PACKAGING86
7.6.1PROPYLENE OXIDE IS THE MATERIAL OF CHOICE FOR SMALL,
LIGHT, AND SHOCK–SENSITIVE PRODUCTS86
7.7ELECTRONICS86
7.7.1PROPYLENE GLYCOL ETHER IS REQUIRED FOR MANUFACTURING
AND MAINTENANCE OF ELECTRONIC COMPONENTS86
7.8OTHERS86
8PROPYLENE OXIDE MARKET, BY PRODUCTION PROCESS87
8.1INTRODUCTION88
FIGURE 32CHLOROHYDRIN PROCESS TO ACCOUNT FOR THE LARGEST SHARE
OF THE MARKET88
TABLE 24PROPYLENE OXIDE MARKET SIZE, BY PRODUCTION PROCESS,
2017–2026 (KILOTON)89
8.2CHLOROHYDRIN PROCESS89
8.2.1A SIGNIFICANT AMOUNT OF PROPYLENE OXIDE PRODUCTION CAPACITIES USE THIS PROCESS89
8.3STYRENE MONOMER PROCESS89
8.3.1THE STYRENE MONOMER/PROPYLENE PRODUCTION PROCESS IS GAINING POPULARITY, OWING TO ITS SUPERIOR ECONOMICS89
8.4TBA CO–PRODUCT PROCESS90
8.4.1THIS IS AN ALTERNATIVE EPOXIDATION METHOD THAT USES ISOBUTANE
TO PRODUCE TBA CO–PRODUCT90
8.5HYDROGEN PEROXIDE PROCESS90
8.5.1EPOXIDATION OF HYDROGEN PEROXIDE IS CARRIED OUT TO PRODUCE PROPYLENE OXIDE90
8.6CUMENE–BASED PROCESS91
8.6.1THIS PROCESS UTILIZES ORGANIC PEROXIDES FOR EPOXIDATION OF PROPYLENE TO PROPYLENE OXIDE WITH ONLY WATER AS BY–PRODUCT91
9PROPYLENE OXIDE MARKET, BY REGION92
9.1INTRODUCTION93
FIGURE 33CHINA EMERGING AS THE NEW HOTSPOT FOR THE PROPYLENE
OXIDE MARKET93
TABLE 25PROPYLENE OXIDE MARKET SIZE, BY REGION, 2017–2026 (KILOTON)93
TABLE 26PROPYLENE OXIDE MARKET SIZE, BY REGION, 2017–2026 (USD MILLION)94
9.2ASIA PACIFIC95
FIGURE 34ASIA PACIFIC: PROPYLENE OXIDE MARKET SNAPSHOT95
TABLE 27ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (KILOTON)96
TABLE 28ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (USD MILLION)96
TABLE 29ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)97
TABLE 30ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)97
9.2.1CHINA97
9.2.1.1China is the largest market for propylene oxide in the world97
TABLE 31CHINA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)98
TABLE 32CHINA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)98
9.2.2JAPAN99
9.2.2.1Consumption of propylene oxide to increase due to growing automotive and construction industries99
TABLE 33JAPAN: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)99
TABLE 34JAPAN: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)100
9.2.3INDIA100
9.2.3.1India to witness the highest growth in consumption of
propylene oxide100
TABLE 35INDIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)101
TABLE 36INDIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)101
9.2.4SOUTH KOREA101
9.2.4.1One of the leading producers and consumers of propylene
oxide in the region101
TABLE 37SOUTH KOREA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)102
TABLE 38SOUTH KOREA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)102
9.2.5THAILAND103
9.2.5.1Increasing construction activities in Thailand to favor market growth103
TABLE 39THAILAND: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)103
TABLE 40THAILAND: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)103
9.2.6AUSTRALIA104
9.2.6.1Emerging market for consumption of propylene oxide104
TABLE 41AUSTRALIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)104
TABLE 42AUSTRALIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)104
9.2.7REST OF ASIA PACIFIC105
TABLE 43REST OF ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION, 2017–2026 (KILOTON)105
TABLE 44REST OF ASIA PACIFIC: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION, 2017–2026 (USD MILLION)105
9.3NORTH AMERICA105
FIGURE 35NORTH AMERICA: PROPYLENE OXIDE MARKET SNAPSHOT106
TABLE 45NORTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (KILOTON)107
TABLE 46NORTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (USD MILLION)107
TABLE 47NORTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)107
TABLE 48NORTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)108
9.3.1US108
9.3.1.1A leading producer and consumer of propylene oxide
and its derivatives108
TABLE 49US: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)109
TABLE 50US: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)109
9.3.2CANADA109
9.3.2.1Excellent manufacturing facilities and infrastructure
to drive propylene oxide growth109
TABLE 51CANADA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)110
TABLE 52CANADA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)110
9.3.3MEXICO110
9.3.3.1Free trade agreement with other countries to fuel the market growth110
TABLE 53MEXICO: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)111
TABLE 54MEXICO: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)111
9.4EUROPE111
FIGURE 36EUROPE: PROPYLENE OXIDE MARKET SNAPSHOT112
TABLE 55EUROPE: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (KILOTON)113
TABLE 56EUROPE: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (USD MILLION)113
TABLE 57EUROPE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)114
TABLE 58EUROPE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)114
9.4.1GERMANY115
9.4.1.1Consumption of propylene oxide to increase due to the
growing automotive industry115
TABLE 59GERMANY: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)115
TABLE 60GERMANY: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)115
9.4.2FRANCE116
9.4.2.1Presence of foreign investors will drive the propylene oxide market116
TABLE 61FRANCE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)116
TABLE 62FRANCE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)116
9.4.3UK117
9.4.3.1Preference for sustainable and high–quality propylene
oxide to drive the market117
TABLE 63UK: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)117
TABLE 64UK: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)118
9.4.4ITALY118
9.4.4.1Developing automotive and construction industries
to boost the market118
TABLE 65ITALY: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)118
TABLE 66ITALY: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)119
9.4.5SPAIN119
9.4.5.1Growth in the commercial construction sector to lead to
market growth119
TABLE 67SPAIN: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)119
TABLE 68SPAIN: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)120
9.4.6NETHERLANDS120
9.4.6.1The polyether polyols application segment leads the
propylene oxide market120
TABLE 69NETHERLANDS: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)120
TABLE 70NETHERLANDS: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)121
9.4.7RUSSIA121
9.4.7.1Investment in unsaturated polyester resin and polyurethanes
to drive the market121
TABLE 71RUSSIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)121
TABLE 72RUSSIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)122
9.4.8REST OF EUROPE122
TABLE 73REST OF EUROPE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)122
TABLE 74REST OF EUROPE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)123
9.5MIDDLE EAST & AFRICA123
TABLE 75MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY, 2017–2026 (KILOTON)123
TABLE 76MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY, 2017–2026 (USD MILLION)124
TABLE 77MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION, 2017–2026 (KILOTON)124
TABLE 78MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION, 2017–2026 (USD MILLION)125
9.5.1SAUDI ARABIA125
9.5.1.1Saudi Arabia accounts for the largest share of the Middle
East & African market125
TABLE 79SAUDI ARABIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)126
TABLE 80SAUDI ARABIA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)126
9.5.2QATAR126
9.5.2.1Construction activities in the country to contribute to high
market growth126
TABLE 81QATAR: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)127
TABLE 82QATAR: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)127
9.5.3UAE127
9.5.3.1Increasing infrastructure activities to aid market growth127
TABLE 83UAE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)128
TABLE 84UAE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)128
9.5.4KUWAIT128
9.5.4.1Increased demand for polyurethane foam for end–use industries
to spur propylene oxide market128
TABLE 85KUWAIT: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)129
TABLE 86KUWAIT: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)129
9.5.5SOUTH AFRICA129
9.5.5.1Increasing infrastructure projects and automotive manufacturing
to aid the growth of the propylene oxide market129
TABLE 87SOUTH AFRICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)130
TABLE 88SOUTH AFRICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)130
9.5.6REST OF MIDDLE EAST & AFRICA130
TABLE 89REST OF MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE,
BY APPLICATION, 2017–2026 (KILOTON)131
TABLE 90REST OF MIDDLE EAST & AFRICA: PROPYLENE OXIDE MARKET SIZE,
BY APPLICATION, 2017–2026 (USD MILLION)131
9.6SOUTH AMERICA131
TABLE 91SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (KILOTON)132
TABLE 92SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY COUNTRY,
2017–2026 (USD MILLION)132
TABLE 93SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)132
TABLE 94SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)133
9.6.1BRAZIL133
9.6.1.1Largest automobile producer in the region to drive the growth133
TABLE 95BRAZIL: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)134
TABLE 96BRAZIL: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)134
9.6.2ARGENTINA134
9.6.2.1Well–developed infrastructure to support the production of
propylene oxide market134
TABLE 97ARGENTINA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)135
TABLE 98ARGENTINA: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)135
9.6.3CHILE135
9.6.3.1Growing end–use industries to drive the market135
TABLE 99CHILE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (KILOTON)136
TABLE 100CHILE: PROPYLENE OXIDE MARKET SIZE, BY APPLICATION,
2017–2026 (USD MILLION)136
9.6.4REST OF SOUTH AMERICA136
TABLE 101REST OF SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE,
BY APPLICATION, 2017–2026 (KILOTON)137
TABLE 102REST OF SOUTH AMERICA: PROPYLENE OXIDE MARKET SIZE,
BY APPLICATION, 2017–2026 (USD MILLION)137
10COMPETITIVE LANDSCAPE138
10.1KEY PLAYERS STRATEGIES/RIGHT TO WIN138
10.1.1OVERVIEW OF STRATEGIES ADOPTED BY PROPYLENE OXIDE
VENDORS (2016–2021)138
10.2REVENUE ANALYSIS OF TOP FIVE COMPANIES139
FIGURE 37REVENUE ANALYSIS FOR TOP 5 COMPANIES, 2016–2020139
10.3MARKET SHARE ANALYSIS, 2020140
FIGURE 38PROPYLENE OXIDE: MARKET SHARE ANALYSIS140
10.3.1PROPYLENE OXIDE MARKET: DEGREE OF COMPETITION141
10.4COMPANY EVALUATION QUADRANT142
10.4.1STAR143
10.4.2PERVASIVE143
10.4.3EMERGING LEADER143
10.4.4PARTICIPANT143
FIGURE 39PROPYLENE OXIDE MARKET, COMPANY EVALUATION MARKET, 2020144
10.5COMPETITIVE BENCHMARKING145
10.5.1COMPANY PRODUCT FOOTPRINT145
10.5.2COMPANY APPLICATION FOOTPRINT146
10.5.3COMPANY REGIONAL FOOTPRINT147
10.5.4COMPANY END–USE INDUSTRY FOOTPRINT148
10.6STARTUP/SME EVALUATION QUADRANT, 2020149
10.6.1PROGRESSIVE COMPANIES149
10.6.2RESPONSIVE COMPANIES149
10.6.3DYNAMIC COMPANIES149
10.6.4STARTING BLOCKS149
FIGURE 40PROPYLENE OXIDE COMPANY EVALUATION QUADRANT150
10.7RECENT DEVELOPMENTS151
10.7.1DEALS151
10.7.2OTHERS153
 
11COMPANY PROFILES154
11.1MAJOR PLAYERS154
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
11.1.1DOW INC.154
TABLE 103DOW INC.: COMPANY OVERVIEW154
FIGURE 41DOW INC.: COMPANY SNAPSHOT155
11.1.2LYONDELLBASELL INDUSTRIES HOLDINGS B.V.158
TABLE 104LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY OVERVIEW158
FIGURE 42LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT158
11.1.3ROYAL DUTCH SHELL PLC161
TABLE 105ROYAL DUTCH SHELL PLC: COMPANY OVERVIEW161
FIGURE 43ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT161
11.1.4INDORAMA VENTURES PUBLIC COMPANY LTD.164
TABLE 106INDORAMA VENTURES PUBLIC COMPANY LTD.: COMPANY OVERVIEW164
FIGURE 44INDORAMA VENTURES PUBLIC COMPANY LTD: COMPANY SNAPSHOT165
11.1.5BASF SE167
TABLE 107BASF SE: COMPANY OVERVIEW167
FIGURE 45BASF SE: COMPANY SNAPSHOT167
11.1.6AGC INC.169
TABLE 108AGC INC.: COMPANY OVERVIEW169
FIGURE 46AGC INC.: COMPANY SNAPSHOT169
11.1.7REPSOL171
TABLE 109REPSOL: COMPANY OVERVIEW171
FIGURE 47REPSOL: COMPANY SNAPSHOT171
11.1.8TOKUYAMA CORPORATION174
TABLE 110TOKUYAMA CORPORATION: COMPANY OVERVIEW174
FIGURE 48TOKUYAMA CORPORATION: COMPANY SNAPSHOT174
11.1.9SUMITOMO CHEMICAL CO., LTD.176
TABLE 111SUMITOMO CHEMICAL CO., LTD.: COMPANY OVERVIEW176
FIGURE 49SUMITOMO CHEMICAL CO., LTD.: COMPANY SNAPSHOT177
11.1.10SKC COMPANY LTD180
TABLE 112SKC COMPANY LTD.: COMPANY OVERVIEW180
FIGURE 50SKC COMPANY LTD: COMPANY SNAPSHOT181
11.2OTHER PLAYERS184
11.2.1INEOS OXIDE184
11.2.2JISHEN CHEMICAL INDUSTRY CO., LTD. (MERGED)184
11.2.3MANALI PETROCHEMICALS185
11.2.4TIANJIN DAGU CHEMICAL CO., LTD.185
11.2.5PJSC NIZHNEKAMSKNEFTEKHIM186
11.2.6PCC ROKITA186
11.2.7WUDI XINYUE CHEMICAL CO., LTD.187
11.2.8OLTCHIM S.A.187
11.2.9WANHUA CHEMICAL GROUP CO., LTD.188
11.2.10S–OIL CORPORATION188
11.2.11TOKYO CHEMICAL INDUSTRY CO., LTD.189
11.2.12BEFAR GROUP189
11.2.13MERCK KGAA190
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
12APPENDIX191
12.1DISCUSSION GUIDE191
12.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL194
12.3AVAILABLE CUSTOMIZATIONS196
12.4RELATED REPORTS196
12.5AUTHOR DETAILS197

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