Propylene Oxide Market's Polyether Polyols Segment to Exhibit...

Propylene Oxide Market's Polyether Polyols Segment to Exhibit Strong Growth

Posted 2023-11-02 09:40:01

SWOT Analysis:

Strengths: Wide range of applications in end-use industries.
Weaknesses: Toxic in nature and requires proper handling during production and transportation. Highly flammable.
Opportunities: Growth in the construction and automotive industries in emerging nations.
Threats: Stringent regulations regarding production and transportation due to toxic and flammable nature. Availability of substitute products.

Key Takeaways

The Global Propylene Oxide Market Size was valued at USD 16,063.5 million in 2022. It is expected to witness a CAGR of 5.87% over the forecast period of 2023 to 2030. Propylene oxide is widely used to produce polyether polyols, propylene glycol, and other chemical intermediates which find applications in industries such as construction, automotive, furniture, and chemicals.

Regional analysis: Asia Pacific was the largest and fastest growing regional market for propylene oxide in 2022. China dominated the Asia Pacific market owing to presence of huge manufacturing capacity of propylene oxide and its derivatives. Other major markets include North America and Europe.

Key players operating in the propylene oxide market are SK Chemicals, The Dow Chemicals Royal Dutch Shell, Tokuyama Corporation, Co., Ltd., BASF S.E., Huntsman International LLC., AGC Chemicals, CSPC Pharmaceutical Group Limited, Air Products and Chemicals, Inc., China Petrochemical Corporation, Eastman Chemical Company, Inc., PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama, Hanwha Group, The Dow Chemical Company, Sumitomo Chemical, Repsol, Air Liquide, and Mitsui Chemicals.